The turnover for Nonferrous Metal Foundries (Except Die-Casting) in the US is projected to gradually decline from $1.7666 billion in 2024 to $1.6701 billion in 2028. The year-on-year decrease from 2024 to 2025 is 1.4%, from 2025 to 2026 is 1.4%, from 2026 to 2027 is 1.4%, and from 2027 to 2028 is 1.4%. The Compound Annual Growth Rate (CAGR) between 2024 and 2028 is expected to be -1.4% annually. The actual turnover for 2023 was higher than these forecast values, indicating a declining trend.

Future trends to watch for:

Technological advancements could lead to more efficient production processes.
Shifts towards sustainable practices may impact cost structures and demand.
Global economic conditions influencing commodity prices and trade policies.
Developments in alternative materials which might affect demand for nonferrous metals.