Global Alumina and Bauxite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Alumina and Bauxite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aluminum is the third richest element in the earth crust. There are many minerals containing aluminum. Bauxite is the most common raw material for producing alumina to extract metallic aluminum. The raw material for producing primary aluminum is alumina, which is white powder refined from bauxite. The report includes alumina and bauxite.

Market Overview:

The latest research study on the global Alumina and Bauxite market finds that the global Alumina and Bauxite market reached a value of USD 89341.34 million in 2022. It’s expected that the market will achieve USD 98751.04 million by 2028, exhibiting a CAGR of 1.68% during the forecast period.

Influence of COVID-19 Outbreak on Alumina and Bauxite Industry Development

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Affected by the COVID-19 epidemic, the unemployment rate has risen sharply. Before the outbreak, the unemployment rate of the world's major economies was at a historically low level. After the outbreak in early 2020, unemployment rates in many countries have risen sharply. In the fall and winter of 2020, the global epidemic rebounded. After experiencing a slight improvement in the spring and summer of 2021, the autumn and winter epidemics in 2021 rebounded again. The global epidemic may have a cyclical pattern in time in the short term. The global unemployment situation is more severe than before the outbreak. Take the United States as an example: The Federal Reserve estimates that millions of Americans have lost their jobs due to the coronavirus crisis. In April 2020, the unemployment rate in the United States reached a historical peak, with an unemployment rate of 14.7%. As the epidemic improves, the unemployment rate also drops. It is gradually improving, but the overall data is still higher than before the epidemic. According to data from the US Department of Labor, in December 2021, the US unemployment rate was 3.9%, and the number of unemployed was 6.3 million.

Alumina and Bauxite Drivers

Bauxite is a sedimentary rock with high aluminum content, mainly composed of aluminum minerals, namely gibbsite, boehmite, and diaspore. Bauxite is the main source of alumina production due to its high alumina content. Alumina has many superior properties such as low density, non-toxicity, high thermal conductivity, good corrosion resistance, easy casting, machining and forming. Therefore, alumina can be used for industrial purposes. In addition to producing aluminum, it is used to produce spark plug insulators and metal coatings, and as a fuel component for solid rocket boosters. In addition, aluminum oxide is used to make superconducting devices, such as quantum interference devices and electronic transistors. The demand for alumina is increasing, driving the bauxite and alumina industries.

Refractory is an important application of most bauxite and alumina products. People generally tend to use more alumina refractories in steel production, which can prolong the service life of steel and other containers and help to produce cleaner steel. The demand of refractory industry promotes the development of bauxite and alumina industry.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Alcoa Corporation is one of the major players operating in the Alumina and Bauxite market, holding a share of 8.50% in 2021.

Alcoa is a global industry leader in bauxite, alumina and aluminum products, with a strong portfolio of value-added cast and rolled products and substantial energy assets.

Rio Tinto Alcan produces iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds, titanium for household products and borates for crops.

Segmentation Overview:

Among different product types, Metallurgical segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Industrial Catalyst segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Alumina and Bauxite market covered in Chapter 3:

CHALCO
BHP Billiton Group
Alcoa Corporation
Rio Tinto Alcan
Hindalco Industries
National Aluminum
Norsk Hydro ASA
United Company RUSAL

In Chapter 4 and Chapter 14.2, on the basis of types, the Alumina and Bauxite market from 2018 to 2029 is primarily split into:

Non-Metallurgical Products
Metallurgical Products

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Alumina and Bauxite market from 2018 to 2029 covers:

Paints
Composite Fibers
Abrasive
Industrial Catalyst
Purification Agent
Proppant

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)