A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increasing Investments in Low-Carbon Aluminum
1.1.1.2 Government Activities toward the Establishment of Low-carbon Infrastructure
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of Low-Carbon Aluminum Market
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the Low-Carbon Aluminum Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Attention of Governments toward Decarbonization of Core Contributing Commodities
1.2.1.2 Growing Research and Development Activities to Achieve Near Zero Emissions
1.2.2 Business Challenges
1.2.2.1 Lower Recycling Rates for Aluminum in Various Industries
1.2.2.2 Volatile Low-Carbon Aluminum Prices
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Partnerships and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Low-Carbon Aluminum in Niche Segments such as Ultra-Low-CO2 Grades
1.2.5.2 Climate Mitigation Initiatives to Increase Demand for Sustainably Sourced Aluminum
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2.1 Global Low-Carbon Aluminum Market (End User and Specifications)
2.1.1 Global Low-Carbon Aluminum Market (by End User)
2.1.1.1 Transportation
2.1.1.2 Building and Construction
2.1.1.3 Electrical Industry
2.1.1.4 Consumer Goods
2.1.1.5 Foil and Packaging
2.1.1.6 Machinery and Equipment
2.1.1.7 Others
2.2 Demand Analysis of Low-Carbon Aluminum Market (by End User), Volume and Value Data
3.1 Global Low-Carbon Aluminum Market (Source of Production and Specifications)
3.1.1 Global Low-Carbon Aluminum Market (by Source of Production)
3.1.1.1 Solar Energy
3.1.1.2 Wind Energy
3.1.1.3 Hydro Energy
3.1.1.4 Carbon Capture and Storage (CCS)
3.1.1.5 Recycling
3.1.1.6 Others
3.2 Demand Analysis of Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
3.3 Global Low-Carbon Aluminum Market (Products and Specifications)
3.3.1 Global Low-Carbon Aluminum Market (by Product)
3.3.1.1 Flat-Rolled
3.3.1.2 Castings
3.3.1.3 Extrusion
3.3.1.4 Forgings
3.3.1.5 Rod and Bar
3.3.1.6 Others
3.4 Demand Analysis of Low-Carbon Aluminum Market (by Product), Volume and Value Data
3.5 Product Benchmarking: Growth Rate - Market Share Matrix (by Product), by Value, 2021
3.6 Patent Analysis
3.7 Average Pricing Analysis: Global and Regional Level, Low-Carbon Aluminum
3.8 Embedded Carbon Emissions in Aluminum Production
3.9 Trade Analysis: Aluminum, 2019-2021
3.10 Key Operating Aluminum Plants, 2021
4.1 North America
4.1.1 Markets
4.1.1.1 Key Producers and Suppliers in North America:
4.1.1.2 Business Drivers
4.1.1.3 Business Challenges
4.1.2 Applications
4.1.2.1 North America Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.1.3 Products
4.1.3.1 North America Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.1.3.2 North America Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.1.4 North America (by Country)
4.1.4.1 U.S.
4.1.4.1.1 Markets
4.1.4.1.1.1 Buyer Attributes
4.1.4.1.1.2 Key Producers and Suppliers in the U.S.
4.1.4.1.1.3 Regulatory Landscape
4.1.4.1.1.4 Business Drivers
4.1.4.1.1.5 Business Challenges
4.1.4.1.2 Applications
4.1.4.1.2.1 U.S. Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.1.4.1.3 Products
4.1.4.1.3.1 U.S. Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.1.4.1.3.2 U.S. Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.1.4.2 Canada
4.1.4.2.1 Markets
4.1.4.2.1.1 Buyer Attributes
4.1.4.2.1.2 Key Producers and Suppliers in Canada:
4.1.4.2.1.3 Regulatory Landscape
4.1.4.2.1.4 Business Drivers
4.1.4.2.1.5 Business Challenges
4.1.4.2.2 Applications
4.1.4.2.2.1 Canada Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.1.4.2.3 Products
4.1.4.2.3.1 Canada Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.1.4.2.3.2 Canada Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.1.4.3 Mexico
4.1.4.3.1 Markets
4.1.4.3.1.1 Buyer Attributes
4.1.4.3.1.2 Key Producers and Suppliers in Mexico:
4.1.4.3.1.3 Regulatory Landscape
4.1.4.3.1.4 Business Drivers
4.1.4.3.1.5 Business Challenges
4.1.4.3.2 Applications
4.1.4.3.2.1 Mexico Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.1.4.3.3 Products
4.1.4.3.3.1 Mexico Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.1.4.3.3.2 Mexico Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2 Europe
4.2.1 Markets
4.2.1.1 Key Producers and Suppliers in Europe
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Applications
4.2.2.1 Europe Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.3 Products
4.2.3.1 Europe Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.3.2 Europe Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4 Europe: Country-Level Analysis
4.2.4.1 Germany
4.2.4.1.1 Markets
4.2.4.1.1.1 Buyer Attributes
4.2.4.1.1.2 Key Producers and Suppliers in Germany
4.2.4.1.1.3 Regulatory Landscape
4.2.4.1.1.4 Business Drivers
4.2.4.1.1.5 Business Challenges
4.2.4.1.2 Applications
4.2.4.1.2.1 Germany Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.1.3 Products
4.2.4.1.3.1 Germany Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.1.3.2 Germany Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4.2 France
4.2.4.2.1 Markets
4.2.4.2.1.1 Buyer Attributes
4.2.4.2.1.2 Key Producers and Suppliers in France
4.2.4.2.1.3 Regulatory Landscape
4.2.4.2.1.4 Business Drivers
4.2.4.2.1.5 Business Challenges
4.2.4.2.2 Applications
