Samarium Cobalt Magnets Market Size, Share, Growth Report 2032

Samarium Cobalt Magnets Market

Samarium Cobalt Magnets Market By Product Type (Cylinder, Ring, and Others), By Application (Industrial, Consumer Electronics, Medical Technology, Automotive, Aerospace & Defense, Environment & Energy, and Others), By End-User (Hospitals, Homecare, Specialty Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 - 2030

Category: Consumer Goods Report Format : PDF Pages: 200 Report Code: ZMR-7180 Published Date: May-2023 Status : Published

The global samarium cobalt magnets market size was evaluated at $15.5 Billion in 2022 and is slated to hit $19.9 Billion by the end of 2030 with a CAGR of nearly 7.7% between 2023 and 2030. Samarium Cobalt Magnets Industry share By Product Type, Application, Region

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Samarium Cobalt Magnets Market, (2023 - 2030) (USD Million)
    • 2.2 Global Samarium Cobalt Magnets Market : snapshot
  • Chapter 3. Global Samarium Cobalt Magnets Market - Industry Analysis
    • 3.1 Samarium Cobalt Magnets Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Beneficial features of the product to boost the global market trends
    • 3.3 Market Restraints
      • 3.3.1. Price oscillations and brittleness to impede the global industry growth
    • 3.4 Market Opportunities
      • 3.4.1. Huge product demand across various end-use sectors to open new vistas of growth for the global market
    • 3.5 Market Challenges
      • 3.5.1. Surge in research & development costs related to exploring rare earth metals can pose a big challenge to the growth of the global industry
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Samarium Cobalt Magnets Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Samarium Cobalt Magnets Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Samarium Cobalt Magnets Market - Product Type Analysis
    • 5.1 Global Samarium Cobalt Magnets Market overview: By Product Type
      • 5.1.1 Global Samarium Cobalt Magnets Market share, By Product Type, 2022 and 2030
    • 5.2 Ring
      • 5.2.1 Global Samarium Cobalt Magnets Market by Ring, 2023 - 2030 (USD Million)
    • 5.3 Others
      • 5.3.1 Global Samarium Cobalt Magnets Market by Others, 2023 - 2030 (USD Million)
  • Chapter 6. Global Samarium Cobalt Magnets Market - Application Analysis
    • 6.1 Global Samarium Cobalt Magnets Market overview: By Application
      • 6.1.1 Global Samarium Cobalt Magnets Market share, By Application, 2022 and 2030
    • 6.2 Industrial
      • 6.2.1 Global Samarium Cobalt Magnets Market by Industrial, 2023 - 2030 (USD Million)
    • 6.3 Consumer Electronics
      • 6.3.1 Global Samarium Cobalt Magnets Market by Consumer Electronics, 2023 - 2030 (USD Million)
    • 6.4 Medical Technology
      • 6.4.1 Global Samarium Cobalt Magnets Market by Medical Technology, 2023 - 2030 (USD Million)
    • 6.5 Automotive
      • 6.5.1 Global Samarium Cobalt Magnets Market by Automotive, 2023 - 2030 (USD Million)
    • 6.6 Aerospace & Defense
      • 6.6.1 Global Samarium Cobalt Magnets Market by Aerospace & Defense, 2023 - 2030 (USD Million)
    • 6.7 Environment & Energy
      • 6.7.1 Global Samarium Cobalt Magnets Market by Environment & Energy, 2023 - 2030 (USD Million)
    • 6.8 Others
      • 6.8.1 Global Samarium Cobalt Magnets Market by Others, 2023 - 2030 (USD Million)
  • Chapter 7. Samarium Cobalt Magnets Market - Regional Analysis
    • 7.1 Global Samarium Cobalt Magnets Market Regional Overview
    • 7.2 Global Samarium Cobalt Magnets Market Share, by Region, 2022 & 2030 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
        • 7.3.1.1 North America Samarium Cobalt Magnets Market, by Country, 2023 - 2030 (USD Million)
    • 7.4 North America Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030
      • 7.4.1 North America Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030 (USD Million)
    • 7.5 North America Samarium Cobalt Magnets Market, by Application, 2023 - 2030
      • 7.5.1 North America Samarium Cobalt Magnets Market, by Application, 2023 - 2030 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
        • 7.4.2.1 Europe Samarium Cobalt Magnets Market, by Country, 2023 - 2030 (USD Million)
    • 7.4 Europe Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030
