Categories: Chemicals And Materials
The global Aluminium-Scandium market was valued at 69.79 Million USD in 2020 and will grow with a CAGR of 6.45% from 2020 to 2027
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. RUSAL was the world`s biggest manufacturer in the Aluminium-Scandium industry, accounted for 22% revenue market share of the global market, followed by Intermix-met, KBM Master Alloys, Stanford Advanced Materials, HNRE, Hunan Oriental Scandium, Guangxi Maoxin, AMG Aluminum, Codos, TOPM, Shanghai Diyang.The top 5 companies had a combined market share of 63% of the global total.Europe was the largest consumption area in the world in 2018.
The latest report of the global Aluminium-Scandium industry is projected to exhibit a healthy market expansion during the forecast period of 2021 to 2028. The research report provides a thorough analysis of the market which helps entrepreneurs, stakeholders, and field, marketing people. The research report includes a coherent knowledge of prominent competency of the different activities affected due to the technology revolution. Additionally, the determination of different intangible components such as gross margin, profit demand and supply, customer expenditure, and distribution channel.
The global Aluminium-Scandium market is set to register a significant market expansion during the forecast period owing to the growing popularity in recent years. Prominently the report evaluates the market with advanced research methodologies. Moreover, the research specifies the market share occupied by the major players and offers a comprehensive examination of the increasing investment pocket in the global market. However, the stringent regulatory regulations and fluctuating raw material prices is expected to restrain the growth of the global Aluminium-Scandium market during the review period.
With the expanding number of COVID-19 diseases universally, limitations on various development on Aluminium-Scandium market are expanding. As the worldwide economy battles with the pandemic circumstance, its effect on the worldwide exchange and store network is becoming inferable from the quick debilitating of worldwide speculation streams. Severe regulation measures forced by administrations of different nations and preventive measures to control the impact of the incidence have prompted a critical limitation in transportation, driving a thump on impact internationally. This is encouraging an interest and supply hole, consequently bringing about diminished creation of stress help supplements. This pattern is required to keep inferable from the vulnerability in the worldwide Aluminium-Scandium market and measures to address the inventory/request lop-sidedness.
The global Aluminium-Scandium market has been divided into the collection of segments in terms of product type, application, and consumer preference.
The determination of the different segments is useful in getting clarity about the growth areas and viable opportunities in the Aluminium-Scandium market for the forecast period, 2021 to 2028. Based on Product type the global market has been classified into Al-Sc 2% Alloy.
In terms of the application segment, the global market has been categorized into Defense & Aerospace, Transportation, Consumer Goods.
Geographically, the report on the Aluminium-Scandium Market has been classified into Asia-Pacific, North America, Europe, and the rest of the world. Moreover, the increasing requirement for the development of modernization of Aluminium-Scandium implements is anticipated to create lucrative opportunities for the market during the review period.
The players accounted for a major company share in the global Aluminium-Scandium market owing to their huge production facilities, global revenue base, accessibility of raw materials (mineral reserves), and global distribution network. Furthermore, the adoption of various market plans of actions such as R&D, winning strategies, agreements, partnerships, joint ventures, and product launches is evaluated to benefit these players increase maximum revenue, and long-term advancement during the forecast period. The major players in the global Aluminium-Scandium market include RUSAL, Intermix-met, KBM Master Alloys, Stanford Advanced Materials, HNRE, Hunan Oriental Scandium, Guangxi Maoxin, AMG Aluminum, Codos, TOPM, Shanghai Diyang .
Historical Data:2017 - 2019
No of Pages:100