Bauxite and Alumina: A Global Strategic Business Report
San Jose, California (PRWEB) September 17, 2014
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Bauxite is a naturally occurring heterogeneous material mainly composed of aluminum hydroxide minerals. Bauxite ore is the most important mineral used to produce alumina, the raw material from which aluminum is produced. Bauxite’s other major uses are in abrasives, refractories, aluminous cements, chemicals and proppants. Alumina is a silvery-white colored ductile metal, possessing excellent thermal and conductive characteristics. While much of the alumina is utilized in the production of primary aluminum, non-metallurgical grade alumina is used in refractories. Rising demand for aluminium, driven by increasing urbanization and industrialization, is driving demand for bauxite and alumina worldwide.
With non-captive production of bauxite growing over the years, bauxite trade and shipping worldwide has assumed tremendous growth and has essentially altered the dynamics of the industry. Australia dominates bauxite production, while China takes the lead in alumina refining capacity, indicating the potential growth in trade of bauxite ore. Ban on exports of bauxite ore by Indonesia, a major supplier worldwide, has further intensified the trade dynamics of bauxite.
Metallurgical Bauxite represents the largest segment in the bauxite market worldwide. Alumina is primarily used for downstream aluminum production, which accounts for the largest market for alumina worldwide. Demand for non-metallurgical alumina is driven by the refractory industry. Although demand for alumina in refractory market has been on the decline in the recent years, non-metallurgical markets such as water treatment and flame retardants offer potential market opportunities. Alumina is also witnessing increasing adoption as a substitute to zircon in ceramics and refractories due to increasing prices of zircon.
As stated by the new market research report on Bauxite and Alumina, Asia-Pacific represents the largest and fastest growing regional market worldwide with a CAGR of 7.8% over the analysis period. Steady economic growth, increasing urbanization, growing industrial output, growing production and demand for aluminum, and increase in alumina smelter capacities represent key growth drivers in the region.
Major players covered in the report include Alcoa, Inc., Alumar, Alumina Limited, Aluminum Corporation of China Limited, BHP Billiton Group, Gencor Ltd., Glencore International Plc, Hindalco Industries Ltd., Norsk Hydro ASA, Rio Tinto Alcan, Inc., and United Company RUSAL, among others.
The research report titled “Bauxite and Alumina: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market volume estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. The report provides global and regional volume consumption estimates for bauxite and alumina separately, which are further segmented into Metallurgical Bauxite and Non-Metallurgical Bauxite, and Metallurgical Alumina and Non-Metallurgical Alumina, respectively.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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