Bauxite Market Expected to Show Positive Growth Through 2031 - Rio Tinto, Alcoa Corporation, Guinea Alumina Corporation (GAC), Norsk Hydro

DataM Intelligence has released a new research report on the Bauxite market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Bauxite Market reached US$ 14.8 billion in 2022 and is expected to reach US$ 19.7 billion by 2031, growing with a CAGR of 3.7% during the forecast period 2024-2031.

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Bauxite is a sedimentary rock that is the primary ore of aluminum. It is composed mainly of aluminum hydroxide minerals, including gibbsite, boehmite, and diaspore, along with impurities such as iron oxides, silica, and titanium dioxide. Bauxite is typically found in tropical and subtropical regions and forms through the weathering of aluminum-rich rocks under specific climatic conditions. The extraction of aluminum from bauxite involves a two-step process: refining the bauxite to produce alumina (aluminum oxide) and then smelting the alumina to extract aluminum metal. Bauxite is essential in industries such as construction, transportation, packaging, and electronics due to the high demand for aluminum.

List of the Key Players in the Bauxite Market:

Rio Tinto, Alcoa Corporation, Guinea Alumina Corporation (GAC), Norsk Hydro, Australian Bauxite Limited, Rusal, Hindalco Industries Limited, BHP, Glencore International and Emirates Global Aluminium PJSC.

Key Developments:

In October 2023, the Odisha Mining Corporation and Hindalco Industries Ltd. announced a long-term supply agreement for bauxite ore. Hindalco plans to source the bauxite for its upcoming 2-million-ton alumina refinery and 150-MW captive power plant located in Kansariguda, Rayagada district, Odisha.

In September 2023, Adbri awarded ABx Group a contract to supply 90,000-120,000 tons of bauxite to its cement plant in Birkenhead, South Australia, starting in early 2024 and continuing for five years. Business News reported a "conservative" estimated value of US$5.4 million for the contract, with bauxite being sourced from ABx Group's DL130 mining operation. The project controls three bauxite resources, totaling 13.7 million tons in reserves.

In March 2023, India's leading producer and exporter of aluminum and alumina, National Aluminium Company Limited (NALCO), under the Ministry of Mines, successfully developed a Bauxite Certified Reference Material (CRM), known as BARC B1201, in collaboration with the Bhabha Atomic Research Centre (BARC).

Research Process:

Both primary and secondary data sources have been used in the global Bauxite Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Bauxite Market:

By Product: Metallurgical Grade, Refractory Grade, Others

By Application: Alumina for Metallurgical Purposes, Cement, Refractories, Abrasives, Others

By End-User: Automotive, Building and Construction, Aerospace and Defense, Packaging, Electrical and Electronics, Machinery and Equipment Manufacturing, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Bauxite market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Bauxite Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Bauxite market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Bauxite Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Bauxite market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Bauxite market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Bauxite market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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