The forecast for lead usage in casting metals shows a consistent decline from 2024 onwards, as the figures decrease from 14.4 thousand metric tons in 2024 to 12.71 thousand metric tons by 2028. This indicates a compound annual growth rate (CAGR) of approximately -2.05% from 2024 to 2028. Comparatively, there’s a steady reduction year-on-year with the percentage decrease being relatively uniform over each successive year. This reflects a downward trend in demand or utilization efficiency improvements in the casting industry.
Future trends to watch for include advancements in alternative materials for casting, potential regulatory changes impacting lead usage, and shifts in automotive and construction industries that traditionally drive lead consumption. Monitoring these factors will be key to understanding further market dynamics and adjustments in the forecast.
