In 2023, natural gas consumption in Germany's chemical and petrochemical sectors stood at 64.7 thousand GWh. The forecasted figures from 2024 to 2028 show a consistent year-on-year growth, with consumption rising from 65.1 thousand GWh in 2024 to 66.97 thousand GWh in 2028. This increment signifies a steady average annual growth rate (CAGR) of approximately 0.71% over the five-year period.
Future trends to watch for:
• The ongoing energy transition in Germany, with a focus on reducing reliance on natural gas and increasing the use of renewable energy sources.
• Regulatory changes and policies aimed at improving energy efficiency in the chemical sectors.
• Potential technological advancements in the petrochemical industry which could alter natural gas usage.
• Economic factors influencing industrial output levels and their subsequent effect on natural gas demand.
