Scandium Market - Forecast (2020-2025)

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Scandium MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2022-2027
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• Scandium Market size is valued at 69.7 million
  in 2019 growing at a CAGR over 10 to reach the
  market size of 104 million in 2025.
• Growing use in solid oxide fuel cells (SOFCs) and
  rising demand for aluminum-scandium alloys are
  the major factors driving the scandium industry.
  Nonetheless, lack of awareness, high cost, and
  erratic supply limit market growth.

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Key Takeaways During the forecast period, the
shifting focus to use in the automotive industry
and the rise of Australia as a new growth center
are expected to provide prospects for the market
being studied. The industry was dominated by the
aerospace and defense segment. During the
forecast period, it is likely to grow, with
rising aircraft production worldwide.
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Scandium Market By End Use Industries -
Segment Analysis Aerospace and Defense Segment to
Dominate the Market. One of scandium's most
important uses is the preparation of
aluminum-scandium alloy, which is used in
aircraft manufacture in the aerospace industry.
Adding aluminum scandium helps to increase
toughness, heat resistance, expand weldability
and weld strength to a variety of aluminum alloy
materials. According to the aircraft
manufacturers, roughly 0.1-0.5 percent trace
amount of aluminum added scandium will help not
only improve aluminum capacity, but also help to
reduce aircraft weight by 15 percent. 
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• ScandiumMarket Industry Outlook
• companies are Scandium International Mining Corp,
  Platina Resources Ltd,
• CleanTeq,
• Australian Mines Ltd,
• and Alfa Aesar,
• among  

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Scandium Market- Forecast(2022 - 2027) Learn
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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  purchasereport.php?id503342

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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