Philippines Scandium Market (2025-2031) Outlook | Analysis, Share, Forecast, Value, Companies, Growth, Size, Trends, Industry & Revenue
Market Forecast By Product Type (Oxide, Fluoride, Chloride, Nitrate, Iodide, Alloy, Others), By Application (Aluminum-scandium Alloys, High-intensity Metal Halide Lamps, Lasers, Solid Oxide Fuel Cells), By End Use Industry (Aerospace and Defense, Ceramics, Lighting, Electronics, 3D Printing, Sporting Goods, Others, ) And Competitive Landscape
| Product Code: ETC206321 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Philippines Scandium Market Size Growth Rate
The Philippines Scandium Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 0.16% in 2025 and reaches 0.29% by 2029.
Scandium Market: Philippines vs Top 5 Major Economies in 2027 (Asia)
Philippines's Scandium market is anticipated to experience a stable growth rate of 0.23% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Philippines Scandium Market Synopsis
The Philippines Scandium Market was valued at an estimated USD 0.16 million in 2025 and is projected to grow with a CAGR of 7% during the forecast period, driven by increasing demand for high performance alloys used in aerospace applications, among other factors.
Drivers of the market
The Philippines Scandium market has shown growth potential due to its use in various high-tech industries. Scandium is utilized in the production of lightweight, high-strength alloys used in aerospace and automotive applications. The demand for such advanced materials has fueled the interest in Scandium. Additionally, ongoing research into its potential applications in electronics and energy storage has contributed to its market growth.
Challenges of the market
The Philippines Scandium market faces unique challenges. Scandium is a rare earth element with limited availability, posing supply constraints. Developing efficient extraction and refining methods to enhance production volumes while minimizing environmental impact is a significant challenge. Educating industries about the potential applications and advantages of scandium will be essential to stimulate demand.
Covid-19 Impact of the market
The Philippines Scandium market encountered challenges during the COVID-19 pandemic, as the aerospace and electronics sectors, key consumers of scandium, experienced setbacks. As these industries rebound, the Scandium market is expected to regain its footing.
Key Players of the market
The Philippines scandium market is relatively small compared to other markets in the Asia-Pacific region, and there are not many suppliers of the metal. The main supplier of scandium in the Philippines is a mining company based in Mindanao, called Nickel Asia Corporation. Some other suppliers include Sumitomo Metal Mining Co., Ltd., Sumitomo Corporation, and JX Nippon Mining & Metals Corporation.
Key Highlights of the Report:
- Philippines Scandium Market Outlook
- Market Size of Philippines Scandium Market, 2024
- Forecast of Philippines Scandium Market, 2031
- Historical Data and Forecast of Philippines Scandium Revenues & Volume for the Period 2021-2031
- Philippines Scandium Market Trend Evolution
- Philippines Scandium Market Drivers and Challenges
- Philippines Scandium Price Trends
- Philippines Scandium Porter's Five Forces
- Philippines Scandium Industry Life Cycle
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Oxide for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Fluoride for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Chloride for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Nitrate for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Iodide for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Alloy for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Aluminum-scandium Alloys for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By High-intensity Metal Halide Lamps for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Lasers for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Solid Oxide Fuel Cells for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By End Use Industry for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Aerospace and Defense for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Ceramics for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Lighting for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Electronics for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By 3D Printing for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Sporting Goods for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Philippines Scandium Market Revenues & Volume By for the Period 2021-2031
- Philippines Scandium Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End Use Industry
- Philippines Scandium Top Companies Market Share
- Philippines Scandium Competitive Benchmarking By Technical and Operational Parameters
- Philippines Scandium Company Profiles
- Philippines Scandium Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Philippines Scandium Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Philippines Scandium Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Scandium Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Scandium Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Scandium Market - Industry Life Cycle |
3.4 Philippines Scandium Market - Porter's Five Forces |
3.5 Philippines Scandium Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Scandium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Scandium Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Philippines Scandium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for scandium in aerospace and automotive industries for lightweight materials. |
4.2.2 Growing investments in research and development for scandium applications. |
4.2.3 Favorable government regulations supporting the adoption of scandium in various sectors. |
4.3 Market Restraints |
4.3.1 Limited availability of scandium resources in the Philippines. |
4.3.2 High production costs associated with extracting and processing scandium. |
4.3.3 Volatility in scandium prices due to market speculation and geopolitical factors. |
5 Philippines Scandium Market Trends |
6 Philippines Scandium Market, By Types |
6.1 Philippines Scandium Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Scandium Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Scandium Market Revenues & Volume, By Oxide, 2021-2031F |
6.1.4 Philippines Scandium Market Revenues & Volume, By Fluoride, 2021-2031F |
6.1.5 Philippines Scandium Market Revenues & Volume, By Chloride, 2021-2031F |
6.1.6 Philippines Scandium Market Revenues & Volume, By Nitrate, 2021-2031F |
6.1.7 Philippines Scandium Market Revenues & Volume, By Iodide, 2021-2031F |
6.1.8 Philippines Scandium Market Revenues & Volume, By Alloy, 2021-2031F |
6.2 Philippines Scandium Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Scandium Market Revenues & Volume, By Aluminum-scandium Alloys, 2021-2031F |
6.2.3 Philippines Scandium Market Revenues & Volume, By High-intensity Metal Halide Lamps, 2021-2031F |
6.2.4 Philippines Scandium Market Revenues & Volume, By Lasers, 2021-2031F |
6.2.5 Philippines Scandium Market Revenues & Volume, By Solid Oxide Fuel Cells, 2021-2031F |
6.3 Philippines Scandium Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Scandium Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
6.3.3 Philippines Scandium Market Revenues & Volume, By Ceramics, 2021-2031F |
6.3.4 Philippines Scandium Market Revenues & Volume, By Lighting, 2021-2031F |
6.3.5 Philippines Scandium Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.6 Philippines Scandium Market Revenues & Volume, By 3D Printing, 2021-2031F |
6.3.7 Philippines Scandium Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.3.8 Philippines Scandium Market Revenues & Volume, By , 2021-2031F |
6.3.9 Philippines Scandium Market Revenues & Volume, By , 2021-2031F |
7 Philippines Scandium Market Import-Export Trade Statistics |
7.1 Philippines Scandium Market Export to Major Countries |
7.2 Philippines Scandium Market Imports from Major Countries |
8 Philippines Scandium Market Key Performance Indicators |
8.1 Percentage of research and development budget allocated to scandium-related projects. |
8.2 Number of partnerships and collaborations with key industries for scandium applications. |
8.3 Level of government support and incentives for scandium production and utilization in the Philippines. |
9 Philippines Scandium Market - Opportunity Assessment |
9.1 Philippines Scandium Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Scandium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Scandium Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Philippines Scandium Market - Competitive Landscape |
10.1 Philippines Scandium Market Revenue Share, By Companies, 2024 |
10.2 Philippines Scandium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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