Strong demand for sustainable materials, coupled with regulatory pressure to reduce the plastic pollution drives bauxite market growth.
Alcoa Corporation, Rio Tinto, Aluminum Corporation of China Limited (CHALCO), Norsk Hydro ASA, and NALCO India, are some of the leading industry players.
The market is projected to record a CAGR of 3.0% during the forecast period from 2026 to 2033.
Innovative beneficiation techniques are anticipated to boost bauxite recovery rates while minimizing waste generation.