In 2023, the US consumption of chromium products in superalloys manufacturing stood at around 5.3 thousand metric tons. Forecasts from 2024 indicate a declining trend with a year-on-year decrease: 2025 sees a -5.7% drop, followed by further decreases of -5.9% in 2026, -6.3% in 2027, and -6.7% in 2028. This results in a compound annual growth rate (CAGR) of approximately -7.2% from 2024 to 2028, indicating consistent contraction in demand.

Future trends to watch for:

Advancements in alternative materials that could reduce chromium consumption.
Regulatory changes or economic factors influencing superalloy production.
Potential resurgence in sectors utilizing chromium-heavy superalloys, like aerospace.