유럽의 스칸듐 시장 예측 : 지역별 분석-유도체별, 용도별(-2031년)

The Europe scandium market was valued at US$ 56.81 million in 2023 and is expected to reach US$ 382.80 million by 2031; it is estimated to record a CAGR of 26.9% from 2023 to 2031.

Burgeoning Demand for Aluminum-Scandium Alloys in Aerospace & Defense Sector Fuel Cells Boost Europe Scandium Market

Aluminum-scandium alloys, known for their exceptional strength-to-weight ratio, corrosion resistance, and high-temperature stability, have emerged as preferred materials for manufacturing critical components for aircraft and military applications. In the aerospace industry, lightweight materials are crucial for improving fuel efficiency and enhancing aircraft performance. Aluminum-scandium alloys enable the production of lighter and stronger airframes, engine components, and structural parts, contributing to increased payload capacity and extended service life of aircraft. Owing to the robust growth and technological advancements in the aerospace sector, the demand for aluminum-scandium alloys is poised to surge in the coming years.

In the manufacturing of products used in the defense sector, wherein durability, reliability, and performance are paramount, aluminum-scandium alloys are preferred for their ability to withstand harsh operating conditions and provide enhanced ballistic protection. These alloys find applications in military aircraft, armored vehicles, missiles, and munitions, where lightweight yet resilient materials are essential for maintaining operational superiority and ensuring mission success. In January 2024, the Defense Ministry of Indonesia signed a contract to buy 18 Rafale fighter jets from France. According to the Stockholm International Peace Research Institute (SIPRI), total global military expenditure increased by 3.7% in 2022 to reach a new high of US$ 2,240 billion. The US, China, and Russia were the three largest spenders in 2022 as they together accounted for 56% of the global total. The demand for aluminum-scandium alloys is expected to surge worldwide with the increasing defense budgets and acceleration of modernization efforts. The soaring demand from the aerospace & defense sector highlights the indispensable role of this metal and its alloys in enhancing the performance and capabilities of advanced products manufactured for this sector.

Europe Scandium Market Overview

The scandium market growth in Europe is attributed to the region's robust industrial landscape and technological advancements. Scandium holds significant potential for the aerospace, automotive, electronics, clean energy, and defense industries. The aerospace & defense sectors in European countries generate a significant demand for scandium-containing alloys due to their lightweight, high-strength properties; these alloys are used in aircraft components, missile systems, and military equipment, contributing to improved performance, fuel efficiency, and durability. The automotive industry in Europe is increasingly adopting scandium-aluminum alloys to produce lightweight and fuel-efficient vehicles. The growing electronics & semiconductors sector in Europe is creating a significant demand for scandium, driven by its critical role in enhancing the performance, efficiency, and reliability of electronic products as well as the versatility exhibited by scandium-containing materials in advanced electronic devices and semiconductor manufacturing processes.

As Europe continues to establish itself as a hub for technological innovation and manufacturing excellence, the demand for scandium is poised to rise further in the coming years. In addition, in semiconductor manufacturing, scandium oxide is used as a dopant to improve the conductivity and stability of semiconductor materials. Scandium-doped semiconductors enable the development of faster, more energy-efficient electronic devices with enhanced performance characteristics, which support high-speed computing, data processing, and telecommunications applications. The European Commission passed the EU Chips Act in April 2023 with an aim to double Europe's share in global chip production by 2030 by mobilizing US$ 47 billion in public and private investment. The plan included the expansion of advanced chip manufacturing technology and R&D facilities. As Europe ramps up its efforts to reduce reliance on foreign semiconductor suppliers and establish a robust domestic production ecosystem, the demand for scandium is expected to surge. This trend is driven by the need for high-quality materials that meet the stringent requirements of advanced semiconductor manufacturing processes. Further, the 5G for Europe Action Plan of the European Commission (EC) is a blueprint for private and public investments in 5G infrastructure in the EU. As the deployment of 5G networks accelerates across the continent, the demand for high-performance electronic components, particularly in the telecommunications sector, is on the rise. With its unique properties, scandium is poised to play a significant role in meeting the stringent requirements of 5G technology, thereby driving up demand for this rare earth element. Scandium's ability to enhance the conductivity and durability of materials makes it particularly valuable in the production of various components essential for 5G infrastructure. These include antennas, amplifiers, and other critical parts of telecommunications equipment. With 5G technology promising faster data speeds, lower latency, and increased network capacity, the demand for advanced materials that can support these capabilities is growing rapidly. Scandium's use in improving electronic device performance and ensuring telecommunications network reliability positions it as a key material in the 5G ecosystem.

Europe Scandium Market Revenue and Forecast to 2031 (US$ Million)

Europe Scandium Market Segmentation

The Europe scandium market is categorized into type, application, and country.

Based on type, the Europe scandium market is segmented into oxide, iodide, alloy, zirconia, and others. The oxide segment held the largest market share in 2023.

By application, the Europe scandium market is segmented into aerospace and defense, solid oxide fuel cells, electronics, ceramics, lighting, nuclear applications, 3D printing, and others. The others segment held the largest market share in 2023.

By country, the Europe scandium market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe scandium market share in 2023.

