The US consumption of high-carbon ferromanganese in manufacturing is forecasted to grow steadily from 246.1 thousand metric tons in 2024 to 259.62 thousand metric tons in 2028. The year-on-year percentage growth rates from 2024 to 2028 are 1.42%, 1.37%, 1.32%, and 1.28% respectively, indicating a gradual deceleration. The Compound Annual Growth Rate (CAGR) over this forecasted period is approximately 1.35%. In 2023, the actual consumption was 242.7 thousand metric tons.
Future trends to watch for include potential technological advancements in manufacturing that could alter manganese needs, policy changes focusing on green manufacturing that might impact demand, and global economic conditions influencing US industrial output levels.
