Scandium Market Size and Forecast (2021-2031)

Scandium Market Size and Forecast (2021-2031)

Scandium Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Derivative (Oxide, Iodide, Alloy, Zirconia, and Others) and Application (Aerospace and Defense, Solid Oxide Fuel Cells, Electronics, Ceramics, Lighting, Nuclear Applications, 3D Printing, and Others)

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Description

The scandium market size was valued at US$ 230.26 million in 2023 and is projected to reach US$ 1,660.13 million by 2031; it is estimated to register a CAGR of 28.0% from 2023 to 2031.

Scandium is known for its ability to confer high strength, lightweight, and corrosion resistance in end products, which makes it a valuable alloying agent. These unique properties primarily drive the demand for scandium as an alloying agent. The aerospace and automotive industries are major consumers, wherein aluminum alloys reinforced with scandium offer a combination of strength, lightness, and corrosion resistance. In aerospace, scandium–aluminum alloys contribute to fuel efficiency and emissions reduction in aircraft, while in automotive applications, they improve performance and fuel efficiency by reducing weight. Additionally, scandium finds use in solid oxide fuel cells (SOFCs) and high-intensity discharge lamps. However, scandium’s limited availability poses challenges to its supply chain. Most scandium is obtained as a byproduct of other mining activities, with Australia and China being major producers. The market experiences volatility in prices due to fluctuations in supply and demand dynamics. Efforts to increase primary production and develop more efficient extraction methods are underway to meet growing demand, which is likely to favor the expansion of the scandium market size by 2030. The rising demand from the 3D printing industry contributes significantly to the scandium market growth. Scandium-containing metal alloys exhibit improved mechanical properties, corrosion resistance, and heat resistance, which make them an attractive choice for producing high-performance components using 3D printers. In additive manufacturing, scandium–aluminum alloys are gaining attention for their superior strength-to-weight ratio and enhanced mechanical properties compared to traditional metals and metal alloys.

Based on derivative, the market is segmented into oxide, iodide, alloy, zirconia, and others. The zirconia segment accounts for a significant scandium market share. Scandium-stabilized zirconia (ScSZ) represents a class of advanced ceramic materials. This material is primarily composed of zirconium dioxide (ZrO2), which is added with scandium oxide to stabilize its crystal structure. The incorporation of scandium ions into the zirconia lattice alters its properties, resulting in enhanced thermal stability, mechanical strength, and ionic conductivity. In terms of thermal stability, ScSZ exhibits remarkable resistance to phase transformation even at high temperatures, which is a critical attribute for applications in extreme thermal environments. Thus, the ability to withstand high temperatures renders zirconia an ideal candidate for use in thermal barrier coatings (TBCs) for gas turbine engine components; the material provides insulation and protection against heat, extending component lifetimes and enhancing efficiency. Further, the stabilized crystal structure of ScSZ contributes to its superior mechanical properties, including high fracture toughness and strength.

In 2023, Asia Pacific held a significant share of the scandium market. Rapid economic progress and industrialization in Asia Pacific bolster the demand for high-performance materials to support infrastructure development and urbanization. Asia Pacific is home to some of the world’s largest and fastest-growing aerospace and automotive industries, which are major consumers of lightweight and high-strength scandium-containing alloys. These alloys are particularly valuable in aircraft components, automotive parts, and structural materials, among other applications, wherein reducing weight while maintaining performance is crucial for enhancing the final products’ fuel efficiency, range, and safety standards.

Scandium International Mining Corporation, American Elements Inc, NioCorp Development Ltd, Strategic Metal Investments Ltd, Rio Tinto, US Research Nanomaterials Inc, Otto Chemie Pvt Ltd, Stanford Advanced Materials, Heeger Materials Inc, and Hunan Oriental Scandium Co Ltd. are among the prominent players profiled in the scandium market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The scandium market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.

 

The overall global scandium market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the scandium market.

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The scope of our recent study on the “Scandium Market Forecast to 2031 –Global Analysis – by Derivative Application, and Geography” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.

