The sales forecast for Liquefied Refinery Gases (Aliphatics) in the US shows a consistent downward trend from 2024 through 2028, with values starting at approximately $6.18 billion in 2024 and decreasing to $3.89 billion by 2028. This represents a year-on-year decrease with an average annual decline (CAGR) of approximately 10% over the five-year period. In comparison, the actual value in 2023 stood higher than in 2024, indicating a turn in market dynamics.
Future trends to watch include:
- Impact of regulatory changes focused on reducing emissions from refinery operations.
- Shifts in consumer demand towards more sustainable energy sources.
- Technological advancements in refining processes that may affect production efficiency.
- Global economic factors influencing energy prices and trade dynamics.
