Table of Content

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 Application
2.1 Application Segmentation
2.2 Application Summary
2.3 Low-Carbon Aluminum Market (by End-User)
2.3.1 Transportation
2.3.2 Building and Construction
2.3.3 Electrical Industry
2.3.4 Consumer Goods
2.3.5 Foil and Packaging
2.3.6 Machinery and Equipment
2.3.7 Others

3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Low-Carbon Aluminum Market (by Production Pathway at Smelter Level)
3.3.1 Primary Aluminum Production
3.3.1.1 Renewable-Powered Electrolysis (Traditional Hall Héroult Process with Renewable Energy)
3.3.1.1.1 Solar Energy
3.3.1.1.2 Wind Energy
3.3.1.1.3 Hydro Energy
3.3.1.1.4 Hydrogen Powered Electrolysis
3.3.1.2 CCUS Integration to Reduce Process Emissions
3.3.1.3 Inert Anode Technology
3.3.1.4 Drained Cathode Cell
3.3.2 Recycled or Secondary Aluminum Productions
3.4 Low-Carbon Aluminum Market (by Non-Commercialized Pathways)
3.4.1 Aluminum Carbothermic Reduction
3.4.2 Direct Reduction of Alumina (Hydrogen-Based Electrolysis)
3.4.3 Processing Using Intermediates Derived from Alumina
3.4.3.1 Sulfide and Chloride Processing

4 Region
4.1 Regional Summary
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.3.1 Application
4.2.3.2 Product
4.2.4 U.S.
4.2.4.1 Application
4.2.4.2 Product
4.2.5 Canada
4.2.5.1 Application
4.2.5.2 Product
4.2.6 Mexico
4.2.6.1 Application
4.2.6.2 Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.3.1 Application
4.3.3.2 Product
4.3.4 Germany
4.3.4.1 Application
4.3.4.2 Product
4.3.5 France
4.3.5.1 Application
4.3.5.2 Product
4.3.6 Russia
4.3.6.1 Application
4.3.6.2 Product
4.3.7 Italy
4.3.7.1 Application
4.3.7.2 Product
4.3.8 Spain
4.3.8.1 Application
4.3.8.2 Product
4.3.9 U.K.
4.3.9.1 Application
4.3.9.2 Product
4.3.10 Rest-of-Europe
4.3.10.1 Application
4.3.10.2 Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.3.1 Application
4.4.3.2 Product
4.4.4 China
4.4.4.1 Application
4.4.4.2 Product
4.4.5 Japan
4.4.5.1 Application
4.4.5.2 Product
4.4.6 India
4.4.6.1 Application
4.4.6.2 Product
4.4.7 South Korea
4.4.7.1 Application
4.4.7.2 Product
4.4.8 ASEAN
4.4.8.1 Application
4.4.8.2 Product
4.4.9 Rest-of-Asia-Pacific
4.4.9.1 Application
4.4.9.2 Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.3.1 Application
4.5.3.2 Product
4.5.4 South America
4.5.4.1 Application
4.5.4.2 Product
4.5.5 Middle East and Africa
4.5.5.1 Application
4.5.5.2 Product

