Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Scandium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global scandium market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Scandium is a silvery-white metallic element found in association with rare earth elements. It can also be obtained from thortveitite or extracted as a by-product from uranium mill tailings. It has a high melting point and low density like aluminum and its small ion size enables it to react chemically with elements like magnesium, zirconium, and aluminum. Due to these properties, it is widely used to make bright mercury-vapor lamps that produce sunlight-like light. Apart from this, as it assists in reducing solidification cracking during the welding of high strength aluminum alloys, scandium is employed in the aerospace industry worldwide.

Scandium Market Trends:

There is a considerable rise in the demand for solid oxide fuel cells (SOFCs) for producing electricity. This represents one of the key factors strengthening the growth of the market. Scandium assists the power generation system in operating at much lower temperatures and reducing the cost of SOFCs, thereby facilitating its widespread adoption for distributed power generation worldwide. Besides this, due to a significant increase in electricity prices, there is a growing need for a sustainable power generation method. This, in turn, is positively influencing the sales of scandium around the world. Moreover, it is used as a substitute for yttria (Y2O3) as a stabilizing agent for the solid electrolyte in the fuel cell. This enables reactions to occur at lower temperatures, therefore extending the life of the components and increasing the power density of the unit. This, along with the growing adoption of aluminum-scandium alloys, is positively influencing the market. Furthermore, the rising utilization of SOFC-based fuel cells as replacements for internal combustion engines in light-duty vehicles and warehouse forklifts to increase vehicle efficiency and support the goals of reducing oil usage and emissions from the transportation sector acts as another growth-inducing factor.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global scandium market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

  • Oxide
  • Fluoride
  • Chloride
  • Nitrate
  • Iodide
  • Alloy
  • Others
     

Breakup by Application:

  • Aluminum-scandium Alloys
  • High-intensity Metal Halide Lamps
  • Lasers
  • Solid Oxide Fuel Cells
     

Breakup by End Use Industry:

  • Aerospace and Defense
  • Ceramics
  • Lighting
  • Electronics
  • 3D Printing
  • Sporting Goods
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Australian Mines Limited, Galileo Resources PLC, GFS Chemicals Inc., Hunan Oriental Scandium Co. Ltd., Lenntech B.V., Materion Corporation, Merck KGaA, Niocorp Developments Ltd., Platina Resources Limited, Scandium International Mining Corporation, Sumitomo Metal Mining Co. Ltd and Thermo Fisher Scientific Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Product Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Australian Mines Limited, Galileo Resources PLC, GFS Chemicals Inc., Hunan Oriental Scandium Co. Ltd., Lenntech B.V., Materion Corporation, Merck KGaA, Niocorp Developments Ltd., Platina Resources Limited, Scandium International Mining Corporation, Sumitomo Metal Mining Co. Ltd and Thermo Fisher Scientific Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global scandium market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global scandium market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global scandium market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Scandium Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Oxide
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Fluoride
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Chloride
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Nitrate
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Iodide
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Alloy
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Application
    7.1    Aluminum-scandium Alloys
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    High-intensity Metal Halide Lamps
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Lasers
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Solid Oxide Fuel Cells
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Aerospace and Defense
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Ceramics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Lighting
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Electronics
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    3D Printing
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Sporting Goods
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Australian Mines Limited
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Galileo Resources PLC
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    GFS Chemicals Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Hunan Oriental Scandium Co. Ltd. 
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Lenntech B.V.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Materion Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Merck KGaA
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Niocorp Developments Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Platina Resources Limited
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Scandium International Mining Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Sumitomo Metal Mining Co. Ltd
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Thermo Fisher Scientific Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Scandium Market: Major Drivers and Challenges
Figure 2: Global: Scandium Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Scandium Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Scandium Market: Breakup by Application (in %), 2020
Figure 6: Global: Scandium Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Scandium Market: Breakup by Region (in %), 2020
Figure 8: Global: Scandium (Oxide) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Scandium (Oxide) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Scandium (Fluoride) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Scandium (Fluoride) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Scandium (Chloride) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Scandium (Chloride) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Scandium (Nitrate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Scandium (Nitrate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Scandium (Iodide) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Scandium (Iodide) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Scandium (Alloy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Scandium (Alloy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Scandium (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Scandium (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Scandium (Aluminum-scandium Alloys) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Scandium (Aluminum-scandium Alloys) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Scandium (High-intensity Metal Halide Lamps) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Scandium (High-intensity Metal Halide Lamps) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Scandium (Lasers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Scandium (Lasers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Scandium (Solid Oxide Fuel Cells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Scandium (Solid Oxide Fuel Cells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Scandium (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Scandium (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Scandium (Ceramics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Scandium (Ceramics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Scandium (Lighting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Scandium (Lighting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Scandium (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Scandium (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Scandium (3D Printing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Scandium (3D Printing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Scandium (Sporting Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Scandium (Sporting Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Scandium (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Scandium (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: North America: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: United States: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: United States: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Canada: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Canada: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Asia-Pacific: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Asia-Pacific: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: China: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: China: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Japan: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Japan: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: India: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: India: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: South Korea: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: South Korea: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Australia: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Australia: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Indonesia: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Indonesia: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Europe: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Europe: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Germany: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Germany: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: France: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: France: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: United Kingdom: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: United Kingdom: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Italy: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Italy: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Spain: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Spain: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Russia: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Russia: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Latin America: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Latin America: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Brazil: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Brazil: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Mexico: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Mexico: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Others: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Others: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Middle East and Africa: Scandium Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Middle East and Africa: Scandium Market: Breakup by Country (in %), 2020
Figure 92: Middle East and Africa: Scandium Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Global: Scandium Industry: SWOT Analysis
Figure 94: Global: Scandium Industry: Value Chain Analysis
Figure 95: Global: Scandium Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Scandium Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Scandium Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Scandium Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Scandium Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Scandium Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Scandium Market: Competitive Structure
Table 7: Global: Scandium Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links