In 2023, the consumption of lead used for ammunition, shot, and bullets in the US was XXX.X thousand metric tons. Over the following years, from 2024 to 2028, forecasts show a modest upward trend with consistent year-on-year increases. Specifically, there are year-on-year percentage increases of approximately 1.72% in 2025 from 2024, 1.64% in 2026, 1.60% in 2027, and 1.54% in 2028. The cumulative annual growth rate (CAGR) over these five years is projected to be around 1.62%, indicating stable growth within the market.
Future trends to watch for:
- Technological advancements in ammunition production that may reduce lead usage.
- Regulatory changes influencing lead use due to environmental or health concerns.
- Potential shifts in demand driven by changes in defense and recreational shooting activities.