The scandium market size was valued at US$ 230.26 million in 2023 and is projected to reach US$ 1,660.13 million by 2031; it is estimated to register a CAGR of 28.0% from 2023 to 2031. Scandium, a rare earth element, was included in the list of Critical Raw Materials (CRM) in 2017 by the European Commission (EC). It is a transition metal used in the production of solid oxide fuel cells and high-strength alloys that are used in aerospace and 3D printing applications, respectively. Scandium is found in less quantities in monazite. It is economical to extract scandium from uranium tailings, thortveitite, euxenite, and gadolinite. Scandium also coexists in minute quantities in iron, molybdenum, aluminum, cobalt, nickel, titanium, tungsten, zinc, and zirconium ores. The global scandium market size is likely to upsurge by 2030 owing to the advancements in extraction and processing methods.

The increasing adoption of solid oxide fuel cells propels the scandium market growth. Solid oxide fuel cells (SOFCs), known for their high efficiency and low emissions, are gaining traction as a promising alternative to conventional power generation technologies in various sectors, including stationary power generation, transportation, and portable electronics. Scandium plays a pivotal role in SOFC technology, particularly in the form of scandium-stabilized zirconia (ScSZ). Used as an electrolyte in these cells, ScSZ improves ionic conductivity at elevated temperatures, enabling efficient ion transport across the cell and enhancing overall performance. This results in higher energy conversion efficiencies and enhanced durability, making SOFCs more attractive for widespread commercial and industrial applications. The surging demand for clean energy owing to environmental concerns and regulatory pressure to reduce greenhouse gas emissions is fueling the adoption of SOFCs worldwide. SOFCs, when operated with a hydrocarbon fuel source, generate CO2, but they carry out much cleaner processing of fuels than combustion-based systems, positioning themselves in low-emission devices. In 2000, the US Department of Energy initiated the SOFC Program to develop low-cost, highly efficient, environmentally friendly SOFC technology for smaller, modular-scale, large-scale power generation from natural gas or coal-derived synthesis. Thus, the increasing adoption of solid oxide fuel cells contributes to the growing scandium market size.

Scandium International Mining Corporation, American Elements Inc, NioCorp Development Ltd, Strategic Metal Investments Ltd, Rio Tinto, US Research Nanomaterials Inc, Otto Chemie Pvt Ltd, Stanford Advanced Materials, Heeger Materials Inc, and Hunan Oriental Scandium Co Ltd. are among the prominent players profiled in the scandium market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The scandium market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.

The surging popularity of electric vehicles is likely to bring new scandium market trends in the coming years. Lightweight and high-performance materials help improve the efficiency and range of electric vehicles (EVs). As the automotive industry experiences a transformative shift toward electric vehicles, scandium’s role becomes even more pronounced. The strength of scandium–aluminum alloys makes it an attractive choice for EV manufacturing. In the automotive sector, wherein reducing weight is paramount for optimizing energy efficiency and extending battery performance, scandium–aluminum alloys are used in vehicle components such as body panels, chassis, and battery enclosures; this allows automakers to achieve significant weight reductions without compromising structural integrity. This results in lighter and more energy-efficient EVs that can travel longer distances with a single charge, thus addressing key consumer concerns. Scandium-containing materials, such as scandium-doped aluminum electrodes, have shown promise in improving battery conductivity and stability, leading to faster charging times, higher energy density, and increased longevity.

The global scandium market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global scandium market in 2022. The major factor driving the scandium market in North America is the growing demand of semiconductors.

 

Global Scandium Market Breakdown – by Region

The report includes the segmentation of the global scandium market as follows:

The market is segmented on the basis of derivative, and application. The market is segmented on the basis of derivative and application. Based on derivative, the market is segmented into oxide, iodide, alloy, zirconia, and others. The oxide segment accounts for the largest scandium market share. Scandium oxide (Sc2O3) appears in the form of a cubic crystal lattice, providing it with remarkable thermal stability and mechanical strength. Scandium oxide finds extensive application in the production of advanced ceramics and refractory materials. When added to ceramic formulations, it enhances mechanical properties such as strength and toughness, and thermal shock resistance. These properties also make scandium oxide the material of choice in industries such as aerospace, wherein components and devices must withstand extreme conditions. Due to their large surface area and unique surface chemistry, scandium oxide nanoparticles have emerged as crucial components in catalysis. They are used as effective catalysts in various chemical reactions, including organic synthesis and environmental remediation processes. Further, the optical properties of scandium oxide make it useful in optics and electronics. As a dopant in glass and semiconductor materials, it modifies their electronic band structure and optical properties, enabling applications in laser technology, phosphors, and high-performance electronics.

