Forecast: Renewables and Biofuels Final Consumption in Chemical and Petrochemical Sectors in Germany

The forecast indicates a steady increase in the consumption of renewables and biofuels in Germany's chemical and petrochemical sectors, with values rising from 86.05 in 2024 to 93.96 thousand tonnes of oil equivalent by 2028. Year-on-year growth shows an upward trajectory with annual increases ranging from approximately 2.3% to 2.08% over these years. The expected Compound Annual Growth Rate (CAGR) over the five-year span is around 2.18%.

Future trends to watch for:

  • Technological advancements in renewable energy efficiency which could accelerate adoption.
  • Potential shifts in energy policy and government incentives impacting consumption rates.
  • Market dynamics and geopolitical factors that could influence biofuel supply and demand.

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