The coal tar transformation output in Belgium is projected to steadily increase from 481.32 GWh in 2024 to 529.77 GWh by 2028. This consistent growth reflects a compound annual growth rate (CAGR) for the period. Analyzing the year-on-year variations, the output is expected to grow by around 2.6% annually throughout the five years.
In 2023, the actual coal tar transformation output was 469.67 GWh. Compared to the previous two years, there is a noticeable upward trend, showcasing a positive and sustained increase in the output.
Future trends to watch for include technological advancements in coal tar processing, potential regulatory changes impacting production, and shifts in demand due to energy transition policies aimed at reducing carbon emissions.
