#Aluminium-Scandium future market

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Global Aluminium-Scandium Market Research Report 2019 Aluminium-Scandium Market Report Pro Market Statistics published a new research publication on “Aluminium-Scandium Market Insights, to 2024” with enriched with self-explained Tables and contents and charts in presentable format.

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Global Amines for Natural Gas Market Expected to Witness a Sustainable Growth over 2013-2025 -  QY Research

This report studies the Aluminium-Scandium market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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.

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 global Aluminium-Scandium market was 70 million US$ in 2017 and is expected to 120 million US$ by the end of 2025, growing at a CAGR of 7.3% between 2018 and 2025.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Aluminium-Scandium in these regions, from 2013 to 2025, covering

   North America (United States, Canada and Mexico)

   Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

   Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

   South America (Brazil etc.)

   Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

   RUSAL

   Intermix-met

   KBM Master Alloys

   Stanford Advanced Materials

   HNRE

   Hunan Oriental Scandium

   Guangxi Maoxin

   AMG Aluminum

   Codos

   TOPM

   Shanghai Diyang

By the product type, the market is primarily split into

   Al-Sc 2% Alloy

   Others

By the end users/application, this report covers the following segments

   Defense & Aerospace

   Transportation

   Consumer Goods

   Other

The study objectives of this report are:

   To study and analyze the global Aluminium-Scandium market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.

   To understand the structure of Aluminium-Scandium market by identifying its various subsegments.

   To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

   Focuses on the key global Aluminium-Scandium manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

   To analyze the Aluminium-Scandium with respect to individual growth trends, future prospects, and their contribution to the total market.

  To project the value and volume of Aluminium-Scandium submarkets, with respect to key regions (along with their respective key countries).

   To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

   To strategically profile the key players and comprehensively analyze their growth strategies.

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