Bauxite Market – Growth, Trends, and Forecast (2020 – 2025)

Bauxite Market – Growth, Trends, and Forecast (2020 – 2025)

The market for Bauxite is expected to grow at a CAGR of over 6% during the forecast period. Major factors driving the market studied are accelerating usage in cement industries and growing demand of aluminum in light-weight fuel efficient vehicles. On the flipside, environmental concern related to bauxite mining and unfavourable conditions arising due to COVID-19 outbreak are the major restraints which will hinder the growth of market.

  • Increasing demand from commercial applications such as refractories and abrasives is expected to offer various lucrative opportunities for the growth of market.
  • By application, alumina for metallurgical purposes segment is expected to dominate the market owing to the increase in the demand and adoption of aluminium products.
  • Asia-Pacific region dominated the market across the globe with the largest consumption from countries such as China, Australia and India.
Key Market Trends

Increasing Demand of Alumina for Metallurgical Purposes
  • Bauxite is a sedimentary rock having high content of aluminium. It is the main source of aluminium & gallium and consists mostly of aluminium minerals namely gibbsite, boehmite and diaspore.
  • The increasing demand of aluminium owing to its light weight and other such properties in various end-user industry like automobile, packaging and construction is propelling the demand of alumina for producing aluminium and thus, stimulating the bauxite market.
  • Alumina is used for key industrial purposes other than producing aluminum. It is used for production of spark plug insulators and metallic paints, and it is used as a fuel component for solid rocket boosters.
  • Furthermore, alumina is used for fabrication of superconducting devices such as quantum interference devices and electron transistors. Aluminium oxide or alumina is also used as a dosimeter for radiation protection.
  • The global aluminium market is projected to register a CAGR of over 3% during the forecast period and is expected to reach a market value of USD 185 billion by 2025, which will increase the demand of alumina for producing aluminium and consequently propel the bauxite market.
  • Owing to all the above-mentioned factors for bauxite, its market is expected to grow rapidly over the forecast period.
Asia-Pacific Region to Dominate the Market
  • Asia-Pacific region is expected to dominate the market for bauxite during the forecast period. In countries like China, Australia and India owing to rapid industrialization and increase in usage of aluminium in various industries such as building & construction and foil & packaging, the demand for bauxite has been increasing in the region.
  • Superior properties of aluminium like corrosion resistance, high ductility, high strength and lightweight have led to increase in adoption of aluminium for producing light vehicle parts, which is propelling the bauxite market in the region.
  • Additionally, demand for bauxite is rising due to its usage as raw material in making refractory products since it has high melting point. Refractory grade bauxite is used to manufacture bricks to line the roof of electric arc steel making furnaces and blast furnaces.
  • Bauxite is also used for manufacturing cement by mixing with limestone. The cement produced has high alumina content and is known for its rapid settling time and strength owing to which demand for bauxite is increasing in the region.
  • The increasing trend of electric vehicles would further propel the demand of aluminium alloys. China is forecasted to produce more than 10 million electric vehicles by 2022 which will surge the demand of aluminium for producing light weight vehicle body parts, thus stimulating the bauxite market in the region.
  • Furthermore, pure aluminium is used in aviation industry for oil & fuel pipes and foil for honeycomb structures. The Asia-Pacific aviation market is expected to register a CAGR of over 3% during the forecast period which would increase the demand of aluminium and thus, propel the bauxite market in the region.
  • Some of the major companies operating in Asia-Pacific region are – Alumina Limited., Australian Bauxite Limited and Rio Tinto.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for bauxite during the forecast period.
Competitive Landscape

The bauxite market is fragmented with top players accounting for a marginal share of the market. Some of the major companies in the market include Rio Tinto, Rusal, Alcoa Corporation, Alumina Limited., and Australian Bauxite Limited.

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1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Accelerating Usage in Cement Industries
4.1.2 Growing Demand in Light-weight Fuel Efficient Vehicles
4.2 Restraints
4.2.1 Environmental Concern Related to Bauxite Mining
4.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Application
5.1.1 Alumina for Metallurgical Purposes
5.1.2 Cement
5.1.3 Refractories
5.1.4 Abrasives
5.1.5 Others
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Australia ASEAN Countries Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom Italy France Russia Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alcoa Corporation
6.4.2 Alumina Limited.
6.4.3 Aluminum Corporation of China Limited
6.4.4 Australian Bauxite Limited
6.4.6 Iran Alumina Company
6.4.7 LKAB Minerals
6.4.8 Metallica Minerals Limited
6.4.9 Midegasa
6.4.10 Minervit sro
6.4.11 Possehl Erzkontor GmbH & Co. KG
6.4.12 Queensland Alumina Limited
6.4.13 Rio Tinto
6.4.15 RUSAL
6.4.16 YunXiang Develop Co.,Limited
6.4.17 Vimetco N.V. (Sierra Minerals)
7.1 Increasing Demand from Commercial Applications such as Refractories and Abrasives
7.2 Other Opportunities

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