Global Scandium Oxide Market Insights and Forecast to 2028

Scandium (III) oxide, Sc2O3, is a high melting rare earth oxide. Scandium oxide appears as a free flowing white powder. It is used in the preparation of other scandium compounds as well as in high-temperature systems (for its resistance to heat and thermal shock), electronic ceramics, and glass composition (as a helper material). Principal uses for scandium oxide are in solid oxide fuel cells (SOFC’s), high-strength aluminum alloys, high intensity metal halide lamps, electronics, and laser research.

Scandium oxide is the primary form of refined scandium produced by the mining industry. Scandium-rich ores, such as thortveitite (Sc,Y)2(Si2O7) and kolbeckite ScPO4·2H2O are rare, however trace amounts of scandium are present in many other minerals. Scandium oxide is therefore predominately produced as a by-product from the extraction of other elements.
Market Analysis and Insights: Global Scandium Oxide Market
Due to the COVID-19 pandemic, the global Scandium Oxide market size is estimated to be worth US$ 69 million in 2022 and is forecast to a readjusted size of US$ 85 million by 2028 with a CAGR of 3.6% during the review period. Fully considering the economic change by this health crisis, Scandium Oxide 99.90% accounting for % of the Scandium Oxide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aluminum-Scandium Alloys segment is altered to an % CAGR throughout this forecast period.
The global Scandium Oxide consumption market is led by Europe. Europe is the largest region consumption market, accounting for about 37% market share.
The main manufacturers are Rusal, Stanford Materials, Metallica Minerals, Platina Resources, Scandium International Mining, DNI Metals, Great Western Minerals Group, Intermix-Met, CODOS, Hunan Oriental Scandium, Huizhou Top Metal Materials (TOPM), CNMC Pgma (Guangxi), Ganzhou Kemingrui etc. Rusal is the largest manufacturer with about 10% market share.
In terms of production side, this report researches the Scandium Oxide capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Scandium Oxide by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Scandium Oxide Scope and Segment
Scandium Oxide market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Scandium Oxide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Scandium Oxide 99.90%
Scandium Oxide 99.99%
Scandium Oxide 99.999%
Scandium Oxide 99.9995%
Segment by Application
Aluminum-Scandium Alloys
High-Intensity Metal Halide Lamps
Lasers
SOFCs
Others
By Company
Rusal
Stanford Materials
Metallica Minerals
Platina Resources
Scandium International Mining
DNI Metals
Great Western Minerals Group
Intermix-Met
CODOS
Hunan Oriental Scandium
Huizhou Top Metal Materials (TOPM)
CNMC Pgma (Guangxi)
Ganzhou Kemingrui
Production by Region
North America
Australia
Russia
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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