Scandium Metal Market to Witness Robust Growth at 12.5% CAGR by 2031 | Rusal, Rio Tinto, Sumitomo Metal Mining (SMM)

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Scandium Metal Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Scandium Metal market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals.

The global market for Scandium Metal was estimated to be worth US$ 204 million in 2024 and is forecast to a readjusted size of US$ 436 million by 2031 with a CAGR of 12.5% during the forecast period 2025-2031.

The research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

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The research report also includes the global Scandium Metal market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The Scandium Metal report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Scandium Metal cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Scandium (metal scandium, Scandium) is a chemical element with the symbol Sc and atomic number 21. It is a rare transition metal that usually coexists with other metals in aluminum and iron ores. The physical properties of scandium are light and hard, with a high melting point and strength, but it is easily oxidized in the air.

Scandium is present in low concentrations in the earth's crust and usually coexists with minerals present in aluminum and iron ores. It can also be obtained by separation from bauxite. Due to the particularity of its application field, the demand for scandium is limited, but with the increase in demand for high-performance materials, the value and application of scandium are gradually being valued.

At present, the global demand for scandium metal is small and it is not easy to preserve. It is commonly sold in the form of scandium oxide in the market, so the data in this report includes scandium oxide products.In 2024, global Scandium Metal reached approximately 43.2 MT, with an average global market price of around US$ 4737 per kg.

Competitive Landscape: -

Rusal
Rio Tinto
Sumitomo Metal Mining (SMM)
MCC
Hunan Oriental Scandium
Rongjia Scandium
Huizhou Top Metal Materials(TOPM)
Hunan Rare Earth Metal Research Institute

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Scandium Metal market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Scandium Metal market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Global Scandium Metal Demand Growth and Application Expansion -

In recent years, the demand for scandium metal has continued to grow, especially in the fields of aerospace, energy storage, hydrogen energy technology, electronic devices and high-end alloys. The combination of scandium and aluminum alloy can significantly improve the strength and corrosion resistance of the material, making it an ideal material for manufacturing lightweight aircraft and spacecraft. In addition, scandium also plays an important role in fuel cells, hydrogen energy storage and electric vehicle batteries, which has promoted its application in the field of new energy. As the world transitions to a low-carbon economy, the potential of scandium as an energy transition and efficient energy storage material is being valued by more and more industries. Therefore, the market demand for scandium metal is expected to continue to rise in the next few years, especially with the promotion of the hydrogen energy industry and new energy vehicles.

Advances in Scandium Metal Extraction Technology and Cost Reduction -

The extraction cost of scandium metal is relatively high because it is usually present in trace amounts in minerals such as bauxite and vanadium ore, requiring a complex smelting process. Therefore, the market supply of scandium mainly depends on the extraction of by-products of bauxite, and the technology of the refining process of scandium is relatively mature, mainly dominated by countries such as Russia, China and Australia. With the advancement of technology, especially the improvement of extraction efficiency and the introduction of new technologies, the production cost of scandium metal has decreased. For example, in recent years, some advanced separation and purification technologies and new chemical treatment methods have gradually been commercialized, which has helped to improve the extraction efficiency of scandium and reduce the cost per unit output. This trend has created conditions for the continued growth of the global scandium market and also helped to support the application of scandium in emerging industries.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Scandium Metal Market Segmentation -

The report offers great insights into important segments of the global Scandium Metal market while concentrating on their CAGR, market size, market share, and future growth potential. The global Scandium Metal market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Scandium Metal market.

Segmentation By Type :-

Sc greater than or equal to 99.9%
Sc greater than or equal to 99.95%
Sc greater than or equal to 99.99%

Segmentation By Application -

SOFC
Aluminum-scandium Alloy
High-intensity Metal Halide Lamp
Laser
Other

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Scandium Metal Market Report Objectives -

(1) Analyzing the size of the global Scandium Metal market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Scandium Metal market

(3) Exploring key dynamics of the global Scandium Metal market

(4) Highlighting important trends of the global Scandium Metal market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Scandium Metal market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Scandium Metal market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Scandium Metal market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Scandium Metal market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Scandium Metal Product Introduction
1.2 Global Scandium Metal Market Size Forecast
1.2.1 Global Scandium Metal Sales Value (2020-2031)
1.2.2 Global Scandium Metal Sales Volume (2020-2031)
1.2.3 Global Scandium Metal Sales Price (2020-2031)
1.3 Scandium Metal Market Trends & Drivers
1.3.1 Scandium Metal Industry Trends
1.3.2 Scandium Metal Market Drivers & Opportunity
1.3.3 Scandium Metal Market Challenges
1.3.4 Scandium Metal Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Scandium Metal Players Revenue Ranking (2024)
2.2 Global Scandium Metal Revenue by Company (2020-2025)
2.3 Global Scandium Metal Players Sales Volume Ranking (2024)
2.4 Global Scandium Metal Sales Volume by Company Players (2020-2025)
2.5 Global Scandium Metal Average Price by Company (2020-2025)
2.6 Key Manufacturers Scandium Metal Manufacturing Base and Headquarters
2.7 Key Manufacturers Scandium Metal Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Scandium Metal
2.9 Scandium Metal Market Competitive Analysis
2.9.1 Scandium Metal Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Scandium Metal Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Scandium Metal as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Sc≥99.9%
3.1.2 Sc≥99.95%
3.1.3 Sc≥99.99%
3.2 Global Scandium Metal Sales Value by Type
3.2.1 Global Scandium Metal Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Scandium Metal Sales Value, by Type (2020-2031)
3.2.3 Global Scandium Metal Sales Value, by Type (%) (2020-2031)
3.3 Global Scandium Metal Sales Volume by Type
3.3.1 Global Scandium Metal Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Scandium Metal Sales Volume, by Type (2020-2031)
3.3.3 Global Scandium Metal Sales Volume, by Type (%) (2020-2031)
3.4 Global Scandium Metal Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 SOFC
4.1.2 Aluminum-scandium Alloy
4.1.3 High-intensity Metal Halide Lamp
4.1.4 Laser
4.1.5 Other
4.2 Global Scandium Metal Sales Value by Application
4.2.1 Global Scandium Metal Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Scandium Metal Sales Value, by Application (2020-2031)
4.2.3 Global Scandium Metal Sales Value, by Application (%) (2020-2031)
4.3 Global Scandium Metal Sales Volume by Application
4.3.1 Global Scandium Metal Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Scandium Metal Sales Volume, by Application (2020-2031)
4.3.3 Global Scandium Metal Sales Volume, by Application (%) (2020-2031)
4.4 Global Scandium Metal Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Scandium Metal Sales Value by Region
5.1.1 Global Scandium Metal Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Scandium Metal Sales Value by Region (2020-2025)
5.1.3 Global Scandium Metal Sales Value by Region (2026-2031)
5.1.4 Global Scandium Metal Sales Value by Region (%), (2020-2031)
5.2 Global Scandium Metal Sales Volume by Region
5.2.1 Global Scandium Metal Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Scandium Metal Sales Volume by Region (2020-2025)
5.2.3 Global Scandium Metal Sales Volume by Region (2026-2031)
5.2.4 Global Scandium Metal Sales Volume by Region (%), (2020-2031)
5.3 Global Scandium Metal Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Scandium Metal Sales Value, 2020-2031
5.4.2 North America Scandium Metal Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Scandium Metal Sales Value, 2020-2031
5.5.2 Europe Scandium Metal Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Scandium Metal Sales Value, 2020-2031
5.6.2 Asia Pacific Scandium Metal Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Scandium Metal Sales Value, 2020-2031
