MRFR recognizes the following companies as the key players
in the global calcined Bauxite Market—Great Lakes Minerals, LLC (US), LKAB
(Sweden), EK-COMPANY AG (Germany), Bosai Group (China), First Bauxite LLC (US),
Boud Minerals Limited (UK), Saurashtra Calcine Bauxite & Allied Industries
Ltd (India), and Sinocean Industrial Limited (China).
Market Highlights
The global calcined Bauxite Market is projected to be valued
at USD 2,159million by the end of 2028,registering a CAGR of more
than 5.15%during the forecast period.
Calcined bauxite is produced by sintering high alumina
bauxite at temperatures between 1,600 to 1,800°C. Calcined bauxite is an ideal
choice of 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.
In addition to this, calcined bauxite is widely used in producing a variety of
abrasives on account of its high grain hardness and angular shape.
The key driver of the global calcined bauxite market is its
extensive use for brown fused alumina, further used to produce refractory
materials. Brown fused alumina is produced by mixing calcined bauxite,
anthracite, and iron filings, and additives in specific proportions to be
heated together at about 2,250℃ temperature.Brown
fused alumina is an extremely hard material with high bulk density and a nineon
the Mohs scale of mineral hardness. The growing use of high alumina
refractories in the steel production process is likely to fuel up the demand
for the calcined bauxite market over the forecast period. This growth can be
attributed to the high demand for steel across end-use industries such as
construction, automotive, and aerospace.
Get Free Sample@ https://www.marketresearchfuture.com/sample_request/10680
In addition to this, brown fused alumina is used in the
production of abrasives such as grinding wheels, sandpaper, and blasting media
is projected to provide an additional boost to the product demand.Brown fused
alumina is widely used to produce a wide range of refractory materials on
account of its corrosion resistance and thermal resistance.
COVID Impact Analysis
The market witnessed a negative impcat on account of the
dependency of major calcined bauxite manufacturers located in North America,
Europe, regions ofChina, India, and Guinea. The disruption in shipping networks
created an acute shortage of bauxite in the market, thereby resulting in
increased input costs for calcined bauxite manufacturers. The outbreak of the
COVID-19 pandemic and subsequent implementation of lockdown strategies across
the globe affected the logistics networks, which had a direct effect on the supply-demand
of calcined bauxite to the world.
Segment Analysis
The global calcined
Bauxite Market has been segmented on the basis of purity,
application, and region.
Based on the purity, the global calcined bauxite market is
bifurcated into high purity and low purity. The high purity segment was valued
at USD 1,074.59 million in 2020 and emerged as the faster-growing segment
registering a significant CAGR during the assessment period. Refractory grade
bauxites, also known as high purity bauxites, have a high alumina content and
low alkali content with low impurities (iron oxide and titania specifically),
ensuring stable temperature strength. Key applications of high purity calcined
bauxite include high alumina refractory bricks and castables for the iron &
steel, cement, glass, and oil industries.
On the basis of application, the global calcined bauxite
market is segmented into abrasives, refractory materials, metallurgy, road
surfacing, and others. Among these, the refractory materials segment accounted
for a significant market share in 2020. Refractory bauxite is produced by
sintering raw bauxite at more than 1,500°C, which results in a high aluminum
content and low impurity. It is widely used to manufacture shaped and unshaped
refractory products for the steel industry, foundries, glass, and cement
plants.
Key Findings of the Study:
- The
global calcined Bauxite Market is projected to reach a value of USD 2,159
million by 2028,at a CAGR of around 5.15% during the forecast period from
2021 to 2028.
- Asia-Pacific
accounted for the largest market share in 2020 due to the presence of
large bauxite ores in countries such as China, India, and Australia.
- Latin
America is expected to be the second-fastest growing regional market
registering a CAGR of over 5%.
- The
market in the Middle East & Africa is likely to witness significant
growth owing to Guinea being a key contributor to bauxite
production.
- The
growing use of renewable energy in the calcination process is a key
opportunity for the players engaged in the global calcinated bauxite
market.
Access full report @ https://www.marketresearchfuture.com/reports/calcined-bauxite-market-10680
No comments:
Post a Comment