Global SmCo Magnet Market Growth 2025-2031

Global SmCo Magnet Market Growth 2025-2031

The global SmCo Magnet market size is predicted to grow from US$ 552 million in 2025 to US$ 756 million in 2031; it is expected to grow at a CAGR of 5.4% from 2025 to 2031.

SmCo magnets, also known as samarium cobalt magnets, are a type of rare-earth magnet known for their high magnetic strength and temperature resistance. Several driving factors contribute to the demand and use of SmCo magnets:



1. High magnetic performance: SmCo magnets have one of the highest magnetic energy products among commercially available magnets. They possess excellent magnetic strength and provide strong magnetic fields, making them ideal for applications that require high performance, such as motors, sensors, and magnetic couplings.



2. Temperature stability: SmCo magnets have high resistance to demagnetization at elevated temperatures. They can retain their magnetic properties at temperatures exceeding other magnet types, making them suitable for applications that involve high temperatures, such as aerospace, automotive, and certain industrial applications.



3. Strong corrosion resistance: SmCo magnets have excellent corrosion resistance, making them suitable for use in harsh environments. They do not require additional coatings or protective measures in many applications, reducing the need for maintenance and allowing for longer lifespan in corrosive environments.



4. Compact size: SmCo magnets have high energy density, meaning they can provide strong magnetic fields in smaller sizes compared to other magnets. This compact size makes them a preferred choice for applications where space is limited, such as miniaturized electronic devices and medical equipment.



5. Long-term stability: SmCo magnets have excellent long-term stability. They demonstrate minimal irreversible losses in magnetic properties over time, ensuring their performance and reliability over extended periods.



6. Niche applications: SmCo magnets find extensive use in niche applications that require specific magnetic properties. These include aerospace and defense applications, high-temperature environments, magnetic separators, magnetic couplings, and high-end audio equipment, among others.



7. Limited availability: SmCo magnets are considered rare-earth magnets, and their production relies on the availability of raw materials, such as samarium and cobalt. The limited availability of these resources and the complex manufacturing process make SmCo magnets relatively expensive compared to other magnet types. However, their unique properties and performance justify their cost in certain applications.



These factors collectively contribute to the demand for SmCo magnets in various industries and applications that require high magnetic performance, temperature stability, and resistance to corrosion.

LP Information, Inc. (LPI) ' newest research report, the “SmCo Magnet Industry Forecast” looks at past sales and reviews total world SmCo Magnet sales in 2024, providing a comprehensive analysis by region and market sector of projected SmCo Magnet sales for 2025 through 2031. With SmCo Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SmCo Magnet industry.

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

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

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

Segmentation by Type:
200℃
300℃
350℃
Other

Segmentation by Application:
Space
National Defense
Communication
Medical Equipment
Other

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 analysing the company's coverage, product portfolio, its market penetration.
Master Magnetics
MS-Schramberg GmbH & Co. KG
Ningbo Zhaobao Magnet
ThyssenKrupp Magnettechnik
Magma Magnets Manufacturing
Magengine
LOGIMAG
HEINRICH KIPP WERK KG
ECLIPSE MAGNETICS
CALAMIT
Dura Magnetics
Arnold Magnetic Technologies
Armstrong Magnetics

Key Questions Addressed in this Report

What is the 10-year outlook for the global SmCo Magnet market?

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

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

How do SmCo Magnet market opportunities vary by end market size?

How does SmCo Magnet break out by Type, by Application?

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