In 2023, the chemical and petrochemical sector's final consumption of renewables and biofuels in Germany was 84.15 Thousand Tonnes of Oil Equivalent. From this baseline, forecasts indicate a consistent upward trend, with consumption expected to reach 93.96 Thousand Tonnes by 2028. Year-on-year variations show growth rates around 2.35% in 2024 to 2.10% in 2028. The compound annual growth rate over the forecasted five-year period is approximately 2.17%, signifying steady growth in renewable adoption within the sector.
Future trends to watch for:
- Technological advancements enhancing biofuel efficiency.
- Policy developments promoting renewable energy usage.
- Potential supply chain adjustments with geopolitical impacts.
