The forecast for the production of aluminum alloys through sand and permanent mold in the US indicates a steady growth trend from 2024 to 2028. The production is forecasted to rise from 60.48 thousand metric tons in 2024 to 72.27 thousand metric tons by 2028, reflecting a consistent annual increase. The year-on-year growth rates for 2025, 2026, 2027, and 2028 are approximately 5.0%, 4.7%, 4.4%, and 4.1%, respectively, showcasing a slight deceleration in growth. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 4.5%.
Future trends to watch include potential technological advancements in production processes, fluctuating demand from key industries such as automotive and aerospace, and shifts in international trade policies that may influence supply chain dynamics. Environmental regulations and sustainability initiatives could also impact the production landscape of aluminum alloys significantly. Additionally, rising competition from alternative materials may affect the market growth trajectory.
