Forecast: Bioenergy Final Consumption in Chemical and Petrochemical Sectors in Belgium

The bioenergy final consumption in Belgium's chemical and petrochemical sectors shows a slight but consistent decline from 2024 to 2028:

  • 2024: 117.17 Thousand Tonnes Of Oil Equivalent (ktoe)
  • 2025: 116.98 ktoe (-0.16%)
  • 2026: 116.81 ktoe (-0.15%)
  • 2027: 116.64 ktoe (-0.15%)
  • 2028: 116.49 ktoe (-0.13%)

The calculated Compound Annual Growth Rate (CAGR) over the five years is approximately -0.15%.

Despite the minor decline, the bioenergy consumption is relatively stable. Future trends to watch include technological advancements in bioenergy efficiency, shifts in policy frameworks promoting renewable energy, and the chemical and petrochemical sectors' adaptation to evolving regulations to meet sustainability targets.