Exploring Green Aluminum Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Green Aluminum Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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.
Global Green Aluminum Market
Research Report & Summary:
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.
Time
Period Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-30
Who are the Key Players Operating in
the Green Aluminum Market?
The top
companies of the Green Aluminum Market ruling the industry are:
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
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What is Included in Green Aluminum
Market Segmentation?
The Green Aluminum Market explores the industry
by emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Method
-Renewable Electricity– Market Size & Forecast 2024-2030F (Thousand
Tons)
-Recycled Aluminum– Market Size & Forecast 2024-2030F (Thousand
Tons)
-By End Users
-Automotive– Market Size & Forecast 2024-2030F (Thousand Tons)
-Construction– Market Size & Forecast 2024-2030F (Thousand Tons)
-Electronics– Market Size & Forecast 2024-2030F (Thousand Tons)
-Others (Cans & Packaging, Aerospace, etc.) – Market Size &
Forecast 2024-2030F (Thousand Tons)
-By Source of Energy
-Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
-Hydro– Market Size & Forecast 2024-2030F (Thousand Tons)
-Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
-Recycled – Market Size & Forecast 2024-2030F (Thousand Tons)
-Others (Carbon Capture Storage, etc)
-By Region
-North America
-Europe
-Asia-Pacific
-Rest of the World
Explore the Complete Green Aluminum Market Analysis Report – https://www.marknteladvisors.com/research-library/green-aluminum-market.html
Global Green Aluminum Market Driver:
Surging
Government Initiatives to Curb Carbon Emissions – To reverse the ill effects of
climate change caused by fueling carbon emissions from various industries such
as transportation, manufacturing, construction, etc., the national governments
around the world have not only been encouraging the establishment of green
aluminum production but also the adoption of green products by organizations.
Countries like the US, India, the UAE, and a few others have been providing
lucrative deals & options to both manufacturers and consumers to blend and
further integrate green methods into their operations. For Instance:
·
In 2024, the US Department of Energy, under its
Industrial Demonstration Plan, would provide about USD 6 billion to a total of
33 projects, of which one is Centuary’s Green Aluminum to build a new
low-carbon emitting smelter in Ohio.
·
In 2024, the UAE and Oman’s industrial and
energy projects, worth approximately USD 31.8 billion, are expected to be
revolutionary in the renewable energy and green metals industries.
Moreover,
international collaborations among countries for sustainable development in the
future are predicted to boost the growth & expansion of the Global Green
Aluminum Market in the coming years.
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Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a substantial &
varied client base, including multinational corporations, financial
institutions, governments, and individuals, among others.
We have our existence across the market for
many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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