Forecast: Chemical and Petrochemical Sector Final Consumption of Biogases in France

The Chemical and Petrochemical Sector's final consumption of biogases in France has experienced significant fluctuations over the years, peaking notably in 2020 with 430.22 Terajoules. In 2023, the value stood at 391.24 Terajoules, reflecting a 16.43% year-on-year increase from 2022. Over the last two years, the sector saw substantial growth, with an average annual growth rate (CAGR) of 45.71% from 2018 to 2023.

Key trends leading up to 2023 show a remarkable increase from 13.32 Terajoules in 2013 to 391.24 Terajoules in 2023, driven by technological advancements, increased environmental regulations, and a shift towards renewable energy sources. Fluctuations in the earlier years were followed by a steady growth trajectory starting 2019. The forecasted data suggest a continued upward trend with an 8.15% average annual growth rate (CAGR) from 2024 to 2028, reaching 659.76 Terajoules by 2028.

Future trends to watch include the impact of evolving environmental policies, technological advancements in biogas production, and the sector’s response to global energy market changes. Regulatory support and investment in renewable energy infrastructure will likely be pivotal in shaping the sector's future consumption patterns.