The consumption of lead in alloys in Ohio and Pennsylvania is set to increase steadily from 2024 to 2028. Starting at 139.86 thousand metric tons in 2024, the forecasted year-on-year growth rates are approximately 3.27% in 2025, 3.09% in 2026, 2.94% in 2027, and 2.80% in 2028. This steady increase results in a five-year compound annual growth rate of approximately 3.02%. In 2023, the actual value stood lower, indicative of a positive uptick forecasted over the coming years.
Future trends to watch for include:
- The impact of environmental regulations, which might affect production and consumption patterns.
- Technological advancements in alternative materials that may affect lead alloy usage.
- Economic fluctuations and industrial activity in Ohio and Pennsylvania influencing demand.
