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市場調査レポート
商品コード
1561486

スカンジウム市場レポート:製品タイプ、用途、最終用途産業、地域別、2024年~2032年

Scandium Market Report by Product Type, Application, End Use Industry, and Region 2024-2032


出版日
発行
IMARC
ページ情報
英文 149 Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
スカンジウム市場レポート:製品タイプ、用途、最終用途産業、地域別、2024年~2032年
出版日: 2024年09月10日
発行: IMARC
ページ情報: 英文 149 Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

スカンジウム市場の世界市場規模は、2023年に5億9,140万米ドルに達しました。今後、IMARC Groupは、市場は2032年までに10億5,020万米ドルに達し、2024年から2032年の間に6.3%の成長率(CAGR)を示すと予測しています。同市場は主に、航空宇宙産業や自動車産業における軽量高性能合金の用途拡大、電気自動車市場の大幅な拡大、スカンジウムの輸入依存度を低減するための有利な政府政策によって牽引されています。

スカンジウム市場分析:

  • 主な市場促進要因:最近のスカンジウム需要の増加は、その合金特性が材料の強度と耐久性の強化に役立つ高度な航空宇宙用途に起因します。また、固体酸化物燃料電池にはスカンジウム安定化ジルコニアが広く使用されており、エネルギー効率が高く環境に優しい発電に応用されています。
  • 主な市場動向:航空宇宙産業や自動車産業向けの軽量アルミニウム-スカンジウム合金の用途でスカンジウムの開発が増加しており、自動車の重量を減らすと同時に燃費を大幅に向上させる取り組みが行われています。これに加えて、研究開発は、三次元印刷材料におけるスカンジウムの能力の開発と、自動車および航空宇宙産業用の複雑な部品の製造における新しい用途の開拓に関係しています。
  • 地理的動向:北米のスカンジウム市場は、防衛および航空宇宙産業におけるスカンジウム強化材料の採用に対する強い熱意によって広く牽引されています。また、アジア太平洋地域は、エレクトロニクスや航空宇宙分野での高付加価値材料への高い需要による中国やインドの急速な産業成長によって牽引されています。
  • 競合情勢:スカンジウムの主要企業には、Australian Mines Limited、Galileo Resources PLC、GFS Chemicals Inc.、Hunan Oriental Scandium Co.Ltd.、Lenntech B.V.、Materion Corporation、Merck KGaA、Niocorp Developments Ltd.、Platina Resources Limited、Scandium International Mining Corporation、Sumitomo Metal Mining Co.Ltd.、Thermo Fisher Scientific Inc.などがあります。
  • 課題と機会:スカンジウム市場における主な課題は、世界中での採用を妨げている金属の高コストと限られた入手可能性です。一方、現在の主要生産国以外での採掘プロジェクトを通じてスカンジウム生産量を増加させ、抽出技術を改善することでコストを削減し、商業的利用を増加させる可能性があります。

スカンジウム市場傾向:

航空宇宙・防衛産業の需要

スカンジウムは、アルミニウム合金の性能を向上させ、軽量化と強度を高めるという特性を持っているため、航空宇宙・防衛分野への取り込みが重要です。この用途は、より効率的な航空宇宙構造物や軍事機器を製造するために不可欠です。連邦航空局(FAA)によると、現役の一般航空機材全体は2018年の212,875機から2039年には211,575機に変化すると予測されています。スカンジウム合金のような先端材料を取り入れて、防衛能力を革新・向上させることが重視されています。これらの投資は、スカンジウム強化材料が現代の航空宇宙工学と防衛システムの厳しい要件を満たすため、スカンジウム強化材料の開発を後押しします。さらに、政府資金によって促進される継続的な研究開発は、技術革新を促進し、スカンジウムの用途を拡大するため、市場成長を促進します。これらの産業が、燃料効率と性能を高めるために、より高い強度対重量比を持つ材料へと移行するにつれて、スカンジウムの価値はますます重要になり、将来の防衛と航空宇宙開発の主な拠点となっています。

