Bauxite is a natural rock that includes a high level of aluminum. It is ore from which aluminum is extracted. Different studies have proved that this is an abundant element present on earth. It includes around 20 to 30 percent of alumina. This natural rock is widely found in the belt around the equators. Most of tropical and sub-tropical regions have this rock. It combines clay minerals, hydroxides, insoluble materials, for example siderite, magnetite, goethite, and hematite. There is an excellent demand for Bauxite throughout the world.
The primary processes involved in Bauxite Mining are blasting, drilling, stripping, removal, truck loading, transportation, and more. This material is widely found in South America, Europe, Africa, the West Indies, and Australia. In fact, Australia is the top bauxite producer in the world. This country has five bauxite mines. Strict government rules on CO2 emission have forced the automobile industry to produce fuel-efficient vehicles. This is only possible through aluminum metal. So, the increased use of aluminum will propel the Bauxite Mining market.
The experts have suggested that by the end of 2026, the global market value will reach USD 20, 661.9 million at 7 percent of the Compound Annual Growth Rate. Now, aluminum becomes a preferred metal for OEMs. Around 80 percent of bauxite mined across the world is changed to alumina. Another major use of such mining is for commercial purpose. For example, abrasives and refractories. The growing industrialization and automobile sector are some of the major factors that will significantly propel market growth in recent years.
Market Key Players:
Aluminum Corporation of China Limited
Tata Steel Europe
Tajik Aluminium Company
Nippon Light Metal Company
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The World Bauxite Mining market is segmented on the basis of product type, end-users or applications, and regions. Based on product type, it is split into CA-50, CA-70, CA-80, and others. The report suggests that among all these segments, CA-80 product type segment will witness a massive market share during the forecasting period. The primary reason behind this is the increasing demand for this product in different sectors. Coming to the market segmentation on the basis of application, it includes Alumina for Metallurgical Purposes, Cement, Abrasives, Refractory, and Others. The production of alumina for metallurgical segment is anticipated to dominate the global market
Geographical Market Segmentation
Considering geography, the market is segmented into some major regions, such as Asia Pacific, North America, South America, Europe, and Others. The market report says the Asia Pacific region is a leading region in the World Bauxite Mining market. It is predicted that by the end of 2028, this region is expected to hold around 80 percent of share in the global market. Besides, in countries like China, India, Japan, and other Asian countries, the demand for aluminum products is increasing owing to rapid infrastructural development. So, all these factors will create healthy demand for mining of this material in future.
Latest Market News
In November 2018, Fluor Corp helped CBG – Compagnie des Bauxites de Guinée to attained a major milestone at the company’s bauxite production expansion project in Guinea. The bauxite production has gone up to 18.5 Mt/y from 13.5 Mt/y. It may be noted that CBG is jointly owned by Halco and the Government of Guinea.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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