Bauxite Mining Market is Projected to grow at a significant CAGR of 6.6% and reach US$ 20.6 Bn by 2026-end

Bauxite Mining Market

The global Bauxite Mining market is estimated to have been valued at US$ 12.42 Bn 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$ 8.2 Bn between 2018 & 2026.

Bauxite is a rock that is composed of aluminum hydroxide and other minerals. It is the main ore of aluminum. Bauxite was first discovered in 1821 by Pierre Berthier, who found it while exploring for gold in Les Baux-de-Provence, France. The name bauxite comes from the town of Les Baux-de-Provence. Bauxite deposits are found in many parts of the world, including Africa, South America, Central America, India, and Australia.

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Starting with the overview of Bauxite Mining Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2030.

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.

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).

Furthermore, in the global market of Bauxite Mining, some of the top Bauxite Mining countries are Australia, China, Guinea, Brazil & India. These countries are the top 5 Bauxite Mining countries and held 86.2% share in the total production of Bauxite globally in 2017. Similarly, the top 5 Bauxite consuming countries are China, Brazil, Australia, India & Russia. These countries held 81% share in total Bauxite consumption in 2017.

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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: Segmentation

Bauxite Mining Market By Application

• Production of Alumina
• Non-Metallurgical Products
o Abrasives
o Refractories
o Chemicals
o Others

Bauxite Mining Market By Regions

• North America
• Latin America
• Europe
• SEA & Pacific
• Middle East & Africa
• China

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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?

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