4.2.4.2.2.1 France Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.2.3 Products
4.2.4.2.3.1 France Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.2.3.2 France Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4.3 Italy
4.2.4.3.1 Market
4.2.4.3.1.1 Buyer Attributes
4.2.4.3.1.2 Key Producers and Suppliers in Italy:
4.2.4.3.1.3 Regulatory Landscape
4.2.4.3.1.4 Business Drivers
4.2.4.3.1.5 Business Challenges
4.2.4.3.2 Applications
4.2.4.3.2.1 Italy Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.3.3 Products
4.2.4.3.3.1 Italy Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.3.3.2 Italy Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4.4 Spain
4.2.4.4.1 Markets
4.2.4.4.1.1 Buyer Attributes
4.2.4.4.1.2 Key Producers and Suppliers in Spain:
4.2.4.4.1.3 Regulatory Landscape
4.2.4.4.1.4 Business Drivers
4.2.4.4.1.5 Business Challenges
4.2.4.4.2 Applications
4.2.4.4.2.1 Spain Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.4.3 Products
4.2.4.4.3.1 Spain Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.4.3.2 Spain Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4.5 Russia
4.2.4.5.1 Markets
4.2.4.5.1.1 Buyer Attributes
4.2.4.5.1.2 Key Producers and Suppliers in Russia:
4.2.4.5.1.3 Regulatory Landscape
4.2.4.5.1.4 Business Drivers
4.2.4.5.1.5 Business Challenges
4.2.4.5.2 Applications
4.2.4.5.2.1 Russia Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.5.3 Products
4.2.4.5.3.1 Russia Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.5.3.2 Russia Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.2.4.6 Rest-of-Europe (RoE)
4.2.4.6.1 Markets
4.2.4.6.1.1 Buyers Attributes
4.2.4.6.1.2 Key Producers and Suppliers in Rest-of-Europe:
4.2.4.6.1.3 Business Drivers
4.2.4.6.1.4 Business Challenges
4.2.4.6.2 Applications
4.2.4.6.2.1 Rest-of-Europe Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.2.4.6.3 Products
4.2.4.6.3.1 Rest-of-Europe Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.2.4.6.3.2 Rest-of-Europe Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.3 U.K.
4.3.1 Market
4.3.1.1 Buyer Attributes
4.3.1.2 Key Producers and Suppliers in the U.K.
4.3.1.3 Regulatory Landscape
4.3.1.4 Business Drivers
4.3.1.5 Business Challenges
4.3.2 Applications
4.3.2.1 U.K. Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.3.3 Products
4.3.3.1 U.K. Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.3.3.2 U.K. Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.4 China
4.4.1 Market
4.4.1.1 Buyer Attributes
4.4.1.2 Key Producers and Suppliers in China
4.4.1.3 Regulatory Landscape
4.4.1.4 Business Drivers
4.4.1.5 Business Challenges
4.4.2 Applications
4.4.2.1 China Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.4.3 Products
4.4.3.1 China Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.4.3.2 China Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5 Asia-Pacific and Japan
4.5.1 Markets
4.5.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
4.5.1.2 Business Drivers
4.5.1.3 Business Challenges
4.5.2 Applications
4.5.2.1 Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3 Products
4.5.3.1 Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.2 Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5.3.3 Japan
4.5.3.3.1 Markets
4.5.3.3.1.1 Buyer Attributes
4.5.3.3.1.2 Key Producers and Suppliers in Japan
4.5.3.3.1.3 Regulatory Landscape
4.5.3.3.1.4 Business Drivers
4.5.3.3.1.5 Business Challenges
4.5.3.3.2 Applications
4.5.3.3.2.1 Japan Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3.3.3 Products
4.5.3.3.3.1 Japan Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.3.3.2 Japan Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5.3.4 South Korea
4.5.3.4.1 Markets
4.5.3.4.1.1 Buyer Attributes
4.5.3.4.1.2 Key Producers and Suppliers in South Korea
4.5.3.4.1.3 Regulatory Landscape
4.5.3.4.1.4 Business Drivers
4.5.3.4.1.5 Business Challenges
4.5.3.4.2 Applications
4.5.3.4.2.1 South Korea Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3.4.3 Products
4.5.3.4.3.1 South Korea Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.4.3.2 South Korea Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5.3.5 India
4.5.3.5.1 Markets
4.5.3.5.1.1 Buyer Attributes
4.5.3.5.1.2 Key Producers and Suppliers in India
4.5.3.5.1.3 Regulatory Landscape
4.5.3.5.1.4 Business Drivers
4.5.3.5.1.5 Business Challenges
4.5.3.5.2 Applications
4.5.3.5.2.1 India Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3.5.3 Products
4.5.3.5.3.1 India Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.5.3.2 India Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5.3.6 ASEAN
4.5.3.6.1 Markets
4.5.3.6.1.1 Buyer Attributes
4.5.3.6.1.2 Key Producers and Suppliers in ASEAN
4.5.3.6.1.3 Business Drivers
4.5.3.6.1.4 Business Challenges
4.5.3.6.2 Applications
4.5.3.6.2.1 ASEAN Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3.6.3 Products
4.5.3.6.3.1 ASEAN Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.6.3.2 ASEAN Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.5.3.7 Rest-of-Asia-Pacific and Japan
4.5.3.7.1 Markets
4.5.3.7.1.1 Buyer Attributes
4.5.3.7.1.2 Key Producers and Suppliers in the Rest-of-Asia-Pacific and Japan
4.5.3.7.1.3 Business Drivers
4.5.3.7.1.4 Business Challenges
4.5.3.7.2 Applications
4.5.3.7.2.1 Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.5.3.7.3 Products
