In 2023, the consumption of hardeners and master alloys in the US stood at approximately 6.70 thousand metric tons. In 2024, the forecasted consumption is expected to grow to 6.85 thousand metric tons, marking an increase of 2.24% from the previous year. For subsequent years, steady growth is anticipated with consumption reaching 7.51 thousand metric tons by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 2.33% annually.

Future trends to watch for in this industry include:

Technological advancements in alloy production that may lead to more efficient use of hardeners.
Potential regulatory changes affecting the metal industry and alloy compositions.
Shifts in global supply chains that could impact availability and pricing of raw materials.