The Forecast for the Chemical and Petrochemical Sector's consumption of natural gas in France indicates a gradual decline from 2024 to 2028. The expected consumption is expected to decrease from 34.54 thousand Gigawatthours in 2024 to 33.77 thousand Gigawatthours by 2028. If we compare with the actual consumption in 2023, there is a noticeable downward trend. The year-on-year percentage decline supports this gradual reduction, pointing to a steady decrement. The Compound Annual Growth Rate (CAGR) reflects a declining trend across the five-year period, emphasizing a consistent decrease in consumption.
Future trends to watch for in this sector include the impact of potential regulations on emissions, progress in energy efficiency within chemical processes, and innovations in renewable energy sources that might further decrease the reliance on natural gas. Additionally, shifts in global demand for petrochemicals could also influence natural gas consumption patterns.
