Global Aluminium-Scandium Market Growth 2023-2029

Global Aluminium-Scandium Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Aluminium-Scandium Industry Forecast” looks at past sales and reviews total world Aluminium-Scandium sales in 2022, providing a comprehensive analysis by region and market sector of projected Aluminium-Scandium sales for 2023 through 2029. With Aluminium-Scandium sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aluminium-Scandium industry.
This Insight Report provides a comprehensive analysis of the global Aluminium-Scandium landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aluminium-Scandium portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aluminium-Scandium market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminium-Scandium and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aluminium-Scandium.
The global Aluminium-Scandium market size is projected to grow from US$ 76 million in 2022 to US$ 118.9 million in 2029; it is expected to grow at a CAGR of 118.9 from 2023 to 2029.
Global MAluminium-Scandium key players include RUSAL, Intermix-met, KBM Master Alloys, Stanford Advanced Materials, etc. Global top four manufacturers hold a share over 50%.
China is the largest market, with a share over 35%, followed by China, and North America, both have a share about 50 percent.
In terms of product, Al-Sc 2% Alloy is the largest segment, with a share over 90%. And in terms of application, the largest application is Defense & Aerospace, followed by Transportation, Consumer Goods , etc.
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.
Market Segmentation:
Segmentation by type
Al-Sc 2% Alloy
Others
Segmentation by application
Defense and Aerospace
Transportation
Consumer Goods
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
RUSAL
Intermix-met
KBM Master Alloys
Stanford Advanced Materials
HNRE
Hunan Oriental Scandium
Guangxi Maoxin
AMG Aluminum
Codos
TOPM
Shanghai Diyang
Key Questions Addressed in this Report
What is the 10-year outlook for the global Aluminium-Scandium market?
What factors are driving Aluminium-Scandium market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Aluminium-Scandium market opportunities vary by end market size?
How does Aluminium-Scandium break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.