The forecast for net shipments of aluminum cast products in permanent and semipermanent mold in the US shows a consistent downward trend from 2024 to 2028. In 2023, the actual shipments recorded were approximately 478 thousand metric tons, indicating that the industry is expected to shrink gradually by around 1% year-on-year during the forecast period. Over the five-year forecast horizon, the cumulative average growth rate (CAGR) reflects a steady decline as well, showing the industry's gradual contraction.

Future trends to watch for include:

Technological advancements in production processes that might offset declining shipment volumes through efficiency gains.
Changes in downstream demand from key industries such as automotive and aerospace which may adjust forecasts.
Potential impact of regulatory changes targeting emissions and sustainability in manufacturing which could influence production and demand.