In 2023, the net receipts of purchased aluminum old scrap at other consumers in the US stood at 865.5 thousand metric tons. From 2024 to 2028, an upward trend is projected with annual increases: 2.35% in 2024, 2.35% in 2025, 2.27% in 2026, and 2.20% in 2027. A compound annual growth rate (CAGR) of 2.32% over these five years reflects sustained demand growth in the aluminum scrap market. The overall increase signals an ongoing shift towards recycled materials due to environmental concerns and operational cost savings.
Future trends to watch for:
- Policy changes related to recycling and waste management
- Technological advancements in scrap processing
- Fluctuations in primary aluminum prices affecting scrap demand
