99.9% or Above Scandium Market size was valued at USD 190 Million in 2024 and is projected to reach USD 410 Million by 2033, exhibiting a CAGR of 9.1% from 2026 to 2033.
The global 99.9% or above scandium market was valued at approximately USD 80 million in 2022, with a projected CAGR of around 7.5% from 2023 to 2029. This growth is primarily driven by increasing demand in aerospace, solid oxide fuel cells (SOFCs), and aluminum scandium alloys. North America and Europe collectively accounted for over 45% of the global market in 2022, while the Asia Pacific region led the market with more than 50% share due to strong production in China, Japan, and Australia. The adoption of scandium in lightweight alloys for automotive and aerospace applications is expected to further drive market growth, particularly in North America and Europe. The Middle East & Africa and South America are emerging markets, with increasing demand from energy and defense sectors.
Opportunities in the market include advancements in scandium extraction technologies, enabling more cost effective production, and expanding applications in additive manufacturing and hydrogen storage solutions. The Asia Pacific region is expected to witness the highest growth due to China’s dominant position in scandium production and ongoing research in Japan and South Korea. In Europe, policies promoting sustainable energy solutions are fueling demand for scandium based fuel cells. North America is expected to see increased scandium adoption in defense and aerospace applications, backed by strategic initiatives for domestic scandium supply. With growing investments in scandium aluminum alloys for electric vehicles (EVs) and aircraft manufacturing, the market is poised for steady expansion across multiple industries.
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Zhongnuo New Materials
Tim New Materials
Stanford Materials Corp.
SkySpring Nanomaterials
Shanghai Sinian Metal Materials Co.
Ltd.
Scandium International Mining Corp.
RUSAL
Platina Resources Ltd.
Hunan Oriental Scandium Industry
Huizhou Tuopu Metal Material Co.
Ltd.
Beijing Institute of Nonferrous Metals
American Elements
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 99.9% or Above Scandium Market
Electronics and Electricals
Aerospace and Defense
Automotive Industry
Medical Equipment
Green Technology (Batteries, Fuel Cells)
Manufacturing
Research Institutions
Power Generation
Telecommunications
Medical and Healthcare
Scandium Oxide
Scandium Metal
Scandium Alloys
Scandium-based Nanomaterials
99.9% Scandium
99.99% Scandium
Primary Producers (Mines and Extractors)
Secondary Processors (Refiners and Manufacturers)
Distributors and Wholesalers
End Users (Industrial Buyers and Research Labs)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 99.9% or Above Scandium Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 99.9% or Above Scandium Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 99.9% or Above Scandium Market, By Type
6. Global 99.9% or Above Scandium Market, By Application
7. Global 99.9% or Above Scandium Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 99.9% or Above Scandium Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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