India Alumina Market Outlook

the alumina market in india has been experiencing steady growth over the past years and is expected to continue over the forecast period (2018-2032). in 2017, alumina production in india was estimated to be around 2.9 million metric tons. this was mainly driven by an increased investment in the country’s aluminum industry, which has benefited from increased foreign direct investments and subsidies from the government. to meet the growing demand, indian alumina manufacturers have been investing heavily in new technologies. india’s leading alumina player, nalco, is a stunning example of this with its new technology that increases production efficiency and reduces emissions significantly. other major players in the market include hindalco industries ltd, hindustan zinc ltd, bharat aluminium company ltd, and vedanta resources. in an effort to meet the rising demand, the indian government has guarded the resources for domestic production of alumina and has adopted a number of policies and initiatives to encourage its development. the government has implemented several policies such as providing loans and subsidies to support the industry and encouraging imports of raw materials and equipment. the government has also set up the aluminium capping scheme which provides import duty upto 5%. besides these incentives, the government has also set up specialized r&d institutes such as the indus aluminium technology development centre and the central institute of mining and fuel research to help with the advancement of innovative production technologies. due to these favorable measures, india is expected to witness a cagr of 5.7% in alumina production during the forecast period, from 2018 to 2032. this growth is mainly driven by increasing investment into aluminum industry, sustained government support and infrastructure developments in the country. in conclusion, the outlook of the indian alumina market remains strong. with the help of favorable government policies and funding, the country will continue to witness healthy growth in the alumina production. this will be boosted further with the help of new production technologies and innovative production methods, making india a significant player in the global alumina market.