The forecast for refinery gas consumption in Germany's chemical and petrochemical sectors shows a steady upward trend from 2024 to 2028. In 2023, the actual consumption stood at 13.62 thousand terajoules. From 2023 to 2024, there is a projected increase of 3.0%. The year-on-year growth continues with a rise of 2.92% in 2025, 2.84% in 2026, 2.69% in 2027, and 2.62% in 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is an average of 2.81% yearly, indicating a stable demand and the potential for incremental growth in these sectors.
Future trends to watch for in this industry include:
- Impact of European Union regulations on energy consumption and emissions.
- Increasing use of alternative energy sources that might affect refinery gas demand.
- Technological advancements in efficiency and production processes in the chemical and petrochemical industries.
- Global economic conditions affecting the manufacturing output and subsequently, the demand for refinery gas.