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Scandium Market – Research by Industry CAGR Status, Share, Future Prospects, Demand Status and Size Forecast to 2021-2024

Summary

This “Scandium Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved […]

Scandium

This “Scandium Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved in making decisions as well as strategies for companies and individuals interested in the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry.

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Market Overview:

  • The scandium market is expected to grow at a CAGR of above 11.5% during the forecast period of 2019 – 2024. The major factors driving the growth of market studied are the accelerating usage in solid oxide fuel cells (SOFCs), and growing demand for aluminum-scandium alloys. On the flipside, lack of awareness, high cost, and inconsistent supply are hampering the growth of the studied market.
  • – The aerospace & defense segment dominated the market in 2018 and is likely to grow during the forecast period, with the increasing production of aircrafts across the globe.
  • – The shifting focus towards usage in automotive industry, and Australia emerging as a new growth hub are likely to provide opportunities for the studied market during the forecast period.
  • – Asia-Pacific dominated the market across the globe, where the demand is driven by the growing usage in automotive industry, and high demand from aerospace, defense, and electronic industries.
  • Scandium Market Covers Manufacturers:

  • Alfa Aesar
  • Atlantic Equipment Engineers (Micron Metal, Inc.)
  • Cathay Advanced Materials Limited
  • Clean TeQ Holdings Ltd
  • DNI Metals Inc.
  • Galileo Resources PLC
  • GFS Chemicals
  • Hunan Oriental Scandium Co. Ltd
  • Materion Corporation (Cerac Inc.)
  • Orbite Technologies Inc.
  • Platina Resources Limited
  • Scandium International Mining Corp.
  • Stanford Materials Corporation
  • Sigma-Aldrich (Merck KGaA)
  • Treibacher Industrie AG
  • Australian Mines Ltd
  • Huizhou Top Metal Materials Co. Ltd (TOPM)
  • Rusal

    Scope of the Report:

    This report studies the global Scandium market size, industry status and forecast, competition landscape and growth opportunity.

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    Some of the Key Questions Answered in this Report:

    • Detailed Overview of Scandium Market will help deliver clients and businesses making strategies.
    • Influencing growth factors that are thriving demand and latest trends running in the market.
    • Scandium Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
    • What trends, challenges and barriers will impact the development and sizing of the Global Scandium Market?
    • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
    • What is the Scandium Market growth momentum or market carries during the forecast period?
    • Which region may tap the highest market share in the coming era?
    • Which application/end-user category or Product Type may seek incremental growth prospects?
    • What focused approach and constraints are holding the Scandium Market demand?

    Key Market Trends:

    Aerospace & Defense Segment to Dominate the Market

    – One of the most important uses of scandium is in the preparation of aluminum-scandium alloy, which is used in the aerospace industry during the manufacturing of aircraft.
    – Addition of scandium with aluminum helps to improve strength, increase heat tolerance, promotes corrosion resistance, extends weldability, and weld strength to an array of aluminum alloy materials.
    – According to the aircraft designers, about 0.1% to 0.5% trace amount of scandium added to aluminum can help to increase not only the strength of aluminum but also helps to reduce the weight of aircrafts by 15% – 20%.
    – With growing security concerns and increasing commercial use of aircrafts as a medium of conveyance, the demand for aircrafts has been increasing across the globe. With this, various aircraft production orders have been lined up for delivery in the coming years.
    – Hence, with the production of aircrafts to deliver the aircraft orders from the defense as well as the aviation industry, the demand for aluminum alloys is projected to increase, which is further likely to increase the demand for scandium during the forecast period.
    – Besides, with increasing construction of airports in countries, such as China, India, Qatar, and others, the demand for aircrafts is further expected to increase, driving the demand for aluminum and thereby, scandium in the coming years.

    Asia-Pacific Region to Dominate the Market

    – Asia-Pacific region dominated the global market share in 2018. The increasing investments and production in the end-user industries, such as aerospace & defense, electronics, ceramics, etc., are driving the demand for scandium in the region.
    – The Asia-Pacific region consists of 4 of the top 10 countries in terms of defense spending. The spending is increasing in recent years with the rise in terrorism and rising security concerns in the region. China is just behind the United States in terms of defense spending.
    – China is the largest producer of aircrafts in the region and invests heavily on research, development & innovation in the field of aerospace & defense.
    – China holds the world largest industrial manufacturing base and is the largest electronic producer in the world. The country not only supports the domestic demand but also caters to the demand in international markets. Thus, with the growing demand for electronic products, 3D printers, lights, automobiles, etc. across the globe, industrial output in China is also increasing.
    – Besides, countries like India, and South Korea are also witnessing substantial increase in the demand for scandium.
    – In India and South Korea, increasing investments & production in electronics industry, increased defense spending, and growing ceramic demand & production, are driving the demand for scandium.
    – Thus, all such factors are expected to drive the demand for scandium market in the region during the forecast period.

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    Target Audience of Scandium Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Scandium Market Report:

    • Analysing various perspectives of the Scandium market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Scandium market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Scandium market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Scandium market studied, during the forecast period
    • The segments that are expected to dominate the Scandium market studied.

    Detailed TOC of Scandium Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Usage in Solid Oxide Fuel Cells (Sofcs)
    4.1.2 Increasing Usage in Other Applications
    4.2 Restraints
    4.2.1 Lack of Awareness and High Cost Association
    4.2.2 Inconsistent Supply
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Oxide
    5.1.2 Fluoride
    5.1.3 Chloride
    5.1.4 Nitrate
    5.1.5 Iodide
    5.1.6 Alloy
    5.1.7 Carbonate and Others
    5.2 By End-User Industry
    5.2.1 Aerospace and Defense
    5.2.2 Solid Oxide Fuel Cells
    5.2.3 Electronics
    5.2.4 Ceramics
    5.2.5 Lighting
    5.2.6 Phosphorous CRT (Displays)
    5.2.7 3D Printing
    5.2.8 Other End-User Industries (Chemical Refining, Sports Goods, and Automotive)
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 France
    5.3.3.4 Italy
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Alfa Aesar
    6.4.2 Atlantic Equipment Engineers (Micron Metal, Inc.)
    6.4.3 Cathay Advanced Materials Limited
    6.4.4 Clean TeQ Holdings Ltd
    6.4.5 DNI Metals Inc.
    6.4.6 Galileo Resources PLC
    6.4.7 GFS Chemicals
    6.4.8 Hunan Oriental Scandium Co. Ltd
    6.4.9 Materion Corporation (Cerac Inc.)
    6.4.10 Orbite Technologies Inc.
    6.4.11 Platina Resources Limited
    6.4.12 Scandium International Mining Corp.
    6.4.13 Stanford Materials Corporation
    6.4.14 Sigma-Aldrich (Merck KGaA)
    6.4.15 Treibacher Industrie AG
    6.4.16 Australian Mines Ltd
    6.4.17 Huizhou Top Metal Materials Co. Ltd (TOPM)
    6.4.18 Rusal

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Shifting Focus toward Usage in Automotive industry
    7.2 Aerospace & Defense Applications
    7.3 Australia – the New Growth Hub

    For Detailed TOC Click Here

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