PUBLISHER: QYResearch | PRODUCT CODE: 1866634
PUBLISHER: QYResearch | PRODUCT CODE: 1866634
The global market for Scandium Metal was estimated to be worth US$ 204 million in 2024 and is forecast to a readjusted size of US$ 436 million by 2031 with a CAGR of 12.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Scandium Metal cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Scandium (metal scandium, Scandium) is a chemical element with the symbol Sc and atomic number 21. It is a rare transition metal that usually coexists with other metals in aluminum and iron ores. The physical properties of scandium are light and hard, with a high melting point and strength, but it is easily oxidized in the air.
Scandium is present in low concentrations in the earth's crust and usually coexists with minerals present in aluminum and iron ores. It can also be obtained by separation from bauxite. Due to the particularity of its application field, the demand for scandium is limited, but with the increase in demand for high-performance materials, the value and application of scandium are gradually being valued.
At present, the global demand for scandium metal is small and it is not easy to preserve. It is commonly sold in the form of scandium oxide in the market, so the data in this report includes scandium oxide products.In 2024, global Scandium Metal reached approximately 43.2 MT, with an average global market price of around US$ 4737 per kg.
Global Scandium Metal Demand Growth and Application Expansion
In recent years, the demand for scandium metal has continued to grow, especially in the fields of aerospace, energy storage, hydrogen energy technology, electronic devices and high-end alloys. The combination of scandium and aluminum alloy can significantly improve the strength and corrosion resistance of the material, making it an ideal material for manufacturing lightweight aircraft and spacecraft. In addition, scandium also plays an important role in fuel cells, hydrogen energy storage and electric vehicle batteries, which has promoted its application in the field of new energy. As the world transitions to a low-carbon economy, the potential of scandium as an energy transition and efficient energy storage material is being valued by more and more industries. Therefore, the market demand for scandium metal is expected to continue to rise in the next few years, especially with the promotion of the hydrogen energy industry and new energy vehicles.
Advances in Scandium Metal Extraction Technology and Cost Reduction
The extraction cost of scandium metal is relatively high because it is usually present in trace amounts in minerals such as bauxite and vanadium ore, requiring a complex smelting process. Therefore, the market supply of scandium mainly depends on the extraction of by-products of bauxite, and the technology of the refining process of scandium is relatively mature, mainly dominated by countries such as Russia, China and Australia. With the advancement of technology, especially the improvement of extraction efficiency and the introduction of new technologies, the production cost of scandium metal has decreased. For example, in recent years, some advanced separation and purification technologies and new chemical treatment methods have gradually been commercialized, which has helped to improve the extraction efficiency of scandium and reduce the cost per unit output. This trend has created conditions for the continued growth of the global scandium market and also helped to support the application of scandium in emerging industries.
This report aims to provide a comprehensive presentation of the global market for Scandium Metal, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Scandium Metal by region & country, by Type, and by Application.
The Scandium Metal market size, estimations, and forecasts are provided in terms of sales volume (Kg) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Scandium Metal.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Scandium Metal manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Scandium Metal in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Scandium Metal in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.