The forecast for the chemical and petrochemical sector's final consumption of heat in the UK indicates a significant declining trend from 2024 to 2028. Starting from 163.68 thousand tonnes of oil equivalent in 2024, the consumption decreases year-on-year by approximately 7.68% in 2025, 8.12% in 2026, 8.67% in 2027, and 9.32% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is negative, reflecting an average annual decrease over this period.
Future trends to watch for in this sector include:
- Increased energy efficiency measures within the industry.
- Potential shifts towards alternative energy sources reducing reliance on conventional heat energy.
- Impact of regulatory changes and sustainability commitments on energy consumption patterns.