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Scandium Market Size, Share and Forecast 2026-2036

The global scandium market is worth USD 35 mn in 2026 and is forecast to reach USD 91 mn by 2036, growing at a 10.0% CAGR. United States is the largest country market and Scandium oxide is the largest by form segment.

USD 35 mnMarket size 2026
USD 91 mnForecast 2036
10.0%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global scandium market is worth USD 35 mn in 2026 and is forecast to reach USD 91 mn by 2036, growing at a 10.0% CAGR. United States is the largest country market and Scandium oxide is the largest by form segment.

ScopeScandium oxide and scandium-aluminium master alloys sold for aerospace alloys, solid-oxide fuel cells, lighting and electronics.
IndustryChemicals and Materials
Value 2025USD 32 mn
Value 2026USD 35 mn
Value 2036USD 91 mn
CAGR 2026-203610.0%
Volume 202638,119 kilograms
Volume 203689,506 kilograms
Average price 2026USD 923 per kilogram
Report priceStarts from USD 1,999
PublishedNovember 2026

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Scandium market size and forecast, 2026-2036

Exhibit 1The global scandium market is forecast to grow from USD 35 mn in 2026 to USD 91 mn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 10.0%
Scandium market value, 2025 to 2036Market value by year. 2025: USD 32 mn; 2026: USD 35 mn; 2027: USD 39 mn; 2028: USD 43 mn; 2029: USD 47 mn; 2030: USD 52 mn; 2031: USD 57 mn; 2032: USD 62 mn; 2033: USD 69 mn; 2034: USD 75 mn; 2035: USD 83 mn; 2036: USD 91 mn. Compound annual growth rate 2026 to 2036: 10.0%.202535 mn202657 mn203191 mn203610.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 35 mn
2027USD 39 mn
2028USD 43 mn
2029USD 47 mn
2030USD 52 mn
2031USD 57 mn
2032USD 62 mn
2033USD 69 mn
2034USD 75 mn
2035USD 83 mn
2036USD 91 mn

Scandium market segmentation

By form

Exhibit 2Scandium oxide is the largest segment by form, with 72.0% of 2026 revenueEstimated share of 2026 global revenue, by form
Scandium market share by form, 2026Share of 2026 revenue by form. Scandium oxide: 72.0%; Aluminium-scandium master alloy: 20.0%; Other scandium compounds and metal: 8.0%.Scandium oxide72.0%Aluminium-scandium master alloy20.0%Other scandium compounds and metal8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Scandium oxide72.0%67.3%USD 25 mn9.3%
Aluminium-scandium master alloy20.0%24.5%USD 7.0 mn12.3%
Other scandium compounds and metal8.0%8.2%USD 2.8 mn10.3%

By end use

Exhibit 3Aluminium-scandium alloys adds the most revenue by end use, growing from USD 15 mn in 2026 to USD 51 mn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Scandium market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Aluminium-scandium alloys: USD 15 mn in 2026, USD 51 mn in 2036, change +230%; Solid-oxide fuel cells: USD 11 mn in 2026, USD 24 mn in 2036, change +130%; Electronics and other: USD 4.9 mn in 2026, USD 10 mn in 2036, change +110%; Lighting and lasers: USD 4.2 mn in 2026, USD 5.5 mn in 2036, change +31%.20262036 forecastChangeAluminium-scandium alloys+230%15 mn51 mnSolid-oxide fuel cells+130%11 mn24 mnElectronics and other+110%4.9 mn10 mnLighting and lasers+31%4.2 mn5.5 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Aluminium-scandium alloys44.0%56.0%USD 15 mn12.7%
Solid-oxide fuel cells30.0%26.6%USD 11 mn8.7%
Lighting and lasers12.0%6.0%USD 4.2 mn2.7%
Electronics and other14.0%11.3%USD 4.9 mn7.7%

By purity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Standard purity (99%)46.0%42.0%USD 16 mn9.0%
High purity (99.9%)34.0%34.0%USD 12 mn10.0%
Ultra-high purity (99.99%+)20.0%24.0%USD 7.0 mn12.0%

By supply source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Titanium residue36.0%34.0%USD 13 mn9.4%
Red mud recovery22.0%24.0%USD 7.7 mn11.0%
Mine tailings24.0%24.0%USD 8.4 mn10.0%
Recycled18.0%18.0%USD 6.3 mn10.0%

By customer type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Aerospace alloy makers38.0%41.0%USD 13 mn10.8%
Fuel cell makers26.0%28.0%USD 9.2 mn10.8%
Lighting and laser firms14.0%12.0%USD 4.9 mn8.3%
Trading and research22.0%19.0%USD 7.7 mn8.4%

Top 25 countries for scandium by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 95.0% of 2026 revenue and the 25 countries below together hold 98.8%.

