Fairfield Market Research Bauxite Market Size, Share, Growth, Trends, Type, Report, 2030

Bauxite Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Chemicals & Materials


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Rising Demand for Aluminium in Automobile Industry to Fuel Growth of Bauxite Market

Stringent government regulations on carbon dioxide emissions have compelled automobile manufacturers to produce fuel-efficient lightweight vehicles; thus, superior properties of aluminium have resulted in its increased adoption in automotive industries to manufacture lightweight vehicle parts. As a result, an increase in aluminium usage drives the growth of the bauxite market. According to the International Energy Agency (IEA), global electric car sales will have more than doubled to 6.6 million in 2021, accounting for over 9% of global car sales, up from 3 million in 2020 and 4.1% of total car sales.

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. This trend is likely to be beneficial to the bauxite industry's growth over the forecast period. For instance, in February 2022, Volvo Cars has decided to invest in aluminium mega casting at its Torslanda plant in Sweden. The investment is worth USD 1.1 billion, and the mega casting simplifies the manufacturing process while lowering the overall environmental footprint.

Rising demand for aluminium flat-rolled products in the automotive industry is forcing manufacturers to increase production capacity, driving up demand for bauxite. In October 2021, Novelis Inc., a leading manufacturer of aluminium flat-rolled products, announced a USD 30 million investment in its Oswego plant.

High Chemical Stability of Bauxite to Fuel Metallurgical Grade Category in Bauxite

Alumina production is expected to have the largest revenue share of the global bauxite market. Alumina is derived from bauxite and is widely used in a variety of industries due to properties such as high chemical stability in a variety of environments, high melting point, hardness strength, and electrical resistance. One of the market's most important application segments is refractory. It is a material used inside a furnace to protect the structures from corrosion and high temperatures. Steel, glass, ceramics, cement, and petrochemicals are all industries that use refractories. Cement is another application segment of the market that is expected to grow rapidly over the forecast period. The bauxite residue is being used as an additive in the manufacture of Portland cement clinkers. Greece, India, Ukraine, China, Moldova, Georgia, and Russia are among the major countries that currently use bauxite residue in their cement sectors. The manufacturers are working with the cement industry to create cement from bauxite residues.

Growing Environmental Protection Measures in North America to Drive Growth Bauxite Market

The Asia Pacific region is expected to have the largest revenue share of the global market. The rising demand for aluminium in the EV, packaging, and construction industries is expected to drive bauxite demand during the forecast period. Furthermore, because of its high melting point, bauxite is in high demand as a raw material in the manufacture of refractory products. Bauxite is also used to make cement by combining it with limestone. The cement produced has a high alumina content and is known for its quick settling time and strength, resulting in an increase in bauxite demand in the region. With it's high melting point, bauxite is in high demand as a raw material in the manufacture of refractory products. Bricks made from refractory grade bauxite are used to line the roofs of electric arc steel making furnaces and blast furnaces.

Moreover, the demand for bauxite in the region continues to rise in nations like China and India, owing to fast industrialisation and a growth in the use of aluminium in diverse industries like building and construction, foil, and packaging. Furthermore, increase in the use of aluminium for light vehicle parts is driving the bauxite market in the region. China is expected to produce more than 10 million electric vehicles by 2022, which may increase demand for aluminium for light weight vehicle body parts, stimulating the region's bauxite market. Similarly in December 2021, Bajaj Auto has announced a US$40 Bn investment in a new electric vehicle manufacturing in India. The factory will generate 500,000 electric vehicles each year.

North America is expected to grow the fastest during the forecast period. The presence of numerous end-users in the region, as well as large-scale automobile plants, a robust construction industry, and infrastructure developments, are propelling alumina demand, which is expected to benefit bauxite demand in the forecast period. The U.S. holds the majority of the North American bauxite market. Aluminium and cement production expansion is expected to benefit market growth. According to the US Geological Survey, global bauxite resources are estimated to be between 55 billion and 75 billion tonnes, enough to meet global demand for metal well into the future. Similarly, according to the World Bureau of Metal Statistics, aluminium production in Canada in 2019 is expected to be around 2.9 million metric tonnes.

