Alumina Market - Global Alumina Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030

Report
285 Pages
August 2023
Region: Global
Fairfield Market Research
ID: 5878106

The global alumina market is poised for robust growth, with a projected valuation of US$102.5 billion by the end of 2030. In 2022, the market was valued at approximately US$69.8 billion. This steady growth is anticipated to be driven by various factors, including increased demand for aluminum and investments in the aluminum value chain.

Market Overview

Alumina, also known as aluminum oxide, serves as a crucial raw material for aluminum production. It is utilized in a wide range of applications, from refractories, ceramics, and abrasives to high-value specialty alumina such as high-purity alumina and activated alumina. The primary source for alumina production is bauxite, which is refined to produce alumina. Alumina, in turn, is used to produce aluminum through an electrolytic process.

Key Findings

Demand for Smelter Grade Alumina: Smelter grade alumina (SGA) accounted for over 90% of alumina demand in 2022, driven by the rising demand for aluminum in industries such as automotive, aerospace, packaging, and consumer goods.
Global Alumina Production: In 2022, the global alumina production exceeded 140 million tons, with China contributing more than 50% of the total production.
Manufacturing Processes: Bayer process dominates alumina production due to its cost-efficiency compared to other manufacturing processes.

Recycled Aluminum: The trend of recycled aluminum, particularly secondary aluminum, is gaining momentum due to lower energy consumption, cost-effectiveness, and sustainability benefits.

Market Drivers

Rise in Aluminum Demand: The growing demand for aluminum, a vital building material in various industries, is boosting the demand for smelter grade alumina.

Investments in Aluminum Value Chain: Significant investments in the aluminum value chain, particularly in countries like India and Indonesia, are driving alumina production and refining capacity expansion.

Market Challenges

Price Volatility: Price volatility in the alumina market is a significant challenge, influenced by factors such as geopolitical tensions, supply disruptions, and energy costs.

Geopolitical Tensions: Geopolitical tensions, such as the conflict between Russia and Ukraine, have disrupted alumina production and supply chains, impacting global prices.

Growth Opportunities Across Regions

Investments in Aluminum Value Chain: India and Indonesia are experiencing substantial investments in the aluminum value chain, including alumina production and refining facilities.
China Dominance: China is the world's largest producer of alumina, with over 50% of global production. The country is also a significant importer of bauxite.

Latin America Production: Latin America, led by Brazil and Jamaica, is a key region for alumina production, with plans for increased earnings from the bauxite and alumina sector.

Competition Landscape

Sustainability Focus: Leading companies in the alumina market, including Aluminium Corporation of China Limited (CHALCO), China Hongqiao Group Ltd., and others, are committed to sustainability goals and capacity expansion to improve business performance.

As the global alumina market continues to grow steadily, sustainability, capacity expansion, and managing price volatility remain key priorities for industry players.

1. Executive Summary

1.1. Global Alumina Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Government Policies to Encourage Alumina Sustainability
2.7. Impact of Ukraine-Russia Conflict
2.8. Economic Overview
2.8.1. World Economic Projections
2.8.2. Electric Car Registrations and Market Share, 2015 - 2021
2.8.3. Per Capita Alumina Consumption, by Major Countries, 2020
2.9. PESTLE Analysis

3. Production Output and Trade Statistics

3.1. Global Bauxite Reserves, by Country, 2021
3.2. Global Bauxite Production, by Region, 2021
3.3. Global Smelter Grade Alumina Installed Capacity, by Region, 2018 - 2023
3.4. Global Alumina Production, by Region, 2021
3.5. Global Smelter Grade Alumina, Production, 2018 - 2023
3.6. Global Smelter Grade Alumina Production, 2018 - 2021
3.7. Smelter Grade Alumina Import Statistics, 2018 - 2023
3.8. Smelter Grade Alumina Export Statistics, 2018 - 2023

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Global Average Price Analysis, by Grade, US$ per Kg
4.2. Prominent Factors Affecting Alumina Prices
4.3. Global Average Price Analysis, by Region, US$ per Kg

5. Global Alumina Market Outlook, 2018 - 2030

5.1. Global Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Smelter Grade Alumina
5.1.1.2. Chemical Grade Alumina
5.2. Global Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Aluminum Production
5.2.1.2. Calcined Alumina
5.2.1.3. Alumina Hydrate
5.3. Global Alumina Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa

6. North America Alumina Market Outlook, 2018 - 2030

6.1. North America Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Smelter Grade Alumina
6.1.1.2. Chemical Grade Alumina
6.2. North America Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Aluminum Production
6.2.1.2. Calcined Alumina
6.2.1.3. Alumina Hydrate
6.3. North America Alumina Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S. Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1.2. U.S. Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1.3. Canada Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1.4. Canada Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Alumina Market Outlook, 2018 - 2030