      • 7.4.1 Europe Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030 (USD Million)
    • 7.5 Europe Samarium Cobalt Magnets Market, by Application, 2023 - 2030
      • 7.5.1 Europe Samarium Cobalt Magnets Market, by Application, 2023 - 2030 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
        • 7.5.3.1 Asia Pacific Samarium Cobalt Magnets Market, by Country, 2023 - 2030 (USD Million)
    • 7.4 Asia Pacific Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030
      • 7.4.1 Asia Pacific Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030 (USD Million)
    • 7.5 Asia Pacific Samarium Cobalt Magnets Market, by Application, 2023 - 2030
      • 7.5.1 Asia Pacific Samarium Cobalt Magnets Market, by Application, 2023 - 2030 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
        • 7.6.4.1 Latin America Samarium Cobalt Magnets Market, by Country, 2023 - 2030 (USD Million)
    • 7.4 Latin America Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030
      • 7.4.1 Latin America Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030 (USD Million)
    • 7.5 Latin America Samarium Cobalt Magnets Market, by Application, 2023 - 2030
      • 7.5.1 Latin America Samarium Cobalt Magnets Market, by Application, 2023 - 2030 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Samarium Cobalt Magnets Market, by Country, 2023 - 2030 (USD Million)
    • 7.4 The Middle-East and Africa Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030
      • 7.4.1 The Middle-East and Africa Samarium Cobalt Magnets Market, by Product Type, 2023 - 2030 (USD Million)
    • 7.5 The Middle-East and Africa Samarium Cobalt Magnets Market, by Application, 2023 - 2030
      • 7.5.1 The Middle-East and Africa Samarium Cobalt Magnets Market, by Application, 2023 - 2030 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Hangzhou Permanent Magnet Group (HPMG)
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Arnold Magnetic Technologies Corp.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Ningbo Ketian Magnet Co. Ltd.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Hitachi Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Molycorp Chemicals and Oxides
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Ningbo NGYC (Ninggang Permanent Magnetic) Materials Co. Ltd.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Shin-Etsu Chemical Co. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 ADAMS Magnetic Products Co. Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Eclipse Magnetics Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Lynas Corporation Ltd.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Samarium Cobalt Magnets Market attractiveness, By Product Type
  • 6. Global Samarium Cobalt Magnets Market attractiveness, By Application
  • 7. Global Samarium Cobalt Magnets Market share by Product Type, 2023 and 2030 (USD Million)
  • 8. Global Samarium Cobalt Magnets Market by Ring, 2023 - 2030 (USD Million)
  • 9. Global Samarium Cobalt Magnets Market by Others, 2023 - 2030 (USD Million)
  • 10. Global Samarium Cobalt Magnets Market share by Application, 2023 and 2030 (USD Million)
  • 11. Global Samarium Cobalt Magnets Market by Industrial, 2023 - 2030 (USD Million)
  • 12. Global Samarium Cobalt Magnets Market by Consumer Electronics, 2023 - 2030 (USD Million)
  • 13. Global Samarium Cobalt Magnets Market by Medical Technology, 2023 - 2030 (USD Million)
  • 14. Global Samarium Cobalt Magnets Market by Automotive, 2023 - 2030 (USD Million)
  • 15. Global Samarium Cobalt Magnets Market by Aerospace & Defense, 2023 - 2030 (USD Million)
  • 16. Global Samarium Cobalt Magnets Market by Environment & Energy, 2023 - 2030 (USD Million)
  • 17. Global Samarium Cobalt Magnets Market by Others, 2023 - 2030 (USD Million)
  • 18. Global Samarium Cobalt Magnets Market share, by Region, 2023 and 2030
  • 19. North America Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
  • 20. Europe Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
  • 21. Asia Pacific Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
  • 22. Latin America Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)
  • 23. The Middle-East and Africa Samarium Cobalt Magnets Market, 2023 - 2030 (USD Million)

