The global scandium metal market size is projected to witness considerable growth during the forecast period owing to its wide applications in various industries. One of the prominent applications of scandium metal is in the construction and automobile industry, where it is used as a material for manufacturing aircrafts and cars respectively. Furthermore, scandium oxide has high heat resistance which makes it ideal for manufacturing materials used in higintensity metal halide lamps, lasers, and SOFCs. The demand for scandium oxide on account of these applications are projected to be higher during the forecast period due to which this segment will likely grow at a high pace over the forecast period. In terms of types, Scandium Oxide 99.99% will continue being dominant with increased demand from various end-user industries such as construction and automobile sector over the next five years due to its lower cost compared with other grades such as Scandium Oxide 99.999%.
The global scandium metal market size was valued at US$ 117 Mn in 2018 and is expected to generate revenue by US$ 250 Mn by 2030 end while registering a CAGR of 9% from 2019-2030.
The global scandium metal market size has been segmented on the basis of type, end user, and region. The type segment is sub-segmented into Scandium Oxide 99.99% and Scandium Oxide 99.999%. On the other hand, end users can be broadly classified as construction and automobile industry. Region wise, this market has been segmented into North America, Europe, Asia Pacific excluding Japan (APEJ), Japan and Rest of World (RoW).
The construction industry will be one of the major drivers for the growth in demand for scandium metal over the forecast period due to increasing demand from real estate sector which is likely to drive up demand for building materials such as aluminum which make use of scandium metal to manufacture aircrafts and cars respectively. Furthermore, a significant number of commercial buildings are planned in China which will lead to increased consumption during that time period with related increase in demand for steel wire rods that contain small amount of scandium while manufacturing it. This factor coupled with others such as increased use in automobiles owing to technological advancements also makes this sector a potential driver for growth over forecast period. The automotive industry also benefits from introduction of new technologies such as electric vehicles where metallic alloys containing rare earth metals such as Scandium are used due their low weight properties while having high strength properties at same time making them suitable for manufacturing these vehicles. As electric vehicle technologies improve over time so does their range which ultimately leads to more usage leading towards higher demand during 2019-2030 forecast period compared with previous years owing to both its wide application in various industries along with improved technology associated with these sectors providing better efficiency products at low cost leading towards increased adoption by end users across APEJ countries including India where battery costs are expected reduce significantly through 2030 thereby driving up potential revenue generation by upstream manufacturers during 2019-2030 forecast periods owing mainly due its wider applications within different industries coupled with improving technology.
On the basis of product type, the market can be categorized as pure scandium and scandium alloys. On another hand, the alloys segment is expected to witness growth at a moderate pace during the forecast period due to its wide application in various industries such as aerospace and automotive sectors. Moreover increasing use of electronics products will also boost up growth prospects for this market going forward mainly because these products require large amounts of Scansdiaum Oxide 99.99% which has higher heat resistance than other grades such as Scandianum Oxide 99.9999%.
The global scandium metal regional analysis includes North America (UNA & Canada), Europe (EU-27 & Switzerland), Asia Pacific (APAC: China) Japan), South America (Brazil). Globally North America accounted for major share in 2018 based on presence in key regions like UNA and Canada which are located close proximity to primary producer countries like Russia where most significant reserves are found out there along with significant production capacities near by; furthermore it is also home ground for some prominent manufacturers who offer.
Industry Growth Insights published a new data on “Scandium Metal Market”. The research report is titled “Scandium Metal Market research by Types (Scandium Oxide 99.99%, Scandium Oxide 99.999%, Scandium Oxide 99.9995%, Scandium Metal Ingot), By Applications (Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, SOFCs), By Players/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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Scandium Metal Market Research Report
By Type
Scandium Oxide 99.99%, Scandium Oxide 99.999%, Scandium Oxide 99.9995%, Scandium Metal Ingot
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Scandium Metal Market Report Segments:
The global Scandium Metal market is segmented on the basis of:
Types
Scandium Oxide 99.99%, Scandium Oxide 99.999%, Scandium Oxide 99.9995%, Scandium Metal Ingot
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 Metal 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:
- Scandium Oxide 99.99%
- Scandium Oxide 99.999%
- Scandium Oxide 99.9995%
- Scandium Metal Ingot
- 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 Metal 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 is a rare and expensive metal that is used in various technologies. It can be found in coins, jewelry, and other objects.
Some of the major players in the scandium metal 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.
The scandium metal market is expected to grow at a compound annual growth rate of 9%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Scandium Metal 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 Metal Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Scandium Metal Market - Supply Chain
4.5. Global Scandium Metal Market Forecast
4.5.1. Scandium Metal Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Scandium Metal Market Size (000 Units) and Y-o-Y Growth
4.5.3. Scandium Metal Market Absolute $ Opportunity
5. Global Scandium Metal 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 Metal Market Size and Volume Forecast by Type
5.3.1. Scandium Oxide 99.99%
5.3.2. Scandium Oxide 99.999%
5.3.3. Scandium Oxide 99.9995%
5.3.4. Scandium Metal Ingot
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Scandium Metal 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 Metal 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 Metal 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 Metal 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 Metal 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 Metal 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 Metal Demand Share Forecast, 2019-2026
9. North America Scandium Metal 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 Metal 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 Metal 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 Metal Market Size and Volume Forecast by Type
9.7.1. Scandium Oxide 99.99%
9.7.2. Scandium Oxide 99.999%
9.7.3. Scandium Oxide 99.9995%
9.7.4. Scandium Metal Ingot
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 Metal Demand Share Forecast, 2019-2026
10. Latin America Scandium Metal 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 Metal 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 Metal 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 Metal Market Size and Volume Forecast by Type
10.7.1. Scandium Oxide 99.99%
10.7.2. Scandium Oxide 99.999%
10.7.3. Scandium Oxide 99.9995%
10.7.4. Scandium Metal Ingot
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 Metal Demand Share Forecast, 2019-2026
11. Europe Scandium Metal 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 Metal 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 Metal 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 Metal Market Size and Volume Forecast by Type
11.7.1. Scandium Oxide 99.99%
11.7.2. Scandium Oxide 99.999%
11.7.3. Scandium Oxide 99.9995%
11.7.4. Scandium Metal Ingot
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectins 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 Metal Demand Share, 2019-2026
12. Asia Pacific Scandium Metal 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 Metal 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 Metal 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 Metal Market Size and Volume Forecast by Type
12.7.1. Scandium Oxide 99.99%
12.7.2. Scandium Oxide 99.999%
12.7.3. Scandium Oxide 99.9995%
12.7.4. Scandium Metal Ingot
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 Metal Demand Share, 2019-2026
13. Middle East & Africa Scandium Metal 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 Metal 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 Metal 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 Metal Market Size and Volume Forecast by Type
13.7.1. Scandium Oxide 99.99%
13.7.2. Scandium Oxide 99.999%
13.7.3. Scandium Oxide 99.9995%
13.7.4. Scandium Metal Ingot
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 Metal Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Scandium Metal Market: Market Share Analysis
14.2. Scandium Metal Distributors and Customers
14.3. Scandium Metal 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
