The consumption of ingot mold and stool scrap in the US is projected to decrease steadily from 2024 to 2028, as the values drop from 59.57 to 42.25 Thousand Metric Tons. Compared to 2023, this forecast indicates a continued decline. Between 2024 and 2025, usage declines by 7.48%, with further reductions of 7.95% in 2026, 8.44% in 2027, and 9.03% in 2028. The Compound Annual Growth Rate (CAGR) over this period exhibits a downward trend.
Future trends to watch for include:
- Technological advancements in recycling and scrap processing.
- Changes in industrial demand driven by environmental policies.
- Developments in alternative materials impacting usage patterns.
