Scandium Market Pit Falls, Present Scenario and Growth Prospects from 2018 to 2025


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The Report “Global Scandium Market Research Report, 2017-2025” provides a picture on Scandium market across different verticals and regions. It aims at estimating the market size and future growth potential of the Scandium market across different segments such as Type, Application, Element Type and regions. The market for Scandium has generated USD XX billion and it is expected that the market will grow at XX% CAGR, the market size by 2025 will be USD XX billion.

Scandium is a transition metal and is also considered a rare earth element due to similar chemical properties.  Scandium is used in aluminum-scandium alloys for aerospace industry components and for sports equipment such as bicycle frames, fishing rods, golf iron shafts and baseball bats. Scandium iodide is used in mercury vapor lamps, which are used to replicate sunlight in studios for the film and television industry.

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Scandium is a lightweight heat stabilizer and creep resistant material that possesses excellent electrical conductivity, due to which it is becoming an important part of various industrial sectors. This factor is also predicted to be one of the key growth driving factors for the global market. On the other hand, fluctuating product supply resulting in an increased cost of scandium oxide may have a negative impact on the market development over the forecast period. However, the factors such as extensive usage of scandium in Solid Oxide Fuel Cells (SOFCs) and high demand from the aerospace and automotive industries are expected to contribute toward the growth of this market during the next few years.

In terms of scandium product type, scandium alloy has the largest market share. One major reason for growth of the market is that, this metal readily alloys with aluminum and enhances the grain structure of the combined metal, consequently improving the strength and weld-ability, without compromising on the corrosion resistance property of aluminum.

Market segment analysis on the basis of Region: 

  • Scandium market by region is segmented into North America, Europe, Asia-Pacific and Rest of the world.
  • By region Asia-Pacific has dominated the Scandium market and has generated USD XX million market value in 2017 and is estimated to reach USD XX million market by 2025 with growing XX% CAGR.
  • The China market for scandium is witnessing a rapid growth due to the restrictive product export regulations by the regional government and stable prices of scandium oxide on account of the presence of scandium reserves.

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Key Player Analysis: 

The Scandium market is dominated by a few global players, and comprises several regional players. Some of the key players operating in the Scandium Rusal, Stanford Materials Corp., Metallica Minerals, Platina Resources Ltd., Scandium International Mining Corp., DNI Metals Inc., Great Western Minerals Group, Intermix-met, CODOS, Hunan Oriental Scandium Co. Ltd., Huizhou Top Metal Materials Co., Ltd (TOPM), CNMC Pgma (Guangxi), Ganzhou Kemingrui, Clean TeQ, Beijing Cerametek Materials, NioCorp Development are and other.

For example, Clean TeQ Holdings Ltd. recently signed an agreement with Chongqing University and Chinalco Materials Application Research Institute (CMRI) for the development of scandium-containing alloys in the worldwide transportation market. The proposed partnership will bring together the production and research engineers from the three organizations to develop and commercialize alloys containing scandium.

Table of Contents: 

  1. Research Methodology & Scope
    1.1. Scope of the Study
    1.1.1. Research Objectives
    1.1.2. Assumptions & Limitations
    1.2. Research Process
    1.2.1. Primary Process
    1.2.2. Secondary Process
    1.2.3. Forecast Model

    2. Introduction
    2.1. Market Definition
    2.2. Recent Developments

    3. Executive Summary

    4. Market Factor Analysis
    4.1. Growth Potential Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Value/Supply Chain Analysis
    4.4. PESTEL Analysis

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Reportbazzar.com is your trusted source for the most inclusive and informative assortment of market research reports designed to empower you with the latest in industry information that translates to time and cost savings for your business. We not only help you give wing to your latent business ideas but also facilitate you in taking the best informed and strategic decisions that guarantee success in your most promising business endeavors. Our intelligence database comprises of vast arrays of strategically analyzed and high-level market research reports that encompass all major industries worldwide. All the specialized research reports available at Reportbazzar.com are tailor-made to suit your every business need, no matter how diverse or demanding it is.