American Elements Inc, Rio Tinto Ltd, Scandium International Mining Corporation, and Hunan Oriental Scandium Co Ltd. are some of the leading companies operating in the Europe scandium market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Europe Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. Europe Scandium Market Landscape

• 4.1 Overview
• 4.2 Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Buyers
  • 4.2.2 Bargaining Power of Suppliers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Threat of Substitutes
  • 4.2.5 Intensity of Competitive Rivalry
• 4.3 Ecosystem Analysis
  • 4.3.1 Mining
  • 4.3.2 Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 End Users

5. Europe Scandium Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increasing Adoption of Solid Oxide Fuel Cells
  • 5.1.2 Burgeoning Demand for Aluminum-Scandium Alloys in Aerospace & Defense Sector
  • 5.1.3 Rising Demand from 3D Printing Industry
• 5.2 Market Restraints
  • 5.2.1 High Cost
• 5.3 Market Opportunities
  • 5.3.1 Advancements in Extraction and Processing Methods
• 5.4 Future Trends
  • 5.4.1 Surging Popularity of Electric Vehicles
• 5.5 Impact of Drivers and Restraints:

6. Scandium Market - Europe Market Analysis

• 6.1 Europe Scandium Market Volume (Tons), 2020-2031
• 6.2 Scandium Market Volume Forecast and Analysis (Tons)
• 6.3 Scandium Market Revenue (US$ Million), 2020-2031
• 6.4 Scandium Market Revenue Forecast and Analysis (U$ Million)

7. Europe Scandium Market Volume and Revenue Analysis - by Derivative

• 7.1 Oxide
  • 7.1.1 Overview
  • 7.1.2 Oxide: Scandium Market - Volume and Forecast to 2031 (Tons)
  • 7.1.3 Oxide: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 Iodide
  • 7.2.1 Overview
  • 7.2.2 Iodide: Scandium Market - Volume and Forecast to 2031 (Tons)
  • 7.2.3 Iodide: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 7.3 Alloy
  • 7.3.1 Overview
  • 7.3.2 Alloy: Scandium Market - Volume and Forecast to 2031 (Tons)
  • 7.3.3 Alloy: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 7.4 Zirconia
  • 7.4.1 Overview
  • 7.4.2 Zirconia: Scandium Market - Volume and Forecast to 2031 (Tons)
  • 7.4.3 Zirconia: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others: Scandium Market - Volume and Forecast to 2031 (Tons)
  • 7.5.3 Others: Scandium Market - Revenue and Forecast to 2031 (US$ Million)

8. Europe Scandium Market Revenue Analysis - by Application

• 8.1 Aerospace and Defense
  • 8.1.1 Overview
  • 8.1.2 Aerospace and Defense: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Solid Oxide Fuel Cells
  • 8.2.1 Overview
  • 8.2.2 Solid Oxide Fuel Cells: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Electronics
  • 8.3.1 Overview
  • 8.3.2 Electronics: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.4 Ceramics
  • 8.4.1 Overview
  • 8.4.2 Ceramics: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.5 Lighting
  • 8.5.1 Overview
  • 8.5.2 Lighting: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.6 Nuclear Applications
  • 8.6.1 Overview
  • 8.6.2 Nuclear Applications: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.7 3D Printing
  • 8.7.1 Overview
  • 8.7.2 3D Printing: Scandium Market - Revenue and Forecast to 2031 (US$ Million)
• 8.8 Others
  • 8.8.1 Overview
  • 8.8.2 Others: Scandium Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Scandium Market - Country Analysis

• 9.1 Europe Scandium Market Revenue and Forecast and Analysis - by Country
  • 9.1.1.1 Europe Scandium Market Volume and Forecast and Analysis - by Country
  • 9.1.1.2 Europe Scandium Market Revenue and Forecast and Analysis -by Country
  • 9.1.1.3 Germany Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.3.1 Germany Scandium Market Breakdown by Derivative
  • 9.1.1.4 France Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.4.1 France Scandium Market Breakdown by Derivative
  • 9.1.1.5 Italy Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.5.1 Italy Scandium Market Breakdown by Derivative
  • 9.1.1.6 United Kingdom Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.6.1 United Kingdom Scandium Market Breakdown by Derivative
  • 9.1.1.7 Russia Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.7.1 Russia Scandium Market Breakdown by Derivative
  • 9.1.1.8 Rest of Europe Scandium Market - Revenue and Forecast to 2031 (US$ Million)
    • 9.1.1.8.1 Rest of Europe Scandium Market Breakdown by Derivative

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players
• 10.2 Company Positioning & Concentration

11. Company Profiles

• 11.1 American Elements Inc
  • 11.1.1 Key Facts
  • 11.1.2 Business Description
  • 11.1.3 Products and Services
  • 11.1.4 Financial Overview
  • 11.1.5 SWOT Analysis
  • 11.1.6 Key Developments
• 11.2 Rio Tinto Ltd
  • 11.2.1 Key Facts
  • 11.2.2 Business Description
  • 11.2.3 Products and Services
  • 11.2.4 Financial Overview
  • 11.2.5 SWOT Analysis
  • 11.2.6 Key Developments
• 11.3 Scandium International Mining Corporation
  • 11.3.1 Key Facts
  • 11.3.2 Business Description
  • 11.3.3 Products and Services
  • 11.3.4 Financial Overview
  • 11.3.5 SWOT Analysis
  • 11.3.6 Key Developments
• 11.4 Hunan Oriental Scandium Co Ltd
  • 11.4.1 Key Facts
  • 11.4.2 Business Description
  • 11.4.3 Products and Services
  • 11.4.4 Financial Overview
  • 11.4.5 SWOT Analysis
  • 11.4.6 Key Developments

12. Appendix

• 12.1 About The Insight Partners