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.