Global Bauxite Market: Competitive Landscape

Companies in the market are introducing new products alongside initiation collaborations, alliances, and partnership agreements. For instance, in February 2022, India's Vedanta Aluminium decided to collaborate with the cement industry to use their bauxite residue to make cement. On the other hand, in February 2020, Guyana Industrial Minerals Inc. (GINMIN), a subsidiary of the US-based First Bauxite, began mining operations and a processing plant at the Bonasika mine in the Essequibo Islands-West Demerara region. A US$ 100 million investment guarantee can transform it into a world-class operation.

A few of the players in the Bauxite market include Alcoa Corporation, Rio Tinto, Aluminum Corporation China Limited (CHALCO), Norsk Hydro ASA, South32, Rusal, NALCO India, Hindalco Industries Ltd, and Emirates Global Aluminium PJSC.

Regional Classification of the Global Bauxite Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Bauxite Market

  • Bauxite Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2019 - 2022
  • Volume Consumption at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Production Output Analysis (Major Producing Regions)
  • Key Trade Statistics (Import and Export)
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Bauxite Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                     2.2.1.1. Huge demand from downstream products such as Aluminum
                     2.2.1.2. Substantial usage of non-metallurgical grade bauxite in cement, refractories, etc.
            2.2.2. Restraints
                     2.2.2.1. Stringent environmental regulations to pose threat
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-covid and Post-covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Technology Landscape
     2.7. Global Bauxite and Downstream Market – Overview
     2.8. Economic Analysis
     2.9. PESTLE

3. Global Bauxite Production Output, 2019 - 2023
     3.1. Global Supply-Demand Balance
     3.2. Production Statistics, by Region
            3.2.1. North America
            3.2.2. Europe
            3.2.3. Asia Pacific
            3.2.4. Africa
            3.2.5. Middle East
            3.2.6. Latin America

4. Global Bauxite Price Trend Analysis, 2019 - 2030
     4.1. Key Highlights
     4.2. Key Factors Affecting Prices
     4.3. Price Trends, by Grade
     4.4. Price Trends, by Region

