The chemical composition of the aluminium-scandium master-alloy is 2% scandium and the balance is 99.7% aluminium. The master alloy is used to add scandium to Al-Mg-Zr containing alloys, which are used in the form of sheet and plate. These sheets and plates are mainly used by aircraft manufactures. The scandium content in the aluminium sheet and plate varies from 0.2-0.4% scandium.
Aluminium scandium containing alloys combine high strength, ductility, weld-ability, improved corrosion resistance and a lower density (as a result of the magnesium in the alloy). The combination of all these properties makes aluminium-scandium containing alloys extremely suitable for aerospace industry.
The market of Aluminium-Scandium is concentrated. Of the 2017 global market, the top 11 companies, all multinational, account for about 82.64% of sales. RUSAL is by far the leader, with nearly 24.74% of the market. As major suppliers are seeking to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Production of Scandium and Aluminium-Scandium is mainly concentrated in Europe and China. Russia is the main production area especially. For consumption market, it is estimated North America, Europe, China and Japan are key market, with combined market share reached to 95.47% in 2017.
Scandium acts as a grain-refiner and hardener of aluminum alloys. Aluminum-scandium alloys combine high strength, ductility, weldability, improved corrosion resistance and a lower density. The combination of all these properties makes aluminum-scandium alloys well-suited for the aerospace, automotive and defense industries. Defense & Aerospace takes 82.71% share of 2017 alloy market. Applications of aluminum-scandium alloys include consumer products such as baseball bats, golf club heads and high-end bicycle wheel rims. However, the price of Al-Sc master alloys is still too high for most commercial applications.
According to this study, over the next five years the Aluminium-Scandium market will register a 7.3% CAGR in terms of revenue, the global market size will reach US$ 110 million by 2024, from US$ 70 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Aluminium-Scandium business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminium-Scandium market by product type, application, key manufacturers and key regions and countries.
This study considers the Aluminium-Scandium value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Al-Sc 2% Alloy
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Defense & Aerospace
Transportation
Consumer Goods
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
RUSAL
Intermix-met
KBM Master Alloys
Stanford Advanced Materials
HNRE
Hunan Oriental Scandium
Guangxi Maoxin
AMG Aluminum
Codos
TOPM
Shanghai Diyang
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Aluminium-Scandium consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Aluminium-Scandium market by identifying its various subsegments.
Focuses on the key global Aluminium-Scandium manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aluminium-Scandium with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Aluminium-Scandium submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Aluminium-Scandium . Industry analysis & Market Report on Aluminium-Scandium is a syndicated market report, published as Global Aluminium-Scandium Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Aluminium-Scandium market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.