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South Korea Aluminium-Scandium Market Driving the Growth, Current Trends

According to a new research report titled Aluminium-Scandium Market Global Industry Perspective, Comprehensive Analysis And Forecast by 2021 – 2025

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The latest report on the Aluminium-Scandium Market 2021 industry takes a closer look at the value chain assessment for the forecast period, 2021 to 2025. 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.

Global Aluminium-Scandium market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of XX between 2021 and 2025.

Get a Sample PDF copy of Aluminium-Scandium Market @ https://reportsinsights.com/sample/270735

Key Competitors of the Global Aluminium-Scandium Market are:
RUSAL, Intermix-met, KBM Master Alloys, Stanford Advanced Materials, HNRE, Hunan Oriental Scandium, Guangxi Maoxin, AMG Aluminum, Codos, TOPM, Shanghai Diyang

The ‘Global Aluminium-Scandium Market Research Report’ is a comprehensive and informative study on the current state of the Global Aluminium-Scandium Market industry with emphasis on the global industry. The report presents key statistics on the market status of the global Aluminium-Scandium market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Major Product Types covered are:

Al-Sc 2% Alloy
Others

Major Applications of Aluminium-Scandium covered are:

Defense & Aerospace
Transportation
Consumer Goods
Other

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Regional Aluminium-Scandium Market (Regional Output, Demand & Forecast by Countries):-
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.

The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.

Key Questions answered by the Report

  • What will be the growth rate of the Global Aluminium-Scandium Market 2021 for the forecast period 2021 to 2025?
  • What will be the market size during this estimated period?
  • What will be the growth areas within the market space and where should the participant focus to gain maximum ROI?
  • Who are the prominent industries players dominating the Global Aluminium-Scandium Market and what are their business strategies to stay ahead in the competition against their rivals?
  • What are kind of challenges hindering the development of the industry worldwide?
  • Competitive landscape of the Global Aluminium-Scandium Market
  • What are the opportunities business owners can rely upon to earn more profits and stay competitive during the estimated period?
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards Global Aluminium-Scandium market performance

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://reportsinsights.com/industry-forecast/Aluminium-Scandium-Market-270735

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