Global Scandium Metal Market Growth 2023-2029

Global Scandium Metal Market Growth 2023-2029

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

LPI (LP Information)' newest research report, the “Scandium Metal Industry Forecast” looks at past sales and reviews total world Scandium Metal sales in 2022, providing a comprehensive analysis by region and market sector of projected Scandium Metal sales for 2023 through 2029. With Scandium Metal sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Scandium Metal industry.

This Insight Report provides a comprehensive analysis of the global Scandium Metal 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 Scandium Metal portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Scandium Metal market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Scandium Metal and breaks down the forecast by sc content, 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 Scandium Metal.

The global Scandium Metal market size is projected to grow from US$ 60 million in 2022 to US$ 120.3 million in 2029; it is expected to grow at a CAGR of 120.3 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Scandium Metal market by product sc content, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by sc content

99.9% and Above

99.95% and Above

99.99% and Above

Segmentation by application

SOFCs

Aluminum-scandium Alloys

High-intensity Metal Halide Lamps

Lasers

Others

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

Stanford Materials

Metallica Minerals

Sumitomo Metal Mining (SMM)

MCC

CODOS

Hunan Oriental Scandium

Huizhou Top Metal Materials(TOPM)

Rongjiayu Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Scandium Metal market?

What factors are driving Scandium Metal market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Scandium Metal market opportunities vary by end market size?

How does Scandium Metal break out sc content, 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.