In 2024, Germany leads the European Chemical and Petrochemical sector with the highest final consumption of heat at 30.19 gigawatt-hours (GWh), although it experienced a slight year-on-year decrease of 0.51% in 2023. Following Germany, the Netherlands (15.04 GWh) showed a moderate growth of 0.77%, and France (12.19 GWh) saw a significant increase of 4.21%. Ukraine (8.71 GWh) and Poland (4.18 GWh) showcased robust growth rates of 8.04% and 8.15%, respectively. In contrast, Italy experienced a notable decline of 8.05%, and the United Kingdom saw a reduction of 6.12%.
Other countries with notable year-on-year variations include Moldova with a staggering increase of 38.69%, and Croatia at 21.41%. Latvia demonstrated a notable 17.01% rise, while Finland and Slovakia experienced modest declines of 0.95% and 1.16%, respectively. Smaller nations like Luxembourg and Estonia exhibited minor variations, with Luxembourg showing a 3.9% growth.
Future trends to watch in the European Chemical and Petrochemical sector include the potential for increased heat consumption due to rapid industrial growth in Eastern Europe, advancements in energy efficiency technologies, and the impact of environmental regulations driving shifts towards more sustainable energy sources. Additionally, geopolitical shifts and economic policies will play critical roles in shaping heat consumption patterns across the region.
Top countries in Chemical and Petrochemical Sector Final Consumption of Heat Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.19 | 2023 | +1.81% | -0.51% | View data |
| 2 | 2 Netherlands | 15.04 | 2023 | -0.95% | +0.77% | View data |
| 3 | 3 France | 12.19 | 2023 | +7.16% | +4.21% | View data |
| 4 | 4 Ukraine | 8.71 | 2023 | +0.0082% | +8.04% | View data |
| 5 | 5 Italy | 7.62 | 2023 | +0.0074% | -8.05% | View data |
| 6 | 6 Poland | 4.18 | 2023 | +2.11% | +8.15% | View data |
| 7 | 7 Hungary | 3.42 | 2023 | +2.12% | +4.22% | View data |
| 8 | 8 Belgium | 3.38 | 2023 | +0.27% | +0.74% | View data |
| 9 | 9 Finland | 3.07 | 2023 | +1.91% | -0.95% | View data |
| 10 | 10 Sweden | 2.42 | 2023 | +28.23% | View data |