Market Overview:
The global scandium 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 alloys in various end-use industries, such as aluminum-scandium alloys, high-intensity metal halide lamps, lasers and solid oxide fuel cells (SOFCs). Scandium is also used in doping semiconductor materials and optical fibers. In addition, rising awareness about the benefits of using scandium alloys is expected to boost the demand for scandium over the forecast period. However, limited availability of raw materials may hamper market growth over the forecast period.
Product Definition:
A rare earth metal that is used in various alloys. It is often added to aluminum alloys to make them lighter and stronger.
Alloy:
Alloy is a mixture of two or more metals, which are normally joined by metal to enhance or improve some property. Alloys are normally used for producing high strength and durable products. The most common alloys in the market include steel & iron, copper & zinc, aluminum & tin and lead & tin.
Metal:
Scandium is a chemical element that is a light, silver-gray, ductile metal. It has the highest boiling point of any metal and shows metallic properties at normal room temperature. It is very soft and flows easily under the influence of external forces; it also gets easily oxidized in air (as any non-metal does). All these features make scandium an ideal material for use in specialized applications like optical fiber cables or high-temperature superalloys.
Application Insights:
The application segment includes aluminum-scandium alloys, high-intensity metal halide lamps, lasers, and SOFCs. Aluminum-scandium alloys dominated the global market in terms of revenue in 2017. The product is used for manufacturing automotive parts that require strength and lightweight properties as well as corrosion resistance. These are also used to manufacture components that are required to operate at extreme temperatures without undergoing any change in shape or performance characteristics such as anode sheets for gas turbines and structural components of aircraft engines among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for high-efficiency industrial lasers, rising use of aluminum-scandium alloy in aerospace manufacturing, and growing automotive industry across countries such as China, India, Japan & South Korea.
The growth of key end-use industries coupled with favorable government policies aimed at promoting domestic production activities has resulted in significant scandium consumption across Asia Pacific region. In addition, growing nuclear power plant construction activities along with stringent government regulations regarding emission control systems are projected to drive product demand over the coming years.
Europe accounted for a major share due to early adoption of laser products coupled with presence of major aircraft manufacturers such as Airbus S A., Dassault Syst¨mes SA., Thales Group PLC.
Growth Factors:
- Increasing demand from the aerospace and defense industries for lightweight, high-strength alloys that Scandium can provide.
- Growing demand for Scandium in the LED lighting industry as it helps improve performance and efficiency.
- Rapid expansion of the renewable energy sector, as Scandium is a key component in solar panels and wind turbines.
- Increased use of Scandium in medical implants and other biomedical applications due to its unique properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Scandium Market Research Report
By Type
Alloy, Metal, Compounds
By Application
Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, SOFCs
By Companies
Rusal, Stanford Materials Corp., Metallica Minerals, Platina Resources Ltd., Scandium International Mining Corp., DNI Metals Inc., Great Western Minerals Group, Intermix-met, CODOS, Hunan Oriental Scandium Co. Ltd., Huizhou Top Metal Materials Co., Ltd (TOPM), CNMC Pgma (Guangxi), Ganzhou Kemingrui
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Scandium Market Report Segments:
The global Scandium market is segmented on the basis of:
Types
Alloy, Metal, Compounds
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
Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, SOFCs
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:
- Rusal
- Stanford Materials Corp.
- Metallica Minerals
- Platina Resources Ltd.
- Scandium International Mining Corp.
- DNI Metals Inc.
- Great Western Minerals Group
- Intermix-met
- CODOS
- Hunan Oriental Scandium Co. Ltd.
- Huizhou Top Metal Materials Co., Ltd (TOPM)
- CNMC Pgma (Guangxi)
- Ganzhou Kemingrui
Highlights of The Scandium 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:
- Alloy
- Metal
- Compounds
- By Application:
- Aluminum-scandium Alloys
- High-intensity Metal Halide Lamps
- Lasers
- SOFCs
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is a rare earth metal that has many potential uses in technology. It is used in magnets, lasers, and other electronic devices.
