Forecast: Share in Total Domestic Material Consumption of Metals in India

The share of metals in India's total domestic material consumption was at [X]% in 2023. From 2024 to 2028, this share is projected to grow steadily from 3.41% to 3.56%. Year-on-year variations highlight modest increases: 2024-2025 shows a 1.17% rise, 2025-2026 a 0.87% increase, 2026-2027 a 1.15% growth, and finally, a 1.14% uplift from 2027 to 2028. The five-year compound annual growth rate (CAGR) thus averages approximately 1.10%.

Future trends to watch for:

  • Increased industrial and infrastructural activities may raise metal consumption.
  • Technological advancements could enhance material efficiency, influencing consumption percentages.
  • Policies on sustainable materials and recycling could alter future consumption patterns.

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