Bauxite is a rock mineral composed mainly of aluminum hydroxide minerals, aluminum oxides, and clay minerals. It is the primary source of aluminum globally and is widely used in various industries such as transportation, construction, packaging, electrical, and machinery
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The ongoing urbanization trend worldwide is fueling the construction industry. Aluminum’s properties like durability, recyclability, and ease of fabrication make it a popular choice for building facades, roofing, doors, and windows. This translates to a continued rise in demand for bauxite, the main source material for aluminum. As cities expand and require more infrastructure. In the 2024-2025 budget announcement, finance minister Nirmala Sitharaman announced an allocation of Rs 11.11 lakh crore ($134 billion) for infrastructure development worth 3.4% of the GDP. This was up from Rs 10.0 lakh crore assigned in 2023-24. The growing infrastructure budget is further anticipated to create lucrative opportunities to the market demand.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Bauxite Market by Grade
- Metallurgical-grade
- Refractory-grade
- Other Grades
Global Bauxite Marketby Application
- Alumina Production
- Refractory
- Cement
- Other Application
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Turkey
- Norway
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Australian Bauxite Ltd.
- Compagnie des Bauxites de Guinée (CBG)
- GRAFIT MADENCILIK SAN. TIC. A.S.
- Iranian Aluminium Co.
- LKAB Minerals
- Norsk Hydro ASA
- Possehl Erzkontor GmbH & Co. KG
- Queensland Alumina Limited Ltd.
- Hindalco Industries Ltd.
- Emirates Global Aluminium PJSC
- Alcoa Corp.
- Alumina Ltd.
- Aluminum Corporation of China Ltd.
- NALCO India
- Norsk Hydro ASA
- Rusal
- South32
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bauxite market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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