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Bauxite Market

Global Bauxite Market Share, Trends, Analysis, Forecast: By Grade: Refractory Grade, Metallurgical Grade; By Application: Alumina Production, Cement, Refractory, Abrasives, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Bauxite Market Outlook

The global bauxite market reached a value of USD 16.75 billion in 2023. The market is expected to grow at a CAGR of 6.10% in the forecast period of 2024-2032 to attain a value of USD 28.59 billion by 2032.

 

Global Bauxite Market

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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: Market 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.

 

Global Bauxite Market By Grade

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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:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Bauxite Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Grade
  • Application
  • Region
Breakup by Grade
  • Refractory Grade
  • Metallurgical Grade
Breakup by Application
  • Alumina Production
  • Cement
  • Refractory
  • Abrasives
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Alcoa Corporation
  • Norsk Hydro ASA
  • South32 Limited
  • Aluminum Corporation of China Limited
  • Rio Tinto Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Bauxite Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bauxite Historical Market (2018-2023) 
    8.3    Global Bauxite Market Forecast (2024-2032)
    8.4    Global Bauxite Market by Grade
        8.4.1    Refractory Grade
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Metallurgical Grade
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Bauxite Market by Application
        8.5.1    Alumina Production
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Cement
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Refractory
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Abrasives
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others 
    8.6    Global Bauxite Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Bauxite Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Bauxite Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Bauxite Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Bauxite Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Bauxite Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Alcoa Corporation
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Norsk Hydro ASA
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    South32 Limited
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Aluminum Corporation of China Limited
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Rio Tinto Limited
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Bauxite Market: Key Industry Highlights, 2018 and 2032
2.    Global Bauxite Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Bauxite Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Bauxite Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Bauxite Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Bauxite Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Bauxite Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Bauxite Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Bauxite Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Bauxite Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Bauxite Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Bauxite Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Bauxite Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Bauxite Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Bauxite Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Bauxite Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Bauxite Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2032
19.    Europe Historical Price Trends and Forecast 2018-2032
20.    Asia Pacific Historical Price Trends and Forecast 2018-2032
21.    Latin America Historical Price Trends and Forecast 2018-2032
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
23.    Global Bauxite Market Structure

Key Questions Answered in the Report

In 2023, the market size attained a value of approximately USD 16.75 billion.

The market is projected to grow at a CAGR of 6.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 28.59 billion by 2032.

The major drivers of the market are the rising demand for energy, and the growing technological advancements.

The key trends guiding the growth of the market include the technological advancements and the rising demand from the developing regions.

The major regions in the market 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 deposit types of barite in the market are bedding, residual, vein, and cavity filling, among others.

The major end uses in the market are paints and coatings, textiles, rubber and plastics, adhesives, and pharmaceuticals, among others.

The major players in the global barite market are Intercontinental Mining, The Kish Company, Inc., Steinbock Minerals Ltd, International Earth Products LLC, and Desku Group Inc., among others.

Analyst Review

The global bauxite market attained a value of USD 16.75 billion in 2023, 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 2024-2032, growing at a CAGR of 6.10%. The market is projected to reach USD 28.59 billion by 2032.

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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