Views: 201 Author: SEPPE Publish Time: 2023-05-16 Origin: https://www.seppe.cn/
The major factor driving the bauxite market is the increasing demand for alumina and aluminum from end-use industries, such as construction, automotive, and electronics.
The market has been segmented by application into aluminum production, abrasives, refractories, and others. The aluminum production segment is expected to be the largest consumer of calcined bauxite during the forecast period. The high demand for aluminum from the transportation and packaging industries is driving the growth of this segment.
The abrasives segment is going to be the second-largest consumer of calcined bauxite during the forecast period. The increasing demand for abrasives from the construction and automotive industries is driving the growth of this segment.
The refractories segment is expected to witness the highest growth during the forecast period. The increasing demand for refractories from the steel and cement industries is driving the growth of this segment. The others segment includes pigments, ceramics, and others. The pigments segment is expected to witness the highest growth during the forecast period. The increasing demand for pigments from the cosmetics and paint industries is driving the growth of this segment.
