In 2023, the share of metals in the total domestic material consumption in the US stood at an approximate value of 8.2%. The forecast from 2024 to 2028 indicates a gradual decline in the percentage share of metals from 8.18% in 2024 to 8.03% in 2028. The year-on-year variations showcase a slight consistent drop, averaging a decrease of about 0.5% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a minor contraction in metal consumption share.
Future trends to monitor include technological advancements in recycling and sustainable materials as they may influence metal consumption. Additionally, shifts in manufacturing industries and policies on material usage could further impact these projections.