電気自動車(EV)市場の成長

電気自動車(EV)市場の拡大は、様々なEV部品用の軽量アルミニウム-スカンジウム合金の製造に広く採用されているスカンジウムの需要を大幅に押し上げます。世界・サステイナブル・エレクトリック・パートナーシップ(Global Sustainable Electricity Partnership)の調査によると、輸送部門における中国の電力シェアは2015年の5%から2025年には10%に達し、さらに2030年には15%、2040年には25%に増加すると予測しています。また、中国における電気自動車の販売台数は伸び続け、2011年の5,600台から始まり、2014年には4万5,000台に達し、2016年には74万台にまで拡大しました。2017年までに、中国は約77万台のEVを生産し、合計約200万台のEVを保有しました。2030年までに、中国の電気自動車保有台数は5,000万台に迫り、電気自動車充電専用の電力需要は年間200TWhに達すると予想されています。中国自動車工程学会によると、2030年の自動車販売台数は3,800万台で、その40%にあたる1,500万台が電気自動車になるといいます。その上、スカンジウム合金は自動車の重量を軽くし、バッテリーの性能と効率を高めるという要求を満たしています。これに伴い、米国、中国、欧州連合などの主要経済国のいくつかの政府は、スカンジウムの使用を含む技術的進歩を支援しながら、規制や目標を通じてEV販売台数の増加を推進しています。したがって、この規制の後押しとスカンジウム合金が提供する利点が組み合わさることで、この材料は、急成長するEV市場の需要を満たすために必要な重要資源の最前線に位置しています。

政府の支援策

様々な政府が、スカンジウムを重要な鉱物として認識しているため、スカンジウムの供給を確保し、様々な産業での利用を促進するための戦略的措置を実施しています。米国では、エネルギー省が、欧州連合(EU)やオーストラリアの他の団体と連携して、スカンジウム採掘能力を向上させ、輸入への依存を減らすことを明確に意図した資金や補助金を計上しています。例えば、2023年11月9日、Scandium International Mining Corp.は、その完全子会社であるEMC Metals Australia Pty Ltdが、2023年Nyngan掘削プログラムの良好な結果を受け、Nynganスカンジウム・プロジェクトの物理的開発を開始したと発表しました。ニンガン・スキャンディウム・プロジェクトは、オーストラリア・ニューサウスウェールズ州西部のニンガンから南南西17.5kmに位置します。ニンガン・スカンジウム・プロジェクトは、世界初のスカンジウムのみの採掘事業となり、オーストラリア、カナダ、米国の各政府が重要視している高需要金属に焦点を当てる。この開発は、ニューサウスウェールズ州にとって、重要鉱物の責任ある供給において世界のリーダーとなる重要な機会です。したがって、政府の積極的な取り組みがスカンジウムの供給を確保し、市場を安定させることで、スカンジウムはハイテク産業や持続可能な開発プロジェクトの最前線に押し上げられます。

本レポートで扱う主な質問

  • 2023年の世界のスカンジウム市場の市場規模は?
  • 2024-2032年におけるスカンジウム市場の世界市場成長率は?
  • スカンジウム市場の世界市場を牽引する主要因は何か
  • 世界のスカンジウム市場に対するCOVID-19の影響は?
  • 世界のスカンジウム市場の製品タイプ別内訳は?
  • 世界のスカンジウム市場の最終用途産業別内訳は?
  • スカンジウム市場の世界における主要地域は?
  • 世界のスカンジウム市場における主要プレイヤー/企業は?

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のスカンジウム市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:製品タイプ別

  • 酸化物
    • 市場動向
    • 市場予測
  • フッ化物
    • 市場動向
    • 市場予測
  • 塩化
    • 市場動向
    • 市場予測
  • 硝酸塩
    • 市場動向
    • 市場予測
  • ヨウ化物
    • 市場動向
    • 市場予測
  • 合金
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:用途別

  • アルミニウム-スカンジウム合金
    • 市場動向
    • 市場予測
  • 高輝度メタルハライドランプ
    • 市場動向
    • 市場予測
  • レーザー
    • 市場動向
    • 市場予測
  • 固体酸化物燃料電池
    • 市場動向
    • 市場予測

第8章 市場内訳:最終用途産業別

  • 航空宇宙および防衛
    • 市場動向
    • 市場予測
  • セラミック
    • 市場動向
    • 市場予測
  • 照明
    • 市場動向
    • 市場予測
  • エレクトロニクス
    • 市場動向
    • 市場予測
  • 3Dプリント
    • 市場動向
    • 市場予測
  • スポーツ用品
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳:地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳:国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Australian Mines Limited
    • Galileo Resources PLC
    • GFS Chemicals Inc.
    • Hunan Oriental Scandium Co. Ltd.
    • Lenntech B.V.
    • Materion Corporation
    • Merck KGaA
    • Niocorp Developments Ltd.
    • Platina Resources Limited
    • Scandium International Mining Corporation
    • Sumitomo Metal Mining Co. Ltd
    • Thermo Fisher Scientific Inc.
図表

