The number of enterprises in the UK's refined petroleum products sector is forecasted to decline from 85 in 2024 to 75 by 2028. This represents a year-on-year decrease of approximately 2.35% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is around -3.05%, indicating a steady decline in the sector.
Future trends to watch for include potential impacts from environmental regulations, shifts towards renewable energy, and technological innovations aimed at reducing production costs or enhancing efficiency. These factors could further influence the number of enterprises in this sector.
