In 2023, the consumption of purchased aluminum new scrap wrought sheet and clippings in the US stood at an estimated value of 540.5 thousand metric tons. From 2024 to 2028, the forecast indicates a consistent growth pattern, with year-on-year increases fluctuating around 4% to 4.5%. The compound annual growth rate (CAGR) for these years is approximately 3.80%, reflecting a stable upward trend in aluminum scrap consumption over the period.

Future trends to watch for:

Technological advancements improving recycling efficiency, potentially influencing demand.
Environmental policies impacting scrap usage and promoting sustainable practices.
Fluctuations in aluminum prices affecting scrap consumption rates.
Economic factors such as construction and manufacturing growth, which are key contributors to aluminum scrap demand.