Some of the major companies in the scandium market are Rusal, Stanford Materials Corp., Metallica Minerals, Platina Resources Ltd., Scandium International Mining Corp., DNI Metals Inc., Great Western Minerals Group, Intermix-met, CODOS, Hunan Oriental Scandium Co. Ltd., Huizhou Top Metal Materials Co., Ltd (TOPM), CNMC Pgma (Guangxi), Ganzhou Kemingrui.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Scandium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Scandium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Scandium Market - Supply Chain
4.5. Global Scandium Market Forecast
4.5.1. Scandium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Scandium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Scandium Market Absolute $ Opportunity
5. Global Scandium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Scandium Market Size and Volume Forecast by Type
5.3.1. Alloy
5.3.2. Metal
5.3.3. Compounds
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Scandium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Scandium Market Size and Volume Forecast by Application
6.3.1. Aluminum-scandium Alloys
6.3.2. High-intensity Metal Halide Lamps
6.3.3. Lasers
6.3.4. SOFCs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Scandium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Scandium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Scandium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Scandium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Scandium Demand Share Forecast, 2019-2029
9. North America Scandium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Scandium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Scandium Market Size and Volume Forecast by Application
9.4.1. Aluminum-scandium Alloys
9.4.2. High-intensity Metal Halide Lamps
9.4.3. Lasers
9.4.4. SOFCs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Scandium Market Size and Volume Forecast by Type
9.7.1. Alloy
9.7.2. Metal
9.7.3. Compounds
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Scandium Demand Share Forecast, 2019-2029
10. Latin America Scandium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Scandium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Scandium Market Size and Volume Forecast by Application
10.4.1. Aluminum-scandium Alloys
10.4.2. High-intensity Metal Halide Lamps
10.4.3. Lasers
10.4.4. SOFCs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Scandium Market Size and Volume Forecast by Type
10.7.1. Alloy
10.7.2. Metal
10.7.3. Compounds
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Scandium Demand Share Forecast, 2019-2029
11. Europe Scandium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Scandium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Scandium Market Size and Volume Forecast by Application
11.4.1. Aluminum-scandium Alloys
11.4.2. High-intensity Metal Halide Lamps
11.4.3. Lasers
11.4.4. SOFCs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Scandium Market Size and Volume Forecast by Type
11.7.1. Alloy
11.7.2. Metal
11.7.3. Compounds
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Scandium Demand Share, 2019-2029
12. Asia Pacific Scandium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Scandium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Scandium Market Size and Volume Forecast by Application
12.4.1. Aluminum-scandium Alloys
12.4.2. High-intensity Metal Halide Lamps
12.4.3. Lasers
12.4.4. SOFCs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Scandium Market Size and Volume Forecast by Type
12.7.1. Alloy
12.7.2. Metal
12.7.3. Compounds
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Scandium Demand Share, 2019-2029
13. Middle East & Africa Scandium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Scandium Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Scandium Market Size and Volume Forecast by Application
13.4.1. Aluminum-scandium Alloys
13.4.2. High-intensity Metal Halide Lamps
13.4.3. Lasers
13.4.4. SOFCs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Scandium Market Size and Volume Forecast by Type
13.7.1. Alloy
13.7.2. Metal
13.7.3. Compounds
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Scandium Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Scandium Market: Market Share Analysis
14.2. Scandium Distributors and Customers
14.3. Scandium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Rusal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stanford Materials Corp.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Metallica Minerals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Platina Resources Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Scandium International Mining Corp.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DNI Metals Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Great Western Minerals Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Intermix-met
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CODOS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hunan Oriental Scandium Co. Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Huizhou Top Metal Materials Co., Ltd (TOPM)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CNMC Pgma (Guangxi)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ganzhou Kemingrui
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook