Global Scandium Market 2021 is expected to register a CAGR of 11.55%, during forecast period with Impact of Covid 19 Analysis


Global “Scandium Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Scandium in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Scandium Market report categorizes the market based on manufacturers, regions, type, and application. Scandium Market reports offer a detailed assessment of the Scandium including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Scandium market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.


The scandium market is expected to reach a volume of 24,791.65 kilograms by 2023 with an estimated CAGR of 11.55% during the forecast period (2018 – 2023), due to excessive demand in various segments, such as electronics, LED & lasers, and batteries. The increasing demand in the aerospace and automotive industries will contribute to the growth of the scandium market. New avenues in chemical refining technology are a good opportunity for scandium manufacturers to tap into. In addition, innovative product application of scandium provides an excellent prospect to further drive the market.

Accelerating Usage in Solid Oxide Fuel Cells (SOFCs)

The principal use of scandium in future will be in the form of Solid Oxide Fuel Cells (SOFCs), aluminum-scandium alloys due to its electrical conductivity and heat stabilization qualities. Aluminum-scandium alloys are majorly used in aerospace and other high-performance applications. Operating at low temperatures reduces the component costs and extends fuel cell life, thus making SOFCs competitive and cheaper in comparison to other sources of electricity. However, the limited availability of scandium restricts its usage. It is estimated that, SOFCs market alone will consume about five times scandium compared to current consumption, provided it is available in abundance.

Aerospace – The Fastest Growing Segment by Usage

The global scandium market in the aerospace and defense industry is expected to reach a volume of 15,305.77 kilogram by 2023, at an estimated CAGR of 11.87%, during the forecast period 2018-2023. One of the most important uses of scandium is the preparation of aluminum-scandium alloy, which is used in the aerospace industry during the manufacturing of aircraft. Aircraft designers believe that when scandium is added in trace amount (about 0.1% to 0.5%) to aluminum, the strength of aluminum increases, thus reducing weight by 15% – 20%. Estimates show that a single-aisle aircraft could use up to 70 kilograms of scandia. However, the concern is the availability of metal.

Asia-Pacific to Lead the Market

China accounted for the highest consumption share due to high reserves of scandium, along with government policies restricting large scale export of the product. Majority of this consumption was accounted for by a limited number of downstream applications, including nuclear energy, aerospace and defense, and electronics, among others.

The Global Scandium market is a consolidated market with the presence of limited number of players, across the globe. Globally, there are more than 50 players in the scandium market, with the top 6 players accounting for close to half of the scandium production globally. Scandium International Mining Corp. is leading the market with a share of 11%. Hunan Oriental Scandium Co. Ltd is the largest producer of scandium in China, while NioCorp Development Ltd is the only manufacturer of scandium in the North American market.

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The global Scandium market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Scandium Market Report covers the Top Key-players in 2021:-

  • Alfa Aesar
  • All-Chemie
  • Atlantic Equipment Engineers
  • Beijing Cerametek Materials
  • Cathay Advanced Materials Limited
  • Clean Teq
  • Dni Metals Inc
  • Galileo Resources Plc
  • Gfs Chemicals
  • Goodfellow
  • Great Western Minerals Group
  • Haihang Industry
  • Hunan Oriental Scandium Co.
  • Ltd
  • Materion Corporation (Cerac
  • Inc.)
  • Metallica Minerals
  • Molycorp
  • Orbite Technologies Inc
  • Platina Resources Limited
  • Pele Mountain Resources
  • Scandium International Mining Corp
  • Stanford Materials Corporation
  • Sigma-Aldrich
  • Treibacher Industrie Ag
  • Uranium One
  • Australian Mines Ltd
  • Huizhou Top Metal Materials Co.
  • Ltd (TOPM)
  • Rusal

Highlighted points of Scandium Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Scandium Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Scandium? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Scandium Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Scandium Market? What Was Capacity, Production Value, Cost and PROFIT of Scandium Market?
  • What Is Current Market Status of Scandium Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Scandium Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Scandium Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Scandium Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Scandium Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Scandium Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Scandium Industry?

Key Developments in the Scandium Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reasons to Purchase this ReportTo understand the impact of end-user applications on the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisCountries expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3 months analyst support, along with the Market Estimate sheet (in excel)

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    Finally, the report Global Scandium Market 2021 describes the Scandium industry expansion game plan, the Scandium industry knowledge supply, appendix, analysis findings, and the conclusion.

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