4.5.3.7.3.1 Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.5.3.7.3.2 Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.6 Rest-of-the-World
4.6.1 Markets
4.6.1.1 Key Producers and Suppliers in Rest-of-the-World
4.6.1.2 Business Drivers
4.6.1.3 Business Challenges
4.6.2 Applications
4.6.2.1 Rest-of-the-World Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.6.3 Products
4.6.3.1 Rest-of-the-World Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.6.3.2 Rest-of-the-World Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.6.3.3 Middle East and Africa
4.6.3.3.1 Markets
4.6.3.3.1.1 Buyer Attributes
4.6.3.3.1.2 Key Producers and Suppliers in the Middle East and Africa
4.6.3.3.1.3 Business Drivers
4.6.3.3.1.4 Business Challenges
4.6.3.3.2 Applications
4.6.3.3.2.1 Middle East and Africa Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.6.3.3.3 Products
4.6.3.3.3.1 Middle East and Africa Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.6.3.3.3.2 Middle East and Africa Low-Carbon Aluminum Market (by Product), Volume and Value Data
4.6.3.4 South America
4.6.3.4.1 Markets
4.6.3.4.1.1 Buyer Attributes
4.6.3.4.1.2 Key Producers and Suppliers in South America
4.6.3.4.1.3 Business Drivers
4.6.3.4.1.4 Business Challenges
4.6.3.4.2 Applications
4.6.3.4.2.1 South America Low-Carbon Aluminum Market (by End User), Volume and Value Data
4.6.3.4.3 Products
4.6.3.4.3.1 South America Low-Carbon Aluminum Market (by Source of Production), Volume and Value Data
4.6.3.4.3.2 South America Low-Carbon Aluminum Market (by Product), Volume and Value Data
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Product Matrix of Key Companies, By Source of Production
5.1.3 Market Share Analysis of Key Companies, 2021
5.2 Company Profiles
5.2.1 Vedanta Aluminum and Power
5.2.1.1 Company Overview
5.2.1.1.1 Role of Vedanta Aluminum and Power in the Low-Carbon Aluminum Market
5.2.1.1.2 Production Sites
5.2.1.1.3 Product Portfolio
5.2.1.2 Business Strategies
5.2.1.2.1 Market Developments and Product Developments
5.2.1.3 Analyst View
5.2.2 EN+ Group
5.2.2.1 Company Overview
5.2.2.1.1 Role of EN+ Group in the Low-Carbon Aluminum Market
5.2.2.1.2 Production Sites
5.2.2.1.3 Product Portfolio
5.2.2.2 Business Strategies
5.2.2.2.1 Market Developments and Product Developments
5.2.2.3 Corporate Strategies
5.2.2.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.2.4 Analyst View
5.2.3 Century Aluminum Company
5.2.3.1 Company Overview
5.2.3.1.1 Role of Century Aluminum Company in the Low-Carbon Aluminum Market
5.2.3.1.2 Production Sites
5.2.3.1.3 Product Portfolio
5.2.3.2 Business Strategies
5.2.3.2.1 Market Developments and Product Developments
5.2.3.3 Corporate Strategies
5.2.3.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.3.4 Analyst View
5.2.4 Emirates Global Aluminium PJSC
5.2.4.1 Company Overview
5.2.4.1.1 Role of Emirates Global Aluminium PJSC in the Low-Carbon Aluminum Market
5.2.4.1.2 Production Sites
5.2.4.1.3 Product Portfolio
5.2.4.2 Business Strategies
5.2.4.2.1 Market Developments and Product Developments
5.2.4.3 Corporate Strategies
5.2.4.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.4.4 Analyst View
5.2.5 Norsk Hydro ASA
5.2.5.1 Company Overview
5.2.5.1.1 Role of Norsk Hydro ASA in the Low-Carbon Aluminum Market
5.2.5.1.2 Production Sites
5.2.5.1.3 Product Portfolio
5.2.5.2 Business Strategies
5.2.5.2.1 Market Developments and Product Developments
5.2.5.3 Corporate Strategies
5.2.5.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.5.4 R&D Analysis
5.2.5.5 Analyst View
5.2.6 Alcoa Corporation
5.2.6.1 Company Overview
5.2.6.1.1 Role of Alcoa Corporation in the Low-Carbon Aluminum Market
5.2.6.1.2 Production Sites
5.2.6.1.3 Product Portfolio
5.2.6.2 Corporate Strategies
5.2.6.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.6.3 R&D Analysis
5.2.6.4 Analyst View
5.2.7 China Hongqiao Group Limited
5.2.7.1 Company Overview
5.2.7.1.1 Role of China Hongqiao Group Limited in the Low-Carbon Aluminum Market
5.2.7.1.2 Production Sites
5.2.7.1.3 Product Portfolio
5.2.7.2 Business Strategies
5.2.7.2.1 Product Developments and Market Developments
5.2.7.3 Corporate Strategies
5.2.7.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.7.4 R&D Analysis
5.2.7.5 Analyst View
5.2.8 Capral Limited
5.2.8.1 Company Overview
5.2.8.1.1 Role of Capral Limited in the Low-Carbon Aluminum Market
5.2.8.1.2 Production Sites
5.2.8.1.3 Product Portfolio
5.2.8.2 Business Strategies
5.2.8.2.1 Product Developments and Market Developments
5.2.8.3 Corporate Strategies
5.2.8.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.8.4 Analyst View
5.2.9 Constellium SE
5.2.9.1 Company Overview
5.2.9.1.1 Role of Constellium SE in the Low-Carbon Aluminum Market
5.2.9.1.2 Production Sites
5.2.9.1.3 Product Portfolio
5.2.9.2 Business Strategies
5.2.9.2.1 Product Developments and Market Developments
5.2.9.3 Corporate Strategies
5.2.9.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.9.4 R&D Analysis
5.2.9.5 Analyst View
5.2.10 Reynaers Aluminium
5.2.10.1 Company Overview
5.2.10.1.1 Role of Reynaers Aluminium in the Low-Carbon Aluminum Market
5.2.10.1.2 Production Sites
5.2.10.1.3 Product Portfolio
5.2.10.2 Analyst View
5.2.11 Granges
5.2.11.1 Company Overview
5.2.11.1.1 Role of Granges in the Low-Carbon Aluminum Market
