The analysis of final consumption of renewables and biofuels in the European chemical and petrochemical sector highlights Norway as the leader in 2023, with France and Germany following. Notable year-on-year increases include Norway (29.6%), Serbia (29.18%), and Sweden (28.47%), while Greece experienced a significant decline (-31.38%). Over the last five years, the sector showed varied consumption patterns among countries, with substantial growth in emerging economies and moderate increases or declines in more developed markets.
Future trends to watch include the potential for regulatory changes promoting biofuel use, technological advancements driving efficiency, and the geopolitical implications of energy sourcing in Europe. Sustainability and the energy transition will play a pivotal role in shaping the consumption landscape across the region.
Top countries in Chemical and Petrochemical Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 7,400 | 2023 | +9.54% | +29.6% | View data |
| 2 | 2 France | 4,970 | 2023 | +3.26% | +10.49% | View data |
| 3 | 3 Germany | 3,370 | 2023 | +2.6% | +3.73% | View data |
| 4 | 4 United Kingdom | 2,820 | 2023 | +6.37% | +12.28% | View data |
| 5 | 5 Austria | 2,030 | 2023 | +4.37% | -1.37% | View data |
| 6 | 6 Sweden | 1,950 | 2023 | +7.85% | +28.47% | View data |
| 7 | 7 Slovenia | 840.5 | 2023 | +2.62% | +2.72% | View data |
| 8 | 8 Serbia | 829.66 | 2023 | +22.68% | +29.18% | View data |
| 9 | 9 Denmark | 745.68 | 2023 | +13.37% | +19.89% | View data |
| 10 | 10 Lithuania | 629 | 2023 | +2.62% | +2.36% | View data |
