In 2023, electricity final consumption in Germany's chemical and petrochemical sectors stood at 191.85 thousand terajoules. The forecast from 2024 to 2028 shows a slight but steady increase in consumption, reaching 192.79 thousand terajoules by 2028. The year-on-year percentage variations are minimal, indicating a stable consumption pattern with marginal growth. The Compound Annual Growth Rate (CAGR) over the coming five years is anticipated to be very low, underscoring the sector's moderate expansion and stable demand for electricity.
Future trends to watch for include:
- Advancements in energy-efficient technologies that may impact electricity consumption.
- Shifts in regulatory policies or environmental standards affecting energy use.
- Changes in production processes within the chemical and petrochemical industries toward lower energy intensity.
- Potential impacts of geopolitical or economic factors on global supply chains and energy consumption patterns.