In 2023, Chromium content used in superalloys manufacturing in the US stood at 4.41 thousand metric tons. Forecasts indicate a declining trend, with values dropping from 4.22 in 2024 to 3.50 by 2028. The year-over-year decreases are projected at -4.5% from 2024 to 2025, -4.5% from 2025 to 2026, -4.7% from 2026 to 2027, and -4.6% from 2027 to 2028. Over the five years ending in 2028, the Compound Annual Growth Rate (CAGR) is estimated at -4.2%, indicating a consistent reduction in chromium consumption in this sector.
Future trends to watch for include:
- Technological advancements influencing superalloy compositions.
- Shifts in the aerospace and automotive industries affecting demand for superalloys.
- Regulatory changes impacting the use of chromium in manufacturing.
- Alternative materials and recycling advancements reducing chromium dependency.
