Forecast: Primary Solid Biofuels Final Consumption in Chemical and Petrochemical Sectors in Germany

In 2023, the primary solid biofuels final consumption in Germany's chemical and petrochemical sectors stood indicatively lower than in 2024's forecast. From 2024 to 2028, projections indicate consistent growth in consumption from 1.56 to 1.7 thousand terajoules, reflecting a year-on-year increase of around 2.5% on average. Over the broader five-year period, the compound annual growth rate (CAGR) is approximately 2.2%.

Future trends to watch for include:

  • Technological advancements in biofuel processing which could enhance efficiency and reduce costs.
  • Policy changes and incentives aimed at increasing renewable energy adoption.
  • Potential shifts in industry demand due to economic and regulatory factors.

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