In 2023, Norway led Europe’s chemical and petrochemical sectors in renewable and biofuel consumption with a significant 29.6% increase, far above others like France at 10.44% and Germany at 3.69%. Sweden showed remarkable progress with a 24.5% rise, while Austria saw a slight decline at -1.6%. Notable increases in countries like Serbia (29.45%) and Ukraine (34.17%) indicate an expanding focus on renewables. Conversely, several countries experienced declines, most notably Greece with a drop of -31.39%. Overall, the sector is marked by a mix of steady growth and sporadic declines, emphasizing varied approaches to renewable energy integration.
Future trends to watch include the potential for accelerated renewable adoption in Eastern European countries due to energy security concerns and policy incentives. Additionally, increasing technology advancements in biofuels and public pressure may drive more substantial shifts across all European countries to contribute more significantly to global sustainability goals.
Top countries in Chemical and Petrochemical Sector Final Consumption of Renewables and Biofuels Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 26.35 | 2023 | +9.54% | +29.6% | View data |
| 2 | 2 France | 17.67 | 2023 | +3.22% | +10.44% | View data |
| 3 | 3 Germany | 12.39 | 2023 | +2.53% | +3.69% | View data |
| 4 | 4 United Kingdom | 10.04 | 2023 | +6.35% | +12.28% | View data |
| 5 | 5 Austria | 7.16 | 2023 | +4.22% | -1.6% | View data |
| 6 | 6 Sweden | 5.93 | 2023 | -0.031% | +24.5% | View data |
| 7 | 7 Slovenia | 3 | 2023 | +2.83% | +2.79% | View data |
| 8 | 8 Serbia | 2.99 | 2023 | +22.98% | +29.45% | View data |
| 9 | 9 Denmark | 2.66 | 2023 | +13.36% | +19.89% | View data |
| 10 | 10 Lithuania | 2.24 | 2023 | +2.79% | +2.44% | View data |
