In 2023, ferroboron consumption in carbon and high-strength low-alloy manufacturing in the US was below the 2024 forecast of 200.2 metric tons. The projected data from 2024 to 2028 shows a declining trend in consumption. Year-on-year, the consumption decreases from 200.2 metric tons in 2024 to 134.72 metric tons in 2028. Notably, the reduction is quite consistent, with a significant drop of approximately 8-10% per year signifying a shift in industry demand or potential material substitution.
Future trends to watch for include the adoption of alternative materials, technological advancements reducing the need for ferroboron, and changes in policies related to carbon emissions and sustainability that may further affect consumption patterns.
