Aluminun: New Products Launches to Offers Low-Carbon Aluminum

30 Jul
2022

 
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There has been a significant surge in the demand for aluminum in various countries, owing to its comprehensive application in various end-use industries such as construction, transportation, and electrical to name a few. Aluminum is extensively used in these industries due to its exceptionally lightweight nature, incredible resistance to dust, and immense degree of conductivity. Apart from that, significant development in the transportation industry and extensive technological advancements in aluminum manufacturing technologies and processing equipment are expected to create ample opportunities for the growth of the global aluminum market. According to the report published by Allied Market Research, the global aluminum market is expected to reach $258.3 billion by 2031, growing at a CAGR of 5.82% from 2022 to 2031. Companies are increasingly focusing on developing aluminum products that further create remunerative opportunities for the market.

  • New products to help attain Net Zero Carbon by 2050

Numerous players of the market in various countries are launching innovative aluminum products to effectively cater to needs of end-use industries. For instance, Vedanta Aluminium, one of the world's leading producers of aluminium and the largest aluminium producer that occupies nearly 40% market share in India, announced the launch of India’s first low carbon ‘green’ aluminium called ‘Restora’.

Vedanta unveiled two product lines namely, Restora and Restora Ultra. The former is a low carbon aluminium, whereas the latter is an ultra-low carbon aluminium. The company takes a dominant step ahead to promote the application of green products, and hence, it further drives its commitment to attain Net Zero Carbon by 2050. Both of these products have been verified as a low-carbon aluminium by an independent and the global verification assurance firm. Vedanta Aluminium is indigenously capable of making revolutionary Restora and Restora Ultra as Billets, Primary Foundry Alloy (PFA), Wire Rods, Slabs, P1020 Ingots, and more, to effectively cater to needs of various end-use industries. Both the products are a testament to Vedanta’s focus and vision towards ‘zero-waste’ through optimization of its operational efficiencies.

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  • New product to make architectural applications easy

The trend of launching low carbon aluminum products from prominent players of the market in various countries continues to gain massive momentum in the materials and chemicals industry. For instance, Novelis, Inc., a leading producer of rolled aluminum and the global leader in beverage can recycling, announced the launch of its anodizing quality aluminium product containing more than 90 percent recycled content known as Novelis HRC57S

Novelis HRC57S® is offered in flat sheet dimensions and as coil for further batch anodizing and processing. This product is specially launched to facilitate various architectural applications as it essentially allows façade installers, fabricators, architects, and building owners to attain more enthralling and luxurious designs than before. It also reduces the carbon footprint of new-build or redesigned structures. Stephen Boney, Vice President at Novelis Europe Specialties, mentioned in a statement that the launch of HRC57S® further expands company’s sustainable anodizing product suite for architectural applications.

Thus, innovative, sustainable aluminum product launches and growing application of aluminum in various end-use industries are expected to create ample opportunities for the growth of the global aluminum market.

 
Alex Hillsberg

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

 
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