The forecast for liquefied petroleum gases (LPG) final consumption in Italy's iron and steel sectors from 2024 to 2028 shows a steady increase. Starting at 30.78 thousand tonnes of oil equivalent in 2024, it progresses to 31.03 by 2028. This reflects a gradual annual growth in the range of approximately 0.19% to 0.23%. The compounded annual growth rate (CAGR) over this five-year period is approximately 0.21%.
Future trends to watch for include:
- Innovations in energy efficiency techniques within the iron and steel industries.
- Impact of European Union policies aimed at reducing carbon emissions and promoting sustainable energy sources.
- Global market dynamics that may influence LPG pricing and availability.
- Technological advancements in alternative energy that could alter LPG demand.