The consumption of purchased aluminum new scrap castings at other consumers in the US is anticipated to decline significantly from 2024 to 2028. The forecasted data shows a steady decrease from 6.87 thousand metric tons in 2024 to a mere 0.096 thousand metric tons in 2028, representing an acute downward trend. Year-on-year, this is a downward variation as follows: 25.04% (2025 from 2024), 33.01% (2026 from 2025), 49.01% (2027 from 2026), and 94.55% (2028 from 2027). The compound annual growth rate (CAGR) for this period is -75.4%.
Future trends to watch for: Analysts should monitor changes in regulatory policies regarding recycling and environmental sustainability. Technological advances in alternative materials could further impact aluminum scrap consumption. Additionally, shifts in demand from key industries such as automotive and construction could influence future consumption rates significantly.
