The forecast for the chemical and petrochemical sector's final consumption of renewables and biofuels in Germany shows an upward trend from 2024 to 2028, with values increasing steadily from 990.22 Gigawatthours in 2024 to 1080 Gigawatthours in 2028. Comparing the forecasted values from 2024 to 2025, there is approximately a 2% increase, and from 2025 to 2026, the increase is about 2.97%. This trend continues with the same year-on-year growth rate. Over the entire forecast period, the compound annual growth rate (CAGR) indicates a steady annual increase.
Future trends to watch for in this sector include technological advancements in biofuel production efficiencies, potential regulatory changes promoting sustainable energy sources, and fluctuations in fossil fuel prices influencing the switch to greener alternatives.
