Global Samarium-Cobalt Magnet Market Growth 2023-2029

Global Samarium-Cobalt Magnet Market Growth 2023-2029

A samarium–cobalt (SmCo) magnet, a type of rare earth magnet, is a strong permanent magnet made of an alloy of samarium and cobalt.
LPI (LP Information)' newest research report, the “Samarium-Cobalt Magnet Industry Forecast” looks at past sales and reviews total world Samarium-Cobalt Magnet sales in 2022, providing a comprehensive analysis by region and market sector of projected Samarium-Cobalt Magnet sales for 2023 through 2029. With Samarium-Cobalt Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Samarium-Cobalt Magnet industry.
This Insight Report provides a comprehensive analysis of the global Samarium-Cobalt Magnet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Samarium-Cobalt Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Samarium-Cobalt Magnet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Samarium-Cobalt Magnet and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Samarium-Cobalt Magnet.
The global Samarium-Cobalt Magnet market size is projected to grow from US$ 414.8 million in 2022 to US$ 559.1 million in 2029; it is expected to grow at a CAGR of 559.1 from 2023 to 2029.
The manufacturing bases of Samarium-Cobalt Magnet concentrated distribution in China, USA and Japan; some of the key players dominating this market are Hitachi Metals Group, Shin-Etsu, HPMG, NGYC, CO-STAR and Tianhe Magnetics.
Samarium-Cobalt Magnet has the largest application proportion in the field of industrial machinery, with a market share of over 40%.
Samarium-Cobalt Magnet has the highest sales volume in the Asia-Pacific region, with a market share close to 85%.
This report presents a comprehensive overview, market shares, and growth opportunities of Samarium-Cobalt Magnet market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
SmCo5
Sm2Co17
Segmentation by application
Aerospace & Defense
Automotive
Industrial Machinery
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic

Key Questions Addressed in this Report
What is the 10-year outlook for the global Samarium-Cobalt Magnet market?
What factors are driving Samarium-Cobalt Magnet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Samarium-Cobalt Magnet market opportunities vary by end market size?
How does Samarium-Cobalt Magnet break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.