Scandium Market - Overview, Industry Growth, Size & Forecast
Growing demand for Scandium for the production of SOFCs, spacecraft, aircraft, drones & cars, and ongoing government projects is factors to drive the demand for the global scandium market in the forecast period, 2024-2028. According to TechSci Research report, “Global Scandium Market- By Region, Competition Forecast and Opportunities, 2018-2028” , the global Scandium market is projected to grow at an impressive rate in the forecast period 2024-2028. The Important Factors of the Scandium Market Increasing demand from the aerospace and power generation sector is the primary reason driving the market's growth of scandium. High conductivity and anti-corrosion of an aluminum-scandium alloy than other alloys are driving the demand for scandium to m high voltage tension wires as different electrical infrastructure projects are growing worldwide. Shortage of raw materials and disturbance in the supply chain are primary obstruct to the market growth of th...