Table Of Tables

  • 1. Global Samarium Cobalt Magnets Market: Snapshot
  • 2. Drivers of the Samarium Cobalt Magnets Market: impact analysis
  • 3. North America Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 4. North America Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 5. U.S. Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 6. U.S. Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 7. Canada Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 8. Canada Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 9. Europe Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 10. Europe Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 11. Germany Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 12. Germany Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 13. France Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 14. France Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 15. U.K. Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 16. U.K. Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 17. Italy Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 18. Italy Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 19. Spain Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 20. Spain Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 21. Rest of Europe Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 22. Rest of Europe Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 23. Asia Pacific Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 24. Asia Pacific Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 25. China Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 26. China Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 27. Japan Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 28. Japan Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 29. India Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 30. India Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 31. South Korea Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 32. South Korea Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 33. South-East Asia Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 34. South-East Asia Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 35. Rest of Asia Pacific Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 36. Rest of Asia Pacific Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 37. Latin America Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 38. Latin America Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 39. Brazil Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 40. Brazil Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 41. Mexico Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 42. Mexico Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 43. Rest of Latin America Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 44. Rest of Latin America Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 45. The Middle-East and Africa Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 46. The Middle-East and Africa Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 47. GCC Countries Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 48. GCC Countries Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 49. South Africa Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 50. South Africa Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)
  • 51. Rest of Middle-East Africa Samarium Cobalt Magnets Market revenue, By Product Type, 2023 - 2030 (USD Million)
  • 52. Rest of Middle-East Africa Samarium Cobalt Magnets Market revenue, By Application, 2023 - 2030 (USD Million)

Methodology

FrequentlyAsked Questions

Samarium cobalt magnet, which is a kind of rare earth magnet, made of two elements, namely, samarium & cobalt and is a robust permanent magnet. Samarium cobalt magnet exhibit anisotropy, which means that samarium cobalt can be magnetized only in the axis of their magnetic orientation. This can be made by aligning the crystal structure of samarium cobalt at the time of the production process.      

The global samarium cobalt magnets market is projected to expand over 2023-2030 with samarium cobalt magnets finding extensive applications in turbomachinery, traveling wave tube field magnets, and benchtop NMR spectrometers. Apart from this, they are utilized in high-end electric motors and systems that operate at cryogenic temperatures or high thermal temperatures.

According to study, the global samarium cobalt magnets market size was $15.5 billion in 2022 and is projected to reach $19.9 billion by the end of 2030.

The global samarium cobalt magnets market is anticipated to record a CAGR of nearly 7.7% from 2023 to 2030.

The North American samarium cobalt magnets industry is set to register the fastest CAGR over the forecasting period subject to huge penetration of products in defense and automotive sectors in the countries such as Canada and the U.S.  

The global samarium cobalt magnets market is led by industry players such as Hangzhou Permanent Magnet Group (HPMG), Arnold Magnetic Technologies Corp., Ningbo Ketian Magnet Co., Ltd., Hitachi, Ltd., Molycorp Chemicals and Oxides, Ningbo NGYC (Ninggang Permanent Magnetic) Materials Co. Ltd., Shin-Etsu Chemical Co., Ltd., ADAMS Magnetic Products Co., Inc., Eclipse Magnetics Ltd., and Lynas Corporation, Ltd.

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List of Contents

Industry Perspective: OverviewKey InsightsGrowth FactorsHindrancesOpportunitiesChallengesSegmentationRecent BreakthroughsMarket:Report ScopeRegional Insights Competitive Space The global samarium cobalt magnets market is segmented as follows:

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