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Vedanta Aluminium & Power
5.2.1.1 Overview
5.2.1.2 Top Competitors
5.2.1.3 Top Products/Product Portfolio
5.2.1.4 Target Customers/End-Use Industries
5.2.1.5 Key Personnel
5.2.1.6 Analyst View
5.2.1.7 Market Share, 2023
5.2.2 Century Aluminum Company
5.2.2.1 Overview
5.2.2.2 Top Competitors
5.2.2.3 Top Products/Product Portfolio
5.2.2.4 Target Customers/End-Use Industries
5.2.2.5 Key Personnel
5.2.2.6 Analyst View
5.2.2.7 Market Share, 2023
5.2.3 RUSAL
5.2.3.1 Overview
5.2.3.2 Top Competitors
5.2.3.3 Top Products/Product Portfolio
5.2.3.4 Target Customers/End-Use Industries
5.2.3.5 Key Personnel
5.2.3.6 Analyst View
5.2.3.7 Market Share, 2023
5.2.4 Norsk Hydro ASA
5.2.4.1 Overview
5.2.4.2 Top Competitors
5.2.4.3 Top Products/Product Portfolio
5.2.4.4 Target Customers/End-Use Industries
5.2.4.5 Key Personnel
5.2.4.6 Analyst View
5.2.4.7 Market Share, 2023
5.2.5 Alcoa Corporation
5.2.5.1 Overview
5.2.5.2 Top Competitors
5.2.5.3 Top Products/Product Portfolio
5.2.5.4 Target Customers/End-Use Industries
5.2.5.5 Key Personnel
5.2.5.6 Analyst View
5.2.5.7 Market Share, 2023
5.2.6 China Hongqiao Group Limited
5.2.6.1 Overview
5.2.6.2 Top Competitors
5.2.6.3 Top Products/Product Portfolio
5.2.6.4 Target Customers/End-Use Industries
5.2.6.5 Key Personnel
5.2.6.6 Analyst View
5.2.6.7 Market Share, 2023
5.2.7 Emirates Global Aluminum PJSC
5.2.7.1 Overview
5.2.7.2 Top Competitors
5.2.7.3 Top Products/Product Portfolio
5.2.7.4 Target Customers/End-Use Industries
5.2.7.5 Key Personnel
5.2.7.6 Analyst View
5.2.7.7 Market Share, 2023
5.2.8 Capral Limited
5.2.8.1 Overview
5.2.8.2 Top Competitors
5.2.8.3 Top Products/Product Portfolio
5.2.8.4 Target Customers/End-Use Industries
5.2.8.5 Key Personnel
5.2.8.6 Analyst View
5.2.8.7 Market Share, 2023
5.2.9 Constellium SE
5.2.9.1 Overview
5.2.9.2 Top Competitors
5.2.9.3 Top Products/Product Portfolio
5.2.9.4 Target Customers/End-Use Industries
5.2.9.5 Key Personnel
5.2.9.6 Analyst View
5.2.9.7 Market Share, 2023
5.2.10 Aluar Aluminio Argentino S.A.I.C.
5.2.10.1 Overview
5.2.10.2 Top Competitors
5.2.10.3 Top Products/Product Portfolio
5.2.10.4 Target Customers/End-Use Industries
5.2.10.5 Key Personnel
5.2.10.6 Analyst View
5.2.10.7 Market Share, 2023
5.2.11 Volta Aluminium Company Limited
5.2.11.1 Overview
5.2.11.2 Top Competitors
5.2.11.3 Top Products/Product Portfolio
5.2.11.4 Target Customers/End-Use Industries
5.2.11.5 Key Personnel
5.2.11.6 Analyst View
5.2.11.7 Market Share, 2023
5.2.12 Runaya
5.2.12.1 Overview
5.2.12.2 Top Competitors
5.2.12.3 Top Products/Product Portfolio
5.2.12.4 Target Customers/End-Use Industries
5.2.12.5 Key Personnel
5.2.12.6 Analyst View
5.2.12.7 Market Share, 2023
5.2.13 Rio Tinto
5.2.13.1 Overview
5.2.13.2 Top Competitors
5.2.13.3 Top Products/Product Portfolio
5.2.13.4 Target Customers/End-Use Industries
5.2.13.5 Key Personnel
5.2.13.6 Analyst View
5.2.13.7 Market Share, 2023
5.2.14 CBA
5.2.14.1 Overview
5.2.14.2 Top Competitors
5.2.14.3 Top Products/Product Portfolio
5.2.14.4 Target Customers/End-Use Industries
5.2.14.5 Key Personnel
5.2.14.6 Analyst View
5.2.14.7 Market Share, 2023
5.2.15 South32
5.2.15.1 Overview
5.2.15.2 Top Competitors
5.2.15.3 Top Products/Product Portfolio
5.2.15.4 Target Customers/End-Use Industries
5.2.15.5 Key Personnel
5.2.15.6 Analyst View
5.2.15.7 Market Share, 2023
5.2.16 PT Indonesia Asahan Aluminium
5.2.16.1 Overview
5.2.16.2 Top Competitors
5.2.16.3 Top Products/Product Portfolio
5.2.16.4 Target Customers/End-Use Industries
5.2.16.5 Key Personnel
5.2.16.6 Analyst View
5.2.16.7 Market Share, 2023
5.2.17 Novelis
5.2.17.1 Overview
5.2.17.2 Top Competitors
5.2.17.3 Top Products/Product Portfolio
5.2.17.4 Target Customers/End-Use Industries
5.2.17.5 Key Personnel
5.2.17.6 Analyst View
5.2.17.7 Market Share, 2023
5.2.18 Eti Aluminyum
5.2.18.1 Overview
5.2.18.2 Top Competitors
5.2.18.3 Top Products/Product Portfolio
5.2.18.4 Target Customers/End-Use Industries
5.2.18.5 Key Personnel
5.2.18.6 Analyst View
5.2.18.7 Market Share, 2023
5.2.19 Speira GmbH
5.2.19.1 Overview
5.2.19.2 Top Competitors
5.2.19.3 Top Products/Product Portfolio
5.2.19.4 Target Customers/End-Use Industries
5.2.19.5 Key Personnel
5.2.19.6 Analyst View
5.2.19.7 Market Share, 2023
5.2.20 Aluminium Dunkerque
5.2.20.1 Overview
5.2.20.2 Top Competitors
5.2.20.3 Top Products/Product Portfolio
5.2.20.4 Target Customers/End-Use Industries
5.2.20.5 Key Personnel
5.2.20.6 Analyst View
5.2.20.7 Market Share, 2023

