Forecast: Chemical and Petrochemical Sector Final Consumption of Heat in the UK

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.

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