In 2024, the forecasted consumption of purchased aluminum old scrap wrought products at other consumers in the US is 233.87 thousand metric tons, a noticeable increase from the observed levels in 2023. The expected year-on-year growth from 2024 to 2025 is approximately 2.24%. Subsequent years continue this trend, with 2026 witnessing a 2.17% increase, 2027 a 2.10% uplift, and 2028 achieving a rise of about 2.04%. Over the five-year period, the compound annual growth rate (CAGR) indicates a steady average annual growth in consumption.
Future trends to watch for:
- The impact of evolving recycling technologies on aluminum scrap usage rates.
- Potential policy changes that could either hinder or support the aluminum recycling industry.
- Fluctuations in global aluminum demand which may influence domestic scrap consumption.
