How Big is the Scandium Market | Industry Trends & Forecast 2025

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Code: MTA8816

Publication Date: Sep 2025

How Big is the Scandium Market?

According to 6Wresearch internal database and industry insights, the Global Scandium Market was valued at USD 0.15 Billion in 2024 and is expected to reach USD 0.22 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).

Rising applications in aerospace alloys and solid oxide fuel cells, and with high-performance sports equipment and along with increasing research in aluminum-scandium alloys are driving market growth.

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Key Growth Drivers of the Scandium Market

Growing use of scandium-aluminum alloys in aerospace and automotive industries.
Increasing adoption in solid oxide fuel cells for cleaner energy production.
Growing demand for high-performance products and sports equipment.
Technological advancements in scandium extraction and refining processes.
Expansion of research in additive manufacturing and 3D-printed scandium alloys.
Increasing investments by material science companies to develop lightweight and strong alloys.

Scandium Market Trends

The Scandium Market is expanding significantly due to factors like the growing use of scandium-aluminum alloys for applications requiring high strength and low weight. Fuel-efficient designs are becoming more and more in demand in the automotive and aerospace industries. Solid oxide fuel cell adoption is gaining traction as a clean energy solution. High-performance sporting goods and military applications are gaining popularity. Mining companies and alloy manufacturers work together to optimize the supply chain. An increasing focus on sustainable and efficient production methods is influencing the market.

Emerging Developments in the Scandium Market

Scandium Market is accelerating with innovations in extraction and refining techniques for higher purity and yield. R&D in scandium-aluminum alloys is enabling stronger and lighter materials for aerospace and automotive use. Demand is increasing as solid oxide fuel cell applications grow. Mining firms and alloy producers are increasingly forming strategic alliances. Market potential is being increased by new applications in 3D printing and additive manufacturing. Continuous efforts are being made to lower production costs and increase accessibility. The market is expanding as a result of industrial partnerships and advanced application pilot projects.