The forecast indicates a steady increase in solid fossil fuels consumption in Italy's chemical and petrochemical sectors from 2024 through 2028. The recorded figures show a gradual rise from 1.01 to 1.09 thousand tonnes of oil equivalent, suggesting a positive growth trajectory. As of 2023, consumption stood at 0.98. Year-on-year growth from 2024 to 2028 is modest but consistent, averaging a growth just under 2%. The compound annual growth rate (CAGR) over these years points to a stable increase, reinforcing the sector's reliance on solid fossil fuels.
Future trends to watch for include:
- Potential impact of regulatory policies targeting carbon emissions reduction that may influence solid fossil fuels usage.
- Technological advancements that could drive efficiencies and alter energy consumption patterns in these sectors.
- Global economic factors that could affect the demand for chemical and petrochemical products, influencing fossil fuel consumption.