Proficient Market announces that it has a new study on “Global Calcined Bauxite Market by Product Type (Aggregate and Powder) and by End-Users/Application (Refractory, Abrasive, Metallurgy, Cement and Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027″. The 2020 study has 207 pages, 64 tables and 102 figures.
In terms of revenue, global calcined bauxite market in 2019 stood at USD 1,132.66 million and is expected to reach USD 1,771.79 million by 2026 growing at a CAGR of 6.60% from 2019 to 2026.
Some of the global major players operating in the calcined bauxite market include: Sinocean Industrial Limited, Artha Mineral Resources, FX Minerals Pte. Ltd., Bosai Minerals Group Co., Ltd., Alchemy Mineral LLC, Dengfeng City Ludian Town Xingguang Abrasives Factory, Futong Industry Co. Limited and Others.
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Drivers for the Global Calcined Bauxite Market: The properties of Calcined Bauxite such as volume stability, Thermal stability, low porosity, and chemical resistance along with high purity level, made it convenient for its usage in the production of refractories. Refractories are utilized in the blast furnaces in the production of steel. While rising demand for steel in various end-use industries such as construction, cement, chemicals, ceramics has increased which acts as a driver for the growth of this segment. Apart from this, the Rising construction in smart cities with the expansion of transport construction has created a positive impact on this segment. Besides this, increasing population and rapid urbanization in emerging countries such as in Asia-Pacific are some of the drivers which are propelling the Global Calcined Bauxite Market Segment.
Opportunities for the Global Calcined Bauxite Market: The manufacturers of the construction industry, abrasive, metallurgy, and refractory industry have put forward the different approach to the manufacturers as well as the companies are active in investment and in the acquisition of new technological capabilities. In addition to this, the traditional infrastructure of the elements such as powertrains, interiors, and safety systems are replaced by the latest technology. As per customer’s, demands manufacturers are focusing on the introduction of the advanced technology for existing or for the new product which can fuel this segment at the forecast period. While Rising demand for cast metal products from the automotive industry is rising continuously which will propel the Global Calcined Bauxite Market Segment.
Restrains for the Global Calcined Bauxite Market: As calcined bauxite is in huge demand at the market which has created a huge supply-demand imbalance. Due to which price surge is created in the market which acts as a restraint in this market segment. Besides this, the calcined bauxite market has huge competition in the market due to which consumer’s minds are continuously changing according to the offers, usage, cost & specifications of the products. Thus this unhealthy competition leads to compromising its quality and quantity which hampers the growth of this segment as well as the market shifts to the other alternatives.
Region wise, Global Calcined Bauxite Market analysis: Calcined bauxite market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global calcined bauxite market share which is followed by the North America and Europe.
While the Asia Pacific leads the global calcined bauxite market share because of the increasing growth of the construction industry & transportation infrastructure in this region. In addition to this, rising demand for refractories in the cement, ceramics & steel industry leads to the growth of this market in Asia pacific regions of developed & developing countries.
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Global Calcined Bauxite Market: Product analysis
On the basis of type, Aggregate is accounted for the largest share of total revenue generated Because it is an excellent binder. Also, it has a lower microbial contamination rate. Besides this, it is easy to use with ease in availability as well as easy in operational procedures. Apart from this, aggregates are used as a stable foundation. While it is widely used in the construction industry due to its non- settling nature.
Global Calcined Bauxite Market: Application analysis
The demand for global calcined bauxite market is highest from Refractory, as Refractories are utilized in the blast furnaces in the production of steel. While rising demand for steel in various end-use industries such as construction, cement, chemicals, ceramics leads to the high demands of calcined bauxite market from refractory. Apart from this rising market of construction industry & construction infrastructure leads to the development of this segment especially for refractory as it is the widely used ingredient in most of the products.
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Global Calcined Bauxite Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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