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Global Bauxite Market: By Grade: Refractory Grade, Metallurgical Grade; By Application: Alumina Production, Cement, Refractory, Abrasives, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Bauxite Market Outlook
The global bauxite market reached a value of USD 14 billion in 2020. The market is expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to attain a value of USD 20 billion by 2026.
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The Asia Pacific Region to Witness a Rapid Growth in the Bauxite Industry, Owing to the Increasing Demand for Aluminium
Region-wise, North America is predicted to hold a significant market share for bauxite over the forecast period. The region is followed by Europe and the Asia Pacific. The rising demand from the Asia Pacific region can be attributed to the increasing demand for aluminium. The market is further aided by the expected rapid expansion of bauxite mining in the Latin America and the Middle East and Africa regions over the forecast period. The product is extensively used in the chemical, abrasive, steel, cement, refractory, and other industries. The increasing demand for these products is aiding the market growth of bauxite. Bauxite is directly used in chemicals for the manufacture of aluminium sulphate, which is employed as a flocculating agent in water and sewage treatment.
Bauxite: Industry Definition and Segmentation
Bauxite is a silt rock, that has a high aluminium content. It is the main source of aluminium in the world. Primarily, bauxite consists of minerals like gibbsite, hematite, boehmite, anatase, goethite, and ilmenite. It is generally found near the surface of the terrain; therefore, strip mining, a form of surface mining, is conducted.
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On the basis of grade, the market is divided into:
- Refractory Grade
- Metallurgical Grade
Based on application, the industry can be segmented into:
- Alumina Production
- Cement
- Refractory
- Abrasives
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Extensive Applications of Bauxite to Aid the Growth of the Global Market
The bauxite industry is driven by its use in the manufacture of aluminium chemicals. Aluminium tristrearate is used as a lubricating grease, textile finishing agent, and as a gelling agent. The wide applications of the product are aiding the market growth of bauxite. Moreover, the product is used as a raw material in the production of refractory products owing to its high melting point. The refractory grade bauxite is employed in the manufacturing of bricks to align the roof of electric arc steel making blast furnace, furnaces, and stoves. In addition, in the abrasive industry, the fusion of calcined bauxite produces abrasive grains. These factors are expected to propel the market growth of bauxite in the coming years.
Key Industry Players in the Global Bauxite Market
The report gives a detailed analysis of the following key players in the global bauxite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Alcoa Corporation
- Norsk Hydro ASA
- South32 Limited
- Aluminum Corporation of China Limited
- Rio Tinto Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Bauxite Market Analysis
8.1 Key Industry Highlights
8.2 Global Bauxite Historical Market (2016-2020)
8.3 Global Bauxite Market Forecast (2021-2026)
8.4 Global Bauxite Market by Grade
8.4.1 Refractory Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Metallurgical Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Bauxite Market by Application
8.5.1 Alumina Production
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Cement
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Refractory
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Abrasives
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Bauxite Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East & Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Alcoa Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Norsk Hydro ASA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 South32 Limited
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Aluminum Corporation of China Limited
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Rio Tinto Limited
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Bauxite Market: Key Industry Highlights, 2016 and 2026
2. Global Bauxite Historical Market: Breakup by Product (USD Billion), 2016-2020
3. Global Bauxite Market Forecast: Breakup by Product (USD Billion), 2021-2026
4. Global Bauxite Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Bauxite Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Bauxite Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Bauxite Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Bauxite Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Bauxite Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Bauxite Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Bauxite Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Bauxite Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Bauxite Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Bauxite Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Bauxite Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Bauxite Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Bauxite Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. North America Historical Price Trends and Forecast 2016-2026
19. Europe Historical Price Trends and Forecast 2016-2026
20. Asia Pacific Historical Price Trends and Forecast 2016-2026
21. Latin America Historical Price Trends and Forecast 2016-2026
22. Middle East and Africa Historical Price Trends and Forecast 2016-2026
23. Global Bauxite Market Structure
Key Questions Answered in the Report
In 2020, the global bauxite market attained a value of nearly USD 14 billion.
The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 20 billion by 2026.
The major drivers of the industry, such as the product’s extensive applications, increasing disposable incomes, rising demand from the developing regions, and increasing demand for aluminium, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of bauxite in the market are refractory grade and metallurgical grade.
The significant application segments in the industry are alumina production, cement, refractory, and abrasives, among others.
The major players in the industry are Alcoa Corporation, Norsk Hydro ASA, South32 Limited, Aluminum Corporation of China Limited, and Rio Tinto Limited, among others.
Analyst Review
The global bauxite market attained a value of USD 14 billion in 2020, driven by the rising demand for aluminium. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.2%. The market is projected to reach USD 20 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market is bifurcated into refractory grade and metallurgical grade. By application, the industry is divided into alumina production, cement, refractory, and abrasives, among others. The major regional markets for bauxite are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alcoa Corporation, Norsk Hydro ASA, South32 Limited, Aluminum Corporation of China Limited, and Rio Tinto Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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