In 2023, Silicon Carbide consumption in US cast irons was at a certain baseline level, with consumption values forecasted to decrease incrementally from 2024 through 2028. The year-on-year decrease begins with a reduction of 3.4% in 2025, continuing progressively to 2028, with a Compound Annual Growth Rate (CAGR) reflecting an average reduction of approximately 3.7% per year over five years.

Future trends to watch for include:

Technological innovations in metallurgy that might impact Silicon Carbide usage in cast iron production.
Market shifts towards alternative materials due to cost or performance improvements.
Environmental policies that could affect production methods and material choices leading to changes in demand.