7.1. Europe Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Smelter Grade Alumina
7.1.1.2. Chemical Grade Alumina
7.2. Europe Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Aluminum Production
7.2.1.2. Calcined Alumina
7.2.1.3. Alumina Hydrate
7.3. Europe Alumina Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.2. Germany Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.3. France Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.4. France Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.5. Norway Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.6. Norway Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.7. Iceland Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.8. Iceland Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.9. Sweden Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.10. Sweden Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.11. Slovakia Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.12. Slovakia Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.13. Russia Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.14. Russia Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.15. Rest of Europe Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1.16. Rest of Europe Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Alumina Market Outlook, 2018 - 2030

8.1. Asia Pacific Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Smelter Grade Alumina
8.1.1.2. Chemical Grade Alumina
8.2. Asia Pacific Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Aluminum Production
8.2.1.2. Calcined Alumina
8.2.1.3. Alumina Hydrate
8.3. Asia Pacific Alumina Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.2. China Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.3. Australia Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.4. Australia Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.5. India Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.6. India Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.7. Kazakhstan Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.8. Kazakhstan Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.9. Southeast Asia Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.10. Southeast Asia Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.11. Rest of Asia Pacific Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1.12. Rest of Asia Pacific Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Alumina Market Outlook, 2018 - 2030

9.1. Latin America Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Smelter Grade Alumina
9.1.1.2. Chemical Grade Alumina
9.2. Latin America Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Aluminum Production
9.2.1.2. Calcined Alumina
9.2.1.3. Alumina Hydrate
9.3. Latin America Alumina Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1.2. Brazil Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1.3. Argentina Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1.4. Argentina Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1.5. Rest of Latin America Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1.6. Rest of Latin America Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Alumina Market Outlook, 2018 - 2030

10.1. Middle East & Africa Alumina Market Outlook, by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Smelter Grade Alumina
10.1.1.2. Chemical Grade Alumina
10.2. Middle East & Africa Alumina Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Aluminum Production
10.2.1.2. Calcined Alumina
10.2.1.3. Alumina Hydrate
10.3. Middle East & Africa Alumina Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.2. GCC Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.3. South Africa Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.4. South Africa Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.5. Iran Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.6. Iran Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.7. Egypt Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.8. Egypt Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.9. Mozambique Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.10. Mozambique Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.11. Rest of Middle East & Africa Alumina Market by Grade, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1.12. Rest of Middle East & Africa Alumina Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2022
11.4. Competitive Dashboard
11.5. Company Profiles
11.5.1. Alumina Corporation of China Limited (Chalco)
11.5.1.1. Company Overview
11.5.1.2. Product Portfolio
11.5.1.3. Financial Overview
11.5.1.4. Business Strategies and Development
11.5.2. China Hongqiao Group Co. Ltd.
11.5.2.1. Company Overview
11.5.2.2. Product Portfolio
11.5.2.3. Financial Overview
11.5.2.4. Business Strategies and Development
11.5.3. Shandong Xinfa Aluminium Group
11.5.3.1. Company Overview
11.5.3.2. Product Portfolio
11.5.3.3. Financial Overview
11.5.3.4. Business Strategies and Development
11.5.4. Rio Tinto Alcan
11.5.4.1. Company Overview
11.5.4.2. Product Portfolio
11.5.4.3. Financial Overview
11.5.4.4. Business Strategies and Development
11.5.5. Alcoa Corporation
11.5.5.1. Company Overview
11.5.5.2. Product Portfolio
11.5.5.3. Financial Overview
11.5.5.4. Business Strategies and Development
11.5.6. United Company Rusal IPJSC
11.5.6.1. Company Overview
11.5.6.2. Product Portfolio
11.5.6.3. Financial Overview
11.5.6.4. Business Strategies and Development
11.5.7. Norsk Hydro ASA
11.5.7.1. Company Overview
11.5.7.2. Product Portfolio
11.5.7.3. Financial Overview
11.5.7.4. Business Strategies and Development
11.5.8. Alumina Limited
11.5.8.1. Company Overview
11.5.8.2. Product Portfolio
11.5.8.3. Financial Overview
11.5.8.4. Business Strategies and Development
11.5.9. South32 Limited
11.5.9.1. Company Overview
11.5.9.2. Product Portfolio
11.5.9.3. Financial Overview
11.5.9.4. Business Strategies and Development
11.5.10. Hindalco Industries Limited
11.5.10.1. Company Overview
11.5.10.2. Product Portfolio
11.5.10.3. Financial Overview
11.5.10.4. Business Strategies and Development
11.5.11. Jinjiang Group
11.5.11.1. Company Overview
11.5.11.2. Product Portfolio
11.5.11.3. Financial Overview
11.5.11.4. Business Strategies and Development
11.5.12. Vedanta Limited
11.5.12.1. Company Overview
11.5.12.2. Product Portfolio
11.5.12.3. Financial Overview
11.5.12.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Aluminum Corporation of China Limited (Chalco)
China Hongqiao Group Co. Ltd.
Shandong Xinfa Aluminium Group
Rio Tinto Group
Alcoa Corporation
United Company Rusal IPJSC
Norsk Hydro ASA
South32 Limited
Alumina Limited
Jinjiang G

Methodology

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Market Overview

Key Findings

Market Drivers

Market Challenges

Growth Opportunities Across Regions

Competition Landscape

Table of Contents

Companies Mentioned (Partial List)

Methodology

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