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Aluminium-Scandium Market Analysis and In-depth Research on Size, Trends, Emerging Growth Factors and Forecasts 2024

Global

Report Title: – Aluminium-Scandium Market Analysis by Key Manufacturers, Production Overview, Supply Demand and Shortage, Recent, Trends, Growth, Regional Outlook and Forecast 2019-2024

Aluminium-Scandium Market report covers detailed competitive outlook including the Market share and company profiles of the key participants operating in the Market.

The chemical composition of the aluminium-scandium master-alloy is 2% scandium and the balance is 99.7% aluminium. The master alloy is used to add scandium to Al-Mg-Zr containing alloys, which are used in the form of sheet and plate. These sheets and plates are mainly used by aircraft manufactures. The scandium content in the aluminium sheet and plate varies from 0.2-0.4% scandium.Aluminium scandium containing alloys combine high strength, ductility, weld-ability, improved corrosion resistance and a lower density (as a result of the magnesium in the alloy). The combination of all these properties makes aluminium-scandium containing alloys extremely suitable for aerospace industry.

Aluminium-Scandium Market 2024, presents critical information and factual data about the Aluminium-Scandium Market globally, providing an overall statistical study of the Aluminium-Scandium Market on the basis of market drivers, Aluminium-Scandium Market limitations, and its future prospects. The prevalent Aluminium-Scandium Market trends and opportunities are also taken into consideration in Aluminium-Scandium industry study.

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Aluminium-Scandium Market Scope: –

The market of Aluminium-Scandium is concentrated. Of the 2017 global market, the top 11 companies, all multinational, account for about 82.64% of sales. RUSAL is by far the leader, with nearly 24.74% of the market. As major suppliers are seeking to expand global presence, the market concentration is estimated to increase in the coming 5 years.Production of Scandium and Aluminium-Scandium is mainly concentrated in Europe and China. Russia is the main production area especially. For consumption market, it is estimated North America, Europe, China and Japan are key market, with combined market share reached to 95.47% in 2017.Scandium acts as a grain-refiner and hardener of aluminum alloys. Aluminum-scandium alloys combine high strength, ductility, weldability, improved corrosion resistance and a lower density. The combination of all these properties makes aluminum-scandium alloys well-suited for the aerospace, automotive and defense industries. Defense & Aerospace takes 82.71% share of 2017 alloy market. Applications of aluminum-scandium alloys include consumer products such as baseball bats, golf club heads and high-end bicycle wheel rims. However, the price of Al-Sc master alloys is still too high for most commercial applications.The worldwide market for Aluminium-Scandium is expected to grow at a CAGR of roughly 7.3% over the next five years, will reach 110 million US$ in 2024, from 70 million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Aluminium-Scandium in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Aluminium-Scandium Market 2024 report has Forecasted Compound Annual Growth Rate (CAGR) in % value for a particular period for Aluminium-Scandium Market, that will help the user to take decision based on futuristic chart. The report also includes key players in Aluminium-Scandium Market. The Aluminium-Scandium Market size is estimated in terms of revenue (US$) and production volume in this report. Whereas the Aluminium-Scandium Market key segments and the geographical distribution across the globe is also deeply analyzed.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players

Top Key Players Included:

  • RUSAL
  • Intermix-met
  • KBM Master Alloys
  • Stanford Advanced Materials
  • HNRE
  • Hunan Oriental Scandium
  • Guangxi Maoxin
  • AMG Aluminum
  • Codos
  • TOPM
  • Shanghai Diyang

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The research report gives an overview of the Aluminium-Scandium industry on by analyzing various key segments of this Aluminium-Scandium Market based on the product types, application, and end-use industries, Aluminium-Scandium Market scenario. The regional distribution of the Aluminium-Scandium Market is across the globe are considered for this Aluminium-Scandium industry analysis, the result of which is utilized to estimate the performance of the Aluminium-Scandium Market over the period from 2014 to forecasted year.

The Aluminium-Scandium Market has been segmented as below:

By Product Analysis:

  • Al-Sc 2% Alloy
  • Others

By End Users/Applications Analysis:

  • Defense & Aerospace
  • Transportation
  • Consumer Goods
  • Other

By Regional Analysis:

North America: United States, Canada, and Mexico.

South & Central America: Argentina, Chile, and Brazil.

Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.

Europe: UK, France, Italy, Germany, Spain, and Russia.

Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

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All aspects of the Aluminium-Scandium industry are quantitatively as well as qualitatively assessed to study the as well as regional Aluminium-Scandium Market comparatively. The basic information such as the definition of the Aluminium-Scandium Market, prevalent Aluminium-Scandium industry chain, and the government regulations pertaining to the Aluminium-Scandium Market are also discussed in the report.

The product range of the Aluminium-Scandium Market is examined on the basis of their production chain, Aluminium-Scandium Market pricing of products, and the profit generated by them. Various regional Aluminium-Scandium Market are analyzed in this report and the production volume and efficacy of the Aluminium-Scandium industry across the world is also discussed.

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