China Aluminum-scandium Alloys Market Global Outlook and Forecast 2024-2030

China Aluminum-scandium Alloys Market Global Outlook and Forecast 2024-2030

The China Aluminum-scandium Alloys market size was valued at US$ 65.8 million in 2024 and is projected to reach US$ 104.2 million by 2030, at a CAGR of 8.0% during the forecast period 2024-2030.

Aluminum-scandium Alloys are high-performance materials that combine aluminum with small amounts of scandium, offering enhanced strength, weldability, and corrosion resistance for aerospace, sports equipment, and advanced manufacturing applications.

China's Aluminum-scandium Alloys market is experiencing rapid growth, driven by increasing demand in aerospace and high-tech manufacturing sectors. In 2023, China produced approximately 850 metric tons of aluminum-scandium alloys, with 60% consumed domestically and 40% exported. The aerospace industry remains the largest consumer, accounting for 50% of demand, followed by sports equipment at 25% and 3D printing at 15%. The market saw a significant boost from China's push to develop its domestic aerospace industry, leading to a 30% increase in demand for high-strength, lightweight alloys in 2023. Technological advancements have focused on optimizing scandium content and processing techniques, with new alloys offering 25% higher strength-to-weight ratios compared to 2020 formulations while reducing scandium content by 15%. The market is witnessing strong growth in additive manufacturing applications, with aluminum-scandium powders for 3D printing increasing at 20% annually. In 2023, new government initiatives to support advanced materials development led to a 40% increase in R&D investments for scandium alloy technologies. The industry faces challenges from the high cost and limited availability of scandium, but ongoing efforts to develop scandium recovery from secondary sources are addressing supply concerns. Emerging applications in electric vehicle components are showing promise, growing at 25% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from China's focus on lightweight materials for next-generation aircraft, with aluminum-scandium alloys for commercial aviation projected to grow at 15% CAGR through 2030.

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This report contains market size and forecasts of Aluminum-scandium Alloys in China, including the following market information:

•   China Aluminum-scandium Alloys Market Revenue, 2019-2024, 2024-2030, ($ millions)

•   China Aluminum-scandium Alloys Market Sales, 2019-2024, 2024-2030,

•   China Top five Aluminum-scandium Alloys companies in 2023 (%)

Report Includes

This report presents an overview of China market for Aluminum-scandium Alloys , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Aluminum-scandium Alloys sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Aluminum-scandium Alloys market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•   2% Scandium

•   1.5% Scandium

•   Other

Segment by Applications

•   Automobile

•   Aerospace

•   Other

Key Companies covered in this report:

•   Aluminum Corporation of China Limited

•   Shandong Nanshan Aluminum Co., Ltd.

•   Jiangsu Alcha Aluminium Co., Ltd.

•   Shandong Weiqiao Aluminum and Power Co., Ltd.

•   Zhongwang Holdings Limited

•   Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd.

•   Guangdong Weiye Aluminium Factory Group Co., Ltd.

•   Foshan Nanhai Xingfa Aluminium Co., Ltd.

•   China Zhongwang Holdings Limited

•   Shanghai Metal Corporation

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•   Key companies Aluminum-scandium Alloys revenues in Chinan market, 2019-2024 (Estimated), ($ millions)

•   Key companies Aluminum-scandium Alloys revenues share in Chinan market, 2023 (%)

•   Key companies Aluminum-scandium Alloys sales in Chinan market, 2019-2024 (Estimated),

•   Key companies Aluminum-scandium Alloys sales share in Chinan market, 2023 (%)

Key Indicators Analysed

•   Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

•   Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

•   Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

•   Opportunities and Drivers: Identifying the Growing Demands and New Technology

•   Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•   Industry drivers, restraints, and opportunities covered in the study

•   Neutral perspective on the market performance

•   Recent industry trends and developments

•   Competitive landscape & strategies of key players

•   Potential & niche segments and regions exhibiting promising growth covered

•   Historical, current, and projected market size, in terms of value

•   In-depth analysis of the Aluminum-scandium Alloys Market

•   Overview of the regional outlook of the Aluminum-scandium Alloys Market

Key Reasons to Buy this Report:

•   Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

•   This enables you to anticipate market changes to remain ahead of your competitors

•   You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents

•   The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

•   Provision of market value (USD Billion) data for each segment and sub-segment

•   Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

•   Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

•   Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

•   Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

•   The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

•   Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

•   Provides insight into the market through Value Chain

•   Market dynamics scenario, along with growth opportunities of the market in the years to come

•   6-month post-sales analyst support

We offer additional regional and global reports that are similar:

•   Global Aluminum-scandium Alloys Market

•   United States Aluminum-scandium Alloys Market

•   Japan Aluminum-scandium Alloys Market

•   Germany Aluminum-scandium Alloys Market

•   South Korea Aluminum-scandium Alloys Market

•   Indonesia Aluminum-scandium Alloys Market

•   Brazil Aluminum-scandium Alloys Market

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