5.2.11.1.2 Production Sites
5.2.11.1.3 Product Portfolio
5.2.11.2 Business Strategies
5.2.11.2.1 Product Developments and Market Developments
5.2.11.3 Corporate Strategies
5.2.11.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.11.4 Analyst View
5.2.12 Nanshan America
5.2.12.1 Company Overview
5.2.12.1.1 Role of Nanshan America in the Low-Carbon Aluminum Market
5.2.12.1.2 Production Sites
5.2.12.1.3 Product Portfolio
5.2.12.2 Analyst View
5.2.13 Rio Tinto
5.2.13.1 Company Overview
5.2.13.1.1 Role of Rio Tinto in the Low-Carbon Aluminum Market
5.2.13.1.2 Production Sites
5.2.13.1.3 Product Portfolio
5.2.13.2 Business Strategies
5.2.13.2.1 Product Developments and Market Developments
5.2.13.3 Corporate Strategies
5.2.13.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.13.4 R&D Analysis
5.2.13.5 Analyst View
5.2.14 CBA
5.2.14.1 Company Overview
5.2.14.1.1 Role of CBA in the Low-Carbon Aluminum Market
5.2.14.1.2 Production Sites
5.2.14.1.3 Product Portfolio
5.2.14.2 Business Strategies
5.2.14.2.1 Product Developments and Market Developments
5.2.14.3 Corporate Strategies
5.2.14.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.14.4 Analyst View
5.2.15 South32
5.2.15.1 Company Overview
5.2.15.1.1 Role of South32 in the Low-Carbon Aluminum Market
5.2.15.1.2 Production Sites
5.2.15.1.3 Product Portfolio
5.2.15.2 Analyst View
5.2.16 PT Indonesia Asahan Aluminium
5.2.16.1 Company Overview
5.2.16.1.1 Role of PT Indonesia Asahan Aluminium in the Low-Carbon Aluminum Market
5.2.16.1.2 Production Sites
5.2.16.1.3 Product Portfolio
5.2.16.2 Analyst View
5.2.17 Novelis
5.2.17.1 Company Overview
5.2.17.1.1 Role of Novelis in the Low-Carbon Aluminum Market
5.2.17.1.2 Production Sites
5.2.17.1.3 Product Portfolio
5.2.17.2 Business Strategies
5.2.17.2.1 Product Developments and Market Developments
5.2.17.3 R&D Analysis
5.2.17.4 Analyst View
5.2.18 Eti Aluminyum
5.2.18.1 Company Overview
5.2.18.1.1 Role of Eti Aluminyum in the Low-Carbon Aluminum Market
5.2.18.1.2 Production Sites
5.2.18.1.3 Product Portfolio
5.2.18.2 Business Strategies
5.2.18.2.1 Product Developments and Market Developments
5.2.18.3 Analyst View
5.2.19 Hammerer Aluminium Industries
5.2.19.1 Company Overview
5.2.19.1.1 Role of Hammerer Aluminium Industries in the Low-Carbon Aluminum Market
5.2.19.1.2 Production Sites
5.2.19.1.3 Product Portfolio
5.2.19.2 Business Strategies
5.2.19.2.1 Market Developments and Product Developments
5.2.19.3 Corporate Strategies
5.2.19.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.19.4 Patent Analysis
5.2.19.5 Analyst View
5.2.20 Aluminium Dunkerque
5.2.20.1 Company Overview
5.2.20.1.1 Role of Aluminium Dunkerque in the Low-Carbon Aluminum Market
5.2.20.1.2 Production Sites
5.2.20.1.3 Product Portfolio
5.2.20.2 Business Strategies
5.2.20.2.1 Market Developments and Product Developments
5.2.20.3 Analyst View
6.1 Primary Data Sources
6.2 BIS Data Sources
6.3 Assumptions and Limitations
Table 1: Consortiums and Associations
Table 2: Regulatory/Certification Bodies
Table 3: Key Product Developments
Table 4: Key Market Developments (2018-2021)
Table 5: Key Partnerships and Joint Ventures
Table 6: Global Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 7: Global Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 8: Global Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 9: Global Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 10: Global Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 11: Global Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 12: Average Global and Regional Level Pricing Analysis, Low-Carbon Primary Aluminum, $/Ton, 2021-2031
Table 13: Average Global and Regional Level Pricing Analysis, Recycled Aluminum, $/Ton, 2021-2031
Table 14: Greenhouse Gas Emissions Intensity – Primary Aluminum, Tons of CO2e per Ton of Primary Aluminum, 2021
Table 15: Greenhouse Gas Emissions – Aluminum Sector, Overall CO2 Emissions, Million Tons, 2021
Table 16: List of Key Operating Aluminum Plants, 2021
Table 17: Global Low-Carbon Aluminum Market (by Region), Kilotons, 2021-2031
Table 18: Global Low-Carbon Aluminum Market (by Region), $Billion, 2021-2031
Table 19: North America Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 20: North America Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 21: North America Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 22: North America Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 23: North America Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 24: North America Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 25: U.S. Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 26: U.S. Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 27: U.S. Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 28: U.S. Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 29: U.S. Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 30: U.S. Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 31: Canada Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 32: Canada Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 33: Canada Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 34: Canada Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 35: Canada Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 36: Canada Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 37: Mexico Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 38: Mexico Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 39: Mexico Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 40: Mexico Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 41: Mexico Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 42: Mexico Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 43: Europe Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 44: Europe Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 45: Europe Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 46: Europe Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 47: Europe Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 48: Europe Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 49: Germany Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 50: Germany Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 51: Germany Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 52: Germany Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 53: Germany Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 54: Germany Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 55: France Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 56: France Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 57: France Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 58: France Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 59: France Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 60: France Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 61: Italy Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 62: Italy Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 63: Italy Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 64: Italy Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 65: Italy Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 66: Italy Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 67: Spain Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 68: Spain Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 69: Spain Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 70: Spain Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 71: Spain Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 72: Spain Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 73: Russia Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 74: Russia Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 75: Russia Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 76: Russia Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 77: Russia Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 78: Russia Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 79: Rest-of-Europe Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 80: Rest-of-Europe Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 81: Rest-of-Europe Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 82: Rest-of-Europe Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 83: Rest-of-Europe Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 84: Rest-of-Europe Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 85: U.K. Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 86: U.K. Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 87: U.K. Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 88: U.K. Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 89: U.K. Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 90: U.K. Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 91: China Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 92: China Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 93: China Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 94: China Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 95: China Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 96: China Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 97: Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 98: Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 99: Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 100: Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 101: Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 102: Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 103: Japan Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 104: Japan Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 105: Japan Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 106: Japan Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 107: Japan Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 108: Japan Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 109: South Korea Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 110: South Korea Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 111: South Korea Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 112: South Korea Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 113: South Korea Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 114: South Korea Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 115: India Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 116: India Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 117: India Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 118: India Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 119: India Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 120: India Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 121: ASEAN Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 122: ASEAN Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 123: ASEAN Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 124: ASEAN Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 125: ASEAN Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 126: ASEAN Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 127: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 128: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 129: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 130: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 131: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 132: Rest-of-Asia-Pacific and Japan Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 133: Rest-of-the-World Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 134: Rest-of-the-World Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 135: Rest-of-the-World Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 136: Rest-of-the-World Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 137: Rest-of-the-World Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 138: Rest-of-the-World Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 139: Middle East and Africa Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 140: Middle East and Africa Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 141: Middle East and Africa Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 142: Middle East and Africa Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 143: Middle East and Africa Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 144: Middle East and Africa Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 145: South America Low-Carbon Aluminum Market (by End User), Kilotons, 2021-2031
Table 146: South America Low-Carbon Aluminum Market (by End User), $Billion, 2021-2031
Table 147: South America Low-Carbon Aluminum Market (by Source of Production), Kilotons, 2021-2031
Table 148: South America Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021-2031
Table 149: South America Low-Carbon Aluminum Market (by Product), Kilotons, 2021-2031
Table 150: South America Low-Carbon Aluminum Market (by Product), $Billion, 2021-2031
Table 151: Product Matrix of Key Companies, By Source of Production
Table 152: Market Shares of Key Companies, 2021
Figure 1: Global Low-Carbon Aluminum Market, $Billion, 2021, 2022, and 2031
Figure 2: Global Low-Carbon Aluminum Market (by End User), $Billion, 2021 and 2031
Figure 3: Global Low-Carbon Aluminum Market (by Source of Production), $Billion, 2021 and 2031
Figure 4: Global Low-Carbon Aluminum Market (by Product), $Billion, 2021 and 2031
Figure 5: Global Low-Carbon Aluminum Market (by Region), $Billion, 2021 and 2031
Figure 6: Global Low-Carbon Aluminum Market Coverage
Figure 7: Share of Renewable vs. Conventional Energy Sources with Private Participation in Emerging Markets and Developing Economies (EMDEs), by Projects
Figure 8: Share of Renewable vs. Conventional Energy Sources with Private Participation in Emerging Markets and Developing Economies (EMDEs), by Investment
Figure 9: Supply Chain Analysis of the Low-Carbon Aluminum Market
Figure 10: Global Aircraft Deliveries (by Region, Number of Aircraft), 2018-2022
Figure 11: Global Automotive Production Units, 2019-2021
Figure 12: Embodied Carbon (Carbon Footprint) per Kg of Primary Aluminium Ingot
Figure 13: Product Benchmarking
Figure 14: Total Year-Wise Patents Filed for Global Low-Carbon Aluminum Market, January 2019-December 2022
Figure 15: Patent Analysis (by Status), January 2019-December 2022
Figure 16: Patent Analysis (by Organization), January 2019-December 2022
Figure 17: Aluminum Trade Analysis – Net Trade (by Region), Kilotons, 2019-2021
Figure 18: Research Methodology
Figure 19: Top-Down and Bottom-Up Approach
Figure 20: Low-Carbon Aluminum Market: Influencing Factors
Figure 21: Assumptions and Limitations
Market Report Coverage
Low-Carbon Aluminum Market |
|||
Base Year |
2021 |
Market Size in 2022 |
$81.89 Billion |
Forecast Period |
2022-2031 |
Value Projection and Estimation by 2031 |
$119.97 Billion |
CAGR During Forecast Period |
4.3% |
Number of Tables |
152 |
Number of Pages |
257 |
Number of Figures |
21 |
Key Market Players and Competition Synopsis
Aluminum that has greenhouse gas (GHG) emission intensity below 4 tons of CO2 equivalent per ton of aluminum manufactured has been considered as low-carbon aluminum. To achieve this, renewable energy source is used in the manufacturing of primary aluminum. Furthermore, recycling aluminum further reduces energy consumption and CO2 emissions and can be considered low-carbon aluminum. Among product segmentations, the flat-rolled segment dominated the low-carbon aluminum market in 2021 and is the largest segment owing to growing demand from end-use industries such as transportation, building and construction, and others. Flat-rolled products have high strength-to-weight ratios, are corrosion-resistant, durable, and can be recycled multiple times, which further reduces their environmental impact.