Exhibit 4United States is the largest country market at USD 9.9 mn in 2026, and the three largest countries hold 62.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Scandium market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 9.9 mn, 28.0%; China: USD 8.4 mn, 24.0%; Russia: USD 3.5 mn, 10.0%; Germany: USD 2.8 mn, 8.0%; Japan: USD 2.5 mn, 7.0%; France: USD 1.8 mn, 5.0%; Australia: USD 1.4 mn, 4.0%; South Korea: USD 1.4 mn, 4.0%; United Kingdom: USD 1.1 mn, 3.0%; Canada: USD 0.70 mn, 2.0%.United States9.9 mn 28.0%China8.4 mn 24.0%Russia3.5 mn 10.0%Germany2.8 mn 8.0%Japan2.5 mn 7.0%France1.8 mn 5.0%Australia1.4 mn 4.0%South Korea1.4 mn 4.0%United Kingdom1.1 mn 3.0%Canada0.70 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 9.9 mn28.0%USD 26 mn10.4%
2ChinaUSD 8.4 mn24.0%USD 25 mn11.4%
3RussiaUSD 3.5 mn10.0%USD 6.5 mn6.3%
4GermanyUSD 2.8 mn8.0%USD 6.9 mn9.4%
5JapanUSD 2.5 mn7.0%USD 5.5 mn8.3%
6FranceUSD 1.8 mn5.0%USD 4.3 mn9.3%
7AustraliaUSD 1.4 mn4.0%USD 3.7 mn10.3%
8South KoreaUSD 1.4 mn4.0%USD 3.7 mn10.3%
9United KingdomUSD 1.1 mn3.0%USD 2.6 mn9.2%
10CanadaUSD 0.70 mn2.0%USD 1.9 mn10.5%
11FinlandUSD 0.24 mn0.7%USD 0.66 mn10.5%
12NetherlandsUSD 0.20 mn0.6%USD 0.55 mn10.6%
13SwedenUSD 0.17 mn0.5%USD 0.46 mn10.7%
14NorwayUSD 0.14 mn0.4%USD 0.37 mn10.6%
15TaiwanUSD 0.12 mn0.3%USD 0.31 mn10.3%
16IsraelUSD 95 thousand0.3%USD 0.26 mn10.8%
17PolandUSD 77 thousand0.2%USD 0.22 mn11.0%
18BrazilUSD 67 thousand0.2%USD 0.18 mn10.6%
19AustriaUSD 53 thousand0.1%USD 0.15 mn10.7%
20SwitzerlandUSD 46 thousand0.1%USD 0.13 mn10.8%
21KazakhstanUSD 39 thousand0.1%USD 0.10 mn10.0%
22TurkeyUSD 32 thousand0.09%USD 82 thousand10.0%
23SpainUSD 25 thousand0.07%USD 73 thousand11.5%
24BelgiumUSD 21 thousand0.06%USD 55 thousand10.0%
25Czech RepublicUSD 18 thousand0.05%USD 46 thousand10.0%
Rest of worldUSD 0.43 mn1.2%USD 1.2 mn10.9%
Exhibit 5United States and China account for 59% of the USD 56 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Scandium market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 35 mn. United States: +USD 17 mn; China: +USD 16 mn; Germany: +USD 4.1 mn; Japan: +USD 3.0 mn; Russia: +USD 3.0 mn; 20 other countries: +USD 12 mn; Rest of world: +USD 0.77 mn. Market value 2036: USD 91 mn.Market value 202635 mnUnited States+17 mnChina+16 mnGermany+4.1 mnJapan+3.0 mnRussia+3.0 mn20 other countries+12 mnRest of world+0.77 mnMarket value 203691 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Rio Tinto
  • Rusal
  • Sumitomo Metal Mining
  • Nornickel

Group 2: Regional and specialist players

  • Treibacher Industrie
  • American Elements
  • Sunrise Energy Metals
  • Australian Strategic Materials
  • Hunan Oriental Scandium
  • Stanford Advanced Materials

Group 3: Emerging and niche players

  • Scandium International Mining
  • NioCorp

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the scandium market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 10.0% is calculated from the resulting values.

The market is divided by form, by end use, by purity, by supply source, by customer type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the scandium market?

The global scandium market is estimated at USD 32 mn in 2025 and USD 35 mn in 2026.

How fast will the scandium market grow?

It is forecast to reach USD 91 mn by 2036, a compound annual growth rate of 10.0% from 2026, an increase of USD 56 mn.

Which country is the largest market for scandium?

United States is the largest market by revenue at USD 9.9 mn in 2026, 28.0% of the global total. The three largest countries together hold 62.0%.

Which country is growing fastest?

Among the ten largest markets, China is growing fastest at 11.4% a year from 2026 to 2036.

Which scandium segment is largest?

In the by form split, Scandium oxide is the largest segment with 72.0% of 2026 revenue.

Who are the leading scandium companies?

Global leaders include Rio Tinto, Rusal, Sumitomo Metal Mining, Nornickel.

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