6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast

List of Figures
Figure 1: Low-Carbon Aluminum Market (by Scenario), $Billion, 2024, 2028, and 2034
Figure 2: Low-Carbon Aluminum Market (by Region), $Billion, 2023, 2028, and 2034
Figure 3: Low-Carbon Aluminum Market (by End User), $Billion, 2023, 2028, and 2034
Figure 4: Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023, 2028, and 2034
Figure 5: Key Events
Figure 6: Sector-Wide Emissions Reduction Trajectory
Figure 7: Primary Electricity-Related Emissions, in Ton CO? per Ton Aluminum Produced, 2020-2050
Figure 8: Primary All Other Emissions, in Ton CO? per Ton Aluminum Produced, 2020-2025
Figure 9: Production Volumes in Europe, Metric Tons, 2015 and 2021
Figure 10: European GHG Emissions, Per Ton of Aluminum Ingot and Type of Emissions, 2023
Figure 11: GHG Footprint of the Aluminum Sector, 2023
Figure 12: Reductions by Decade Compared to 2021
Figure 13: Global End-Use of Aluminum, 2019
Figure 14: Impact Analysis of Low-Carbon Aluminum Market Navigating Factors, 2024-2034
Figure 15: Process-Wise Greenhouse Gas Emissions, Tons of Carbon Dioxide per Ton of Primary Aluminum Produced, 2023
Figure 16: Patent Analysis (by Year), January 2021-December 2024
Figure 17: Patent Analysis (by Country), January 2021-December 2024
Figure 18: Aluminum Trade Analysis - Net Trade (by Region), $Billion, 2021-2023
Figure 19: Aluminum Trade Analysis - Net Trade (by Region), $Billion, 2021-2023
Figure 20: U.S. Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 21: Canada Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 22: Mexico Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 23: Germany Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 24: France Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 25: Russia Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 26: Italy Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 27: Spain Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 28: U.K. Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 29: Rest-of-Europe Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 30: China Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 31: Japan Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 32: India Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 33: South Korea Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 34: ASEAN Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 35: Rest-of-Asia-Pacific Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 36: South America Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 37: Middle East and Africa Low-Carbon Aluminum Market, $Billion, 2023-2034
Figure 38: Strategic Initiatives, January 2021-December 2024
Figure 39: Data Triangulation
Figure 40: Top-Down and Bottom-Up Approach
Figure 41: Assumptions and Limitations

List of Tables
Table 1: Market Snapshot
Table 2: Opportunities across Regions
Table 3: Competitive Landscape Snapshot
Table 4: Recent Investments in Low-Carbon Aluminum
Table 5: Recent Government Activities toward Low-Carbon Infrastructure
Table 6: Timeline of the ASI-Endorsed Method
Table 7: Scenario-Based Forecasted Electricity Grid Developments
Table 8: Regulatory/Certification Bodies in Low-Carbon Aluminum Market
Table 9: Recent Government Programs in Low-Carbon Aluminum Market
Table 10: Key Research Institutes and University Programs in Low-Carbon Aluminum Market
Table 11: Recent R&D Initiatives in Low-Carbon Aluminum Market
Table 12: Start-ups and Investment Landscape
Table 13: Low-Carbon Aluminum Market (by Region), $/Ton, 2023-2034
Table 14: Greenhouse Gas Emissions Intensity - Primary Aluminum, Tons of CO2e per Ton of Primary Aluminum, 2023
Table 15: Greenhouse Gas Emissions - Aluminum Sector, Overall CO2 Emissions, Million Tons of CO2e, 2023
Table 16: List of Key Operating Aluminum Plants, 2023
Table 17: Application Summary
Table 18: Product Summary
Table 19: Low-Carbon Aluminum Market (by Region), $Billion, 2023-2034
Table 20: North America Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 21: North America Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 22: U.S. Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 23: U.S. Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 24: Canada Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 25: Canada Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 26: Mexico Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 27: Mexico Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 28: Europe Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 29: Europe Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 30: Germany Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 31: Germany Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 32: France Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 33: France Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 34: Russia Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 35: Russia Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 36: Italy Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 37: Italy Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 38: Spain Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 39: Spain Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 40: U.K. Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 41: U.K. Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 42: Rest-of-Europe Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 43: Rest-of-Europe Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 44: Asia-Pacific Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 45: Asia-Pacific Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 46: China Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 47: China Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 48: Japan Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 49: Japan Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 50: India Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 51: India Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 52: South Korea Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 53: South Korea Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 54: ASEAN Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 55: ASEAN Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 56: Rest-of-Asia-Pacific Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 57: Rest-of-Asia-Pacific Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 58: Rest-of-the-World Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 59: Rest-of-the-World Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 60: South America Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 61: South America Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 62: Middle East and Africa Low-Carbon Aluminum Market (by End User), $Billion, 2023-2034
Table 63: Middle East and Africa Low-Carbon Aluminum Market (by Production Pathway at Smelter Level), $Billion, 2023-2034
Table 64: Global Market Share, 2023