Global Samarium-Cobalt (SmCo) Magnets Market Growth 2023-2029

Global Samarium-Cobalt (SmCo) Magnets 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 (SmCo) Magnets Industry Forecast” looks at past sales and reviews total world Samarium-Cobalt (SmCo) Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Samarium-Cobalt (SmCo) Magnets sales for 2023 through 2029. With Samarium-Cobalt (SmCo) Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Samarium-Cobalt (SmCo) Magnets industry.

This Insight Report provides a comprehensive analysis of the global Samarium-Cobalt (SmCo) Magnets 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 (SmCo) Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Samarium-Cobalt (SmCo) Magnets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Samarium-Cobalt (SmCo) Magnets 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 (SmCo) Magnets.

The global Samarium-Cobalt (SmCo) Magnets 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 (SmCo) Magnets market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
SmCo5
Sm2Co17

Segmentation by application
Aerospace
Automotive
Medical
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.
Dura Magnetics
Magnetic Component Engineering
Integrated Magnetics
Goudsmit Magnetics
Magnaworks Technology
Arnold Magnetic Technologies
Adams Magnetic Product
Polaris Rare Earth Materials
Bunting Magnetics
Magnetic Specialties
Veekim

Key Questions Addressed in this Report

What is the 10-year outlook for the global Samarium-Cobalt (SmCo) Magnets market?

What factors are driving Samarium-Cobalt (SmCo) Magnets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Samarium-Cobalt (SmCo) Magnets market opportunities vary by end market size?

How does Samarium-Cobalt (SmCo) Magnets 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.