The electricity final consumption in the UK’s chemical and petrochemical sectors shows a declining trend from 2024 to 2028, dropping from 49.53 to 46.18 thousand terajoules. Compared to the actual consumption in 2023, this forecast indicates a consistent reduction in energy usage, reflecting a potential shift towards energy efficiency and sustainability. Year-on-year percentage changes display a gradual decline, with an average compound annual growth rate (CAGR) indicative of a shrinking energy demand over the five-year period.

Future trends to watch for include:

Advancements in energy-efficient technologies in chemical and petrochemical manufacturing.
Increased adoption of renewable energy sources to further decrease electricity consumption.
Regulatory changes aimed at reducing carbon emissions that may impact energy usage.
Potential shifts in industry demand due to global economic changes and supply chain dynamics.