Los Angeles, CA -- (SBWire) -- 09/04/2019 --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.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties for Scandium Oxide industry. Attracted by the market profits, more and more companies have entered into Scandium Oxide industry, and the competition between manufacturers at home and abroad is fierce for the time being.
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Scandium Oxide demand has a certain space, but basically showing the scarcity of high-end products due to technology barrier and excess capacity of low-end products. There is increasing demand for high-end products.
Despite the presence of competition problems, due to the clear global economy recovery trend and industry profits, investors are still optimistic about this area; there will be more investments to enter the field.
The global Scandium Oxide market is valued at 57 million US$ in 2018 is expected to reach 120 million US$ by the end of 2025, growing at a CAGR of 10.2% during 2019-2025.
This report focuses on Scandium Oxide volume and value at global level, regional level and company level. From a global perspective, this report represents overall Scandium Oxide market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key Players of the Global Scandium Oxide Market
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
Global Scandium Oxide Market: Segmentation by Product
Scandium oxide 99.90%
Scandium oxide 99.99%
Scandium oxide 99.999%
Scandium oxide 99.9995%
Global Scandium Oxide Market: Segmentation by Application
Aluminum-Scandium Alloys
High-Intensity Metal Halide Lamps
Lasers
SOFCs
Others
Global Scandium Oxide Market: Segmentation by Region
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Table of Contents
Market Overview: The report begins with this section where product overview and highlights of product and application segments of the global Scandium Oxide market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.
Competition by Company: Here, the competition in the global Scandium Oxide market is analyzed, taking into consideration price, revenue, sales, and market share by company, market concentration rate, competitive situations and trends, expansion, merger and acquisition, and market shares of top 5 and 10 companies.
Company Profiles and Sales Data: As the name suggests, this section gives the sales data of key players of the global Scandium Oxide market as well as some useful information on their business. It talks about the gross margin, price, revenue, products and their specifications, applications, competitors, manufacturing base, and the main business of players operating in the global Scandium Oxide market.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Scandium Oxide market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This part of the research study shows how different application segments contribute to the global Scandium Oxide market.
Market Forecast: Here, the report offers complete forecast of the global Scandium Oxide market by product, application, and region. It also offers global sales and revenue forecast for all years of the forecast period.
Upstream Raw Materials: The report provides analysis of key raw materials used in the global Scandium Oxide market, manufacturing cost structure, and the industrial chain.
Marketing Strategy Analysis and Distributors: This section offers analysis of marketing channel development trends, indirect marketing, and direct marketing followed by a broad discussion on distributors and downstream customers in the global Scandium Oxide market.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
Appendix: Here, we have provided a disclaimer, our data sources, data triangulation, market breakdown, research programs and design, and our research approach.
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Global Scandium Oxide Market Will Reach 120 Million US$ by 2025: Top Key Players Rusal, DNI Metals, Intermix-Met, CODOS