List of Figures

  • Figure 1: Global: Scandium Market: Major Drivers and Challenges
  • Figure 2: Global: Scandium Market: Sales Value (in Million US$), 2018-2023
  • Figure 3: Global: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 4: Global: Scandium Market: Breakup by Product Type (in %), 2023
  • Figure 5: Global: Scandium Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Scandium Market: Breakup by End Use Industry (in %), 2023
  • Figure 7: Global: Scandium Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Scandium (Oxide) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Scandium (Oxide) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Scandium (Fluoride) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Scandium (Fluoride) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Scandium (Chloride) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Scandium (Chloride) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Scandium (Nitrate) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Scandium (Nitrate) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Scandium (Iodide) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Scandium (Iodide) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Scandium (Alloy) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Scandium (Alloy) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Scandium (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Scandium (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Scandium (Aluminum-scandium Alloys) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Scandium (Aluminum-scandium Alloys) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Scandium (High-intensity Metal Halide Lamps) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Scandium (High-intensity Metal Halide Lamps) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Scandium (Lasers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Scandium (Lasers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Scandium (Solid Oxide Fuel Cells) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Scandium (Solid Oxide Fuel Cells) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Scandium (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Scandium (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Scandium (Ceramics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Scandium (Ceramics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Scandium (Lighting) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Scandium (Lighting) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Scandium (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Scandium (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Global: Scandium (3D Printing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Global: Scandium (3D Printing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Global: Scandium (Sporting Goods) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Global: Scandium (Sporting Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Global: Scandium (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Global: Scandium (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: North America: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: North America: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: United States: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: United States: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Canada: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Canada: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Asia-Pacific: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Asia-Pacific: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: China: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: China: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Japan: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Japan: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: India: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: India: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: South Korea: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: South Korea: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Australia: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Australia: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Indonesia: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Indonesia: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Others: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Others: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Europe: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Europe: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Germany: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Germany: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: France: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: France: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: United Kingdom: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: United Kingdom: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Italy: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Italy: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Spain: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Spain: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Russia: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Russia: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Others: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Others: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Latin America: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Latin America: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Brazil: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Brazil: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Mexico: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 87: Mexico: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 88: Others: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 89: Others: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 90: Middle East and Africa: Scandium Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 91: Middle East and Africa: Scandium Market: Breakup by Country (in %), 2023
  • Figure 92: Middle East and Africa: Scandium Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 93: Global: Scandium Industry: SWOT Analysis
  • Figure 94: Global: Scandium Industry: Value Chain Analysis
  • Figure 95: Global: Scandium Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Scandium Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Scandium Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
  • Table 3: Global: Scandium Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Scandium Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 5: Global: Scandium Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Scandium Market: Competitive Structure
  • Table 7: Global: Scandium Market: Key Players
目次
Product Code: SR112024A4741

The global scandium market size reached US$ 591.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,050.2 Million by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032. The market is primarily driven by the growing usage of lightweight, high-performance alloys in aerospace and automotive industries, significant expansion in the electric vehicle market, and favorable government policies to reduce the scandium import dependency.

Scandium Market Analysis:

  • Major Market Drivers: The recent increased demand for scandium is attributed to the advanced aerospace applications, where its alloying characteristics help enhance the strength and durability of materials. Besides, solid oxide fuel cells widely use scandium-stabilized zirconia which find applications in energy-efficient and eco-friendly power production.
  • Key Market Trends: The increasing development of scandium for the application of lightweight aluminum-scandium alloys for the aerospace and automobile industries is putting efforts to reduce the weight of vehicles while at the same time considerably improving fuel efficiency. In addition to this, R&D is concerned with the development of the capabilities of scandium in three-dimensional printing materials and unlocking newer applications in manufacturing complex parts for the automotive and aerospace industry.
  • Geographical Trends: The North American scandium market is widely driven by a strong zeal for the adoption of scandium-enhanced material in the defense and aerospace industries. Besides, the Asia-Pacific region is driven by rapid industrial growth in China and India due to the high demand for value-added materials in electronics and aerospace sectors.
  • Competitive Landscape: Some of the leading scandium companies include Australian Mines Limited, Galileo Resources PLC, GFS Chemicals Inc., Hunan Oriental Scandium Co. Ltd., Lenntech B.V., Materion Corporation, Merck KGaA, Niocorp Developments Ltd., Platina Resources Limited, Scandium International Mining Corporation, Sumitomo Metal Mining Co. Ltd and Thermo Fisher Scientific Inc., among many others.
  • Challenges and Opportunities: The main challenges in the scandium market are the high cost and limited availability of the metal which hinders its adoption across the globe. On the other hand, opportunities lie in increasing scandium production through mining projects outside current major producing countries, complemented by improved extraction technologies, which could reduce costs and increase commercial use.

