Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Scandium Market by Type (Alloy, Metal, Compounds), By Application (Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, SOFCs) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Scandium Market by Type (Alloy, Metal, Compounds), By Application (Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, SOFCs) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131697 3300 Chemical & Material 377 241 Pages 4.6 (45)

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.

Global Scandium Industry Outlook

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 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.


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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Rusal
  2. Stanford Materials Corp.
  3. Metallica Minerals
  4. Platina Resources Ltd.
  5. Scandium International Mining Corp.
  6. DNI Metals Inc.
  7. Great Western Minerals Group
  8. Intermix-met
  9. CODOS
  10. Hunan Oriental Scandium Co. Ltd.
  11. Huizhou Top Metal Materials Co., Ltd (TOPM)
  12. CNMC Pgma (Guangxi)
  13. Ganzhou Kemingrui

Global Scandium Market Overview

Highlights of The Scandium Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Alloy
    2. Metal
    3. Compounds
  1. By Application:

    1. Aluminum-scandium Alloys
    2. High-intensity Metal Halide Lamps
    3. Lasers
    4. SOFCs
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Scandium Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Stanford Materials Corp. Overview Financials Developments Strategic Outlook
      14.4.3. Metallica Minerals Overview Financials Developments Strategic Outlook
      14.4.4. Platina Resources Ltd. Overview Financials Developments Strategic Outlook
      14.4.5. Scandium International Mining Corp. Overview Financials Developments Strategic Outlook
      14.4.6. DNI Metals Inc. Overview Financials Developments Strategic Outlook
      14.4.7. Great Western Minerals Group Overview Financials Developments Strategic Outlook
      14.4.8. Intermix-met Overview Financials Developments Strategic Outlook
      14.4.9. CODOS Overview Financials Developments Strategic Outlook
      14.4.10. Hunan Oriental Scandium Co. Ltd. Overview Financials Developments Strategic Outlook
      14.4.11. Huizhou Top Metal Materials Co., Ltd (TOPM) Overview Financials Developments Strategic Outlook
      14.4.12. CNMC Pgma (Guangxi) Overview Financials Developments Strategic Outlook
      14.4.13. Ganzhou Kemingrui Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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