Forecast: Chemical and Petrochemical Sector Final Consumption of Electricity in Germany

As of 2023, the chemical and petrochemical sector's final consumption of electricity in Germany stands at 4.58 million tonnes of oil equivalent. Forecasts predict it will stabilize at 4.59 million in 2024 and 2025, then slightly increase to 4.6 in 2026 and 2027, reaching 4.61 by 2028. The consistent stability in consumption from 2024 to 2025, followed by marginal increases, indicates a steady demand in the sector. The year-on-year variation reveals modest growth, and the compound annual growth rate (CAGR) over five years suggests minimal growth.

Future trends to watch for include:

  • Technological advancements in energy efficiency within the sector.
  • Policy changes promoting renewable energy integration.
  • Impact of global market demands on Germany's chemical and petrochemical industries.

Top Countries about Petrochemical