Scandium Market Size, Growth, Trends, Share, Demand and Forecast 2023-2028

The latest report by IMARC Group, titled “Scandium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global scandium market size reached US$ 548.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 859.0 Million by 2028, exhibiting a growth rate (CAGR) of 7.45% during 2023-2028.

Scandium, a metallic element with a silvery-white appearance, is often associated with rare earth elements. It can be extracted from thortveitite or obtained as a by-product from uranium mill tailings. Scandium has a high melting point despite its low density like aluminum. Its small size makes it chemically reactive with elements such as magnesium, zirconium, and aluminum. As a result of these characteristics, scandium is widely used as a preferred material for manufacturing bright mercury-vapor lamps that emit light resembling sunlight. At present, scandium also finds extensive applications in the aerospace industry across the globe as it reduces solidification cracking during the welding process of high-strength aluminum alloys.

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Scandium Market Trends and Drivers:

The global scandium market is primarily driven by the rapid expansion in the aerospace and defense sectors. Moreover, the increasing demand for materials that improve toughness and heat resistance, expand weldability and weld strength, enhance aluminum capacity, and reduce aircraft weight is positively influencing the market growth. Additionally, the rising use of scandium in solid electrolytes to lower operating temperatures, cut costs, and make solid oxide fuel cells (SOFCs) more accessible for distributed power generation has catalyzed market growth. Furthermore, the surging adoption of SOFC-based fuel cells in place of internal combustion engines in light-duty vehicles and warehouse forklifts, which enhances vehicle efficiency and minimizes oil usage and emissions, is contributing to the market growth. Other factors, including the escalating demand for SOFCs for generating electricity, increasing environmental awareness among the masses, and rising electricity prices, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Oxide
  • Fluoride
  • Chloride
  • Nitrate
  • Iodide
  • Alloy
  • Others

Breakup by Application:

  • Aluminum-scandium Alloys
  • High-intensity Metal Halide Lamps
  • Lasers
  • Solid Oxide Fuel Cells

Breakup by End Use Industry:

  • Aerospace and Defense
  • Ceramics
  • Lighting
  • Electronics
  • 3D Printing
  • Sporting Goods
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Australian Mines Limited
  • Galileo Resources PLC
  • GFS Chemicals Inc.
  • Hunan Oriental Scandium Co. Ltd.
  • Lenntech B.V.
  • Materion Corporation
  • Merck KGaA
  • Niocorp Developments Ltd.
  • Platina Resources Limited
  • Scandium International Mining Corporation
  • Sumitomo Metal Mining Co. Ltd
  • Thermo Fisher Scientific Inc.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Aniline Manufacturing Plant Project Report 2023: Industry Trends, Plant Setup, Machinery

How to Set up a Aniline Manufacturing Plant:

IMARC Group’s report, titled “Aniline Manufacturing Plant Project Report 2023: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue” provides a complete roadmap for setting up an aniline manufacturing plant. The report covers various aspects, ranging from a broad market overview to intricate details like unit operations, raw material and utility requirements, infrastructure necessities, machinery requirements, manpower needs, packaging and transportation requirements, and more. In addition to the operational aspects, the report also provides in-depth insights into project economics, encompassing vital aspects such as capital investments, project funding, operating expenses, income and expenditure projections, fixed and variable costs, direct and indirect expenses, expected ROI, net present value (NPV), profit and loss account, and thorough financial analysis, among other crucial metrics. With this comprehensive roadmap, entrepreneurs and stakeholders can make informed decisions and navigate the path toward a successful aniline manufacturing venture.

What is Aniline?

Aniline, a key aromatic amine, holds significant importance in both industrial and scientific domains. As a primary building block in the synthesis of numerous chemical compounds, aniline plays a crucial role in the production of dyes, pharmaceuticals, and rubber processing chemicals. Its aromatic nature and reactivity make it a versatile compound with diverse applications in various sectors. However, caution must be exercised during its handling and processing, as aniline is considered toxic and potentially dangerous to human health.

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What are the key market trends and drivers?

