
Global Scandium Metal Market By Product Type (99.99%, 99.999%, 99.9995%, Metal Ingot), By Application (Aluminum-Scandium Alloys, High-Intensity Metal Halide Lamps, Lasers, Solid Oxide Fuel Cells) and Region - Global Forecast to 2030
-
14729
-
Jan 2021
-
92
-
PDF
-
-
Request for Sample
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
-
Global Scandium Metal Market Overview:
The Global Scandium Metal Market was valued at UЅD $74.1 Мn in 2020, and is projected to achieve a valuation of UЅD $102 Мn by 2030, at a САGR of 3.9%.
Scandium is a chemical element with the symbolic Sc and atomic number 21. A silvery-white metallic d-block, it has historically been classified as a rare-earth element, together with yttrium and lanthanides. Scandium is mainly used to create high-intensity lighting and mercury vapor lamps, as it has been found to produce light that is very similar to natural sunlight.
Dynamics:
Scandium when used in conjunction with aluminum as an alloy possesses various favorable properties such as improved resistance to corrosion and salt, easier weldability, excellent hydro-formability and heat working temperature, as well as better anodization. Owing to these benefits, this product is increasingly being implemented in the aviation industry for various applications including the manufacture of aviation components. This is a major factor that is slated to continue to fuel the revenue growth of the global scandium metal market over the next decade.
Furthermore, increasing investments being made by various government organizations towards the further development of the electronics industry, as well as in the strengthening of their respective defense forces. These factors are also slated to play a pivotal role in boosting new opportunities for market growth in the years to come.
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global scandium metal market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Furthermore, the high costs associated with scandium, as well as the limited supply of this metal are also some of the other factors that may restrain the revenue growth of the global scandium metal market in the near future.
Nonetheless, the growing demand for high voltage wires essential for the transmission of energy, as well as the surging demand for scandium from the automotive sector where it is increasingly being used to manufacture various automotive parts, are some of the other major factors that are anticipated to have a profound influence on the revenue growth of the global scandium metal market over the next 10 years.
Segmentation of the Global Scandium Metal Market is as follows:
In terms of product type, the scandium metal ingot segment accounted for the maximum number of revenue shares of the global scandium metal market in 2020, and this segment is expected to continue doing so over the forecast period. The scandium oxide 99.99% segment is also anticipated to index a high CAGR over the next 10 years.
On the basis of application, the SOFCs segment accounted for the maximum number of revenue shares of the global scandium metal market in 2020, and this segment is slated to continue to do so over the next 10 years. However, the aluminum-scandium alloys segment is expected to register the highest CAGR over the forecast period.
Regional Segmentation and Analysis:
The markets in China accounted for the maximum number of revenue shares of the global scandium metal market in 2020, and is indicative of retaining its respective market position over the next decade. The markets in the United States of America are also anticipated to index a high CAGR over the course of the forecast period.
Segmentation of the Global Scandium Metal Market:
Segmentation by Product Type:
- Scandium oxide 99.99%
- Scandium oxide 99.999%
- Scandium oxide 99.9995%
- Scandium metal ingot
Segmentation by Application:
- Aluminum-Scandium Alloys
- High-Intensity Metal Halide Lamps
- Lasers
- Solid Oxide Fuel Cells (SOFCs)
Segmentation by Regions:
- North America
- Europe
- APAC
- South America
- MEA
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- Rusal
- Platina Resources Ltd.
- 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.
