Global Scandium Metal Market Growth 2025-2031

The global Scandium Metal market size is predicted to grow from US$ 88.5 million in 2025 to US$ 177 million in 2031; it is expected to grow at a CAGR of 12.2% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Scandium Metal Industry Forecast” looks at past sales and reviews total world Scandium Metal sales in 2024, providing a comprehensive analysis by region and market sector of projected Scandium Metal sales for 2025 through 2031. 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 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 Scandium Metal.

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

Segmentation by Type:
Sc≥99.9%
Sc≥99.95%
Sc≥99.99%

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 analysing 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 by Type, by Application?

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