GLOBAL GREEN ALUMINUM MARKET
INTRODUCTION
Aluminum is a strong and lightweight commodity, contributing billions of dollars to the global economy and supporting countless supply chains worldwide.
But like all manufactured products today, aluminum is facing increased scrutiny due to its energy-intensive production and refinement processes that are said to contribute significantly to global carbon emissions.
In response to being put under the climate microscope, primary aluminum producers worldwide are adopting new environmentally friendly production processes, including shifting towards the use of renewable energy, and investing in new green smelting technologies (like inert anode) or even studying carbon capture and storage solutions to accelerate their decarbonization efforts.
However, across the entire aluminum industry, investing in recycling has currently become the preferred initiative to reduced carbon emissions in the production process.
Green primary aluminum is in increasing demand, and, as a result, aluminum products branded as “low-carbon” or “green” are starting to charge a premium price.
With an increase in aluminum production expected, there’s growing concern over the CO2 emissions that will result in larger carbon footprints. Aluminum and metal production, in general, has traditionally been considered a contributor to global pollution, with its leading power source coming from coal.
GLOBAL GREEN ALUMINUM MARKET SIZE AND FORECAST
The Global green aluminum market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
NEW PRODUCT LAUNCH
Vedanta launches green aluminum – The company unveiled two product lines — Restora (low-carbon aluminium) and Restora Ultra (ultra-low carbon aluminium) –under the new brand.
With Restora, Vedanta Aluminium will address the fast-growing global demand for low carbon aluminium, driven by greater climate consciousness. Vedanta’s Restora is being manufactured at the company’s world-class aluminium smelter using renewable energy.
Restora has a GHG (greenhouse gas) emission intensity that is well below 4 tonnes of CO2 equivalent (tCO2e) per tonne of aluminium manufactured – the global threshold for aluminium to be considered as low carbon aluminium, and Restora Ultra has an even lower carbon footprint that is amongst the lowest in the world.
A company statement said that it is the first major non-ferrous Indian metals producer to manufacture low carbon products (primary aluminium) for customers worldwide, exhibiting a strong step towards its commitment of achieving net zero carbon .
Both products have been verified as low-carbon aluminium post assessment by an independent, global verification assurance firm.
COMPANY PROFILE
- Vedanta
- Harbor Aluminum
- Star engineering
- GMA
- Varuna aluminum
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many green aluminum are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global green aluminum and key vendor selection criteria
- Where is the green aluminum manufactured? What is the average margin per unit?
- Market share of Global green aluminum market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global green aluminum in-house
- key predictions for next 5 years in Global green aluminum market
- Average B-2-B green aluminum market price in all segments
- Latest trends in green aluminum market, by every market segment
- The market size (both volume and value) of the green aluminum market in 2023-2030 and every year in between?
- Production breakup of green aluminum market, by suppliers and their OEM relationship
