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.
| Scope | Scandium oxide and scandium-aluminium master alloys sold for aerospace alloys, solid-oxide fuel cells, lighting and electronics. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 32 mn |
| Value 2026 | USD 35 mn |
| Value 2036 | USD 91 mn |
| CAGR 2026-2036 | 10.0% |
| Volume 2026 | 38,119 kilograms |
| Volume 2036 | 89,506 kilograms |
| Average price 2026 | USD 923 per kilogram |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Scandium market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Scandium market segmentation
By form
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Scandium oxide | 72.0% | 67.3% | USD 25 mn | 9.3% |
| Aluminium-scandium master alloy | 20.0% | 24.5% | USD 7.0 mn | 12.3% |
| Other scandium compounds and metal | 8.0% | 8.2% | USD 2.8 mn | 10.3% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Aluminium-scandium alloys | 44.0% | 56.0% | USD 15 mn | 12.7% |
| Solid-oxide fuel cells | 30.0% | 26.6% | USD 11 mn | 8.7% |
| Lighting and lasers | 12.0% | 6.0% | USD 4.2 mn | 2.7% |
| Electronics and other | 14.0% | 11.3% | USD 4.9 mn | 7.7% |
By purity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Standard purity (99%) | 46.0% | 42.0% | USD 16 mn | 9.0% |
| High purity (99.9%) | 34.0% | 34.0% | USD 12 mn | 10.0% |
| Ultra-high purity (99.99%+) | 20.0% | 24.0% | USD 7.0 mn | 12.0% |
By supply source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Titanium residue | 36.0% | 34.0% | USD 13 mn | 9.4% |
| Red mud recovery | 22.0% | 24.0% | USD 7.7 mn | 11.0% |
| Mine tailings | 24.0% | 24.0% | USD 8.4 mn | 10.0% |
| Recycled | 18.0% | 18.0% | USD 6.3 mn | 10.0% |
By customer type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Aerospace alloy makers | 38.0% | 41.0% | USD 13 mn | 10.8% |
| Fuel cell makers | 26.0% | 28.0% | USD 9.2 mn | 10.8% |
| Lighting and laser firms | 14.0% | 12.0% | USD 4.9 mn | 8.3% |
| Trading and research | 22.0% | 19.0% | USD 7.7 mn | 8.4% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 9.9 mn | 28.0% | USD 26 mn | 10.4% |
| 2 | China | USD 8.4 mn | 24.0% | USD 25 mn | 11.4% |
| 3 | Russia | USD 3.5 mn | 10.0% | USD 6.5 mn | 6.3% |
| 4 | Germany | USD 2.8 mn | 8.0% | USD 6.9 mn | 9.4% |
| 5 | Japan | USD 2.5 mn | 7.0% | USD 5.5 mn | 8.3% |
| 6 | France | USD 1.8 mn | 5.0% | USD 4.3 mn | 9.3% |
| 7 | Australia | USD 1.4 mn | 4.0% | USD 3.7 mn | 10.3% |
| 8 | South Korea | USD 1.4 mn | 4.0% | USD 3.7 mn | 10.3% |
| 9 | United Kingdom | USD 1.1 mn | 3.0% | USD 2.6 mn | 9.2% |
| 10 | Canada | USD 0.70 mn | 2.0% | USD 1.9 mn | 10.5% |
| 11 | Finland | USD 0.24 mn | 0.7% | USD 0.66 mn | 10.5% |
| 12 | Netherlands | USD 0.20 mn | 0.6% | USD 0.55 mn | 10.6% |
| 13 | Sweden | USD 0.17 mn | 0.5% | USD 0.46 mn | 10.7% |
| 14 | Norway | USD 0.14 mn | 0.4% | USD 0.37 mn | 10.6% |
| 15 | Taiwan | USD 0.12 mn | 0.3% | USD 0.31 mn | 10.3% |
| 16 | Israel | USD 95 thousand | 0.3% | USD 0.26 mn | 10.8% |
| 17 | Poland | USD 77 thousand | 0.2% | USD 0.22 mn | 11.0% |
| 18 | Brazil | USD 67 thousand | 0.2% | USD 0.18 mn | 10.6% |
| 19 | Austria | USD 53 thousand | 0.1% | USD 0.15 mn | 10.7% |
| 20 | Switzerland | USD 46 thousand | 0.1% | USD 0.13 mn | 10.8% |
| 21 | Kazakhstan | USD 39 thousand | 0.1% | USD 0.10 mn | 10.0% |
| 22 | Turkey | USD 32 thousand | 0.09% | USD 82 thousand | 10.0% |
| 23 | Spain | USD 25 thousand | 0.07% | USD 73 thousand | 11.5% |
| 24 | Belgium | USD 21 thousand | 0.06% | USD 55 thousand | 10.0% |
| 25 | Czech Republic | USD 18 thousand | 0.05% | USD 46 thousand | 10.0% |
| Rest of world | USD 0.43 mn | 1.2% | USD 1.2 mn | 10.9% |
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.
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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