Global Samarium Market Growth 2023-2029

Global Samarium Market Growth 2023-2029

Samarium is one rear earth element, from the mineral. Samarium, atomic no. 62, symbol Sm, weight at 150.36. It is a silvery-white metal belonging to the lanthanide group of the periodic table. It is relatively stable at room temperature in dry air, but it ignites when heated above 150 C and forms an oxide coating in moist air.

One of the most important applications of Samarium is in samarium–cobalt magnets, which have a nominal composition of SmCo5 or Sm2Co17.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Samarium 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.

The global Samarium market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In United States, the key Samarium manufacturers are Great Western Minerals, Baotou Hefa Rare Earth-former Baotou, China Minmetals Rare Earth-former China Minmetal, Ganzhou Chenguang Rare Earths, Guangxi Jinguang, Grirem Advanced Materials, Shanghai Yuelong Rare Earth New Materials, Jiangxi Golden Century, China Northern Rare Earth etc. Top 3 companies occupied about 32% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Samarium market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Pharmaceutical Grade

Industrial Grade

Segmentation by application

Permanent Magnet

Ceramics

Catalyst

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.

Great Western Minerals

Baotou Hefa Rare Earth-former Baotou

China Minmetals Rare Earth-former China Minmetal

Ganzhou Chenguang Rare Earths

Guangxi Jinguang

Grirem Advanced Materials

Shanghai Yuelong Rare Earth New Materials

Jiangxi Golden Century

China Northern Rare Earth

Key Questions Addressed in this Report

What is the 10-year outlook for the global Samarium market?

What factors are driving Samarium market growth, globally and by region?

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

How do Samarium market opportunities vary by end market size?

How does Samarium 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.