Global Low-carbon Aluminum Market is experiencing transformative growth as industries worldwide prioritize sustainability. Valued at USD 64.1 billion in 2023, the market is projected to expand at a CAGR of 7.2%
Global Low-carbon Aluminum Market is experiencing transformative growth as industries worldwide prioritize sustainability. Valued at USD 64.1 billion in 2023, the market is projected to expand at a CAGR of 7.2%, reaching USD 119.84 billion by 2032. This surge is driven by stringent environmental regulations and increasing demand from the automotive and construction sectors seeking eco-friendly materials.
Low-carbon aluminum – defined as aluminum produced with a carbon footprint below 4 tons of CO2 per ton of metal – has become pivotal in achieving net-zero goals. Major producers are rapidly transitioning to renewable energy and innovative smelting technologies to meet aerospace manufacturers' and EV makers' sustainability commitments.
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