Samarium Cobalt Magnets Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Samarium Cobalt 
Magnets Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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Acco r d ing  t o  t he  l a t es t  r epo r t  by  I M ARC  G r ou p ,  t i t l e d  " Sam ar i um Co ba l t  M agn et s  
M ar ke t :  G l ob a l  I ndu st ry  T rend s ,  Shar e ,  S i ze ,  G row t h ,  O pp or t u n i t y  and  Fo rec as t  
2024 - 203 2 , "  t he  g lob a l  sam ar ium  cob a l t  m agne t s  m ar ke t  s i ze  r each ed  US$  57 4 . 8  
M i l l i o n  i n  2 023 .
Report Sam ar ium  c oba l t  ( S m Co )  m agn e t s  gen e r a l l y  b e long  t o  t he  r a r e - ea r t h  f a m i l y  o f  
pe r m ane n t  m ag ne t s .  T hey  a r e  m an u f ac t u r ed  f r om  a l l o y  m e t a l  a nd  exh ib i t  exc ep t i ona l  
m ag ne t i c  p r ope r t i es .  T hey  a r e  w ide l y  ava i l ab le  i n  num er ous  sha pes ,  i nc lu d ing  d i sc s ,  
Highlight and cy l i n de r s ,  b loc ks  an d  ba r s  t h a t  d i f f e r  on  t he  b as i s  o f  s i z e  and  g r a des .  
Due  t o  t he i r  se ve r a l  a dvan t ages ,  su ch  as  h igh  r e s i s t an ce  t o  co r r os i on  o r  
Description dem agne t i za t i o n ,  exce l l en t  t em per a t u r e  s t ab i l i t y  and  m in im a l  c hange  i n  m agn e t i c  ou t p u t ,  t h e r e  h as  bee n  a  s ign i f i can t  i nc r e ase  i n  t he  ad op t i on  o f  Sm C o m agn e t s  i n  
t he  p r o duc t io n  o f  t u r bo  m ac h ine r y ,  m o t o r s  an d  e le c t r i c  m o t o r s ,  sen so r s ,  pu m p  
cou p l i ngs  a nd  t r ave l i ng - w ave  t ubes .
Reque st  f o r  a  PDF  sam pl e  o f  t h i s  re por t :  
h t t p s : / / www. im ar c g r ou p . com / p r e f eas ib i l i t y - r epo r t - sa m ar iu m - co ba l t - m ag ne t - m anu f ac t
u r i ng - p lan t / r eq ues t sam p le
Report Description
G lo b a l  S a m a r i u m  C o b a l t  M a g n e t s  M a r k e t  T r e n d s :
T h e  g l o b a l  m a r k e t  i s  p r i m a r i l y  d r i v e n  b y  t h e  r i s i n g  p r o d u c t  d e m a n d  f r o m  t h e  a u t o m o t i v e  i n d u s t r y .  T h i s  c a n  b e  a t t r i b u t e d  t o  t h e  
w i d e s p r e a d  a d o p t i o n  o f  s a m a r i u m  c o b a l t  m a g n e t s  i n  t h e  m a n u f a c tu r i n g  o f  l o c k i n g  s y s t e m s  a n d  w i n d s h i e l d  w i p e r s  o f  v e h i c l e s .  I n  
l i n e  w i t h  t h i s ,  t h e  i n c r e a s i n g  d e m a n d  f o r  e l e c t r i c  v e h i c l e s  ( E V s )  a n d  h y b r i d  v e h i c l e s  a m o n g  t h e  m a s s e s  i s  a n o t h e r  v i t a l  f a c t o r  
d r i v i n g  t h e  m a r k e t  g r o w t h .  A l o n g  w i t h  t h i s ,  t h e  e x t e n s i v e  a p p l i c a t i o n  o f  S m C o  m a g n e t s  i n  t h e  p r o d u c t i o n  o f  f l i g h t  n a v i g a t i o n  
s y s t e m s  t h a t  a i d  i n  d e te r m i n i n g  c a r d i n a l  d i r e c t i o n s  i s  p r o v i d i n g  a  b o o s t  t o  t h e  g r o w th  o f  t h e  m a r k e t .  
M o r e o v e r ,  t h e  g r o w i n g  i n v e s tm e n t s  b y  p u b l i c  a n d  p r i v a t e  a g e n c i e s  i n  t h e  m a n u f a c tu r i n g  o f  a d v a n c e d  m i l i t a r y  w e a p o n s  a r e  a l s o  
i m p a c t i n g  t h e  m a r k e t  f a v o r a b l y .  A d d i t i o n a l l y ,  c o n t i n u a l  t e c h n o l o g i c a l  a d v a n c e m e n ts ,  s u c h  a s  t h e  m i n i a t u r i z a t i o n  o f  e q u i p m e n t ,  
a n d  t h e  r i s i n g  i n t e g r a t i o n  o f  h i g h  m a g n e t i c  s t r e n g th  i n  n e w  a n d  e x i s t i n g  a p p l i c a t i o n s ,  a r e  c r e a t i n g  a  p o s i t i v e  m a r k e t  o u t l o o k .  
