Market Insights and Analysis: Green Aluminum Market Overview and Projections (2024-2030)
The Green Aluminum Market size is estimated to grow at a CAGR of around 37.85% during the forecast period, i.e., 2024-30.
Top leading companies in the Green Aluminum Market includes:
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
Industry Recent Development:
- 2024: Hindalco Industries, an aluminum major, reported that the first phase of its aim to reduce about 30% of emissions by 2030 is nearing completion. The company focuses on using 30% of its round-the-clock renewable energy supply.
- 2023: Vedant Aluminium supplied its first low-carbon aluminum order to Global Aluminium Pvt. Ltd.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Method
-Renewable Electricity
-Recycled Aluminum
- Renewable electricity as a method to lower carbon emissions during the production of aluminum is the most mature technique in the market.
By End Users
-Automotive
-Construction
-Electronics
-Others (Cans & Packaging, Aerospace, etc.)
By Source of Energy
-Solar
-Hydro
-Wind
-Recycled
-Others (Carbon Capture Storage, etc)
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Green Aluminum Market Geographic Reach:
The Geographic Reach of the Green Aluminum Market evaluates the spread and significance of Green Aluminum market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America
- Europe
- Asia-Pacific
- Rest of the World
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