The production of Aluminum Alloys: Sand and Permanent Mold, Al-Si Alloys (0.6% to 2.0% Cu) in the US has experienced a significant decline from 2018 through 2022. Starting at 1.29 thousand metric tons in 2018, there has been a consistent drop to 0.187 thousand metric tons by 2022. This represents a steep year-on-year decline, with a cumulative average decline rate (CAGR) over the five years preceding 2023.
Future trends to watch for include:
- Potential stabilization in demand due to shifts in lightweight automotive parts production.
- Technological advancements in alloy production that may enhance cost-effectiveness.
- Government policies promoting domestic manufacturing could support the industry.