The market for aniline is driven by various factors and influenced by emerging trends. One of the primary drivers is the increasing demand for aniline-derived products, such as dyes and pigments, in the textile and automotive industries. Another significant driver is the growing pharmaceutical industry, which relies on aniline-based compounds for drug synthesis. The escalating prevalence of chronic diseases and the pursuit of new therapeutic options further boost the demand for aniline in this sector. Environmental concerns have also become a driver for the aniline market. As companies strive to adopt more sustainable practices, there is a rising trend towards the development of eco-friendly aniline production methods and the utilization of renewable feedstocks. Moreover, technological advancements have paved the way for improved aniline manufacturing processes, increasing production efficiency and lowering costs, which positively impacts the market. In terms of trends, there is a growing focus on the use of aniline in the production of high-performance polymers and specialty chemicals. Additionally, the development of aniline-based products for electronics and aerospace applications is gaining momentum.

What aspects are included in the report on setting up a aniline plant?

Report Coverage: The project report includes the following information:

  • Market Analysis:
    • Market Trends
    • Market Breakup by Segment
    • Market Breakup by Region
    • Price Analysis
    • Impact of COVID-19
    • Market Forecast
  • Detailed Process Flow:
    • Product Overview
    • Unit Operations Involved
    • Mass Balance and Raw Material Requirements
    • Quality Assurance Criteria
    • Technical Tests
  • Project Details, Requirements and Costs Involved:
    • Land, Location and Site Development
    • Plant Layout
    • Machinery Requirements and Costs
    • Raw Material Requirements and Costs
    • Packaging Requirements and Costs
    • Transportation Requirements and Costs
    • Utility Requirements and Costs
    • Human Resource Requirements and Costs
  • Project Economics:
    • Capital Investments
    • Operating Costs
    • Expenditure Projections
    • Revenue Projections
    •  Taxation and Depreciation
    • Profit Projections
    • Financial Analysis

What Key Questions Does This Project Report Address?

  • How has the aniline market performed so far and how will it perform in the coming years?
  • What is the market segmentation of the global aniline market?
  • What is the regional breakup of the global aniline market?
  • What are the price trends of various feedstocks in the aniline industry?
  • What is the structure of the aniline industry and who are the key players?
  • What are the various unit operations involved in a aniline manufacturing plant?
  • What is the total size of land required for setting up a aniline manufacturing plant?
  • What is the layout of a aniline manufacturing plant?
  • What are the machinery requirements for setting up a aniline manufacturing plant?
  • What are the raw material requirements for setting up a aniline manufacturing plant?
  • What are the packaging requirements for setting up a aniline manufacturing plant?
  • What are the transportation requirements for setting up a aniline manufacturing plant?
  • What are the utility requirements for setting up a aniline manufacturing plant?
  • What are the human resource requirements for setting up a aniline manufacturing plant?
  • What are the infrastructure costs for setting up a aniline manufacturing plant?
  • What are the capital costs for setting up a aniline manufacturing plant?
  • What are the operating costs for setting up a aniline manufacturing plant?
  • What should be the pricing mechanism of the final product?
  • What will be the income and expenditures for a aniline manufacturing plant?
  • What is the time required to break even?
  • What are the profit projections for setting up a aniline manufacturing plant?
  • What are the key success and risk factors in the aniline industry?
  • What are the key regulatory procedures and requirements for setting up a aniline manufacturing plant?
  • What are the key certifications required for setting up a aniline manufacturing plant?

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

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Supply Chain Analytics Market Share, Growth, Industry Analysis & Forecast 2022-2027

According to the latest report by IMARC Group “Supply Chain Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global supply chain analytics market size reached US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2027, exhibiting a growth rate (CAGR) of 17.89% during 2022-2027.

Supply chain analytics refers to a technological solution that collects data and information to provide insights into logistics performance at the procurement, processing, and distribution levels of a product. They assist in risk management, increasing planning accuracy, enhancing order management, streamlining procurement, and increasing return on investment (ROI). They also help maintain inventory records, increase productivity, and standardize different processes.

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Market Trends:

The rising usage of cloud-based solutions in small and medium-scale enterprises (SMEs) represents one of the major factors positively influencing the demand for supply chain analytics around the world. In addition, the thriving e-commerce industry is driving the adoption of supply chain analytics to provide real-time information on warehouse management and delivery. Apart from this, industry players are integrating supply chain analytics services with advanced technologies, such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI). This, in turn, is impelling the growth of the market.