S o m e  o f  t h e  o t h e r  f a c t o r s  d r i v i n g  t h e  m a r k e t  i n c l u d e  r a p i d  i n d u s t r i a l i z a t i o n ,  t h e  g r o w i n g  a d o p t i o n  o f  c o n s u m e r  e l e c t r o n i c s  a n d  
e x t e n s i v e  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s  c o n d u c t e d  b y  k e y  p l a y e r s .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c ip a t e d  t o  r e a c h  a  v a lu e  o f  U S $  7 4 2 . 8  M i l l i o n  b y  2 0 3 2 ,  e x h i b i t i n g  a  C A G R  o f  2 . 8 %  d u r in g  
2 0 2 4 - 2 0 3 2 .
V ie w  R e p o r t  T O C ,  F ig u r e s  a n d  T a b l e s :  
h t t p s : / / w ww . i m a r c g r o u p .c o m / p r e f e a s i b i l i t y - r e p o r t - s a m a r iu m - c o b a l t - m a g n e t - m a n u f a c t u r in g - p la n t
Breakup by Application:
• Defence
• Aerospace
• Electronics
• Medical  Devices 
• Others
Report 
Segmentation Breakup by Region:
• China
• USA
• Europe
• Others
• NingBo NingGang Permanent Magnetic 
Materials Co.,  Ltd. (NGYC)
• Ningbo Ketian Magnet Co.,  Ltd.
Competitive • Arnold Magnetic Technologies Corporation
• ADAMS Magnetic Products Co.
Landscape 
• Bunting
with Key • Ecl ipse Magnetics Ltd.
Players • Hangzhou Permanent Magnet Group Ltd.
• Thomas & Skinner Inc.
What is the size of the global samarium cobalt 
magnets market?
What are the key factors driving the global 
Key samarium cobalt magnets market?
Questions 
Answered in What has been the impact of COVID-19 on the global samarium cobalt magnets market?
the Report
What is the breakup of the global samarium cobalt 
magnets market based on the application?
What are the key regions in the global samarium 
cobalt magnets market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5    G l o b a l  R a r e  E a r t h  M a g n e t s  I n d u s t r y
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
        5 . 2 . 1  S a l e s  V o l u m e  T r e n d s
        5 . 2 . 2  S a l e s  V a l u e  T r e n d s
    5 . 3     M a r k e t  B r e a k u p  b y  M a g n e t  T y p e
    5 . 4     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    5 . 5     M a r k e t  F o r e c a s t
    5 . 6     M a j o r  P l a y e r s
6    G l o b a l  S a m a r i u m  C o b a l t  M a g n e t s  I n d u s t r y
    6 . 1     M a r k e t  O v e r v i e w
    6 . 2     M a r k e t  P e r f o r m a n c e
        6 . 2 . 1  V o l u m e  T r e n d s
        6 . 2 . 2  V a l u e  T r e n d s
    6 . 3     I m p a c t  o f  C O V I D - 1 9
    6 . 4     P r i c e  A n a l y s i s
       
        6 . 4 . 1  K e y  P r i c e  I n d i c a to r s
        6 . 4 . 2  P r i c e  S t r u c t u r e
        6 . 4 . 3  P r i c e  T r e n d s
    6 . 5     M a r k e t  B r e a k u p  b y  R e g i o n
    6 . 6     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    6 . 7     M a r k e t  F o r e c a s t
    6 . 8     S W O T  A n a l y s i s
        6 . 8 . 1  O v e r v i e w  
        6 . 8 . 2  S t r e n g t h s
        6 . 8 . 3  We a k n e s s e s
Table of         6 . 8 . 4  O p p o r t u n i t i e s
        6 . 8 . 5  T h r e a t s
    6 . 9     V a l u e  C h a i n  A n a l y s i s
Contents         6 . 9 . 1  R a r e  E a r t h  M i n i n g  a n d  M i l l i n g  C o m p a n i e s        6 . 9 . 2  R a r e  E a r t h  O x i d e  M a n u f a c t u r e r s
        6 . 9 . 3  R a r e  E a r t h  M e t a l  M a n u f a c tu r e r s
        6 . 9 . 4  R a r e  E a r t h  A l l o y  M a n u fa c t u r e r s
        6 . 9 . 5  R a r e  E a r t h  M a g n e t  M a n u f a c tu r e r s
        6 . 9 . 6  P r o d u c t  D i s t r i b u t i o n
        6 . 9 . 7  S c r a p  M a g n e t s  R e mo v i n g  a n d  S e p a r a t i n g  C o m p a n i e s
        6 . 9 . 8  R e c y c l i n g  C o m p a n i e s
    6 . 1 0     P o r t e r ’ s  F i v e  F o r c e s  A n a l y s i s
        6 . 1 0 . 1  O v e r v i e w
        6 . 1 0 . 2  B a r g a i n i n g  P o w e r  o f  B u y e r s
        6 . 1 0 . 3  B a r g a i n i n g  P o w e r  o f  S u p p l i e r s
        6 . 1 0 . 4  D e g r e e  o f  R i v a l r y
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