5. Global Bauxite Market Outlook, 2019 - 2030
     5.1. Global Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                     5.1.1.1. Metallurgical
                     5.1.1.2. Non-Metallurgical
                             5.1.1.2.1. Refractory
                             5.1.1.2.2. Abrasive
                             5.1.1.2.3. Chemical
     5.2. Global Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                     5.2.1.1. Alumina
                     5.2.1.2. Abrasives
                     5.2.1.3. High-alumina Refractory
                     5.2.1.4. Cement Production
                     5.2.1.5. Aluminum Sulphate
                     5.2.1.6. Misc.
     5.3. Global Bauxite Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                     5.3.1.1. North America
                     5.3.1.2. Europe
                     5.3.1.3. Asia Pacific
                     5.3.1.4. Latin America
                     5.3.1.5. Middle East & Africa
            5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Bauxite Market Outlook, 2019 - 2030
     6.1. North America Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                     6.1.1.1. Metallurgical
                     6.1.1.2. Non-Metallurgical
                             6.1.1.2.1. Refractory
                             6.1.1.2.2. Abrasive
                             6.1.1.2.3. Chemical
     6.2. North America Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                     6.2.1.1. Alumina
                     6.2.1.2. Abrasives
                     6.2.1.3. High-alumina Refractory
                     6.2.1.4. Cement Production
                     6.2.1.5. Aluminum Sulphate
                     6.2.1.6. Misc.
     6.3. North America Bauxite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                     6.3.1.1. U.S.
                     6.3.1.2. Canada
            6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Bauxite Market Outlook, 2019 - 2030
     7.1. Europe Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                     7.1.1.1. Metallurgical
                     7.1.1.2. Non-Metallurgical
                             7.1.1.2.1. Refractory
                             7.1.1.2.2. Abrasive
                             7.1.1.2.3. Chemical
     7.2. Europe Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                     7.2.1.1. Alumina
                     7.2.1.2. Abrasives
                     7.2.1.3. High-alumina Refractory
                     7.2.1.4. Cement Production
                     7.2.1.5. Aluminum Sulphate
                     7.2.1.6. Misc.
     7.3. Europe Bauxite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                     7.3.1.1. Germany
                     7.3.1.2. France
                     7.3.1.3. U.K.
                     7.3.1.4. Italy
                     7.3.1.5. Spain
                     7.3.1.6. Russia
                     7.3.1.7. Rest of Europe
            7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Bauxite Market Outlook, 2019 - 2030
     8.1. Asia Pacific Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                     8.1.1.1. Metallurgical
                     8.1.1.2. Non-Metallurgical
                             8.1.1.2.1. Refractory
                             8.1.1.2.2. Abrasive
                             8.1.1.2.3. Chemical
     8.2. Asia Pacific Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                     8.2.1.1. Alumina
                     8.2.1.2. Abrasives
                     8.2.1.3. High-alumina Refractory
                     8.2.1.4. Cement Production
                     8.2.1.5. Aluminum Sulphate
                     8.2.1.6. Misc.
     8.3. Asia Pacific Bauxite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                     8.3.1.1. China
                     8.3.1.2. Japan
                     8.3.1.3. South Korea
                     8.3.1.4. Australia
                     8.3.1.5. India
                     8.3.1.6. Southeast Asia
                     8.3.1.7. Rest of Asia Pacific
            8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Bauxite Market Outlook, 2019 - 2030
     9.1. Latin America Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.1.1. Key Highlights
                     9.1.1.1. Metallurgical
                     9.1.1.2. Non-Metallurgical
                             9.1.1.2.1. Refractory
                             9.1.1.2.2. Abrasive
                             9.1.1.2.3. Chemical
     9.2. Latin America Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.2.1. Key Highlights
                     9.2.1.1. Alumina
                     9.2.1.2. Abrasives
                     9.2.1.3. High-alumina Refractory
                     9.2.1.4. Cement Production
                     9.2.1.5. Aluminum Sulphate
                     9.2.1.6. Misc.
     9.3. Latin America Bauxite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.3.1. Key Highlights
                     9.3.1.1. Brazil
                     9.3.1.2. Mexico
                     9.3.1.3. Rest of Latin America
            9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Bauxite Market Outlook, 2019 - 2030
     10.1. Middle East & Africa Bauxite Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.1.1. Key Highlights
                     10.1.1.1. Metallurgical
                     10.1.1.2. Non-Metallurgical
                             10.1.1.2.1. Refractory
                             10.1.1.2.2. Abrasive
                             10.1.1.2.3. Chemical
     10.2. Middle East & Africa Bauxite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.2.1. Key Highlights
                     10.2.1.1. Alumina
                     10.2.1.2. Abrasives
                     10.2.1.3. High-alumina Refractory
                     10.2.1.4. Cement Production
                     10.2.1.5. Aluminum Sulphate
                     10.2.1.6. Misc.
     10.3. Middle East & Africa Bauxite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.3.1. Key Highlights
                     10.3.1.1. GCC
                     10.3.1.2. South Africa
                     10.3.1.3. Rest of Middle East & Africa
            10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
     11.1. Company Market Share Analysis, 2022
     11.2. Competitive Dashboard
     11.3. Company Profiles
            11.3.1. Rio Tinto
                     11.3.1.1. Company Overview
                     11.3.1.2. Product Portfolio
                     11.3.1.3. Financial Overview
                     11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            11.3.2. Glencore
            11.3.3. Alcoa Corporation
            11.3.4. Norsk Hydro ASA
            11.3.5. Aluminum Corporation of China Ltd
            11.3.6. Emirates Global Aluminium
            11.3.7. Alcoa World Alumina and Chemicals (AWAC)
            11.3.8. United Company Rusal IPJSC
            11.3.9. South32
            11.3.10. Compagnie des Bauxites de Guinea (CBG)
            11.3.11. Société minière de Boké (SMB)
            11.3.12. Hindalco Industries Limited

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2019 - 2022

2023 - 2030

Value: US$ Mn Volume: Kilo Tons

 

REPORT FEATURES

DETAILS

Grade Coverage

  • Metallurgical 
  • Non-Metallurgical
    • Refractory 
    • Abrasive
    • Chemical

Application Coverage

  • Alumina 
  • Abrasives
  • High-alumina Refractory
  • Cement Production
  • Aluminium Sulphate
  • Misc.

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Leading Market Companies

  • Rio Tinto
  • Glencore
  • Alcoa Corporation
  • Norsk Hydro ASA
  • Aluminum Corporation of China Ltd
  • Emirates Global Aluminium
  • Alcoa World Alumina and Chemicals (AWAC)
  • United Company Rusal IPJSC
  • South32
  • Compagnie des Bauxites de Guinea (CBG)
  • Société minière de Boké (SMB)
  • Hindalco Industries Limited

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Production Output and Trade Analysis, Competition Landscape, Grade-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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