The global samarium cobalt magnets market is witnessing high growth on an account of increasing applications. The report estimates the market size of global samarium cobalt magnets market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. The samarium cobalt magnets market was valued at $471.82 million in 2013 and is expected to reach $706.88 million by 2019, growing at a CAGR of 8.0% from 2014 to 2019. The global samarium cobalt magnets market is majorly driven by growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications.
Samarium cobalt magnets withstand a high temperature range (up to 350oC) and possess superior temperature coefficients and corrosion resistance. The report ‘Global America Samarium cobalt Magnets Market’ analyzes the SmCo magnets market by applications for seven major applications namely consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defence, and others. All of these applications of SmCo magnets experienced a positive growth till 2013 and are expected to continue the same in coming years. Consumer electronics holds majority of the share of global Samarium cobalt magnets market. Aerospace & defence and automotive markets have been witnessing the maximum growth because of the growing trend of modernization and electrification to improve efficiencies.
The report covers global samarium cobalt magnets market and its trends concerning with major regions, namely North America, Asia-pacific, Europe, South America, and Middle East and Africa. Asia-pacific is the dominant region for the production and consumption of SmCo magnets in the region. South America’s SmCo magnets market is estimated to experience high growth and projected to grow at a CAGR of 11.8% for the forecasted period. Though the market size is large in Asia-Pacific, it is growing at a fast pace due to rising demand from end-user industries, especially in countries such as China and Japan. The market is growing slowly in Europe and Eurasia, but it will continue to grow at a significant rate in the North American region.
This report is focused on the detailed study of the global samarium cobalt magnets market, based on its applications that utilized in different countries. Further, as a part of qualitative analysis, the research report provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the global samarium cobalt magnets market. The report also provides an extensive competitive landscaping of companies operating in this market. Global samarium cobalt magnets market also includes the company profiling and competitive strategies adopted by various market players including Hitachi, Shin-Etsu Chemical Co Ltd., Lynas Corp. Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group, Ningbo Yunsheng High-tech Magnetics Co., Ltd, Daido Steel Co., Ltd., and JPMF Guangdong Co. Ltd.
With Market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
- Analysis of the primary raw materials (Samarium, Cobalt) going into SmCo magnets
- Price Analysis for the SmCO magnets
- SWOT analysis for top market players
- Porter’s Five force analysis for the Global SmCo Magnets Market
- Detailed analysis of on-going research & development activities of permanent magnets
- Trade date for the SmCo magnets
- Trade data, by country
- Import-export data, by each country with other key countries of the world
- Burning issue and new opportunities in the SmCo magnets market.
- Scale analysis
- Comparison with respect to the global Permanent Magnet market
- New technology trends
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North America Samarium Cobalt Magnets
Samarium Cobalt Magnets-North America can be segmented by Applications and Ingredients. Applications of this market are Electrical & Electronics,
Europe Samarium Cobalt Magnets
Samarium Cobalt Magnets-Europe can be segmented by Applications and Ingredients. Applications of this market are Electrical & Electronics,
Middle East and Africa Samarium Cobalt Magnets
Samarium Cobalt Magnets-Middle East and Africa can be segmented by Applications and Ingredients. Applications of this market are Electrical & Electronics,
Latin America Samarium Cobalt Magnets
Samarium Cobalt Magnets-Latin America can be segmented by Applications and Ingredients. Applications of this market are Electrical & Electronics,
Asia-Pacific Samarium Cobalt Magnets
Samarium Cobalt Magnets-Asia-Pacific can be segmented by Applications and Ingredients. Applications of this market are Electrical & Electronics,