Introduction to Europe Low-Carbon Aluminum Market
The Europe low-carbon aluminum market is projected to reach $52.79 billion by 2034 from $29.86 billion in 2024, growing at a CAGR of 5.86% during the forecast period 2024-2034. Low-carbon aluminum, which is valued for its lightweight qualities, is becoming more and more in demand in Europe as electric vehicles gain popularity. With a growing use of low-carbon aluminum in vehicle manufacturing, the automotive industry is leading the way in decarbonisation efforts. Its use is further encouraged by strict European rules, since lighter vehicles use less petrol. Furthermore, low-carbon aluminum is an environmentally friendly choice for automotive applications since it drastically reduces CO2 emissions, which is consistent with the region's commitment to climate action and sustainable transportation.
....
Market Segmentation
Segmentation 1: by End-User
• Transportation
• Building and Construction
• Electrical Industry
• Consumer Goods
• Foil and Packaging
• Machinery and Equipment
• OthersSegmentation 2: by Production Pathway at Smelter Level
• Primary Aluminum Production
o Renewable-Powered Electrolysis (Traditional Hall-Héroult Process with Renewable Energy)
• Solar Energy
• Wind Energy
• Hydro Energy
• Hydrogen Powered Electrolysis
o CCUS Integration to Reduce Process Emissions
o Inert Anode Technology
o Drained Cathode Cell
• Recycled or Secondary Aluminum ProductionSegmentation 3: by Country
• Germany
• France
• Russia
• Italy
• Spain
• U.K.
• Rest-of-Europe....
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. 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 Europe 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.
Competitive Strategy: Key players in the Europe 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.
Key Market Players and Competition Synopsis
The companies that are profiled in the Europe low-carbon aluminum market have been selected based on input gathered from primary experts and analyzing company coverage, project portfolio, and market penetration.
Some of the prominent companies in this market are:
• RUSAL
• Norsk Hydro ASA
• Constellium SE
• Volta Aluminium Company Limited
• Rio Tinto
• Speira GmbH
• Aluminium Dunkerque
Europe Low-Carbon Aluminum Market Forecast ( 2024-2034)
Table of Contents
Executive Summary
Scope and Definition
1 Market: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increasing Investments in Low-Carbon Aluminum
1.1.2 Government Activities Toward the Establishment of Low-Carbon Infrastructure
1.2 Supply Chain Overview
1.3 Ecosystem of the Low-Carbon Aluminum Market
1.3.1 Consortiums and Associations
1.3.1.1 Analysis of ASI GHG Production Pathway
1.3.1.2 Analysis of European Aluminium Association Science-Based Decarbonization Pathways
1.3.1.3 Analysis of Pathway Set by World Economic Forum
1.3.2 Regulatory/Certification Bodies
1.3.3 Government Programs
1.3.4 Programs by Research Institutions and Universities
1.4 Market Dynamics Overview
1.4.1 Market Drivers
1.4.1.1 Increasing Attention of Governments toward Decarbonization of Core Contributing Commodities
1.4.1.2 Growing Research and Development Activities to Achieve Near Zero Emissions
1.4.2 Market Challenges
1.4.2.1 Lower Recycling Rates for Aluminum in Various Industries
1.4.2.2 Volatile Low-Carbon Aluminum Prices
1.4.3 Business Strategies
1.4.3.1 Product Developments
1.4.3.2 Market Developments
1.4.4 Corporate Strategies
1.4.4.1 Partnerships and Joint Ventures
1.4.5 Market Opportunities
1.4.5.1 Low-Carbon Aluminum in Niche Segments such as Ultra-Low-CO2 Grades
1.4.5.2 Climate Mitigation Initiatives to Increase Demand for Sustainably Sourced Aluminum
1.5 Start-Ups Landscape
1.5.1 Key Start-Ups in the Ecosystem
1.6 Patent Analysis
1.6.1 Patent Filing Trend (by Number of Patents, by Year and by Country)
1.7 Average Pricing Analysis: Global and Regional Level, Low-Carbon Aluminum
1.8 Embedded Carbon Emissions in Aluminum Production
1.9 Trade Analysis: Aluminum, 2021-2023
1.1 Key Operating Aluminum Plants, 2023
2 Region
2.1 Regional Summary
2.2 Europe
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.3.1 Application
2.2.3.2 Product
2.2.4 Germany
2.2.4.1 Application
2.2.4.2 Product
2.2.5 France
2.2.5.1 Application
2.2.5.2 Product
2.2.6 Russia
2.2.6.1 Application
2.2.6.2 Product
2.2.7 Italy
2.2.7.1 Application
2.2.7.2 Product
2.2.8 Spain
2.2.8.1 Application
2.2.8.2 Product
2.2.9 U.K.
2.2.9.1 Application
2.2.9.2 Product
2.2.10 Rest-of-Europe
2.2.10.1 Application
2.2.10.2 Product
3 Markets - Competitive Benchmarking &
Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 RUSAL
3.2.1.1 Overview
3.2.1.2 Top Competitors
3.2.1.3 Top Products/Product Portfolio
3.2.1.4 Target Customers/End-Use Industries
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2023
3.2.2 Norsk Hydro ASA
3.2.2.1 Overview
3.2.2.2 Top Competitors
3.2.2.3 Top Products/Product Portfolio
3.2.2.4 Target Customers/End-Use Industries
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share, 2023
3.2.3 Constellium SE
3.2.3.1 Overview
3.2.3.2 Top Competitors
3.2.3.3 Top Products/Product Portfolio
3.2.3.4 Target Customers/End-Use Industries
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share, 2023
3.2.4 Volta Aluminium Company Limited
3.2.4.1 Overview
3.2.4.2 Top Competitors
3.2.4.3 Top Products/Product Portfolio
3.2.4.4 Target Customers/End-Use Industries
3.2.4.5 Key Personnel
3.2.4.6 Analyst View
3.2.4.7 Market Share, 2023
3.2.5 Rio Tinto
3.2.5.1 Overview
3.2.5.2 Top Competitors
3.2.5.3 Top Products/Product Portfolio
3.2.5.4 Target Customers/End-Use Industries
3.2.5.5 Key Personnel
3.2.5.6 Analyst View
3.2.5.7 Market Share, 2023
3.2.6 Speira GmbH
3.2.6.1 Overview
3.2.6.2 Top Competitors
3.2.6.3 Top Products/Product Portfolio
3.2.6.4 Target Customers/End-Use Industries
3.2.6.5 Key Personnel
3.2.6.6 Analyst View
3.2.6.7 Market Share, 2023
3.2.7 Aluminium Dunkerque
3.2.7.1 Overview
3.2.7.2 Top Competitors
3.2.7.3 Top Products/Product Portfolio
3.2.7.4 Target Customers/End-Use Industries
3.2.7.5 Key Personnel
3.2.7.6 Analyst View
3.2.7.7 Market Share, 2023
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