Some of the prominent producers of low-carbon aluminum are:
Company Type 1 (by Source of Production): Solar Energy
• Vedanta Aluminum and Power
• Emirates Global Aluminium PJSC
• Capral Limited
• Rio Tinto
• China Hongqiao Group Limited
Company Type 2 (by Source of Production): Hydro Energy
• EN+ Group
• Century Aluminum Company
• Norsk Hydro ASA
• Alcoa Corporation
• China Hongqiao Group Limited
• South32
• PT Indonesia Asahan Aluminium
Company Type 3 (by Source of Production): Recycling
• EN+ Group
• Century Aluminum Company
• Emirates Global Aluminium PJSC
• Norsk Hydro ASA
• Constellium SE
Company Type 4 (by Source of Production): Carbon Capture and Storage (CCS) (Planned)
• Aluminium Dunkerque
• Norsk Hydro ASA
Various players are involved in the market, which has been covered in different sections of the report.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different sources of production and products involved in the low-carbon aluminum market. The source of production segment has been segmented into solar energy, wind energy, hydro energy, recycling, carbon capture and storage (CCS), and others. The product segment has been segmented into flat-rolled, castings, extrusion, forgings, rod and bar, and others. Moreover, the study provides the reader with a detailed understanding of the low-carbon aluminum market based on end users, including transportation, building and construction, the electrical industry, consumer goods, foil and packaging, machinery and equipment, and others. The increasing adoption of low-carbon aluminum in manufacturing components in sustainable technologies is expected to fuel the growth of the market.
Growth/Marketing Strategy: The low-carbon aluminum market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business expansions to strengthen their position in the low-carbon aluminum market. For instance, in February 2022, Emirates Global Aluminium PJSC announced its plan to build a 150,000 tons per year aluminum recycling facility, the company’s first and set to be the largest in the U.A.E. The company intends to market recycled aluminum under the brand name EternAL.
Competitive Strategy: Key players in the low-carbon aluminum market analyzed and profiled in the study involve low-carbon aluminum producers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the low-carbon aluminum market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Low-Carbon Aluminum Industry and Technology Overview
The global low-carbon aluminum market is projected to reach $119.97 billion by 2031 from $81.89 billion in 2022, growing at a CAGR of 4.3% during the forecast period 2022-2031.
The use of low-carbon aluminum is becoming more common in several industries, including transportation, building and construction, electrical engineering, foil and packaging, and others. The market is anticipated to benefit from the growing preference for lightweight materials over heavy metals, as this would enable weight reduction and foster market growth. In the automobile industry, the demand for low-carbon aluminum is rising due to the increasing number of electric vehicles that are made from lightweight materials. Amongst all industries, the automotive industry has been majorly focusing on decarbonization and has been witnessing high adoption of low-carbon aluminum. Government securities are also pushing the adoption of low-carbon aluminum. It helps in the weight reduction of vehicles, which contributes significantly to vehicles’ fuel efficiency. Further, the use of low-carbon aluminum helps reduce CO2 emission, which is an environment-friendly aspect of applications of low-carbon aluminum in the automobile industry. There is a growing trend in the aluminum industry toward investing in low-carbon aluminum production. This is driven by several factors, including increasing pressure from consumers and investors to reduce carbon emissions, as well as regulatory initiatives aimed at curbing greenhouse gas emissions.
Market Lifecycle Stage
The low-carbon aluminum market has been in its growth stage, and much has been attributed to the increasing need for carbon reduction in commodity products such as aluminum. The ecosystem of the low-carbon aluminum market comprises primary aluminum manufacturers, aluminum recyclers, aluminum value-added product manufacturers, OEMs, and end users. The market is still developing, with Europe at the forefront, followed by other regions such as North America, the Middle East and Africa, Asia-Pacific, China, and South America.
Figure: Global Low-Carbon Aluminum Market, $Billion, 2021, 2022, and 2031
Industrial Impact
• The major advantages of low-carbon aluminum include its ability to reduce greenhouse gas emissions, increase energy efficiency, and improve the sustainability of the aluminum industry, among others. Additionally, low-carbon aluminum also offers improved properties compared to traditional aluminum, such as increased purity and strength. This offers a significant reason for the players to move toward low-carbon aluminum, reduce carbon dioxide emissions, and utilize the existing market infrastructure. Low-carbon aluminum has a high adoption rate in transportation, among other applications owing to the increased initiatives by automakers to decarbonize the industry.
• The major regions anticipated to use low-carbon aluminum are Europe and North America. Globally, there have been numerous partnerships between the manufacturers, suppliers, and end users of low-carbon aluminum, which has led to significant growth in the market.
