The US Secondary Smelting and Alloying of Aluminum industry's gross output was valued at approximately 6.85 billion USD in 2023. The forecast from 2024 to 2028 indicates a steady growth, rising from 6.93 billion USD in 2024 to 7.25 billion USD in 2028. This reflects a consistent annual increase in the industry’s gross output, with year-on-year growth percentages averaging around 1.16%. The compound annual growth rate (CAGR) for this period is approximately 0.99%.
Future trends to watch for include:
- Technological advancements in recycling and smelting processes which may improve efficiency and output.
- Regulatory changes that could impact the environmental aspects of aluminum smelting and alloying.
- Fluctuations in global demand for aluminum, affecting production and pricing strategies.
- Supply chain dynamics, especially in sourcing raw materials and energy prices.
