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.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Green Aluminum Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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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