New Study Reports ” Bauxite Mining Companies 2022: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026″ has been Added on PMR.
Report Overview
The global Bauxite Mining Market is estimated to have been valued at US$ 12.42 Bn in 2018 and is projected to grow at a value CAGR of 6.6% and reach a value of US$ 20.66 Bn by the end of 2026. Moreover, the global market is anticipated to create total incremental $ opportunity of US$ 8.23 Bn between 2018 & 2026.
Request For Report Sample Copy@ https://www.persistencemarketresearch.com/samples/3299
The Bauxite Mining Market is the world’s leading mining industry, accounting for over 25% of global bauxite production. Bauxite is a mineral with several uses such as in aluminum production, cement and plastics production, and abrasive materials. The Bauxite Mining market has seen significant growth in recent years due to rising demand for these products from various industries across the globe.
Bauxite Mining Market Segmented By Production of Alumina, Non-Metallurgical Products like Abrasives, Refractories, Chemicals Applications
PMR has released a new market study on “Bauxite Mining Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026”, which does a deep dive analysis of the global Bauxite Mining Companies for the next eight years. The report evaluates all key macroeconomic factors. The report on Bauxite Mining Companies also discusses the dynamics in the global Bauxite Mining Companies and also analyses the latest trends and opportunities across the value chain of the Bauxite Mining Companies.
Bauxite Mining Market: Competitive Landscape
Some of the key market players directly involved in the Bauxite Mining Companies are Alcoa Corporation, Rio Tinto Plc, National Aluminium Company Limited, Australian Bauxite Ltd, Gujarat Mineral Development Corporation Ltd, Norsk Hydro ASA, Metro Mining Ltd, ASHAPURA GROUP OF INDUSTRIES, The Aluminium Corporation of China and United Company Rusal PLC, among others.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/3299
Bauxite Mining Companies: Overview
Bauxite is a rock with high aluminum content. It is the primary ore from which aluminum is extracted. Bauxite is one of the most abundant elements on earth. It contains nearly 25%-30% of alumina. Bauxite is generally found in the belt around the equator. It occurs mostly in tropical & subtropical regions, in horizontal layers beneath a few meters of the overburden. Bauxite is a mixture of aluminum hydroxides, clay minerals, hydrous aluminum oxides and insoluble materials, such as hematite, magnetite, quartz, goethite and siderite. Aluminum minerals in Bauxite include gibbsite Al(OH)3, diaspore, AlO(OH) and boehmite AlO(OH).
Furthermore, in the global market of Bauxite Mining, some of the top Bauxite Mining countries are Australia, China, Guinea, Brazil & India. These countries are the top 5 Bauxite Mining countries and held 86.2% share in the total production of Bauxite globally in 2017. Similarly, the top 5 Bauxite consuming countries are China, Brazil, Australia, India & Russia. These countries held 81% share in total Bauxite consumption in 2017.
Bauxite Mining Companies: Dynamics Influencing Growth
The global primary aluminum production increased by 5.8% in 2017. The outlook for the aluminum industry continues to be positive in spite of the ongoing political uncertainty due to various political stances, such as import tariffs by the U.S. on aluminum, Brexit and concerns that China, as the world’s leading producer of aluminium and its semi-finished products, might increase its exports to the European markets.
Bauxite is the key aluminium containing ore with more than 35% to 40% of aluminium content. Thus, due to increasing primary aluminum production, demand for Bauxite is expected to rise significantly in future.
However, Bauxite Mining has a direct impact on nature and surroundings. Air pollution, water pollution and soil & food contamination are the major after-effects of Bauxite Mining.
Bauxite Mining Companies: Forecast
By region, China is projected to dominate the Bauxite Mining Companies in terms of consumption. Moreover, China is the world’s largest producer of aluminium products across the globe. This also makes the region the most important consumer of Bauxite and alumina, both of which are required for the manufacturing of aluminium products. The country is projected to grow at a prominent CAGR of 6.4% during the forecast period and is also expected to maintain its dominance throughout the forecast period.
By application, in terms of value & volume both, the production of alumina segment is expected to dominate the global Bauxite Mining Companies throughout the projected period. The alumina application segment in the Bauxite Mining Companies is projected to create incremental $ opportunity worth US$ 7,845.5 Mn between 2018 & 2026.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/3299
About us: Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – [email protected]