The forecast for purchased aluminum old scrap extrusions at US secondary smelters shows a steady upward trend from 2024 to 2028. Starting at 206.23 thousand metric tons in 2024, consumption is projected to grow by approximately 5.9% annually, reaching 254.35 thousand metric tons in 2028. In the prior year, 2023, consumption stood at 194 thousand metric tons, reflecting an increasing demand trend for recycled aluminum.
Key variations over the forecast period indicate a growing commitment to sustainability and efficient resource management in the aluminum industry:
- Year-on-year consumption is set to increase consistently, emphasizing an ongoing emphasis on recycling practices.
- CAGR over the five years is expected to stabilize around 5.9%, highlighting continued growth momentum.
Future trends to watch for include technological advancements in recycling processes, shifts in regulatory practices supporting recycled materials, and potential fluctuations in the automotive and construction sectors driving demand for aluminum extrusions. Additionally, monitoring international trade policies and their impact on aluminum markets will be crucial.
