Global Scandium Oxide Market Growth 2023-2029

Global Scandium Oxide Market Growth 2023-2029

Scandium (III) oxide, Sc2O3, is a high melting rare earth oxide. Scandium oxide appears as a free flowing white powder. It is used in the preparation of other scandium compounds as well as in high-temperature systems (for its resistance to heat and thermal shock), electronic ceramics, and glass composition (as a helper material). Principal uses for scandium oxide are in solid oxide fuel cells (SOFC’s), high-strength aluminum alloys, high intensity metal halide lamps, electronics, and laser research.



Scandium oxide is the primary form of refined scandium produced by the mining industry. Scandium-rich ores, such as thortveitite (Sc,Y)2(Si2O7) and kolbeckite ScPO4·2H2O are rare, however trace amounts of scandium are present in many other minerals. Scandium oxide is therefore predominately produced as a by-product from the extraction of other elements.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Scandium Oxide 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 Oxide.

The global Scandium Oxide market size is projected to grow from US$ 65 million in 2022 to US$ 83 million in 2029; it is expected to grow at a CAGR of 83 from 2023 to 2029.

The global Scandium Oxide consumption market is led by Europe. Europe is the largest region consumption market, accounting for about 37% market share.

The main manufacturers are Rusal, Stanford Materials, Metallica Minerals, Platina Resources, Scandium International Mining, DNI Metals, Great Western Minerals Group, Intermix-Met, CODOS, Hunan Oriental Scandium, Huizhou Top Metal Materials (TOPM), CNMC Pgma (Guangxi), Ganzhou Kemingrui etc. Rusal is the largest manufacturer with about 10% market share.

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

Market Segmentation:

Segmentation by type
Scandium Oxide 99.90%
Scandium Oxide 99.99%
Scandium Oxide 99.999%
Scandium Oxide 99.9995%

Segmentation by application
Aluminum-Scandium Alloys
High-Intensity Metal Halide Lamps
Lasers
SOFCs
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
Platina Resources
Scandium International Mining
DNI Metals
Great Western Minerals Group
Intermix-Met
CODOS
Hunan Oriental Scandium
Huizhou Top Metal Materials (TOPM)
CNMC Pgma (Guangxi)
Ganzhou Kemingrui

Key Questions Addressed in this Report

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

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

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

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

How does Scandium Oxide 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.