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Low-Carbon Aluminum Market

Low-Carbon Aluminum Market Size, Share & Trends Analysis Report by End-User (Transportation, Building & Construction, Electrical Industry, Consumer Goods, Foil & Packaging, Machinery & Equipment), Source Of Production (Solar Energy, Wind Energy, Hydro Energy, Recycling, Carbon Capture And Storage (CCS)), And Product (Flat-Rolled Castings, Extrusion, Forgings, Rod And Bar), Region And Segment Forecasts, 2023-2031

Report ID : 1861 | Published : 2023-07-19 | Pages: 180 | Format: PDF/EXCEL

The Global Low-Carbon Aluminum Market Size is valued at 84.08 billion in 2022 and is predicted to reach 117.33 billion by the year 2031 at a 3.78% CAGR during the forecast period for 2023-2031.

Low-carbon aluminum is manufactured with much lower carbon emissions than typical processes. It entails using innovative technologies and adopting sustainable practices to lower the carbon footprint of aluminum production. In recent years, the low-carbon aluminum sector has received a lot of attention and has seen some interesting changes. Industries such as aluminum production are under pressure to reduce their environmental impact as the globe focuses on lowering carbon emissions and migrating to more sustainable practices.

Low-Carbon Aluminum Market

The growing worldwide awareness of climate change and the need for long-term solutions has increased demand for low-carbon aluminum goods. Automobile, construction, packaging, and aerospace industries are aggressively exploring environmentally friendly materials, such as low-carbon aluminum, to satisfy their sustainability goals.

However, the pandemic of COVID-19 has had a substantial influence on a variety of businesses, notably the low-carbon aluminum market. The epidemic disrupted worldwide supply systems, particularly those in the aluminum sector. Aluminum production and distribution were slowed as a result of lockdown measures, travel restrictions, and the temporary shutdown of manufacturing sites. These interruptions have an impact on the supply and delivery of low-carbon aluminum products.

 Competitive Landscape:

Some of the Low-carbon aluminum market players are:

  • Vedanta Aluminum and Power
  • Emirates Global Aluminium PJSC
  • Capral Limited
  • Rio Tinto
  • China Hongqiao Group Limited
  • EN+ Group
  • Century Aluminum Company
  • Norsk Hydro ASA
  • Alcoa Corporation
  • China Hongqiao Group Limited
  • South32
  • PT Indonesia Asahan Aluminium
  • EN+ Group
  • Century Aluminum Company
  • Emirates Global Aluminium PJSC
  • Norsk Hydro ASA
  • Constellium SE
  • Aluminium Dunkerque
  • Norsk Hydro ASA 

Market Segmentation:

The Low-carbon aluminum Market is segmented on the basis of end-user, source of production, and product. End-user segment includes transportation, building & construction, electrical industry, consumer goods, foil & packaging, machinery & equipment, and others. The source of production segment includes solar energy, wind energy, hydro energy, recycling, carbon capture and storage (CCS), and others. By product, the market is segmented into flat-rolled castings, extrusion, forgings, rod and bar, and others.

Based On End-User, The Transportation Segment Is Accounted As A Major Contributor In The Low-Carbon Aluminum Market

The transportation category is expected to hold a major share of the global Low-carbon aluminum Market in 2022. Transportation plays an essential role in the low-carbon aluminum market since it involves the movement of raw materials, completed goods, and various components throughout the supply chain. Companies in the low-carbon aluminum sector are working on adopting sustainable logistics practices to reduce the environmental impact of transportation. To reduce carbon emissions during transportation, optimize transportation routes, develop efficient loading and unloading operations, and use fuel-efficient vehicles.

The Recycling Segment Witnessed Growth At A Rapid Rate

The recycling segment is projected to develop at a rapid rate in the global Low-carbon aluminum market. Recycling is essential in the low-carbon aluminum market because it reduces energy usage, carbon emissions, and the requirement for primary aluminum manufacturing. Aluminum is extremely recyclable, and the closed-loop recycling system is a pillar of the low-carbon aluminum market. Aluminum scraps, such as post-consumer packaging, car parts, and construction debris, can be collected, sorted, and recycled to make secondary aluminum. When compared to primary aluminum manufacturing, this process uses much less energy, resulting in lower carbon emissions.

In The Region, Europe's Low-Carbon Aluminum Market Holds A Significant Revenue Share

Europe's Low-carbon aluminum Market is expected to register the most increased market share in terms of revenue shortly. The European low-carbon aluminum market has seen tremendous expansion and development in recent years. The region's sustainability activities enact a variety of rules and regulations to encourage low-carbon practices. The European Union (EU) has built a comprehensive regulatory framework to promote the low-carbon aluminium sector.