- Bloom Energy Corporation
-
- Chapter 1 Global Scandium Metal Market Overview
- 1.1 Introduction
- 1.2 Segmentation for Global Scandium Metal Market, based on Product Type, Therapy and Region
- 1.3 Drivers of Global Scandium Metal Market
- 1.4 Restraints of Global Scandium Metal Market
- 1.5 Opportunities of Global Scandium Metal Market
- 1.6 Trends of Global Scandium Metal Market
- 1.7 PEST Analysis
- 1.8 Value Chain Analysis
- 1.9 PORTER'S Five Forces Analysis
- 1.10 Macro-economic Factors
- 1.11 Opportunity Map Analysis
- 1.11.1 Optimistic Scenario
- 1.11.2 Likely Scenario
- 1.11.3 Conservative Scenario
- 1.12 Opportunity Orbits
- 1.13 Regional Market Share and BPS Analysis
- 1.14 Market Investment Feasibility Index
- 1.15 Global Scandium Metal Pricing Analysis (US$/Kg) by Region, 2019
- 1.16 Global Scandium Metal Pricing Analysis (US$/Kg) by Product Type, 2019
- 1.17 Global Scandium Metal Volume Market Share by Product Type in 2019
- 1.18 Global Scandium Metal Volume Market Share by Country in 2019
- 1.19 Global Producers of SC
- 1.20 Scandium
- 1.20.1 Fact Box
- 1.20.2 Atomic Data
- 1.20.3 Oxidation states and isotopes
- 1.20.4 Supply Risk
- 1.20.5 Pressure and Temperature Data
- 1.20.6 Uses and Properties
- 1.21 Business Locations
- 1.21.1 World Mine Production and Reserve
- 1.22 Manufacturing Cost Analysis
- 1.23 Raw Material for Scandium Metal
- 1.24 Production Procedure
- 1.24.1 Scandium from Bauxite Residue
- 1.24.2 Scandium from Uranium
- 1.25 Scandium Distributors List
- 1.26 Global Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.26.1 Global Import Data (US$ Thousand)
- 1.26.2 Global Export Data (US$ Thousand)
- 1.27 USA Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.27.1 USA Import Data (US$ Thousand)
- 1.27.2 USA Export Data (US$ Thousand)
- 1.28 Germany Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.28.1 Germany Import Data (US$ Thousand)
- 1.28.2 Germany Export Data (US$ Thousand)
- 1.29 Japan Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.29.1 Japan Import Data (US$ Thousand)
- 1.29.2 Japan Export Data (US$ Thousand)
- 1.30 China Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.30.1 China Import Data (US$ Thousand)
- 1.30.2 China Export Data (US$ Thousand)
- 1.31 India Import-Export Data for Rare Earth Metal, scandium and yttrium (US$ Thousand)
- 1.31.1 India Import Data (US$ Thousand)
- 1.31.2 India Export Data (US$ Thousand)
- Chapter 2 Global Scandium Metal Market Overview
- 2.1 Global Scandium Metal Market by Product Type
- 2.1.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Product Type (2013-2029)
- 2.1.2 Global Scandium Metal Revenue (US$ Mn) Market Share by Product Type in 2019
- 2.1.3 Global Scandium Metal Market Attractiveness Analysis by Product Type, 2013–2019
- 2.2 Global Scandium Metal Market by Application
- 2.2.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Application (2013-2029)
- 2.2.2 Global Scandium Metal Revenue (US$ Mn) Market Share by Application in 2019
- 2.2.3 Global Scandium Metal Market Attractiveness Analysis by Application, 2013–2019
- 2.3 Global Scandium Metal Market Outlook by Region
- 2.3.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Region (2013-2029)
- 2.3.2 Global Scandium Metal Revenue (US$ Mn) Market Share by Region in 2018
- 2.3.3 Global Scandium Metal Market Attractiveness Analysis by Region, 2012–2018
- 2.4 Global Scandium Metal Market Outlook (2013-2029)
- 2.4.1 Global Scandium Metal Revenue (US$ Mn) (2013-2020)
- 2.4.2 Global Scandium Metal Revenue (US$ Mn) (2021-2029)
- 2.5 Global Scandium Metal Revenue (US$ Mn) and Volume (MT) by Regions
- 2.5.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Region (2013-2020)
- 2.5.2 Global Scandium Metal Revenue (US$ Mn) Comparison by Region (2021-2029)
- 2.5.3 Global Scandium Metal Volume (MT) Comparison by Region (2013-2020)
- 2.5.4 Global Scandium Metal Volume (MT) Comparison by Region (2021-2029)
- 2.6 Global Scandium Metal Revenue (US$ Mn) and Volume (MT) by Product Type
- 2.6.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Product Type (2013-2020)
- 2.6.2 Global Scandium Metal Revenue (US$ Mn) Comparison by Product Type (2021-2029)
- 2.6.3 Global Scandium Metal Volume (MT) Comparison by Product Type (2013-2020)
- 2.6.4 Global Scandium Metal Volume (MT) Comparison by Product Type (2021-2029)
- 2.7 Global Scandium Metal Revenue (US$ Mn) and Volume (MT) by Application
- 2.7.1 Global Scandium Metal Revenue (US$ Mn) Comparison by Application (2013-2020)
- 2.7.2 Global Scandium Metal Revenue (US$ Mn) Comparison by Application (2021-2029)
- 2.7.3 Global Scandium Metal Volume (MT) Comparison by Application (2013-2020)
- 2.7.4 Global Scandium Metal Volume (MT) Comparison by Application (2021-2029)
- 2.8 Global Scandium Metal Y-o-Y Growth Rate Comparison 2014–2029
- 2.8.1 Global Scandium Metal Y-o-Y Growth Rate by Region
- 2.8.2 Global Scandium Metal Market Y-o-Y Growth Rate by Product Type
- 2.8.3 Global Scandium Metal Y-o-Y Growth Rate by Application
- 2.9 Global Scandium Metal Share Comparison 2014–2029
- 2.9.1 Global Scandium Metal Share by Region
- 2.9.2 Global Scandium Metal Market Share by Product Type
- 2.9.3 Global Scandium Metal Share by Application
- 2.1 Global Scandium Metal Market by Product Type
- Chapter 3 Global Scandium Metal Market Company Profiles
- 3.1 Market Competition Scenario Analysis
- 3.2 Overview of Major Market Players
- 3.3 Company Profile
- 3.3.1 Rusal
- 3.3.1.1 Company Overview
- 3.3.1.2 Business Description
- 3.3.1.3 Product Portfolio
- 3.3.1.4 Key Financials
- 3.3.1.5 Key Developments
- 3.3.1.6 SWOT Analysis
- 3.3.2 Platina Resources Ltd
- 3.3.2.1 Company Overview
- 3.3.2.2 Business Description
- 3.3.2.3 Product Portfolio
- 3.3.2.4 Key Financials
- 3.3.2.5 Key Developments
- 3.3.3 Metallica Minerals Limited
- 3.3.3.1 Company Overview
- 3.3.3.2 Business Description
- 3.3.3.3 Product Portfolio
- 3.3.3.4 Key Financials
- 3.3.3.5 Key Developments
- 3.3.3.6 SWOT Analysis
- 3.3.4 DNI Metals Inc.
- 3.3.4.1 Company Overview
- 3.3.4.2 Business Description
- 3.3.4.3 Product Portfolio
- 3.3.5 Scandium International Mining Corp.
- 3.3.5.1 Company Overview
- 3.3.5.2 Business Description
- 3.3.5.3 Product Portfolio
- 3.3.5.4 Key Financials
- 3.3.5.5 Key Developments
- 3.3.6 Stanford Materials Corporation
- 3.3.6.1 Company Overview
- 3.3.6.2 Business Description
- 3.3.6.3 Product Portfolio
- 3.3.7 Huizhou Top Metal Materials Co., Ltd (TOPM)
- 3.3.7.1 Company Overview
- 3.3.7.2 Business Description
- 3.3.7.3 Product Portfolio
- 3.3.8 Hunan Oriental Scandium Co., Ltd.
- 3.3.8.1 Company Overview
- 3.3.8.2 Business Description
- 3.3.8.3 Product Portfolio
- 3.3.9 Ganzhou Kemingrui Non-ferrous Materials Co., Ltd.
- 3.3.9.1 Company Overview
- 3.3.9.2 Business Description
- 3.3.9.3 Product Portfolio
- 3.3.10 Bloom Energy Corporation
- 3.3.10.1 Company Overview
- 3.3.10.2 Business Description
- 3.3.10.3 Product Portfolio
- 3.3.10.4 Key Financials
- 3.3.1 Rusal
- Chapter 4 Research Methodology
- 4.1 Research Methodology
- 4.2 Primary Research
- 4.3 Secondary Research
- 4.4 Report Scope
- Chapter 5 About Us
- 5.1 Who we are:
- Chapter 1 Global Scandium Metal Market Overview
Frequently Asked Questions (FAQ)
Markets in China and the US are projected to contribute higher revenue shares as compared to other regions/countries in the global market, respectively.
The scandium metal ingot product type segment is projected to contribute the highest revenue share in the global market over the next 10 years.
The solid oxide fuel cells (SOFCs) application segment is projected to be valued at approximately US$ 36 Mn in 2029.
Revenue from the global scandium metal market is expected to expand at a CAGR of 3.6% and is projected to reach a value of around US$ 0.1 Bn in 2029.
United Company RUSAL, Metallica Minerals Limited, DNI Metals Inc., Scandium International Mining Corp., and Stanford Materials Corporation are the top five companies in the global scandium metal market.
OUR CLIENTS
Don't just take our word. We are trusted by these great companies!