As of 2023, the primary solid biofuels final consumption in the Iron and Steel sectors in France stood at 2.12 thousand tonnes of oil equivalent. The forecast for 2024 through 2028 suggests a gradual increase from 2.2 to 2.49. The year-on-year percentage growth averages around 2.95%, indicating a steady rise in biofuel consumption due to likely policy and industry shifts towards sustainable energy sources. The compounded annual growth rate (CAGR) over the five-year forecast period is approximately 3.12%, reflecting consistent upward momentum.
Future trends to watch for include potential regulatory changes aimed at reducing emissions in the industrial sector, technological advancements in biofuel efficiency, and economic factors affecting biofuel production costs and competitiveness. Monitoring these factors will provide insight into the trajectory of biofuel integration in the industry.
