Global Bauxite Mining Market Analysis 2020
The Global Bauxite Mining market is expected to reach $24,215.35 million by 2026 growing at a CAGR of 8.7% during 2019 to 2026. Bauxite, an aluminum ore, is the major source of aluminum, which consists of other constituent such as iron oxide, silica, and titania in varying proportions. The primary steps involved for mining bauxite includes drilling, blasting, overburden stripping & removal, mining excavation & truck loading, and transportation to the beneficiation facility. Bauxite is found mainly in tropical and subtropical areas such as Africa, West Indies, South America, Australia, and small deposits in Europe. Australia is the largest producer of bauxite in the world with five active bauxite mines. Most of the bauxite mined is converted to alumina to produce aluminum metal.
Factors such as increasing demand for bauxite to cater to the growing demand for aluminium products across the globe, growing penetration of lightweight aluminium products in automotive, electronics and other industries, and stringent government regulation on carbon dioxide (CO2) emission are propelling the market growth. However, negative impact of the bauxite mining industry may hinder the market growth.
Amongst application, the alumina for metallurgical purposes segment is expected to grow at the significant rate throughout the projected period, due to increasing primary aluminum production, demand for Bauxite is expected to rise significantly in future. Bauxite as well as alumina is used in the manufacture of aluminum chemicals. The direct use of bauxite in chemicals is for the production of aluminum sulfate, which is used as flocculating agent in water and effluent treatment.
The key vendors mentioned are Metro Mining Ltd, Ashapura Group of Industries, The Aluminium Corporation of China, Access Industries, Australian Bauxite Ltd., Gujarat Mineral Development Corporation Ltd., Norsk Hydro ASA, Tata Steel Europe Ltd., Halco Mining, Queensland Alumina Limited, United Company Rusal PLC., Tajik Aluminium Company, Mitsubishi Aluminum Co., Ltd., Nippon Light Metal Company, Ltd., Rusal PLC, Iranian Aluminium Company, Alcoa Corporation, Rio Tinto Plc, and National Aluminium Company Limited.
Product Types Covered:
• Alumina for Metallurgical Purposes
• Non-Metallurgical Products
• North America
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2018
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analysed during the forecast period
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook