The chemical and petrochemical sector in the UK shows a forecasted decline in the final consumption of heat from 2024 to 2028 with a starting point at 6.85 thousand terajoules in 2024, decreasing to 4.81 by 2028. Compared to the previous year, 2023, the consumption stood higher, indicating a consistent annual reduction. Year-on-year, the reductions from 2024 to 2028 suggest a trend towards a significant decrease, with an estimated annual decline in this 5-year period reflecting a CAGR of approximately -8.5%.

Future trends to watch for include:

Technological advancements and energy efficiency improvements potentially accelerating this downward trend.
Policy changes directed at reducing carbon emissions influencing heat consumption.
Market shifts within the chemical and petrochemical industries that could impact heat demand patterns.