Bauxite Mining Market to Reach a Revenue of Around US$ 8.23 Bn between 2018 & 2026

Bauxite Mining Market 2022

The global Bauxite Mining market is estimated to have been valued at US$ 12,423.8 Mn in 2018 and is projected to grow at a value CAGR of 6.6% and reach a value of US$ 20.6 Bn by the end of 2026. Moreover, the global market is anticipated to create total incremental $ opportunity of US$ 8.23 Bn between 2018 & 2026.

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PMR has released a new market study on "Bauxite Mining Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026", which does a deep dive analysis of the global Bauxite Mining market for the next eight years. The report evaluates all key macroeconomic factors. The report on Bauxite Mining market also discusses the dynamics in the global Bauxite Mining market and also analyses the latest trends and opportunities across the value chain of the Bauxite Mining market.

Key Companies- 

• Alcoa Corporation
• Rio Tinto Plc
• National Aluminium Company Limited
• Australian Bauxite Ltd.
• Gujarat Mineral Development Corporation Ltd.
• Norsk Hydro ASA
• Metro Mining Ltd
• ASHAPURA GROUP OF INDUSTRIES
• The Aluminium Corporation of China
• United Company Rusal PLC.
• Others.

Bauxite Mining Market: Overview

Bauxite is a rock with high aluminum content. It is the primary ore from which aluminum is extracted. Bauxite is one of the most abundant elements on earth. It contains nearly 25%-30% of alumina. Bauxite is generally found in the belt around the equator. It occurs mostly in tropical & subtropical regions, in horizontal layers beneath a few meters of the overburden. Bauxite is a mixture of aluminum hydroxides, clay minerals, hydrous aluminum oxides and insoluble materials, such as hematite, magnetite, quartz, goethite and siderite. Aluminum minerals in Bauxite include gibbsite Al(OH)3, diaspore, AlO(OH) and boehmite AlO(OH).

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Bauxite Mining Market: Dynamics Influencing Growth

The global primary aluminum production increased by 5.8% in 2017. The outlook for the aluminum industry continues to be positive in spite of the ongoing political uncertainty due to various political stances, such as import tariffs by the U.S. on aluminum, Brexit and concerns that China, as the world's leading producer of aluminium and its semi-finished products, might increase its exports to the European markets.

Bauxite is the key aluminium containing ore with more than 35% to 40% of aluminium content. Thus, due to increasing primary aluminum production, demand for Bauxite is expected to rise significantly in future.

However, Bauxite Mining has a direct impact on nature and surroundings. Air pollution, water pollution and soil & food contamination are the major after-effects of Bauxite Mining.

Bauxite Mining Market: Forecast

By region, China is projected to dominate the Bauxite Mining market in terms of consumption. Moreover, China is the world's largest producer of aluminium products across the globe. This also makes the region the most important consumer of Bauxite and alumina, both of which are required for the manufacturing of aluminium products. The country is projected to grow at a prominent CAGR of 6.4% during the forecast period and is also expected to maintain its dominance throughout the forecast period.

By application, in terms of value & volume both, the production of alumina segment is expected to dominate the global Bauxite Mining market throughout the projected period. The alumina application segment in the Bauxite Mining market is projected to create incremental $ opportunity worth US$ 7,845.5 Mn between 2018 & 2026.

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Key Questions answered in the Bauxite Mining Market Report -

• How has the Bauxite Mining market evolved over the past five years?
• What shape is the Bauxite Mining market expected to take in terms of volume and value during the study period?
• What are some of the competition developments and trends in the Bauxite Mining market?
• What are the prevailing market dynamics in the Bauxite Mining market?
• What are the underlying macro-economic and industry factors impacting the growth of the Bauxite Mining market?
• What are the market positioning and key strategies of key manufacturers as per the Bauxite Mining market taxonomy?
• Which are the key challenges, opportunities and improvement factors for Bauxite Mining market players?
• How is the competition structured in the Bauxite Mining market and how has it evolved over the past few years?

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