Description
Calcined Bauxite Market Forecast till 2028
Market Snapshot
The global calcined bauxite market is anticipated to exhibit a notable CAGR of approximately 5.15% during the review period to surpass a predicted market value of USD 2,159million by the end of 2028. The calcination process removes moisture and impurities from bauxite and helps in increasing the alumina content, grain hardness, and refractoriness of the bauxite ore.
This results in calcined bauxite being an ideal material used in the production of various types of refractory materials. This is attributed to its ability to withstand extremely high temperatures and corrosive environments prevailing inside the blast furnaces.
The prime factor driving the growth of the global calcined bauxite market is its extensive use for brown fused alumina, further used to produce refractory materials. Calcined bauxite, anthracite, iron filings, and additives are mixed in specific proportions and heated together at about 2,250℃ temperature to produce brown fused alumina.
The growing use of high alumina refractories in the steel production process is likely to fuel the calcined bauxite market over the forecast period. Moreover, extensive use of brown fused alumina in the production of abrasives is projected to provide an additional boost to the product demand. However, environmental concerns associated with bauxite mining activities may hamper the global market growth.
Market Segmentation
The global calcined bauxite market has been classified into purity, application, and region.
Based on the purity segment, the calcined bauxite market has been bifurcated into high purity (>85%) and low purity (<85%).
In terms of application, the global market has been classified into abrasives, refractory materials, metallurgy, road surfacing, and others.
Regional Analysis
The global calcined Bauxite Market has been studied across Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific emerged as the leading and fastest-growing segment on account of the largest bauxite ore reserves in countries such as India, China, and Australia.
In 2019, Australia remained the largest producer of bauxite at 105 metric tonnes, followed by China and India. In addition to this, lower labor costs coupled with higher manpower in the Asia-Pacific region promote market growth. Widespread use of refractories in end-use industries such as iron and steel, cement & ceramics, non-ferrous metals, and others is a major driver of the regional market growth.
Growing infrastructure in emerging countries such as India, Thailand, and South Korea coupled with the rising demand for refractories from the iron & steel industry is the prime factor driving the market in upcoming years.
North America is expected to have a significant share in the global market owing to the high demand for metal abrasives and alumina products. Growing automotive, metal fabrication, machinery, electronics, electrical, medical, and construction industries in the US contribute to the growth of the abrasives market.
Key Players
The key market players of the global calcined market are Great Lakes Minerals, LLC(US), LKAB (Sweden), Boud Minerals Limited (UK), Saurashtra Calcine Bauxite & Allied Industries Ltd (India), EK-COMPANY AG (Germany), Bosai Group (China), First Bauxite LLC (US), and Sinocean Industrial Limited (China).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.
Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Related: