Scandium Market 2021 Analysis by Global Manufacturers – Alfa Aesar, Atlantic Equipment Engineers (Micron Metal Inc.), Cathay Advanced Materials Limited

The Scandium Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The scandium market is expected to register a CAGR of over 11%, during the forecast period.

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Top Leading Companies of Scandium Market are Alfa Aesar, Atlantic Equipment Engineers (Micron Metal Inc.), Cathay Advanced Materials Limited, Clean TeQ Holdings Ltd, DNI Metals Inc., Galileo Resources PLC, GFS Chemicals, Hunan Oriental Scandium Co. Ltd, Materion Corporation (Cerac Inc.), Orbite Technologies Inc., Platina Resources Limited, Scandium International Mining Corp., Stanford Materials Corporation, Sigma-Aldrich (Merck KGaA), Treibacher Industrie AG, Australian Mines Ltd, Huizhou Top Metal Materials Co. Ltd (TOPM) and others.

Key Market Trends

Aerospace and Defense Segment to Dominate the Market

- One of the most important uses of scandium is in the preparation of aluminum-scandium alloy, which is used in the aerospace industry during the manufacturing of aircraft.

- Addition of scandium with aluminum helps to improve strength, increase heat tolerance, promote corrosion resistance, extend weldability and weld strength to an array of aluminum alloy materials.

- According to the aircraft designers, about 0.1-0.5% trace amount of scandium added to aluminum can helps to increase not only the strength of aluminum, but also helps to reduce the weight of aircraft by 15-20%.

- With growing security concerns and increasing commercial use of aircraft as a medium of conveyance, the demand for aircraft has been increasing worldwide. Owing to this, various aircraft production orders are lined up for expected delivery in the coming years in order to deliver the orders from the aviation and defense industries.

Regional Outlook of Scandium Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Scandium Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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