The chemical and petrochemical sector in Belgium has displayed varying consumption patterns of natural gas over the past decade. As of 2023, the sector's consumption stood at 1.44 Million Tonnes Of Oil Equivalent. The year-on-year variations have fluctuated, with notable increases in 2017 (11.44%) and 2021 (8.79%). Over the past 5 years, the sector exhibited a modest CAGR of 0.96%. However, the forecasted consumption shows a steady rise with a forecasted CAGR of 0.54% from 2024 to 2028, reaching 1.49 Million Tonnes Of Oil Equivalent by 2028.
Future trends to watch for in this sector include the impact of sustainable and green energy initiatives, regulatory changes, and technological advancements in energy efficiency. These factors will likely play crucial roles in shaping natural gas consumption patterns in the chemical and petrochemical industry in Belgium.