The Europe samarium cobalt magnets market is witnessing high growth on an account of increasing applications. The report estimates the market size of Europe 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. Europe samarium cobalt magnets market was valued at $30.33 million in 2013 and is expected to reach $41.20 million by 2019, growing at a CAGR of 5.9% from 2014 to 2019. The Europe 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 ‘Europe 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 2012 and are expected to continue the same in coming years. Consumer electronics holds majority of the share in the European SmCo magnets and is estimated to grow at a CAGR of 4.5% during the forecasted period. Aerospace & Defence and automotive markets have been witnessing the maximum growth because of the growing trend of modernization and electrification to improve efficiencies and reduce the cost of production. Aerospace & Defence market is estimated to grow at a CAGR of 8.5% for the period under consideration.
The report covers Europe samarium cobalt magnets market and its trends concerning with major countries, namely Germany, U.K., France, and Italy. Germany is the dominant country for the consumption of SmCo magnets in the region. U.K.’s SmCo magnets market is estimated to experience high growth and projected to grow at a CAGR of 6.4% for the forecasted period. The demand for advanced materials such as SmCo magnets that are used in automobiles, aerospace, and the manufacturing industry would continue to drive the European samarium cobalt magnets market.
This report is focused on the detailed study of the Europe 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 Europe samarium cobalt magnets market. The report also provides an extensive competitive landscaping of companies operating in this market. Europe 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 in the region
- Porter’s Five force analysis for the Europe 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 Europe SmCo magnets market.
- Scale analysis
- Comparison with respect to the global SmCo Magnets Market
- New technology trends
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Asia-Pacific Permanent Magnet
The Asia-Pacific permanent magnet market was valued at $9.75 billion in 2012 and is projected to reach $15.80 billion by 2018, growing at a CAGR of 8.8% between 2013 and 2018. This market is mainly driven by the growing demand for permanent magnets due to rising demand for miniaturization together with advancement in technology.
North America Permanent Magnet
North America’s permanent magnet market was valued at $850.0 million in 2012 and is expected to reach $1,500 million by 2018, growing at a CAGR of 8.4% from 2013 to 2018. The market is majorly driven by the budding demand for permanent magnets, which is primarily due to an increase in the demand for advanced materials in existing and emerging applications.
Europe Permanent Magnet
The European permanent magnet market was valued at $700.0 million in 2012 and is expected to reach $1,100.0 million by 2018, growing at a CAGR of 6.6% from 2013 to 2018. This market is experiencing significant growth mainly driven by an increase in the demand for advanced materials in existing and emerging applications.
Middle East and Africa Permanent Magnet
Middle East and Africa’s permanent magnet market was valued at $130.0 million in 2012 and is estimated to reach $220.0 million by 2018, growing at a CAGR of 8.0% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries such as Saudi Arabia, which will boost the permanent magnet consumption in the region.
Latin America Permanent Magnet
Latin America’s permanent magnet market was valued at $80.0 million in 2012 and is estimated to reach $180.0 million by 2018, growing at a CAGR of 12.5% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries, which will boost the permanent magnet consumption in the region.