According to a research report published by Spherical Insights & Consulting, the Global Sustainable Aluminum Market Size is Expected to Grow at a CAGR of 5.8% during the forecast period 2023-2033.

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Aluminum is a ductile, non-magnetic metal that is essential to modern trade and manufacturing because of its strength and lightweight. Industries like aerospace and automotive have been transformed by its lightweight nature, and its multiple recycling capabilities make it sustainable. Compared to producing aluminum raw, recycling aluminum can save up to 95% of energy. Its significance in modern culture is demonstrated by its extensive use in consumer goods, packaging, and transportation systems. The growth of the sustainable aluminum market is being driven by increased demand from OEMs and electric vehicles. A new program has been started by the International Aluminium Institute (IAI) to monitor member companies’ progress in cutting greenhouse gas emissions. This initiative, which will be introduced at the United Nations Climate Change Conference (COP 28) in Dubai, has the support of major producers. The food, packaging, and pharmaceutical sectors are propelling the growth of the aluminum market because of its value, high recycling rate, and sustainable, non-toxic packaging, which makes it a promising material for green buildings. However, the downturn in the automotive industry over the last few years has held the market back. The International Monetary Fund (IMF) has determined that the automobile industry is a major cause of the overall industrial production lag.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Sustainable Aluminum Market Size, Share, and COVID-19 Impact Analysis, By Product (Sheet, Plate, Cast Products, Extrusion, and Others), By Processing Method (Rolling, Extruding, Casting, Forging, Drawn, and Others), By End-Use (Construction, Transportation (Aerospace, Automotive, and Marine), Packaging (Food & Beverages, Cosmetics, and Others), Electrical, Consumer Durables, Machinery & Equipment, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The cast products segment is predicted to hold the largest market share through the forecast period.

Based on the product, the sustainable aluminum market is classified into sheet, plate, cast products, extrusion, and others. Among these, the cast products segment is predicted to hold the largest market share through the forecast period. Cast aluminum’s affordability makes it a versatile material that can be found in a wide range of products, from automobile parts to personal gadgets.

The casting segment is anticipated to hold the fastest market share during the projected timeframe. 

Based on the processing method, the sustainable aluminum market is divided into rolling, extruding, casting, forging, drawn, and others. Among these, the casting segment is anticipated to hold the fastest market share during the projected timeframe. The precision, tight tolerances, and near-net shape of aluminum castings make them versatile and widely used in a variety of industries, including electronics, building and construction, military, and defense.

The construction segment is anticipated to hold the largest market share during the projected timeframe.   

Based on the end-use, the sustainable aluminum market is divided into construction, transportation (aerospace, automotive, and marine), packaging (food & beverages, cosmetics, and others), electrical, consumer durables, machinery & equipment, and others. Among these, the construction segment is anticipated to hold the largest market share during the projected timeframe. The expansion of construction and infrastructure development projects, along with the rising demand for interior countertops and cladding products, are the main factors propelling the category’s growth.

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Asia Pacific is estimated to hold the largest share of the sustainable aluminum market over the forecast period.

Asia Pacific is estimated to hold the largest share of the sustainable aluminum market over the forecast period. In China and India, the use of aluminum in building, infrastructure development, and urbanization is propelling regional expansion. Aluminum is used extensively in the automotive industry to reduce emissions and improve fuel efficiency. The market is being supported by the packaging sector and metal recycling. The aluminum packaging industry is expanding as a result of China’s expanding aircraft fleet and rising aluminum demand.

North America is predicted to have the fastest CAGR growth in the sustainable aluminum market over the forecast period. Al’s strong strength-to-weight ratio in the quickly expanding aircraft industry, its sustainability-focused applications in manufacturing, packaging, and construction, and its use by EV manufacturers to lighten their vehicles are the main factors driving the market expansion in this region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global sustainable aluminum market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the sustainable aluminum market include Novelis, Constellium SE, Norsk Hydro ASA, Rio Tinto, Speira, Kaiser Aluminum, AMAG Austria Metall AG, Arconic, TRIMET Aluminium, Tomra Recycling, Ball Corporation, UACJ Corporation, Rusal, and Others.

Recent Development

• In April 2024, Hydro provided NOK 240 million to fund the specially built recycling facility near the main aluminum plant in Høyanger. Hydro’s casting products will have an even smaller carbon footprint because aluminum is recovered. With an annual capacity of 36,000 tons of post-consumer aluminum scrap, the facility is the first of its kind in Norway.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sustainable aluminum market based on the below-mentioned segments:

Global Sustainable Aluminum Market, By Product

• Sheet
• Plate
• Cast Products
• Extrusion
• Others

Global Sustainable Aluminum Market, By Processing Methods

• Rolling
• Extruding
• Casting
• Forging
• Drawn
• Others

Global Sustainable Aluminum Market, By End-Use

• Construction
• Transportation
• Aerospace
• Automotive
• Marine
• Packaging
• Food & Beverages
• Cosmetics
• Others
• Electrical
• Consumer Durables
• Machinery & Equipment
• Others

Global Sustainable Aluminum Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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