In 2023, Illinois' lead consumption was estimated at 26.9 thousand metric tons. According to forecasts, consumption will decline year-on-year from 2024 to 2028, decreasing from 26.15 to 23.05 thousand metric tons. The annual percentage reduction is approximately 3% to 4%. The compound annual growth rate (CAGR) over the five-year period demonstrates an average yearly decline of around 3.7%.
Future trends to watch for:
- Impact of stricter environmental regulations on lead use.
- Advancements in lead-free technology and alternative materials.
- Fluctuations in the automotive and construction industries affecting demand.
