Green Aluminum Market Size, Share, and Growth By 2030

Global Green Aluminum Market Research Report: Forecast (2024-2030)

Green Aluminum Market Report - By Method (Renewable Electricity, Recycled Aluminum), By End Users (Automotive, Construction, Electronics) and Others ... Read more

Energy
May 2024
Pages 183
Report Format: PDF, Excel, PPT

Market Definition

The carbon emissions generated by less than 4 tons per ton of Aluminum during the production process are termed low-carbon Aluminum or green Aluminum. The major two methods adopted by the original equipment manufacturers (OEMs) across the globe have been either recycling scrap and extracting Aluminum or the use of renewable electricity throughout the smelting process of Aluminum.

Market Insights & Analysis: Global Green Aluminum Market (2024-30):

The Global Green Aluminum Market size is estimated to grow at a CAGR of around 37.85% during the forecast period, i.e., 2024-30. The market growth is attributed to soaring direct carbon emissions from the production of aluminum globally and the initiatives to curb them. As per the International Energy Agency, in 2022, nearly 270 million tons of direct carbon emissions were recorded from the aluminum production industry, which translates to about 3% of the world’s direct industrial carbon emissions. This indicates the crucial need for decarbonizing the aluminum industry at the fastest pace possible.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	37.85%
Regions Covered	North America
	Europe
	Asia-Pacific
	Rest of the World
Key Companies Profiled	Norsk Hydro, Rusal, Emirates Global Aluminium, Centuary Aluminum, Vedanta Aluminium, EN+ Group, China Hongqiao Group Limited, Alcoa Corporation, Capral Limited, Constellium, Reynaers Aluminium, Granges, Nanshan America, Rio Tinto, CBA, South32, PT Indonesia Asahan Aluminium, Novelis, Hammerer Aluminium Industries, Other
Unit Denominations	USD Million/Billion

Moreover, since the market in the current period is still in its infancy stage, the major development in the market is the feasibility of producing green aluminum. Nonetheless, the aluminum companies, along with the support of governments, are conducting research & development for the enhancement of the low-carbon aluminum production process. Additionally, the important characteristics of aluminum, such as being lightweight, ductile, easy to fabricate, superior strength, infinite recyclability, etc., make it useful in numerous industries as a critical raw material. It is also the most used metal, after steel, around the world.

Hence, the inclination of the original equipment manufacturers (OEMs) across the globe to clean & decarbonize their overall supply chain has been pushing the aluminum manufacturers to develop technologies and methods that would produce low-carbon aluminum, which is estimated to augment the size & volume of the Global Green Aluminum Market during the forecast period.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Aluminium Industry Outlook, 2023
1. Production vs Consumption (Million Tons)
2. Key End Users & their Consumption Pattern
3. Major Players involved in the Production of Aluminium
Global Aluminium to Green Aluminium Development Timeline, 2020-2050
Global Green Aluminium Demand and Supply Analysis, 2023
Global Green Aluminium Value Chain Analysis
Green Aluminium Emission Reduction Technology Comparative Analysis
1. By Potential Technology
2. By Emission Sources
3. By Cost
4. By Advantages
5. By Disadvantages
6. Others
Global Green Aluminium Market Standards, Regulations, and Policies
Global Green Aluminium Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis (Short Term, Medium Term, Long Term)
Global Green Aluminum Market Outlook, 2024-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Method
    1. Renewable Electricity– Market Size & Forecast 2024-2030F (Thousand Tons)
    2. Recycled Aluminum– Market Size & Forecast 2024-2030F (Thousand Tons)
  2. By End Users
    1. Automotive– Market Size & Forecast 2024-2030F (Thousand Tons)
    2. Construction– Market Size & Forecast 2024-2030F (Thousand Tons)
    3. Electronics– Market Size & Forecast 2024-2030F (Thousand Tons)
    4. Others (Cans & Packaging, Aerospace, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons)
  3. By Source of Energy
    1. Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
    2. Hydro– Market Size & Forecast 2024-2030F (Thousand Tons)
    3. Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
    4. Recycled – Market Size & Forecast 2024-2030F (Thousand Tons)
    5. Others (Carbon Capture Storage, etc)
  4. By Region
    1. North America
    2. Europe
    3. Asia-Pacific
    4. Rest of the World
  5. By Competitors
    1. Competition Characteristics
    2. Recent Developments by Leading Players
      1. By Initiatives
      2. By Investments
      3. Others
North America Green Aluminum Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Method- Market Size & Forecast 2019-2030Thousand Tons
  2. By End Users- Market Size & Forecast 2019-2030Thousand Tons
  3. By Source of Energy- Market Size & Forecast 2019-2030Thousand Tons
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
4. Canada Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
5. Mexico Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
South America Green Aluminum Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Method- Market Size & Forecast 2019-2030Thousand Tons
  2. By End Users- Market Size & Forecast 2019-2030Thousand Tons
  3. By Source of Energy- Market Size & Forecast 2019-2030Thousand Tons
  4. By Country
    1. Brazil
    2. Argentina
3. Brazil Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
4. Argentina Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
Europe Middle East & Africa (EMEA) Green Aluminum Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Method- Market Size & Forecast 2019-2030Thousand Tons
  2. By End Users- Market Size & Forecast 2019-2030Thousand Tons
  3. By Source of Energy- Market Size & Forecast 2019-2030Thousand Tons
  4. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Russia
    7. Middle East
    8. Africa
    9. Rest of EMEA
3. The UK Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
4. Germany Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
5. France Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
6. Italy Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
7. Spain Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
8. Russia Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
9. Middle East Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
10. Africa Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
Asia Pacific (APAC) Green Aluminum Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Method- Market Size & Forecast 2019-2030Thousand Tons
  2. By End Users- Market Size & Forecast 2019-2030Thousand Tons
  3. By Source of Energy- Market Size & Forecast 2019-2030Thousand Tons
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Southeast Asia
    6. Rest of APAC
3. China Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
4. India Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
5. Japan Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
6. South Korea Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
7. Southeast Asia Green Aluminum Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Method- Market Size & Forecast 2019-2030 Thousand Tons
    2. By End Users- Market Size & Forecast 2019-2030 Thousand Tons
    3. By Source of Energy- Market Size & Forecast 2019-2030, Thousand Tons
Global Green Aluminium Market Key Strategic Imperatives for Success & Growth
Global Green Aluminium Key Stakeholders & Competition Alignment
1. Company Profiles
  1. Norsk Hydro
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Rusal
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Emirates Global Aluminium
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Centuary Aluminum
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Vedanta Aluminium
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. EN+ Group
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. China Hongqiao Group Limited
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Alcoa Corporation
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Capral Limited
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Constellium
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Reynaers Aluminium
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Granges
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Nanshan America
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Rio Tinto
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. CBA
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. South32
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  17. PT Indonesia Asahan Aluminium
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  18. Novelis
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  19. Hammerer Aluminium Industries
    1. Business Overview
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  20. Other Potential Players (Hindalco Aluminum, Rio Tinto, etc.)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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