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Alumina Market Share

Report ID: GMI5124
Published Date: Sep 2021
Report Format: PDF

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Alumina Market Share

The manufacturers active in alumina market are working on forming merger & acquisitions to strengthen their market presence and boost their revenue generation. They are also working on capacity expansion and expand their geographical presence, and also developing new d
plans for its refineries in Pinjarra and Huntly bauxite mines which are located in Western Australia. This will help the company to meet the growing customer demand for alumina in Australian region and for Asia Pacific region.

In November 2020, Aluminum Corporation of China Ltd. (Chalco) started working on second production line of alumina refinery which is located in Huasheng, China. The new production line will help the company to increase their alumina output and will further strengthen their market presence. Various alumina industry participants associated with the alumina industry include :

Alcoa Corporation
Aluminum Corporation of China (Chalco)
Rusal
Xinfa Group
Rio
Tinto
Hongqiao Group
Norsk Hydro
NALCO
Alum S.A.
Nippon Light Metal Company
Vedanta
Worsely Alumina
Sasol
Almatis
Cabot Corporation

Authors: Kiran Pulidindi, Saurabh Bhalerao

Frequently Asked Questions (FAQ) :

Global alumina market size had exceeded USD 40 billion in 2020 and will register a CAGR of over 4.7% from 2021 to 2027.

Shifting customer preference for lightweight materials and rapid expansion of automotive and construction industries are the major factors augmenting the growth of alumina market.

Asia Pacific alumina market size will surpass USD 38 billion by 2027 owing to increasing adoption of electric vehicles in China, India, Japan, Malaysia, and South Korea.

Smelter grade alumina market had captured over 85% share in 2020 owing to the rising demand for aluminum from the end-use industries.

Alumina market will generate over USD 47 billion by 2027 with increasing demand for high-quality aluminum materials from Asia Pacific and North America regions.