Scandium metal is a silver-white relatively softer transition chemical element which is used in various industries and sectors including aerospace, sports and electricity/ power transmission sector. The global Scandium metal market is segmented on the basis of product type, application, and regions and countries. The global Scandium metal market is projected to account for a revenue around US$ 0.1 Billion in 2029 and register a CAGR of 3.6% over the forecast period. Among the product type segments, the Scandium metal ingot segment is expected to account for highest revenue share of US$ 24.9 Million in 2019. The SOFCs segment is expected to account for higher revenue share of 34.8% as compared to the other application segments in 2019. On the basis of regions and countries, the Scandium metal market in China is projected to account for highest revenue share of US$ 18.3 Million in 2019.
Key players include Rusal, Platina Resources Limited, Metallica Minerals Limited, DNI Metals Inc., Scandium International Mining Corp., Stanford Materials Corporation, Huizhou Top Metal Materials Co., Ltd (TOPM)., Hunan Oriental Scandium Co., Ltd., Ganzhou kemingrui Non-ferrous Materials Co., Ltd., and Bloom Energy Corporation.
