Product Code: GVR-4-68038-637-0
Bauxite Market Growth & Trends:
The global bauxite market size is anticipated to reach USD 18.15 billion by 2030, registering a CAGR of 2.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing use of aluminum foil in the packaging industry is one of the key growth drivers for the market. The rising demand for packaged food is forcing aluminum foil manufacturers to invest in new production plants. For instance, in January 2022, SRF Limited, a manufacturer of industrial and specialty intermediates, decided to invest USD 55.80 million in setting up an aluminum foil manufacturing plant with a production capacity of 21,000 tons in Indore, Madhya Pradesh, India. Bauxite is an ore that contains a high level of aluminum content. The product is soft in nature with a hardness of 1 to 3 on the Mohs scale.
Different grades of products that are available in the market include metallurgical grade, refractory grade, abrasive grade, and chemical grade, which are used according to their application requirements. Based on products, the metallurgical-grade segment held the largest revenue share of the global market in 2023 and this trend is expected to continue throughout the forecast period. Metallurgical-grade bauxite is mainly used to produce alumina, which is a key raw material for primary aluminum production. Production of primary aluminum is mainly driven by its demand from downstream sectors. Asia Pacific was the largest regional market in 2023 and will remain dominant throughout the forecast period. China is anticipated to lead in the regional market; however, India is expected to register the fastest growth rate from 2024 to 2030.
Increasing demand for aluminum from various application industries, such as construction, automotive, and electronics, has pushed the consumption of bauxite in the region. The global bauxite industry is highly competitive. Rising demand for aluminum compels bauxite mining companies to expand their mining and production capacities. For instance, in February 2024, MYTILINEOS Energy & Metals secured a license from Ghana Integrated Aluminium Development Corporation (GIADEC) to expand its mining operations in Ghana, Africa. The company aims to develop a manufacturing plant that can produce 10 million tons of bauxite per annum from an estimated 300 million tons of bauxite reserve.
Bauxite Market Report Highlights:
- The metallurgical-grade product segment is anticipated to register the fastest CAGR of 2.7%, in terms of revenue, from 2024 to 2030. Aluminum is widely utilized in various end-use industries, such as automotive, medical, and construction, which is expected to drive segment growth
- The alumina production application segment is expected to register a CAGR of 2.8% from 2024 to 2030 due to increasing demand from downstream end-users, such as the automobile industry
- The North America regional market is expected to register the fastest CAGR of 4.2%, in terms of revenue, from 2024 to 2030. Rising emphasis on the EV industry and increasing demand for aluminum products will propel the growth of the regional market
- Key market players compete largely based on factors, such as quality, price, and proximity to customers, as well as strategically located long-term bauxite resources in Guinea, Australia, and Brazil, which are the world's largest reserves of the product
- Furthermore, key players engage in capacity expansions, mergers & acquisitions, and R&D activities to stay ahead of their competitors
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Bauxite Market Variables, Trends & Scope
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Manufacturing & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTEL Analysis
Chapter 4. Bauxite Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Metallurgical-grade
- 4.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Refractory-grade
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Other Products
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Bauxite Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Alumina Production
- 5.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Refractory
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Cement
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Other Applications
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Bauxite Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Key country dynamics
- 6.2.5.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Key country dynamics
- 6.2.6.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Key country dynamics
- 6.3.4.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. Norway
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Russia
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7. Turkey
- 6.3.7.1. Key country dynamics
- 6.3.7.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. China
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. India
- 6.4.5.1. Key country dynamics
- 6.4.5.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Key country dynamics
- 6.4.6.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7. Australia
- 6.4.7.1. Key country dynamics
- 6.4.7.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Key country dynamics
- 6.6.4.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Key country dynamics
- 6.6.5.2. Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Bauxite Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.6. Company Profiles/Listings
- 7.6.1. Alcoa Corporation
- 7.6.1.1. Participant's overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Product benchmarking
- 7.6.1.4. Recent developments
- 7.6.2. Rio Tinto
- 7.6.2.1. Participant's overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Product benchmarking
- 7.6.2.4. Recent developments
- 7.6.3. Aluminum Corporation of China Limited (CHALCO)
- 7.6.3.1. Participant's overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Product benchmarking
- 7.6.3.4. Recent developments
- 7.6.4. Norsk Hydro ASA
- 7.6.4.1. Participant's overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Product benchmarking
- 7.6.4.4. Recent developments
- 7.6.5. South32
- 7.6.5.1. Participant's overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Product benchmarking
- 7.6.5.4. Recent developments
- 7.6.6. Rusal
- 7.6.6.1. Participant's overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Product benchmarking
- 7.6.6.4. Recent developments
- 7.6.7. NALCO India
- 7.6.7.1. Participant's overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Product benchmarking
- 7.6.7.4. Recent developments
- 7.6.8. Hindalco Industries Ltd.
- 7.6.8.1. Participant's overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Product benchmarking
- 7.6.8.4. Recent developments
- 7.6.9. Emirates Global Aluminium PJSC
- 7.6.9.1. Participant's overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Product benchmarking
- 7.6.9.4. Recent developments