Based on application, the scandium market is segmented into aerospace and defense, solid oxide fuel cells, electronics, ceramics, lighting, nuclear applications, 3D printing, and others. The aerospace and defense segment accounts for the largest scandium market share. In the aerospace industry, the most common form of scandium used is scandium–aluminum alloys. These alloys offer a remarkable combination of strength, stiffness, and corrosion resistance while remaining lightweight, rendering them a material choice in the production of aerospace components such as aircraft frames, wings, and engine parts. The addition of scandium enhances the mechanical properties of aluminum alloys, allowing for the design of lighter and more fuel-efficient aircraft without compromising structural integrity. In the defense industry, scandium alloys are utilized in the production of lightweight armor and ballistic protection systems. By incorporating scandium into armor materials, manufacturers can produce protective gear that offers superior protection against ballistic threats while minimizing weight and bulkiness.

By geography, the global scandium market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American scandium market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific scandium market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America scandium market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

o Progressive industry trends in the scandium market to help players develop effective long-term strategies
o Business growth strategies adopted by developed and developing markets
o Quantitative analysis of the scandium market from 2020 to 2031
o Estimation of the demand for scandium across various industries
o Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
o Recent developments to understand the competitive market scenario and the demand for scandium across the globe
o Market trends and outlook coupled with factors driving and restraining the growth of the scandium market.
o Decision-making process by understanding strategies that underpin commercial interest concerning the global scandium market growth
o The global scandium market size at various nodes of market
o Detailed overview and segmentation of the scandium market as well as its dynamics in the industry
o The scandium market size in different regions with promising growth opportunities