5.7.2 South America Scandium Metal Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Scandium Metal Sales Value, 2020-2031
5.8.2 Middle East & Africa Scandium Metal Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Scandium Metal Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Scandium Metal Sales Value and Sales Volume
6.2.1 Key Countries/Regions Scandium Metal Sales Value, 2020-2031
6.2.2 Key Countries/Regions Scandium Metal Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Scandium Metal Sales Value, 2020-2031
6.3.2 United States Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Scandium Metal Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Scandium Metal Sales Value, 2020-2031
6.4.2 Europe Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Scandium Metal Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Scandium Metal Sales Value, 2020-2031
6.5.2 China Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.5.3 China Scandium Metal Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Scandium Metal Sales Value, 2020-2031
6.6.2 Japan Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Scandium Metal Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Scandium Metal Sales Value, 2020-2031
6.7.2 South Korea Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Scandium Metal Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Scandium Metal Sales Value, 2020-2031
6.8.2 Southeast Asia Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Scandium Metal Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Scandium Metal Sales Value, 2020-2031
6.9.2 India Scandium Metal Sales Value by Type (%), 2024 VS 2031
6.9.3 India Scandium Metal Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Rusal
7.1.1 Rusal Company Information
7.1.2 Rusal Introduction and Business Overview
7.1.3 Rusal Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Rusal Scandium Metal Product Offerings
7.1.5 Rusal Recent Development
7.2 Rio Tinto
7.2.1 Rio Tinto Company Information
7.2.2 Rio Tinto Introduction and Business Overview
7.2.3 Rio Tinto Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Rio Tinto Scandium Metal Product Offerings
7.2.5 Rio Tinto Recent Development
7.3 Sumitomo Metal Mining (SMM)
7.3.1 Sumitomo Metal Mining (SMM) Company Information
7.3.2 Sumitomo Metal Mining (SMM) Introduction and Business Overview
7.3.3 Sumitomo Metal Mining (SMM) Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Sumitomo Metal Mining (SMM) Scandium Metal Product Offerings
7.3.5 Sumitomo Metal Mining (SMM) Recent Development
7.4 MCC
7.4.1 MCC Company Information
7.4.2 MCC Introduction and Business Overview
7.4.3 MCC Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 MCC Scandium Metal Product Offerings
7.4.5 MCC Recent Development
7.5 Hunan Oriental Scandium
7.5.1 Hunan Oriental Scandium Company Information
7.5.2 Hunan Oriental Scandium Introduction and Business Overview
7.5.3 Hunan Oriental Scandium Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Hunan Oriental Scandium Scandium Metal Product Offerings
7.5.5 Hunan Oriental Scandium Recent Development
7.6 Rongjia Scandium
7.6.1 Rongjia Scandium Company Information
7.6.2 Rongjia Scandium Introduction and Business Overview
7.6.3 Rongjia Scandium Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Rongjia Scandium Scandium Metal Product Offerings
7.6.5 Rongjia Scandium Recent Development
7.7 Huizhou Top Metal Materials(TOPM)
7.7.1 Huizhou Top Metal Materials(TOPM) Company Information
7.7.2 Huizhou Top Metal Materials(TOPM) Introduction and Business Overview
7.7.3 Huizhou Top Metal Materials(TOPM) Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Huizhou Top Metal Materials(TOPM) Scandium Metal Product Offerings
7.7.5 Huizhou Top Metal Materials(TOPM) Recent Development
7.8 Hunan Rare Earth Metal Research Institute
7.8.1 Hunan Rare Earth Metal Research Institute Company Information
7.8.2 Hunan Rare Earth Metal Research Institute Introduction and Business Overview
7.8.3 Hunan Rare Earth Metal Research Institute Scandium Metal Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Hunan Rare Earth Metal Research Institute Scandium Metal Product Offerings
7.8.5 Hunan Rare Earth Metal Research Institute Recent Development
8 Industry Chain Analysis
8.1 Scandium Metal Industrial Chain
8.2 Scandium Metal Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Scandium Metal Sales Model
8.5.2 Sales Channel
8.5.3 Scandium Metal Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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