The consumption of solid fossil fuels in France's chemical and petrochemical sectors is projected to decline steadily over the next five years, from 307.11 thousand tonnes of oil equivalent in 2024 to 284.52 in 2028. From 2024 to 2025, the consumption is expected to decrease by approximately 1.87%. Year-on-year declines continue, with a 1.88% decrease in 2025-2026, 1.90% in 2026-2027, and 1.91% in 2027-2028. Over the five-year period from 2024 to 2028, the CAGR for this sector's final consumption of solid fossil fuels is about -1.89%.
Future trends to watch include technological advancements in the chemical industry, which may facilitate the shift towards cleaner energy sources. Additionally, regulatory pressure and evolving environmental policies in France and the European Union could accelerate the decline in solid fossil fuels consumption, pushing industries towards more sustainable practices. Monitoring the pace of these transitions will be crucial for predicting future market dynamics.