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Scandium Market Landscape
4.1 Overview
4.2 PORTER’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Mining
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain
5. Scandium Market – Key Market Dynamics
5.1 Scandium Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Adoption of Solid Oxide Fuel Cells
5.2.2 Burgeoning Demand for Aluminum–Scandium Alloys in Aerospace & Defense Sector
5.2.3 Rising Demand from 3D Printing Industry
5.3 Market Restraints
5.3.1 High Cost
5.4 Market Opportunities
5.4.1 Advancements in Extraction and Processing Methods
5.5 Future Trends
5.5.1 Surging Popularity of Electric Vehicles
5.6 Impact of Drivers and Restraints:
6. Scandium Market – Global Market Analysis
6.1 Scandium Market Volume (Tons), 2023–2031
6.2 Scandium Market Volume Forecast and Analysis (Tons)
6.3 Scandium Market Revenue (US$ Million), 2023–2031
6.4 Scandium Market Revenue Forecast and Analysis (U$ Million)
7. Scandium Market Volume and Revenue Analysis – by Derivative
7.1 Oxide
7.1.1 Overview
7.1.2 Oxide: Scandium Market – Volume and Forecast to 2031 (Tons)
7.1.3 Oxide: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Iodide
7.2.1 Overview
7.2.2 Iodide: Scandium Market – Volume and Forecast to 2031 (Tons)
7.2.3 Iodide: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Alloy
7.3.1 Overview
7.3.2 Alloy: Scandium Market – Volume and Forecast to 2031 (Tons)
7.3.3 Alloy: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Zirconia
7.4.1 Overview
7.4.2 Zirconia: Scandium Market – Volume and Forecast to 2031 (Tons)
7.4.3 Zirconia: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Scandium Market – Volume and Forecast to 2031 (Tons)
7.5.3 Others: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8. Scandium Market Revenue Analysis – by Application
8.1 Aerospace and Defense
8.1.1 Overview
8.1.2 Aerospace and Defense: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Solid Oxide Fuel Cells
8.2.1 Overview
8.2.2 Solid Oxide Fuel Cells: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Electronics
8.3.1 Overview
8.3.2 Electronics: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Ceramics
8.4.1 Overview
8.4.2 Ceramics: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Lighting
8.5.1 Overview
8.5.2 Lighting: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Nuclear Applications
8.6.1 Overview
8.6.2 Nuclear Applications: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.7 3D Printing
8.7.1 Overview
8.7.2 3D Printing: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9. Scandium Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Scandium Market Overview
9.2.2 North America Scandium Market – Volume and Forecast to 2031 (Tons)
9.2.3 North America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.2.4 North America Scandium Market Breakdown by Derivative
9.2.4.1 North America Scandium Market Volume and Forecast and Analysis – by Derivative
9.2.4.2 North America Scandium Market Revenue and Forecast and Analysis –by Derivative
9.2.5 North America Scandium Market Breakdown by Application
9.2.5.1 North America Scandium Market Revenue and Forecast and Analysis –by Application
9.2.6 North America Scandium Market Revenue and Forecast and Analysis – by Country
9.2.6.1 North America Scandium Market Volume and Forecast and Analysis – by Country
9.2.6.2 North America Scandium Market Revenue and Forecast and Analysis –by Country
9.2.6.3 United States Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 United States Scandium Market Breakdown by Derivative
9.2.6.4 Canada Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Canada Scandium Market Breakdown by Derivative
9.2.6.5 Mexico Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.5.1 Mexico Scandium Market Breakdown by Derivative
9.3 Europe
9.3.1 Europe Scandium Market Overview
9.3.2 Europe Scandium Market – Volume and Forecast to 2031 (Tons)
9.3.3 Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.4 Europe Scandium Market Breakdown by Derivative
9.3.4.1 Europe Scandium Market Volume and Forecast and Analysis – by Derivative
9.3.4.2 Europe Scandium Market Revenue and Forecast and Analysis –by Derivative
9.3.5 Europe Scandium Market Breakdown by Application
9.3.5.1 Europe Scandium Market Revenue and Forecast and Analysis –by Application
9.3.6 Europe Scandium Market Revenue and Forecast and Analysis – by Country
9.3.6.1 Europe Scandium Market Volume and Forecast and Analysis – by Country
9.3.6.2 Europe Scandium Market Revenue and Forecast and Analysis –by Country
9.3.6.3 Germany Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany Scandium Market Breakdown by Derivative
9.3.6.4 France Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 France Scandium Market Breakdown by Derivative
9.3.6.5 Italy Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy Scandium Market Breakdown by Derivative
9.3.6.6 United Kingdom Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 United Kingdom Scandium Market Breakdown by Derivative
9.3.6.7 Russia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Russia Scandium Market Breakdown by Derivative
9.3.6.8 Rest of Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.8.1 Rest of Europe Scandium Market Breakdown by Derivative
9.4 Asia Pacific
9.4.1 Asia Pacific Scandium Market Overview
9.4.2 Asia Pacific Scandium Market – Volume and Forecast to 2031 (Tons)
9.4.3 Asia Pacific Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.4 Asia Pacific Scandium Market Breakdown by Derivative
9.4.4.1 Asia Pacific Scandium Market Volume and Forecast and Analysis – by Derivative
9.4.4.2 Asia Pacific Scandium Market Revenue and Forecast and Analysis –by Derivative
9.4.5 Asia Pacific Scandium Market Breakdown by Application
9.4.5.1 Asia Pacific Scandium Market Revenue and Forecast and Analysis –by Application
9.4.6 Asia Pacific Scandium Market Revenue and Forecast and Analysis – by Country
9.4.6.1 Asia Pacific Scandium Market Volume and Forecast and Analysis – by Country
9.4.6.2 Asia Pacific Scandium Market Revenue and Forecast and Analysis –by Country
9.4.6.3 Australia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 Australia Scandium Market Breakdown by Derivative
9.4.6.4 China Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 China Scandium Market Breakdown by Derivative
9.4.6.5 India Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 India Scandium Market Breakdown by Derivative
9.4.6.6 Japan Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 Japan Scandium Market Breakdown by Derivative
9.4.6.7 South Korea Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 South Korea Scandium Market Breakdown by Derivative
9.4.6.8 Rest of APAC Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.8.1 Rest of APAC Scandium Market Breakdown by Derivative
9.5 Middle East and Africa
9.5.1 Middle East and Africa Scandium Market Overview
9.5.2 Middle East and Africa Scandium Market – Volume and Forecast to 2031 (Tons)
9.5.3 Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.5.4 Middle East and Africa Scandium Market Breakdown by Derivative
9.5.4.1 Middle East and Africa Scandium Market Volume and Forecast and Analysis – by Derivative
9.5.4.2 Middle East and Africa Scandium Market Revenue and Forecast and Analysis –by Derivative
9.5.5 Middle East and Africa Scandium Market Breakdown by Application
9.5.5.1 Middle East and Africa Scandium Market Revenue and Forecast and Analysis –by Application
9.5.6 Middle East and Africa Scandium Market Revenue and Forecast and Analysis – by Country
9.5.6.1 Middle East and Africa Scandium Market Volume and Forecast and Analysis – by Country
9.5.6.2 Middle East and Africa Scandium Market Revenue and Forecast and Analysis –by Country
9.5.6.3 South Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 South Africa Scandium Market Breakdown by Derivative
9.5.6.4 Saudi Arabia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 Saudi Arabia Scandium Market Breakdown by Derivative
9.5.6.5 United Arab Emirates Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 United Arab Emirates Scandium Market Breakdown by Derivative
9.5.6.6 Rest of Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.6.1 Rest of Middle East and Africa Scandium Market Breakdown by Derivative
9.6 South and Central America
9.6.1 South and Central America Scandium Market Overview
9.6.2 South and Central America Scandium Market – Volume and Forecast to 2031 (Tons)
9.6.3 South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.6.4 South and Central America Scandium Market Breakdown by Derivative
9.6.4.1 South and Central America Scandium Market Volume and Forecast and Analysis – by Derivative
9.6.4.2 South and Central America Scandium Market Revenue and Forecast and Analysis –by Derivative
9.6.5 South and Central America Scandium Market Breakdown by Application
9.6.5.1 South and Central America Scandium Market Revenue and Forecast and Analysis –by Application
9.6.6 South and Central America Scandium Market Revenue and Forecast and Analysis – by Country
9.6.6.1 South and Central America Scandium Market Volume and Forecast and Analysis – by Country
9.6.6.2 South and Central America Scandium Market Revenue and Forecast and Analysis –by Country
9.6.6.3 Brazil Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Brazil Scandium Market Breakdown by Derivative
9.6.6.4 Argentina Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Argentina Scandium Market Breakdown by Derivative
9.6.6.5 Rest of South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.5.1 Rest of South and Central America Scandium Market Breakdown by Derivative
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Partnership and Collaboration
12. Company Profiles
12.1 American Elements Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Niocorp Development Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Strategic Metal Investments Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rio Tinto Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Scandium International Mining Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Otto Chemie Pvt. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Stanford Advanced Materials
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 US Research Nanomaterials, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Heeger Materials Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Hunan Oriental Scandium Co Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Research Team

