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The global calcined bauxite market is expected to witness significant growth by 2029 during the forecast period. The growth in the market can be attributed to the increasing demand for abrasives, refractory materials, metallurgy, and cement products. The growing construction and automotive sectors also contribute to the growth of the market. The aggregate segment is expected to dominate the market during the forecast period due to its high demand from widely used industries such as abrasives, road surfacing, metallurgy, and refractories.
Calcined bauxite is composed by adding high-grade alumina bauxite at temperatures between 1,600 to 1,800°C. The calcination process removes moisture and impurities from bauxite and helps increase alumina content, grain hardness, and consistency of bauxite ore. Thus, this results in calcined bauxite being an abstract material used in the production of wide types of refractory materials. This is due to its ability to withstand very high temperatures and rusty surfaces present within an explosive furnace. Also, due to its grain hardness and angular shape, calcined bauxite is used in the production of various abrasives.
The outbreak of the COVID-19 pandemic in 2020 and strict government regulations imposed on many developed and developing countries have disrupted the supply chain. Restrictions on people’s movements led to a significant decrease in the demand for discretionary consumption articles such as automobiles This contributed to a significant decrease in demand for abrasives, refractories, and calcined bauxite during the pandemic.
The report covers the following key insights:
The abrasives segment is expected to witness a significant growth during the forecast period due to increased demand from end-use industries, such as construction and metalworking, in various regions around the world. In addition, rising awareness about environmental benefits and growing concerns about global warming due to increased carbon emissions are expected to further surge the demand for renewable resources, including calcined bauxite. This is expected to have a positive impact on industrial growth during the forecast period.
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North America is expected to have a significant calcined bauxite market share due to high demand for metal abrasives and alumina products. The growing machinery, automotive, electronics, electrical, medical, metal, and construction industries in the U.S. is contributing to the calcined bauxite market growth. Moreover, in the automotive sector, abrasives are used for various applications, such as coarse and lacquer sanding, surging the demand for calcined bauxite in the production of abrasives.
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