Global Secondary Aluminum Alloy Market TOC
Secondary Aluminum Alloy Market size was over USD 90.89 Billion in 2023 and is likely to cross USD 175.68 Billion by the end of 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of secondary aluminum alloy is estimated at USD 95.14 Billion. The market for secondary aluminum alloys is expanding quicker due to rising demand for ecologically friendly and environmentally-friendly goods, increased knowledge of the numerous advantages of recycling, and the cost-effectiveness of employing recycled aluminum.
Globally, increasing industrialization has resulted in increased urbanization and economic development. Because of rising industrialization, there is a demand for industrial secondary aluminum alloy for a wide range of purposes, including building and construction. Furthermore, rising GDP in the major countries boosts spending power or capacity on specific things. This, in turn, is simultaneously propelling secondary aluminum alloy requirements which are driving the market positively.
Author Credits: Rajrani Baghel
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