Global Bauxite Market Expected to Reach $42B by 2030 with Anticipated CAGR of +5.7%
Apr 23, 2024
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Global bauxite market is projected to experience a significant increase in demand over the next seven years, with market volume expected to reach 506M tons and market value estimated at $42B by 2030. China leads in both consumption and production of bauxite, while Guinea dominates in exports. The market is forecasted to show steady growth in the coming years, driven by factors such as increasing demand and fluctuating import and export prices.