In 2023, the chemical and petrochemical sector's consumption of non-renewable waste in Germany stood at an estimated 175.8 thousand tonnes of oil equivalent. The forecast indicates a steady annual increase from 2024 to 2028, with consumption rising from 179.68 to 198.8 thousand tonnes of oil equivalent. Year-on-year growth rates approximate 2.68%, showcasing a consistent upward trajectory. The five-year compound annual growth rate (CAGR) between 2024 and 2028 stands at approximately 2.55%, reflecting ongoing incremental growth.
Future trends to watch for:
- Continued efforts to reduce carbon footprints could impact future consumption trends in the sector.
- Technological advancements in recycling and alternative materials might alter dependency on non-renewable waste.
- Policy changes focused on sustainability and renewable energy sources could reshape industry dynamics.