Forecast: Renewables and Biofuels Final Consumption in Chemical and Petrochemical Sectors in Germany

As of 2023, the actual final consumption of renewables and biofuels in Germany's chemical and petrochemical sectors stood at an unspecified value. From 2024, forecasts predict a steady increase in consumption, starting at 990.22 GWh and reaching 1080 GWh by 2028. This reflects a consistent year-on-year growth, with increments of 1.99% from 2024 to 2025, 2.97% from 2025 to 2026, and 1.92% from 2026 to 2027. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be 2.19%.

Future trends to watch for:

  • Technological advancements in renewable energy production that might drive efficiency and further adoption.
  • Government policies and regulations impacting the growth trajectory in the chemical and petrochemical sectors.
  • Market demand shifts towards sustainability and green alternatives influencing sector investment.

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