LIST OF TABLES

Table 1. Scandium Market Segmentation
Table 2. List of Vendors
Table 3. Scandium Market – Volume and Forecast to 2031 (Tons)
Table 4. Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 6. Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 7. Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 8. North America Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 9. North America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 10. North America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 11. North America Scandium Market – Volume and Forecast to 2031 (Tons) – by Country
Table 12. North America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 13. United States Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 14. United States Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 15. United States Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 16. Canada Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 17. Canada Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 18. Canada Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 19. Mexico Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 20. Mexico Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 21. Mexico Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 22. Europe Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 23. Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 24. Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 25. Europe Scandium Market – Volume and Forecast to 2031 (Tons) – by Country
Table 26. Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 27. Germany Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 28. Germany Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 29. Germany Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 30. France Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 31. France Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 32. France Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 33. Italy Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 34. Italy Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 35. Italy Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 36. United Kingdom Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 37. United Kingdom Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 38. United Kingdom Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 39. Russia Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 40. Russia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 41. Russia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 42. Rest of Europe Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 43. Rest of Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 44. Rest of Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 45. Asia Pacific Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 46. Asia Pacific Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 47. Asia Pacific Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 48. Asia Pacific Scandium Market – Volume and Forecast to 2031 (Tons) – by Country
Table 49. Asia Pacific Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 50. Australia Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 51. Australia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 52. Australia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 53. China Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 54. China Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 55. China Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 56. India Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 57. India Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 58. India Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 59. Japan Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 60. Japan Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 61. Japan Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 62. South Korea Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 63. South Korea Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 64. South Korea Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 65. Rest of APAC Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 66. Rest of APAC Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 67. Rest of APAC Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 68. Middle East and Africa Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 69. Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 70. Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 71. Middle East and Africa Scandium Market – Volume and Forecast to 2031 (Tons) – by Country
Table 72. Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 73. South Africa Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 74. South Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 75. South Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 76. Saudi Arabia Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 77. Saudi Arabia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 78. Saudi Arabia Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 79. United Arab Emirates Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 80. United Arab Emirates Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 81. United Arab Emirates Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 82. Rest of Middle East and Africa Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 83. Rest of Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 84. Rest of Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 85. South and Central America Scandium Market – Volume and Forecast to 2031 (Tons) – by Derivative
Table 86. South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 87. South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 88. South and Central America Scandium Market – Volume and Forecast to 2031 (Tons) – by Country
Table 89. South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 90. Brazil Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 91. Brazil Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 92. Brazil Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 93. Argentina Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 94. Argentina Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 95. Argentina Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 96. Rest of South and Central America Scandium Market –Volume and Forecast to 2031 (Tons) – by Derivative
Table 97. Rest of South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Derivative
Table 98. Rest of South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million) – by Application

