유럽의 저탄소 알루미늄 시장 : 용도별, 제품별, 국가별 - 분석과 예측(2024년-2034년)

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 Introduction

As environmental sustainability emerges as a key subject in industrial change, the low-carbon aluminum industry in Europe is expanding quickly. Innovative low-carbon alternatives are replacing traditional aluminum production, which is notorious for its high carbon emissions and has a substantial negative environmental impact. In order to meet the continent's aggressive climate goals, European producers are investing in cutting-edge smelting methods driven by renewable energy sources like solar and wind in this dynamic sector.

There are several reasons for this change. Adoption of low-carbon methods in heavy industries, such as construction, automotive, and aerospace, has accelerated due to strict government laws and policies on emissions. The need for stronger yet lighter materials that promote energy efficiency and reduce overall carbon footprints is further highlighted by the growing demand for electric vehicles and sustainable building materials. Furthermore, aluminum can now be recovered and reused thanks to developments in recycling technology, which promote a circular economy and lessen reliance on raw materials.

The market still has to deal with issues including costly initial capital expenditure, inefficient operations during the transition period, and supply chain limitations brought on by the erratic supply of renewable energy, despite tremendous advancements. Nonetheless, the market is expected to shift towards more sustainable practices due to the continuous R&D activities, favourable regulatory frameworks, and financial incentives. The market for low-carbon aluminum is expected to be crucial to the larger industrial decarbonisation process as Europe continues to lead the way in green manufacturing advances, setting new standards for economic resilience and environmental responsibility.

Market Segmentation

Segmentation 1: by End-User

• Transportation
• Building and Construction
• Electrical Industry
• Consumer Goods
• Foil and Packaging
• Machinery and Equipment
• Others

Segmentation 2: by Production Pathway at Smelter Level

• Primary Aluminum Production
  • Renewable-Powered Electrolysis (Traditional Hall-Heroult Process with Renewable Energy)

Solar Energy

Wind Energy

Hydro Energy

Hydrogen Powered Electrolysis

• CCUS Integration to Reduce Process Emissions
• Inert Anode Technology
• Drained Cathode Cell
• Recycled or Secondary Aluminum Production

Segmentation 3: by Country

• Germany
• France
• Russia
• Italy
• Spain
• U.K.
• Rest-of-Europe

Market Trends, Drives and Challenges of Europe Low-Carbon Aluminum Market

New developments in the low-carbon aluminum market in Europe include a shift to greener production methods driven by renewable energy sources and a rise in recycling programs. Strict government rules, environmental consciousness, and the quick uptake of electric vehicles-which require lightweight, sustainable materials-all serve as catalysts for these developments. Strategic investments in cutting-edge smelting and energy recovery technologies further accelerate market momentum, while European automakers and construction companies play a key role in promoting greener manufacturing practices. High production costs, restricted availability of reasonably priced green energy sources, and supply chain complexity are some of the market's obstacles. The industry's shift to low-carbon solutions is further complicated by the intense competition from traditional aluminum manufacturing, which demands large capital expenditures and technological advancements to fulfil changing sustainability criteria.

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

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