Impact of COVID-19
The COVID-19 pandemic has had an adverse impact on most of the sectors globally, owing to countrywide lockdown, temporary shutdown of production facilities, and the slowdown of the global economy. The pandemic has shown a severe impact on transportation, building and construction, electrical, machinery, and equipment, among other industries. However, applications such as foil and packaging, consumer goods, and others saw slight to considerable positive growth trends in FY2020. The industry saw a severe adverse impact in H1FY2020, along with some recovery in H2FY2020. Furthermore, the COVID-19 epidemic-related global lockdown led to production halts and disruptions in supply chains, manufacturing, and deployment activity, all of which had a detrimental effect on the market for low-carbon aluminum in 2020.
Market Segmentation:
Segmentation 1: by End User
• Transportation
• Building and Construction
• Electrical Industry
• Consumer Goods
• Foil and Packaging
• Machinery and Equipment
• Others
Based on end users, the low-carbon aluminum market is estimated to be led by the transportation segment during the forecast period 2022-2031.
Segmentation 2: by Source of Production
• Solar Energy
• Wind Energy
• Hydro Energy
• Recycling
• Carbon Capture and Storage (CCS)
• Others
Based on the source of production, the low-carbon aluminum market is estimated to be led by the recycling segment during the forecast period 2022-2031.
Segmentation 3: by Product
• Flat-Rolled
• Castings
• Extrusion
• Forgings
• Rod and Bar
• Others
Based on product, the low-carbon aluminum market is estimated to be led by the flat-rolled segment during the forecast period 2022-2031.
Segmentation 4: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Italy, Spain, Russia, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific and Japan - Japan, India, South Korea, ASEAN, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World - Middle East and Africa and South America
In the global low-carbon aluminum market, Europe and North America are anticipated to gain traction in terms of low-carbon aluminum production, owing to the presence of the world’s largest manufacturers in those regions.
Recent Developments in Low-Carbon Aluminum Market
• In April 2021, En+ Group announced that it had produced the world’s lowest carbon aluminum, in a major breakthrough for the industry. En+ Group Metals segment has successfully produced aluminum with the industry's lowest carbon footprint - less than 0.01 tons of CO2 equivalent per ton of metal.
• In January 2023, Emirates Global Aluminium PJSC and leading beverage producer, can-maker, and waste management company, together announced the launch of Aluminium Recycling Coalition, which aims to drive a step-change in aluminum recycling in the U.A.E. Coalescing members include EGA, Abu Dhabi Waste Management Company (Tadweer), Aujan Coca-Cola Beverages Company, Coca-Cola Al Ahlia Beverages Company, BEEAH Tandeef, Pepsi-bottler Dubai Refreshment, CANPACK, Crown Bevcan EMEA, DULSCO Group, and Veolia.
• In August 2021, Vedanta Aluminium Business was India’s largest green power purchaser on the Green Market at the Indian Energy Exchange Limited (IEX) platform as of Q1 FY2021 and FY2022. Vedanta procured 354 million units of solar and non-solar renewable energy primarily from Green Term-Ahead Market (GTAM) at IEX for its largest integrated aluminum production facility at Jharsuguda, Odisha.
• In November 2021, Nordural Grundartangi ehf, a wholly owned subsidiary of Century Aluminum Company, commenced the construction of a new low-carbon billet casthouse at its Grundartangi, Iceland smelter. The new value-added casthouse would have a capacity of 150,000 tons of billet production and is expected to start production in the first quarter of 2024.
• In December 2022, Hydro and Mercedes-Benz collaborated on a joint technology roadmap aiming to develop aluminum solutions from 2023 to 2030 approved for automotive applications with a CO2 footprint below 3.0 kgCO2/kgAl.
Demand - Drivers and Limitations
The following are the demand drivers for low-carbon aluminum market:
• Increasing Attention of Governments toward Decarbonization of Core Contributing Commodities
• Growing Research and Development Activities to Achieve Near Zero Emissions
The market is expected to face some limitations due to the following challenges:
• Lower Recycling Rates for Aluminum in Various Industries
• Volatile Low-Carbon Aluminum Prices
Analyst View
According to Sachin Singh, Lead Analyst at BIS Research, "Low-carbon aluminum is gaining traction on the back of increased demand for low-cost recycled aluminum. The recycling rate of aluminum has been increasing in developing and developed countries, especially for post-consumer scrap. Various companies in the ecosystem are developing novel technologies to reduce carbon emissions and achieve near-zero or net-zero carbon emissions. The automotive industry has the highest adoption among all end users as auto-manufacturers are striving to achieve net-zero scenario by reducing carbon emissions throughout its value chain.”
Low-Carbon Aluminum Market - A Global and Regional Analysis
Focus on Source of Production, Product, End User, and Region - Analysis and Forecast, 2022-2031