The forecast for stocks of purchased aluminum new scrap at other consumers in the US shows a consistent upward trend from 2024 to 2028, starting at 279.37 thousand metric tons in 2024 and expected to reach 470.13 thousand metric tons by 2028. Given that the 2023 value is not specified, comparative analysis focuses on year-on-year growth estimates, projecting substantial increases: 17.36% in 2025, 14.62% in 2026, 12.60% in 2027, and 11.11% in 2028, with a compound annual growth rate (CAGR) of approximately 13.58% over the forecast period.
Future trends to watch for include:
- Shifts in aluminum recycling efficiencies and technology advancements that could impact supply and demand dynamics.
- Economic factors influencing the manufacturing sector and the automotive industry, significant consumers of aluminum.
- Environmental regulations and sustainability initiatives that may drive an increased demand for recycled aluminum scrap.