Market Overview:
The global scandium chloride market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for scandium chloride in various applications such as processing and manufacturing, chemical, and others. Scandium chloride is used as a precursor for the production of scandium oxide, which is used in various end-use industries such as aerospace & defense, automotive, energy & power generation, and others. Additionally, growing awareness about the benefits of using scandium oxide in these industries is also propelling the growth of the global scandium chloride market.
Product Definition:
A white, crystalline solid, scandium chloride is used as a source of the element scandium. Scandium chloride is also used in the production of other scandium compounds.
Purity 99.99%- 99.999%:
Purity 99.99%- 99.999% is a term used for substances that contain no contaminants at all, it means pure in nature, there can be no doubt about its purity since the analysis is repeated under controlled conditions and the results are definitive.
Purity 99.9%-99.99%:
Purity 99.9%-99.99% is a type of Pharmaceutical-grade Hydroxyapatite that has been used in the treatment of bone metastases and as an adjunctive therapy for cancer patients on chemotherapy who have not received tumor cells by intravenous injection. It was developed by the Japanese biotechnology company, Avantor Performance Materials Inc., which patented its technology in Japan in 2007, followed by U.S.
Application Insights:
Processing and manufacturing application segment accounted for the largest market share in 2017. Scandium chloride is used as a process material in the refining of petroleum gas to produce chlorine, caustic soda and other chemicals. The increasing demand for scandium chloride from various industries including oil & gas, pulp & paper, food processing etc., is expected to drive the global market over the forecast period.
The chemical application segment was valued at USD 901.1 million in 2017 owing to its extensive use as an additive in fire extinguishers, paints and coatings etc.
Regional Analysis:
Europe was the second-largest regional market in 2017. The region is expected to witness a moderate growth rate over the forecast period owing to rising demand for Scandium from various end-use industries, such as electronics and automotive. In addition, increasing R&D activities are projected to fuel industry expansion over the coming years.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to rapid industrialization and economic development in countries like China and India. Growing population coupled with rising disposable income levels has resulted in increased demand for consumer electronics products such as mobiles phones and tablets; which is likely drive industry expansion over next eight years or so.
Growth Factors:
- Increasing demand from the aerospace and defense industries for Scandium Chloride as a flame retardant in composite materials.
- Growing demand for Scandium Chloride in the chemical industry as a precursor to scandate, an important component of optical fibers.
- Rising consumption of Scandium Chloride in metallurgical applications due to its high melting point and resistance to oxidation at high temperatures.
- Increasing use of Scandium Chloride in pharmaceuticals and medical devices due to its anti-inflammatory properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Scandium Chloride Market Research Report
By Type
Purity 99.99%- 99.999%, Purity 99.9%-99.99%, Purity 99%- 99.9%
By Application
Processing and Manufacturing, Chemical, Other
By Companies
Nanjing XINUO Chemical Technology, American Elements, Ottokemi, Thermo Fisher Scientific, Materion, Edgetech Industries, ProChem, Ereztech, Stanford Advanced Materials, Hunan Oriental Scandium
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Scandium Chloride Market Report Segments:
The global Scandium Chloride market is segmented on the basis of:
Types
Purity 99.99%- 99.999%, Purity 99.9%-99.99%, Purity 99%- 99.9%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Processing and Manufacturing, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nanjing XINUO Chemical Technology
- American Elements
- Ottokemi
- Thermo Fisher Scientific
- Materion
- Edgetech Industries
- ProChem
- Ereztech
- Stanford Advanced Materials
- Hunan Oriental Scandium
Highlights of The Scandium Chloride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99.99%- 99.999%
- Purity 99.9%-99.99%
- Purity 99%- 99.9%
- By Application:
- Processing and Manufacturing
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Scandium Chloride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Scandium chloride is a white, odorless, crystalline powder that is used in various industries as an alloying agent and catalyst. It has a high melting point and low reactivity, which makes it ideal for use in manufacturing processes that require stability.
Some of the major players in the scandium chloride market are Nanjing XINUO Chemical Technology, American Elements, Ottokemi, Thermo Fisher Scientific, Materion, Edgetech Industries, ProChem, Ereztech, Stanford Advanced Materials, Hunan Oriental Scandium.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Scandium Chloride Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Scandium Chloride Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Scandium Chloride Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Scandium Chloride Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Scandium Chloride Market Size & Forecast, 2020-2028 4.5.1 Scandium Chloride Market Size and Y-o-Y Growth 4.5.2 Scandium Chloride Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity 99.99%- 99.999%
5.2.2 Purity 99.9%-99.99%
5.2.3 Purity 99%- 99.9%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Processing and Manufacturing
6.2.2 Chemical
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Scandium Chloride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Scandium Chloride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity 99.99%- 99.999%
9.6.2 Purity 99.9%-99.99%
9.6.3 Purity 99%- 99.9%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Processing and Manufacturing
9.10.2 Chemical
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity 99.99%- 99.999%
10.6.2 Purity 99.9%-99.99%
10.6.3 Purity 99%- 99.9%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Processing and Manufacturing
10.10.2 Chemical
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity 99.99%- 99.999%
11.6.2 Purity 99.9%-99.99%
11.6.3 Purity 99%- 99.9%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Processing and Manufacturing
11.10.2 Chemical
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity 99.99%- 99.999%
12.6.2 Purity 99.9%-99.99%
12.6.3 Purity 99%- 99.9%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Processing and Manufacturing
12.10.2 Chemical
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity 99.99%- 99.999%
13.6.2 Purity 99.9%-99.99%
13.6.3 Purity 99%- 99.9%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Processing and Manufacturing
13.10.2 Chemical
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Scandium Chloride Market: Competitive Dashboard
14.2 Global Scandium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nanjing XINUO Chemical Technology
14.3.2 American Elements
14.3.3 Ottokemi
14.3.4 Thermo Fisher Scientific
14.3.5 Materion
14.3.6 Edgetech Industries
14.3.7 ProChem
14.3.8 Ereztech
14.3.9 Stanford Advanced Materials
14.3.10 Hunan Oriental Scandium