PUBLISHER: QYResearch | PRODUCT CODE: 1866668
PUBLISHER: QYResearch | PRODUCT CODE: 1866668
The global market for Scandium 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 cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Scandium (Sc, atomic number 21) is a silvery-white metal often classified with the rare-earth elements; although moderately abundant in the Earth's crust, it rarely occurs in concentrated deposits, making extraction difficult and supply limited to ~30-40 tonnes annually, mostly as a byproduct of uranium or rare-earth processing. Its unique ability to enhance aluminum alloys with greater strength, corrosion resistance, and weldability makes it valuable for aerospace, defense, and advanced manufacturing, while other uses include solid oxide fuel cells and high-intensity lighting.
In 2024, global Scandium production reached approximately 43.2 MT, with an average global market price of around US$ 4737 per kg.
The scandium market is defined by its rarity and strategic value, with production largely dependent on byproducts from other mining activities rather than dedicated extraction. This constrained supply base, combined with the element's unique ability to improve aluminum alloys and energy materials, creates a market where demand consistently outpaces reliable availability. Scandium's strength lies in its role as a performance-enhancing additive-particularly in aerospace and defense alloys, advanced manufacturing, and solid oxide fuel cells-sectors that prioritize strength-to-weight improvements, durability, and efficiency over cost.
Looking ahead, the scandium market is expected to expand as industries seek lighter, stronger materials and more efficient clean energy technologies. Growth is supported by increasing investment in alternative supply chains and new mining projects, especially in regions looking to reduce dependence on limited foreign sources. Despite its small size compared to other metals, scandium's influence continues to rise as it transitions from a niche specialty material toward broader adoption, provided that supply stability and cost challenges can be addressed.
This report aims to provide a comprehensive presentation of the global market for Scandium, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Scandium by region & country, by Type, and by Application.
The Scandium market size, estimations, and forecasts are provided in terms of sales volume (K MT) 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.
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 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 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 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.