Scandium Market Trends:

Aerospace and Defense Industry Demand

Scandium's incorporation into aerospace and defense sectors is instrumental due to its attributes that enhance the performance of aluminum alloys, making them lighter and stronger. This application is critical for producing more efficient aerospace structures and military equipment. As per the Federal Aviation Administration (FAA), the overall active general aviation fleet is projected to change from 212,875 aircraft in 2018 to 211,575 by the year 2039. There is a substantial emphasis on incorporating advanced materials like scandium alloys to innovate and improve defense capabilities. These investments boost the development of scandium-enhanced materials as they fulfill the stringent requirements of modern aerospace engineering and defense systems. Furthermore, continuous R&D facilitated by government funding promotes innovation and expands the uses of scandium, therefore driving its market growth. As these industries move toward materials with higher strength-to-weight ratios for added fuel efficiency and performance, scandium's value becomes increasingly critical, making it a key base for future defense and aerospace developments.

Growth in the Electric Vehicle (EV) Market

The expansion of the electric vehicle (EV) market considerably boosts the demand for scandium, which is widely employed in the manufacturing of lightweight aluminum-scandium alloys for various EV components. According to the Global Sustainable Electricity Partnership, a study by state grid forecasts that, the share of China's electricity in transport sector will reach 10% in 2025, which increased from 5% in 2015 and which will further increase to 15% in 2030 and 25% in 2040. Besides, electric vehicle sales continued growing in China, starting from 5,600 units in 2011, reaching 45,000 pieces in 2014, and expanding to 740,000 pieces in 2016. By 2017, China had produced approximately 770,000 EVs and had a total of about 2 million EVs. By 2030, China is expected to have close to 50 million electric vehicles, with a dedicated electricity demand for electric vehicle charging of 200 TWh annually. According to the Society of Automotive Engineering of China, car sales in 2030 will total 38 million, with 15 million or 40% being electric vehicles. Besides, scandium alloys meet the requirement in lightening vehicle weights which increases their performances and efficiency of batteries. Along with this, several governments across major economies like the U.S., China, and the European Union are pushing for higher EV sales through regulations and targets while supporting technological advancements that include the use of scandium. Hence, this regulatory push combined with the advantages provided by scandium alloys places the material at the forefront of critical resources needed to meet the burgeoning demand of the EV market.

Supportive Government Initiatives

Various governments are implementing strategic measures to secure scandium supply and promote its utilization across various industries as they recognize scandium as a critical mineral. In the United States, the Department of Energy, in conjunction with other entities within the European Union and Australia, has earmarked funds and subsidies explicitly designed to improve scandium mining capabilities and decrease reliance on imports. For instance, on 9 November 2023, Scandium International Mining Corp. announced that its wholly-owned subsidiary, EMC Metals Australia Pty Ltd, has initiated physical development at the Nyngan Scandium Project, after positive results of the 2023 Nyngan drilling program. The Nyngan Scandium project is situated 17.5 kilometers south-southwest of Nyngan in western New South Wales, Australia. The Nyngan scandium project will be the world's first scandium-only mining operation, focusing on a high-demand metal identified as critical by the governments of Australia, Canada, and the United States. This development presents a significant opportunity for New South Wales to become a world leader in the responsible supply of critical minerals. Therefore, positive government initiatives secure supplies of scandium and stabilize the markets which push scandium to the forefront of high-tech industries and sustainable development projects.

Scandium Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

  • Oxide
  • Fluoride
  • Chloride
  • Nitrate
  • Iodide
  • Alloy
  • Others

Fluoride accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes oxide, fluoride, chloride, nitrate, iodide, alloy, and others. According to the report, fluoride represented the largest segment.

