The global SamariuCobalt (SmCo) Magnets market is expected to grow at a CAGR of 8.5% from 2021 to 2030. The growth will be driven by the high demand for magnets in the automotive and aerospace industry.
In this research, we use various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the SamariuCobalt (SmCo) Magnets market worldwide. The different types of SamariuCobalt (SmCo) Magnets are classified on the basis of their composition such as Sm2Co17 or Sm5Co17 magnets; also based on their applications like aerospace, automotive, medical magnets; and regions like North America, Latin America, Europe, Asia Pacific and Middle East & Africa. This research provides a detailed outlook of future growth prospects across different segments in the coming years with an in-depth analysis on key driving factors and challenges which would help stakeholders to take better decisions based on present trends.
Product type: SmCo5 magnets accounted for more than 50% share in 2018 with a total market size of about USD 319 million followed by Sm2Co17 with 29% share worth USD 118 million globally according to SPINS data from 2019-2020 forecast period i.e., 2021-2030 is expected that both these products will grow at CAGRs between 9%-10%. Application: Aforementioned application segment has nearly doubled its revenue share from about 36% in 2018 to 59% over next 7 years which denotes better scope for these product types under current scenario as well as future forecasts during 2021-2030 timeframe which indicates continuous demand growth over coming years for both automobile/aerospace industry coupled with increase in medical sector due time frame called EMRs Electro Magnetic Resonance Imaging systems becoming popular around world during 2020s decade onwards. Region: Asia Pacific region is expected to lead the SamariuCobalt (SmCo) Magnets market with a CAGR of 9.8% during the forecast period.
The worldwide market for SamariuCobalt (SmCo) Magnets is expected to grow at a CAGR of 8.5% over the next five years, will reach 16 million US$ in 2023, from 10 million US$ in 2017.
This new market research reports offers detailed analysis of global SamariuCobalt (SmCo) Magnets market and presents major data on its current state and future forecast by type, application and region. The study includes key drivers and challenges for this industry as well as their effect on this global magnet markets for the duration 2019-2030.
Industry Growth Insights published a new data on “Samarium-Cobalt (SmCo) Magnets Market”. The research report is titled “Samarium-Cobalt (SmCo) Magnets Market research by Types (SmCo5, Sm2Co17), By Applications (Aerospace, Automotive, Medical, Others), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Samarium-Cobalt (SmCo) Magnets Market Research Report
By Type
SmCo5, Sm2Co17
By Application
Aerospace, Automotive, Medical, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
 Magnets Industry Outlook.svg)
Global Samarium-Cobalt (SmCo) Magnets Market Report Segments:
The global Samarium-Cobalt (SmCo) Magnets market is segmented on the basis of:
Types
SmCo5, Sm2Co17
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
 Magnets Market Overview.svg)
Highlights of The Samarium-Cobalt (SmCo) Magnets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- SmCo5
- Sm2Co17
- By Application:
- Aerospace
- Automotive
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Samarium-Cobalt (SmCo) Magnets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Magnets Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Samarium-cobalt magnets are made of a rare earth metal, samarium, and a coarser-grade iron. The two elements are combined to create strong magnets that can hold onto small pieces of metal.
Some of the major companies in the samarium-cobalt (smco) magnets market are 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.
The samarium-cobalt (smco) magnets market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Samarium-Cobalt (SmCo) Magnets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Samarium-Cobalt (SmCo) Magnets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Samarium-Cobalt (SmCo) Magnets Market - Supply Chain
4.5. Global Samarium-Cobalt (SmCo) Magnets Market Forecast
4.5.1. Samarium-Cobalt (SmCo) Magnets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Samarium-Cobalt (SmCo) Magnets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Samarium-Cobalt (SmCo) Magnets Market Absolute $ Opportunity
5. Global Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
5.3.1. SmCo5
5.3.2. Sm2Co17
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Medical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Samarium-Cobalt (SmCo) Magnets Demand Share Forecast, 2019-2026
9. North America Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Medical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
9.7.1. SmCo5
9.7.2. Sm2Co17
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Samarium-Cobalt (SmCo) Magnets Demand Share Forecast, 2019-2026
10. Latin America Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Medical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
10.7.1. SmCo5
10.7.2. Sm2Co17
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Samarium-Cobalt (SmCo) Magnets Demand Share Forecast, 2019-2026
11. Europe Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Medical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
11.7.1. SmCo5
11.7.2. Sm2Co17
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Samarium-Cobalt (SmCo) Magnets Demand Share, 2019-2026
12. Asia Pacific Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Medical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
12.7.1. SmCo5
12.7.2. Sm2Co17
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Samarium-Cobalt (SmCo) Magnets Demand Share, 2019-2026
13. Middle East & Africa Samarium-Cobalt (SmCo) Magnets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Medical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Samarium-Cobalt (SmCo) Magnets Market Size and Volume Forecast by Type
13.7.1. SmCo5
13.7.2. Sm2Co17
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Samarium-Cobalt (SmCo) Magnets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Samarium-Cobalt (SmCo) Magnets Market: Market Share Analysis
14.2. Samarium-Cobalt (SmCo) Magnets Distributors and Customers
14.3. Samarium-Cobalt (SmCo) Magnets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dura Magnetics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Magnetic Component Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Integrated Magnetics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Goudsmit Magnetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magnaworks Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arnold Magnetic Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Adams Magnetic Product
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Polaris Rare Earth Materials
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bunting Magnetics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Magnetic Specialties
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Veekim
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
