According to our (Global Info Research) latest study, the global Scandium Metal market size was valued at USD 76 million in 2022 and is forecast to a readjusted size of USD 160.9 million by 2029 with a CAGR of 11.3% during review period.
Scandium is a silvery metal that is soft and has a density of about three times that of water. And it is a transition metal and is also considered a rare earth element due to similar chemical properties (such as difficulty in extracting and in separating from other elements) and existence in the same ores.
Global main manufacturers of Scandium metal include MCC, Hunan Oriental Scandium and Rusal, etc. The top three players hold a share about 37%. China is the largest producer, holds a share around 58%, followed by Europe and Australia, with share 29% and 1%, separately. The largest market is North America, holds a share about 37%, followed by Asia Pacific and Europe, with around 36% and 26% market share respectively.
The Global Info Research report includes an overview of the development of the Scandium Metal industry chain, the market status of SOFCs (Sc≥99.9%, Sc≥99.95%), Aluminum-scandium Alloys (Sc≥99.9%, Sc≥99.95%), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Scandium Metal.
Regionally, the report analyzes the Scandium Metal markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Scandium Metal market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Scandium Metal market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Scandium Metal industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Kg), revenue generated, and market share of different by Type (e.g., Sc≥99.9%, Sc≥99.95%).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Scandium Metal market.
Regional Analysis: The report involves examining the Scandium Metal market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Scandium Metal market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Scandium Metal:
Company Analysis: Report covers individual Scandium Metal manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Scandium Metal This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (SOFCs, Aluminum-scandium Alloys).
Technology Analysis: Report covers specific technologies relevant to Scandium Metal. It assesses the current state, advancements, and potential future developments in Scandium Metal areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Scandium Metal market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Scandium Metal market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Sc≥99.9%
Sc≥99.95%
Sc≥99.99%
Market segment by Application
SOFCs
Aluminum-scandium Alloys
High-intensity Metal Halide Lamps
Lasers
Others
Major players covered
Rusal
Stanford Materials
Metallica Minerals
Sumitomo Metal Mining (SMM)
MCC
CODOS
Hunan Oriental Scandium
Huizhou Top Metal Materials(TOPM)
Rongjiayu Technology
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Scandium Metal product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Scandium Metal, with price, sales, revenue and global market share of Scandium Metal from 2018 to 2023.
Chapter 3, the Scandium Metal competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Scandium Metal breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Scandium Metal market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Scandium Metal.
Chapter 14 and 15, to describe Scandium Metal sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Scandium Metal. Industry analysis & Market Report on Scandium Metal is a syndicated market report, published as Global Scandium Metal Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Scandium Metal market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.