Breakup by Component:

  • Software
    • Demand Analysis and Forecasting
    • Supplier Performance Analytics
    • Spend and Procurement Analytics
    • Inventory Analytics
    • Transportation and Logistics Analytics
  • Services
    • Professional
    • Support and Maintenance

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Industry Vertical:

  • Automotive
  • Food and Beverages
  • Healthcare and Pharmaceuticals
  • Manufacturing
  • Retail and Consumer Goods
  • Transportation and Logistics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Axway, Capgemini SE
  • International Business Machines Corporation
  • Infor Inc (Koch Industries Inc.)
  • Kinaxis Inc.
  • Manhattan Associates Inc.
  • Microstrategy Incorporated
  • Oracle Corporation
  • QlikTech International AB
  • SAP SE
  • SAS Institute Inc.
  • Tableau Software LLC (Salesforce Inc.).

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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Leather Goods Market Growth 2023-2028, Industry Size, Share, Trends and Forecast

According to IMARC Group’s latest report, titled “Leather Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global leather goods market size reached US$ 370.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 505.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Leather goods are manufactured by tanning or chemically treating leather. They comprise various items, such as shoes, belts, bags, suitcases, furniture covers, book covers, hats, gloves, wristwatch straps, purses, toys, jackets, pants, and cases. They also include percussion instruments, quivers, motorcycle seats, car seat covers, knife sheaths, baseballs, horse reins, coasters, saddles, and punching bags. They are waterproof as leather goods are coated with melted wax or rubbing wax sticks. They are fire-resistant, lightweight, skin-friendly, and have a long shelf life. They can retain their elasticity and shape after rigorous usage. They are easy to clean, malleable, and more beneficial compared to their synthetic counterparts. They are used in cold climates as leather goods provide thermal insulation and restrict the passage of internal heat. As they can be customized with patterns, textures, and brand logos for effective marketing, the demand for leather goods is rising worldwide.

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Market Trends

At present, the increasing demand for leather goods due to the rising utilization of eco-friendly and recyclable products around the world represents one of the primary factors influencing the market positively. Besides this, the growing utilization of lightweight and compact luggage items to easily carry them while traveling long distances and avoid extra airline luggage fees is offering a favorable market outlook. In addition, governing agencies of various countries are undertaking initiatives to support the leather industry by providing financial assistance to leather artisans and increasing the import and export of leather goods. Apart from this, there is an increase in the demand for leather goods among the masses due to changing fashion trends. This, along with the rising number of footwear and clothing brands displaying limited edition leather products in fashion shows, is propelling the growth of the market. Additionally, various luxury brands are adopting effective marketing strategies, such as social media, influencer, digital, and content marketing, to connect with their targeted customers and boost product sales. Moreover, the rising number of offline stores and online distribution channels selling premium quality leather goods, such as handbags, trench coats, boots, and wallets, is supporting the growth of the market. Furthermore, key manufacturers are introducing sustainable processing methods by extracting cellulose derivatives from downstream wastes of sugar sectors and employing them in leather finishing. They are also adopting waterless chrome tanning technology (WLTC) to reduce the wastage of water and improve the quality of leather goods, which is bolstering the growth of the market.

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List of Key Companies Covered in this Market Report:

  • Adidas AG
  • American Leather Holdings LLC
  • Capri Holdings Limited
  • Hermès International S.A.
  • Kering S.A.
  • LVMH
  • Prada S.p.A
  • Puma SE
  • Tapestry Inc.
  • VIP Industries (Piramal Group)
  • Woodland (Aero Group).

The report has segmented the market on the basis of product, material type, price, distribution channel and geography.

Breakup by Product:

  • Footwear
    • Military Shoes
    • Casual Shoes
    • Formal Shoes
    • Sports Shoes
    • Others
  • Other Leather Products
    • Upholstery
    • Luggage
    • Accessories
    • Clothing & Apparel
    • Bags, Wallets and Purses
    • Others

Breakup by Material Type:

  • Genuine Leather
    • Top-grain Leather
    • Split-grain Leather
  • Synthetic Leather
    • PU-Based Leather
    • PVC-Based Leather
    • Bio-Based Leather

Breakup by Price:

  • Premium Products
  • Mass Products

Breakup by Distribution Channel:

  • Clothing and Sportswear Retailers
  • Departmental Stores
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others

Breakup by Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group