The European renewables and biofuels consumption in the chemical and petrochemical sectors showcased varied growth in 2023, with Norway, Sweden, and Serbia leading with significant increases in consumption year-on-year. Conversely, countries like Greece and Slovakia experienced sharp declines. Over the past five years, Norway has consistently registered the highest CAGR, reflecting its strategic shift towards sustainable energy sources. Notably, Germany, the UK, and France maintain robust but slower growth, underscoring mature consumption markets.
Future trends indicate an emphasis on integrating renewables into the energy mix, driven by policy support and technological advancements. Watch for emerging economies in Eastern Europe to increase consumption as green policies take effect, while Western European countries may focus on technological innovations to optimize energy efficiency in these sectors.
Top countries in Renewables and Biofuels Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 7,400 | 2023 | +9.54% | +29.6% | View data |
| 2 | 2 France | 4,970 | 2023 | +3.26% | +10.49% | View data |
| 3 | 3 Germany | 3,490 | 2023 | +2.6% | +3.73% | View data |
| 4 | 4 United Kingdom | 2,820 | 2023 | +6.37% | +12.28% | View data |
| 5 | 5 Austria | 2,030 | 2023 | +4.37% | -1.37% | View data |
| 6 | 6 Sweden | 1,950 | 2023 | +7.85% | +28.47% | View data |
| 7 | 7 Slovenia | 840.5 | 2023 | +2.58% | +2.83% | View data |
| 8 | 8 Serbia | 829.66 | 2023 | +22.68% | +29.18% | View data |
| 9 | 9 Denmark | 746.42 | 2023 | +13.37% | +19.89% | View data |
| 10 | 10 Lithuania | 629 | 2023 | +2.62% | +2.36% | View data |
