The consumption of purchased aluminum old scrap castings at secondary smelters in the US shows a forecasted decline, moving from 159.38 thousand metric tons in 2024 to 151.02 thousand metric tons by 2028. Observing year-on-year variation, the trends reflect a consistent average decrease of approximately 1.3% annually. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a steady downward trend, reflecting industry's potential challenges and possibly market saturation or increased recycling efficiency.
Future trends to watch for:
- Shift in demand due to technological advancements.
- Environmental regulations impacting scrap supply chain.
- Emerging markets' influence on scrap availability.
- Developments in sustainable recycling technologies.
