In 2023, the final consumption of primary solid biofuels in Germany's iron and steel sectors stood at an actual value of 36 Terajoules. Forecast data indicates a steady consumption of 37 Terajoules from 2024 to 2026, with a slight increase to 38 Terajoules in 2027 and 2028, suggesting a gradual shift towards increased use of biofuels. The year-on-year variation remains minimal through 2026, with slight growth beginning in 2027, reflecting modest adoption pace. The compound annual growth rate (CAGR) is calculated at approximately 1.08% over the five-year period ending in 2028.
Future trends to monitor include:
- Advancements in biofuel technology that could enhance efficiency and increase adoption rates in heavy industries.
- Regulatory changes or incentives encouraging greener energy solutions in the industrial sector.
- Global changes in energy prices which could impact the economic feasibility and attractiveness of biofuel consumption in industries.
- Potential partnerships or collaborations between biofuel producers and the iron and steel sectors aimed at achieving sustainability targets.