LIST OF FIGURES

Figure 1. Scandium Market Segmentation, by Geography
Figure 2. PORTER’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Scandium Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Scandium Market Volume (Tons), 2023–2031
Figure 6. Scandium Market Revenue (US$ Million), 2023–2031
Figure 7. Scandium Market Share (%) – Derivative, 2023 and 2031
Figure 8. Oxide: Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 9. Oxide: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Iodide: Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 11. Iodide: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Alloy: Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 13. Alloy: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Zirconia: Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 15. Zirconia: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Others: Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 17. Others: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Scandium Market Share (%) – Application, 2023 and 2031
Figure 19. Aerospace and Defense: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Solid Oxide Fuel Cells: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Electronics: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Ceramics: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Lighting: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Nuclear Applications: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. 3D Printing: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Others: Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Scandium Market Breakdown by Region, 2023 and 2031
Figure 28. North America Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 29. North America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. North America Scandium Market Breakdown by Derivative (2023 and 2031)
Figure 31. North America Scandium Market Breakdown by Application (2023 and 2031)
Figure 32. North America Scandium Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 33. United States Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 34. Canada Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. Mexico Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Europe Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 37. Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 38. Europe Scandium Market Breakdown by Derivative (2023 and 2031)
Figure 39. Europe Scandium Market Breakdown by Application (2023 and 2031)
Figure 40. Europe Scandium Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 41. Germany Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 42. France Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. Italy Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 44. United Kingdom Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 45. Russia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 46. Rest of Europe Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 47. Asia Pacific Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 48. Asia Pacific Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 49. Asia Pacific Scandium Market Breakdown by Derivative (2023 and 2031)
Figure 50. Asia Pacific Scandium Market Breakdown by Application (2023 and 2031)
Figure 51. Asia Pacific Scandium Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 52. Australia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 53. China Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. India Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 55. Japan Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 56. South Korea Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. Rest of APAC Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. Middle East and Africa Scandium Market – Volume and Forecast to 2031 (Tons)
Figure 59. Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 60. Middle East and Africa Scandium Market Breakdown by Derivative (2023 and 2031)
Figure 61. Middle East and Africa Scandium Market Breakdown by Application (2023 and 2031)
Figure 62. Middle East and Africa Scandium Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 63. South Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 64. Saudi Arabia Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. United Arab Emirates Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 66. Rest of Middle East and Africa Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 67. South and Central America Scandium Market –Volume and Forecast to 2031 (Tons)
Figure 68. South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 69. South and Central America Scandium Market Breakdown by Derivative (2023 and 2031)
Figure 70. South and Central America Scandium Market Breakdown by Application (2023 and 2031)
Figure 71. South and Central America Scandium Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 72. Brazil Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 73. Argentina Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 74. Rest of South and Central America Scandium Market – Revenue and Forecast to 2031 (US$ Million)
Figure 75. Heat Map Analysis by Key Players
Figure 76. Company Positioning & Concentration

The List of Companies – Scandium Market
o Scandium International Mining Corporation
o American Elements Inc
o NioCorp Development Ltd
o Strategic Metal Investments Ltd
o Rio Tinto
o US Research Nanomaterials Inc
o Otto Chemie Pvt Ltd
o Stanford Advanced Materials
o Heeger Materials Inc
o Hunan Oriental Scandium Co Ltd.

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