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Global Aluminium-Scandium Market Is Expected to Grow at a CAGR of 7.3% Will Reach USD 110 Million in 2024, from USD 70 Million in 2019

New Global Aluminium-Scandium Market 2024 Report Covers market forecast and top Companies like RUSAL, Intermix-met, KBM Master Alloys, Stanford Advanced Materials, HNRE and others.


Lewes, DE -- (SBWIRE) -- 05/21/2019 -- Global Aluminium-Scandium market is expected to grow at a CAGR of roughly 7.3% over the next five years, will reach 110 million USD in 2024, from 70 million USD in 2019.

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.

Scope of the Report:
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 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.

Market Segment by Manufacturers, this report covers
KBM Master Alloys
Stanford Advanced Materials
Hunan Oriental Scandium
Guangxi Maoxin
AMG Aluminum
Shanghai Diyang

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Al-Sc 2% Alloy

Market Segment by Applications, can be divided into
Defense & Aerospace
Consumer Goods

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Aluminium-Scandium product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Aluminium-Scandium, with price, sales, revenue and global market share of Aluminium-Scandium in 2017 and 2018.
Chapter 3, the Aluminium-Scandium competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Aluminium-Scandium breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Aluminium-Scandium market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Aluminium-Scandium sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Spanning over 138 pages "Forecast of Global Aluminium-Scandium Market 2024" report covers Market Overview, Manufacturers Profiles, Global Aluminium-Scandium Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018), Global Aluminium-Scandium Market Analysis by Regions, North America Aluminium-Scandium by Country, Europe Aluminium-Scandium by Country, Asia-Pacific Aluminium-Scandium by Country, South America Aluminium-Scandium by Country, Middle East and Africa Aluminium-Scandium by Countries, Global Aluminium-Scandium Market Segment by Type, Global Aluminium-Scandium Market Segment by Application, Aluminium-Scandium Market Forecast (2019-2024), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.

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