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industrial demand by ind chart

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Industrial demand fuels economic activity

  • Industrial activity spurs economic growth while meeting consumer demand for buildings, roads, durable goods, etc.
  • Almost half of the world’s energy is dedicated to industry
  • Industrial energy demand will rise by about 25 percent 2015-2040; the chemicals sector sees the highest growth 
  • Efficiency improvements in industrial processes moderate energy demand growth 
  • Energy industry demand is linked to trends in production of oil, gas and coal 
  • Other (agriculture, asphalt, lubricants) grows modestly

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