The EU's Circular Economy Action Plan and the Green Deal project both aim to encourage resource efficiency, waste reduction, and using recycled materials such as aluminum. The low-carbon aluminum industry in North America is expanding rapidly as sustainability and environmental concerns gain significance in the region.

Low-Carbon Aluminum Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 84.08 Bn

Revenue forecast in 2031

USD 116.28 Bn

Growth rate CAGR

CAGR of 3.78 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

End-User, Source Of Production, And Product

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Vedanta Aluminum and Power, Emirates Global Aluminium PJSC, Capral Limited, Rio Tinto, China Hongqiao Group Limited, EN+ Group, Century Aluminum Company, Norsk Hydro ASA, Alcoa Corporation, China Hongqiao Group Limited, South32, PT Indonesia Asahan Aluminium, EN+ Group, Century Aluminum Company, Emirates Global Aluminium PJSC, Norsk Hydro ASA, Constellium SE, Aluminium Dunkerque, Norsk Hydro ASA.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Low-Carbon Aluminum Market Snapshot

Chapter 4. Global Low-Carbon Aluminum Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Flat-Rolled
5.2.2. Castings
5.2.3. Extrusion
5.2.4. Forgings
5.2.5. Rod and Bar
5.2.6. Others

Chapter 6. Market Segmentation 2: by Source of Production Estimates & Trend Analysis
6.1. by Source of Production & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Source of Production:

6.2.1. Solar Energy
6.2.2. Wind Energy
6.2.3. Hydro Energy
6.2.4. Recycling
6.2.5. Carbon Capture and Storage (CCS)
6.2.6. Others

Chapter 7. Market Segmentation 3: by End-User Estimates & Trend Analysis
7.1. by End-User & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:

7.2.1. Transportation
7.2.2. Building and Construction
7.2.3. Electrical Industry
7.2.4. Consumer Goods
7.2.5. Foil and Packaging
7.2.6. Machinery and Equipment
7.2.7. Others

Chapter 8. Low-Carbon Aluminum Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.1.2. North America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Source of Production, 2023-2031
8.1.3. North America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-User, 2023-2031
8.1.4. North America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.2.2. Europe Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Source of Production, 2023-2031
8.2.3. Europe Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-User, 2023-2031
8.2.4. Europe Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.3.2. Asia Pacific Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Source of Production, 2023-2031
8.3.3. Asia-Pacific Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-User, 2023-2031
8.3.4. Asia Pacific Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.4.2. Latin America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Source of Production, 2023-2031
8.4.3. Latin America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-User, 2023-2031
8.4.4. Latin America Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.5.2. Middle East & Africa Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Source of Production, 2023-2031
8.5.3. Middle East & Africa Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-User, 2023-2031
8.5.4. Middle East & Africa Low-Carbon Aluminum Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. Vedanta Aluminum and Power
9.2.2. Emirates Global Aluminium PJSC
9.2.3. Capral Limited
9.2.4. Rio Tinto
9.2.5. China Hongqiao Group Limited
9.2.6. EN+ Group
9.2.7. Century Aluminum Company
9.2.8. Norsk Hydro ASA
9.2.9. Alcoa Corporation
9.2.10. China Hongqiao Group Limited
9.2.11. South32
9.2.12. PT Indonesia Asahan Aluminium
9.2.13. EN+ Group
9.2.14. Century Aluminum Company
9.2.15. Emirates Global Aluminium PJSC
9.2.16. Norsk Hydro ASA
9.2.17. Constellium SE
9.2.18. Aluminium Dunkerque
9.2.19. Norsk Hydro ASA
9.2.20. Other Prominent Players

Segmentation of Low-carbon Aluminum Market-

Low-carbon Aluminum Market By End-User-

  • Transportation
  • Building and Construction
  • Electrical Industry
  • Consumer Goods
  • Foil and Packaging
  • Machinery and Equipment
  • Others

Low-Carbon Aluminum Market

Low-carbon Aluminum Market By Source of Production-

  • Solar Energy
  • Wind Energy
  • Hydro Energy
  • Recycling
  • Carbon Capture and Storage (CCS)
  • Others

Low-carbon Aluminum Market By Product-

  • Flat-Rolled
  • Castings
  • Extrusion
  • Forgings
  • Rod and Bar
  • Others

Low-carbon Aluminum Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Low-Carbon Aluminum Market ?

Low-Carbon Aluminum Market expected to grow at a 3.78% CAGR during the forecast period for 2023-2031

Vedanta Aluminum and Power, Emirates Global Aluminium PJSC, Capral Limited, Rio Tinto, China Hongqiao Group Limited, EN+ Group, Century Aluminum Compa

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