Fluoride is emerging as the largest segment due to its extensive use in high-intensity metal halide lamps and electronics. Additionally, it serves as a superior material for solid oxide fuel cells owing to its exceptional electrical conductivity and resistance to corrosion. Moreover, various industries heavily rely on this compound to enhance the performance of lighter aerospace structures and sporting goods, further boosting its demand. The versatility of scandium fluoride, combined with its integral role in various high-tech applications, positions it at the forefront of the scandium market, reflecting broader trends toward efficiency and performance enhancement across multiple sectors.

Breakup by Application:

  • Aluminum-scandium Alloys
  • High-intensity Metal Halide Lamps
  • Lasers
  • Solid Oxide Fuel Cells

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes aluminum-scandium alloys, high-intensity metal halide lamps, lasers, and solid oxide fuel cells.

The aluminum-scandium alloy segment represents a significant share of the scandium market, which is largely driven by the aerospace and automotive sectors. Alloys of this type, when combined with small amounts of scandium, exhibit superior properties such as increased strength, reduced grain size, and improved weldability which helps aircraft and vehicles with superior performance properties. Also, the rising demand in this industry is significantly influenced by the growing importance of reducing carbon emissions and enhancing fuel efficiency, thus making lightweight materials increasingly crucial. Hence key players are introducing advanced product variants to meet these needs. For instance, on 18 October 2023, NioCorp Developments Ltd. and its development partner, Nanoscale Powders LLC achieved the successful production of a 1-kilogram ingot of aluminum-scandium alloy at the creative engineer's facility in New Freedom, Pennsylvania.

Moreover, high-intensity metal halide lamps scandium serves as an additive to improve the quality and efficiency of light produced. These lamps are widely used in large-scale lighting applications, such as stadiums, industrial facilities, and public spaces, where strong, reliable lighting is essential. Additionally, the addition of scandium allows these lamps to produce a light that closely resembles natural daylight enhancing visibility and color rendering. Besides, this segment is primarily driven by the growing urban infrastructure and the increasing demand for energy-efficient lighting solutions.

Laser scandium finds applications in various laser technologies, particularly those used in scientific research, military, and medical applications. Also, lasers made from scandium are valued for their ability to generate specific wavelengths of laser beams with accuracy and control. These characteristics make them suitable for primary research, surgical procedures, and specific military uses where precision is crucial. In addition, demand for scandium in lasers is driven by innovations in medical equipment and increased defense spending on modern communication and weaponry systems.

Besides, solid oxide fuel cells (SOFC) use scandium-stabilized zirconia as an electrolyte to enhance their performances at lower temperatures, thus leading to more efficient and stable energy production. This segment is gathering momentum due to the global shift toward sustainable energy sources, coupled with the increasing diffusion of fuel cell technology across stationary, portable, and transportation applications. Additionally, scandium incorporation in solid oxide fuel cells enables SOFCs to have longer operational lifetimes and improve fuel utilization efficiency, solving some of the key issues in fuel cell technology. As governments and private sectors have been investing more in renewable energy infrastructure and technologies, the future demand for scandium is anticipated to drive growth in the market and present great opportunities for market development.

Breakup by End Use Industry:

  • Aerospace and Defense
  • Ceramics
  • Lighting
  • Electronics
  • 3D Printing
  • Sporting Goods
  • Others

Aerospace and Defence represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes aerospace and defense, ceramics, lighting, electronics, 3d printing, sporting goods, and others. According to the report, aerospace and defense represented the largest segment.

Aerospace and defense are emerging as the dominant sectors. Scandium is mainly used to enhance the performance properties of aluminum alloys, making them lightweight and resistant to corrosion. These value-added alloys have tremendous demand in aircraft manufacturing for numerous components, which facilitate reduced fuel consumption and increased payload. Furthermore, the demand from the aerospace industry is fuelled by the unceasing pursuit of greater efficiency and performance optimization, coupled with surging commercial aviation production rates. Additionally, scandium finds its way into solid oxide fuel cells, also employed in clean energy applications, further expanding its applicability in advanced aerospace design and various defense systems. For instance, on 13 July 2023, NioCorp Developments Ltd., also known as NioCorp, commended the U.S. House Armed Services Committee for emphasizing that the aluminum-scandium master alloy is important to the United States for its applications in numerous defense platforms.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America leads the market, accounting for the largest scandium market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest regional market for scandium.

