In 2023, the final consumption of petroleum coke in the UK's industry stood at approximately 7.45 thousand terajoules. From 2024 to 2028, forecasts indicate a steady increase in consumption, rising to 7.8 thousand terajoules by 2028. This represents an average annual growth rate (CAGR) of approximately 0.9% over this period. Year-on-year variations suggest a consistent incremental increase annually, reflecting moderate but stable growth in petroleum coke usage within the industry.
Future trends to watch for include potential shifts in energy policies favoring cleaner energy sources, which may impact petroleum coke consumption. Additionally, technological advancements and efficiency improvements could alter industrial demand dynamics.
