Aluminumscandium Alloys Market
Aluminum-scandium Alloys Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Aluminum-scandium Alloys Market Size and Growth
The Aluminum-Scandium Alloys market is experiencing steady growth, driven by increasing demand in aerospace and defense sectors. The global market size is projected to reach approximately $XXX million by 2025, reflecting a CAGR of X%. Key trends include advancements in production technologies and rising applications in lightweight structures and sports equipment.
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Companies Covered
(Covid 19 Impact Covered)
◍ Rusal
◍ Stanford Materials Corp.
◍ Metallica Minerals
◍ Platina Resources Ltd.
◍ Scandium International Mining Corp.
◍ DNI Metals Inc.
◍ Sumitomo Metal Mining (SMM)
◍ MCC
◍ CODOS
◍ Hunan Oriental Scandium Co. Ltd.
◍ Huizhou Top Metal Materials Co., Ltd (TOPM)
◍ Rongjiayu Technology
The Aluminum-scandium alloys market features key players like Rusal, Stanford Materials Corp., and Scandium International Mining Corp., driving growth through innovative applications in aerospace, automotive, and sports equipment. Companies utilize these alloys for enhanced strength and lightweight properties, promoting market expansion. Notable sales figures include Rusal: ~$10 billion and SMM: ~$14 billion.
Market Segmentation
By Application
Automobile
Aerospace
Other
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By Product
2% Scandium
1.5% Scandium
Other
Market Growth
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$ X Billion USD