As per the scandium market industry overview, North America is emerging as the largest segment owing to its expanding aerospace and defense industries that use large quantities of scandium in high-performance alloys. The region has an advanced technological infrastructure coupled with research and development activities concerning various applications of scandium. Moreover, the increasing consumption of scandium in SOFCs also helps the market growth, as the renewable creation of energy is increasing, majorly across the U.S. and Canada. Besides, supportive governmental policies toward research and development of rare earth minerals support the market growth. For instance, on 28 September 2023, NioCorp Developments Ltd. announced that it intends to make available an aluminum-scandium master alloy product (Al-Sc MA) in the US market. This initiative, stemming from its proposed mining and processing facilities at the Elk Creek Project, is contingent upon securing project financing and initiating mining operations. The introduction of this alloy is aimed at enabling commercial and defense manufacturers to substitute certain aluminum components in vehicles with scandium-enriched alternatives. These scandium-containing aluminum alloys are notable for their enhanced strength, resistance to corrosion, and weldability, offering considerable improvements in properties and potential for reducing weight, especially in transportation.

Competitive Landscape:

  • The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the scandium industry include Australian Mines Limited, Galileo Resources PLC, GFS Chemicals Inc., Hunan Oriental Scandium Co. Ltd., Lenntech B.V., Materion Corporation, Merck KGaA, Niocorp Developments Ltd., Platina Resources Limited, Scandium International Mining Corporation, Sumitomo Metal Mining Co. Ltd and Thermo Fisher Scientific Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

  • At present, key players in the scandium market are actively employing strategies to bolster their market positions and tap into the growing demand for scandium-enhanced products. These strategies include expanding production capabilities, securing scandium resources through strategic partnerships, and investing in research and development to innovate new applications. For instance, companies are forming alliances with mining operations to ensure a stable and cost-effective supply of scandium. They are also focusing on developing proprietary technologies to extract and refine scandium more efficiently, reducing overall production costs and enhancing product quality. Moreover, market leaders are working closely with end-users in the aerospace, automotive, and electronics industries to tailor scandium alloys that meet specific performance requirements. These collaborative efforts not only secure long-term contracts but also open new avenues for scandium applications, driving both market growth and technological advancement.

Scandium Market News:

  • 30 January 2024, NioCorp Developments Ltd. collaborated with Brunel University London. This collaboration will focus on developing new aluminum-scandium alloys and their applications, specifically targeting the automotive industry. Brunel University is renowned worldwide for its research on the use of cast aluminium alloys.
  • 28 April 2023, Rio Tinto has finalized an agreement to purchase the Platina Scandium Project from Platina Resources Limited for $14 Million. This project, located near Condobolin in central New South Wales, features a scalable, high-grade scandium resource with the potential to produce about 40 tonnes of scandium oxide annually over an estimated 30 years. Additionally, Rio Tinto currently extracts scandium oxide from waste streams produced during titanium dioxide manufacturing in Sorel-Tracy, Quebec. The operationalization of the Platina scandium project would allow Rio Tinto to significantly increase its scandium output each year. This purchase is part of Rio Tinto's strategic initiative to expand its portfolio of materials critical for supporting the transition to a low-carbon economy.

Key Questions Answered in This Report

  • 1. What was the size of the global scandium market in 2023?
  • 2. What is the expected growth rate of the global scandium market during 2024-2032?
  • 3. What are the key factors driving the global scandium market?
  • 4. What has been the impact of COVID-19 on the global scandium market?
  • 5. What is the breakup of the global scandium market based on the product type?
  • 6. What is the breakup of the global scandium market based on the end use industry?
  • 7. What are the key regions in the global scandium market?
  • 8. Who are the key players/companies in the global scandium market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Scandium Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Product Type

  • 6.1 Oxide
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Fluoride
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Chloride
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Nitrate
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Iodide
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Alloy
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast
  • 6.7 Others
    • 6.7.1 Market Trends
    • 6.7.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Aluminum-scandium Alloys
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 High-intensity Metal Halide Lamps
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Lasers
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Solid Oxide Fuel Cells
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Aerospace and Defense
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Ceramics
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Lighting
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Electronics
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 3D Printing
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Sporting Goods
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Australian Mines Limited
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
    • 14.3.2 Galileo Resources PLC
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
    • 14.3.3 GFS Chemicals Inc.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
    • 14.3.4 Hunan Oriental Scandium Co. Ltd.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Lenntech B.V.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Materion Corporation
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Merck KGaA
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Niocorp Developments Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
    • 14.3.9 Platina Resources Limited
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Scandium International Mining Corporation
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
    • 14.3.11 Sumitomo Metal Mining Co. Ltd
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Thermo Fisher Scientific Inc.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis