The forecasted silicomanganese consumption in the US shows a steady year-on-year increase, growing from 188.95 thousand metric tons in 2024 to 203.04 thousand metric tons by 2028. This represents annual growth rates of around 2%, with a compound annual growth rate (CAGR) of approximately 1.8% over the five years.
To provide context, in 2023, the consumption was slightly lower, reflecting an upward trend in demand moving forward. Factors driving this increase likely include infrastructure development and the demands of various manufacturing industries that utilize silicomanganese in steel production.
Future trends to watch for include technological advancements in alternative materials, shifts in global trade policies that could impact supply chains, and economic factors influencing construction and industrial growth, which could all affect consumption levels.
