In 2023, the final consumption of renewables and biofuels in the French chemical and petrochemical sector stood at 120.58 Thousand Tonnes of Oil Equivalent. The expected growth from 2024 to 2028 shows a consistent upward trend, with gradual annual increases reaching 133.4 Thousand Tonnes of Oil Equivalent in 2028. The year-on-year growth ranges between 2.68% and 2.45%, indicating steady growth. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 2.52%, reflecting a stable positive trajectory for increased adoption of renewables and biofuels.
Future trends to watch for include technological advancements that may drive efficiency and further increase consumption in this sector. Additionally, regulatory changes and environmental policies could accelerate the transition towards greater usage of sustainable energy sources. Monitoring global energy price fluctuations will also be crucial as they can influence the cost-effectiveness of renewables relative to traditional fossil fuels.
