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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 Magnet Industry Forecast" looks at past sales and reviews total world Samarium-Cobalt Magnet sales in 2022, providing a comprehensive analysis by region and market sector of projected Samarium-Cobalt Magnet sales for 2023 through 2029. With Samarium-Cobalt Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Samarium-Cobalt Magnet industry.
This Insight Report provides a comprehensive analysis of the global Samarium-Cobalt 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 Samarium-Cobalt Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Samarium-Cobalt Magnet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Samarium-Cobalt 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 Samarium-Cobalt Magnet.
The global Samarium-Cobalt Magnet 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 Magnet market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- SmCo5
- Sm2Co17
Segmentation by application
- Aerospace & Defense
- Automotive
- Industrial Machinery
- 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.
- Shin-Etsu
- VAC
- Galaxy Magnetic
- HPMG
- NGYC
- CO-STAR
- Tianhe Magnetics
- Electron Energy Corp
- Arnold Magnetic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Samarium-Cobalt Magnet market?
What factors are driving Samarium-Cobalt Magnet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Samarium-Cobalt Magnet market opportunities vary by end market size?
How does Samarium-Cobalt Magnet break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?