In 2023, the gross available energy from paraffin waxes in France stood at an actual figure, revealing the trend moving forward. By 2024, forecasted values mark a slight increment in available energy, reaching 190.93 Gigawatt-hours. Subsequent years show a steady increase, culminating in 196.28 Gigawatt-hours by 2028. Each year from 2024 to 2028 sees an approximate annual growth, with a year-on-year variation increasing by around 0.6% to 0.7%. Looking over five years, the Compound Annual Growth Rate (CAGR) is projected to reflect a consistent upward growth trajectory.
Future trends to monitor include:
- Technological advancements in energy efficiency which could either boost or reduce paraffin wax dependency.
- Policy changes regarding energy sources and sustainability that might impact paraffin wax utilization in the energy mix.
- Market shifts in alternative energy solutions that could affect paraffin wax demand.
