In 2023, the chemical and petrochemical sector's final consumption of renewables and biofuels in Italy was approximately 7.20 thousand tonnes of oil equivalent. The forecast from 2024 to 2028 shows a steady annual increase in consumption: 7.31 in 2024, rising to 7.75 by 2028. This indicates a consistent year-on-year growth of about 1.5%. The compound annual growth rate (CAGR) over this forecast period is expected to be around 1.54%. This trend reflects a gradual shift towards greater use of renewable energy sources in the sector.
Future trends to watch for include advancements in biofuel technologies that could accelerate adoption rates, changes in policy or regulation that may either boost or constrain growth, and the impact of global economic conditions on the pace of renewable integration in the chemical and petrochemical industries.
