The forecast for naphtha final consumption in the UK industry shows a consistent decline from 2024 to 2028, beginning at 53.52 thousand tonnes of oil equivalent and decreasing annually. The year-on-year percentage change demonstrates a steady reduction, indicating a downward trend. In 2023, the consumption stood at an actual value of 55.56 thousand tonnes. Over five years, the projected compound annual growth rate (CAGR) is negative, reflecting a gradual decrease in demand within the sector.
Future trends to monitor include shifts in industrial practices towards more sustainable alternatives, regulatory changes impacting naphtha usage in petrochemical industries, and potential technological advancements influencing efficiency and consumption patterns.
