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Scandium Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

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Scandium Market size is valued at $69.7 million in 2019 growing at a CAGR over 10% to reach the market size of $104 million in 2025. Growing use in solid oxide fuel cells (SOFCs) and rising demand for aluminum-scandium alloys are the major factors driving the scandium industry. Nonetheless, lack of awareness, high cost, and erratic supply limit market growth. In lamps used in film and photography, scandium iodide is used as it helps in generate light that is similar in tone to sunlight. It is also used for the same reason in metal-halide lamps, which due to their higher efficiency are increasingly being used instead of mercury-vapor lamps. Scandium is a pure, slightly soft, silvery metal. It is relatively stable in air, but due to surface formation it will slowly change its color from silvery white to a yellowish appearance. The metal dissolves gradually in diluted acids – except for hydrofluoric acid (HF), in which a protective layer of trifluoride prevents further reaction. Request ...