In 2023, the consumption of purchased aluminum old scrap by other consumers in the US was approximately 781.00 thousand metric tons. In the forecast period from 2024 to 2028, consumption shows a steady upward trend with projected values increasing from 800.34 to 875.13 thousand metric tons. Year-on-year growth rates suggest a consistent increase, reflecting rising demand or broader industrial use. The compound annual growth rate (CAGR) over this five-year span is indicative of a moderate upward trajectory, averaging around 2.3% per year.
Future trends to watch for include advancements in recycling technologies improving aluminum scrap recovery and sustainability initiatives driving increased consumption in industries focused on reducing carbon footprint. Market dynamics may also be influenced by economic conditions and government policies aimed at bolstering domestic manufacturing sectors.
