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Global Bauxite Market to reach USD 17.54 billion by 2028.

Global Bauxite Market Size study, by Product (Metallurgical, Refractory) by Application (Alumina for Metallurgical Purposes, Cement, Refractories, Abrasives, and Other Applications) and Regional Forecasts 2022-2028

Product Code: CMGMM-38581715
Publish Date: 23-05-2022
Page: 200

Global Bauxite Market is valued approximately USD 15.59 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.70 % over the forecast period 2022-2028. Bauxite is an amorphous clayey rock that is the commercial ore of aluminium and majorly contains hydrated alumina with variable proportions of iron oxides. After iron , aluminium comes as the world’s most used metal as it has a wide range of applications in transportation and packaging sector owing to its properties such as high chemical stability in different environments, high melting point, hardness strength, and electrical resistance. Increase in demand of alumina for industrial and automotive sectors is acting as a major driver of this market . Rising demand for aluminum flat-rolled products in automotive industries and its usage as a raw material in making refractory products is making its manufacturers increase their production capacity, thereby further fueling the demand for bauxite. The demand for aluminium is expected to rise due to favourable government regulations for electric vehicles (EVs) and increased investment in the development of lightweight automobiles. In the projection period, this trend is likely to be beneficial to the bauxite industry’s growth. Volvo Cars, for example, agreed in February 2022 to invest in aluminium massive casting at its Torslanda manufacturing factory in Sweden. The investment is about USD 1.1 billion, and the giant casting simplifies the manufacturing process while lowering the overall environmental impact. However, environmental concern related to bauxite mining and the use of magnesium alloy and carbon fiber as the primary substitutes for aluminum in the automotive sector impedes the growth of the market over the forecast period of 2022-2028. =

The key regions considered for the Global Bauxite Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia pacific region is expected to dominate the market owing to rapid industrialization and an increase in usage of aluminum in various industries, such as building and construction, foil and packaging, the demand for bauxite continues to increase in the region. North America is expected to register the fastest growth across the forecast period. The widespread presence of numerous end-users in the region along with large-scale automobile plants, a robust construction industry, and infrastructural developments are propelling the demand for alumina, which is further anticipated to benefit the demand for bauxite in the forecast period.

Major market player included in this report are:
Alcoa Corporation
Rio Tinto
Aluminium Corporation of China Limited (CHALCO)
Norsk Hydro ASA
South 32
Hindalco Industries Ltd.
Emirates Global Aluminium PJSC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:

By Application:
Alumina for metallurgical purposes
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Bauxite Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Bauxite Market, by Region, 2020-2028 (USD Billion)
1.2.2. Bauxite Market, by Product, 2020-2028 (USD Billion)
1.2.3. Bauxite Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bauxite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bauxite Market Dynamics
3.1. Bauxite Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Continuous Usage of Alumina from Industrial Applications Accelerating Usage in the Cement Industries
3.1.2. Market Challenges Environmental Concern Related to Bauxite Mining Use of Magnesium alloy and carbon fiber as substitute for alumina
3.1.3. Market Opportunities The favorable government policies for electric vehicles (EV)
Chapter 4. Global Bauxite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Bauxite Market, by Product
6.1. Market Snapshot
6.2. Global Bauxite Market by Product, Performance – Potential Analysis
6.3. Global Bauxite Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Bauxite Market, Sub Segment Analysis
6.4.1. Metallurgical
6.4.2. Refractory
Chapter 7. Global Bauxite Market, by Applications
7.1. Market Snapshot
7.2. Global Bauxite Market by Application, Performance – Potential Analysis
7.3. Global Bauxite Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. Bauxite Market, Sub Segment Analysis
7.4.1. Alumina for Metallurgical purposes
7.4.2. Cement
7.4.3. Refractories
7.4.4. Abrasives
7.4.5. Others
Chapter 8. Global Bauxite Market, Regional Analysis
8.1. Bauxite Market, Regional Market Snapshot
8.2. North America Bauxite Market
8.2.1. U.S. Bauxite Market Product breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Bauxite Market
8.3. Europe Bauxite Market Snapshot
8.3.1. U.K. Bauxite Market
8.3.2. Germany Bauxite Market
8.3.3. France Bauxite Market
8.3.4. Spain Bauxite Market
8.3.5. Italy Bauxite Market
8.3.6. Rest of Europe Bauxite Market
8.4. Asia-Pacific Bauxite Market Snapshot
8.4.1. China Bauxite Market
8.4.2. India Bauxite Market
8.4.3. Japan Bauxite Market
8.4.4. Australia Bauxite Market
8.4.5. South Korea Bauxite Market
8.4.6. Rest of Asia Pacific Bauxite Market
8.5. Latin America Bauxite Market Snapshot
8.5.1. Brazil Bauxite Market
8.5.2. Mexico Bauxite Market
8.6. Rest of The World Bauxite Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Alcoa Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Rio Tinto
9.2.3. Aluminium Corporation of China Limited (CHALCO)
9.2.4. Norsk Hydro ASA
9.2.5. South 32
9.2.6. Rusal
9.2.7. NALCO India
9.2.8. Hindalco Industries Ltd.
9.2.9. Emirates Global Aluminium PJSC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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