Metalworking Sector’s Net Zero Goals in SEA Through Hydrogen and LNG
Embracing sustainable metalworking: learn how to unlock economic advantages and market potential in Southeast Asia from Nikhil Kaitwade from Future Market Insights.
The metalworking sector holds a vital position in the economic landscape of Southeast Asia. It includes a broad range of sectors, such as manufacturing, building, automotive, and aerospace, and it considerably boosts the region’s employment and GDP.
The metalworking industry places a significant focus on industrialisation and economic expansion, acts as the foundation for numerous value chains by delivering essential materials and components. Its significance is not emphasised since it is essential to promoting regional integration and accelerating economic growth.
The sector’s energy-intensive operations, reliance on fossil fuels, and carbon-intensive processes have significant environmental implications. As global consciousness towards sustainability increases, there is a pressing need to shift towards greener practices that minimise resource consumption reduce emissions, and mitigate the metalworking sector’s environmental impact.
Transitioning to sustainable alternatives is not just a moral obligation, but also a strategic move to ensure long-term competitiveness
and resilience.
Southeast Asian Metalworking Sector’s Current Landscape
The metalworking sector is a key pillar of the Southeast Asian economy, contributing significantly to GDP and employment. It serves as a vital link in the value chains of various industries, providing essential components and materials.
The sector’s economic significance extends beyond its direct contributions, as it also drives the growth of related industries and stimulates innovation and technological advancement. The metalworking sector’s performance and competitiveness are closely intertwined with the region’s overall economic development.
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