Samarium-Cobalt Magnet Market Size,Volume,Revenue Trends Analysis Report 2025-2031
"Samarium-Cobalt Magnet" 2025 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. Samarium-Cobalt Magnet trend analysis with historical data, estimates to 2025 and Compound Annual Growth Rate (CAGR) forecast to 2031.
According to our (Global Info Research) latest study, the global Samarium-Cobalt Magnet market size was valued at US$ 512 million in 2024 and is forecast to a readjusted size of USD 677 million by 2031 with a CAGR of 4.1% during review period.
Samarium-Cobalt (SmCo) magnets, developed in the early 1960s by Dr. Karl Strnat and Dr. Alden Rey, are a type of rare earth permanent magnet composed of an alloy of samarium and cobalt. Known for their high magnetic strength and superior temperature stability, SmCo magnets exhibit remanence comparable to neodymium magnets but with enhanced performance in high-temperature environments. These magnets come in two primary types: SmCo 1:5 and SmCo 2:17, each with specific properties and applications. The SmCo 1:5 variant offers a balance of performance and cost, while the SmCo 2:17 variant provides even higher magnetic strength and temperature resistance. Major global producers such as Shin-Etsu and VAC have established themselves as key players in the market, supplying these critical materials to various industries.
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%.Looking to the future, the demand for SmCo magnets is anticipated to grow significantly, driven by the ongoing advancements in the aerospace and defense sectors. As aerospace and defense applications increasingly require materials that can withstand extreme conditions while maintaining high magnetic performance, SmCo magnets are positioned to become a preferred choice. The narrowing price gap between SmCo and neodymium (NdFeB) magnets has led more manufacturers to invest in SmCo production, recognizing its superior qualities and expanding applications. Moreover, environmental pressures and rising production costs in developed nations are shifting the rare earth supply chain toward China, where a significant portion of rare earth materials is sourced. This trend highlights the critical role of SmCo magnets in meeting the evolving needs of high-performance applications, particularly in demanding industries such as aerospace and defense.
As the technological landscape evolves, the role of Samarium-Cobalt magnets continues to expand across various cutting-edge applications. The aerospace and defense sectors are major drivers of demand due to their need for materials that can maintain high performance under extreme conditions, including high temperatures and harsh environments. SmCo magnets are particularly valued in these industries for their ability to operate reliably in temperatures that can exceed the limits of other magnetic materials. This makes them ideal for use in advanced avionics, satellite systems, and military equipment where precision and durability are crucial. Additionally, the growing interest in electric and hybrid vehicles, where efficient and reliable magnetic components are essential, is likely to further boost the demand for SmCo magnets. As these vehicles require high-performance magnets for motors and actuators, SmCo’s superior temperature stability and magnetic strength offer significant advantages. Furthermore, as global efforts to reduce environmental impacts and improve energy efficiency intensify, SmCo magnets are poised to play a vital role in sustainable technology solutions. Their ability to enhance performance in smaller and more efficient designs aligns with the industry's push towards greener technologies. This trend underscores the increasing importance of SmCo magnets not only in traditional high-performance applications but also in emerging sectors focused on innovation and sustainability.
Top Key Players Covered in Market Report 2025-2031:Shin-Etsu、VAC、Galaxy Magnetic、HPMG、NGYC、CO-STAR、Tianhe Magnetics、Electron Energy Corp、Arnold Magnetic
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Short Description of the Samarium-Cobalt Magnet 2025-2031:
Market Overview of Global Samarium-Cobalt Magnet: According to our latest research, the global Samarium-Cobalt Magnet looks promising in the next 6 years. As of 2025, the global Samarium-Cobalt Magnet was estimated at USD Million, and it’s anticipated to reach USD Million in 2031, with a CAGR during the forecast years. This report covers a research time span from 2020 to 2031, and presents a deep and comprehensive analysis of the global Samarium-Cobalt Magnet, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Global and Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market Segmentation
Samarium-Cobalt Magnet report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.
On the basis of product type, this report displays the production, revenue, price, market
SmCo5、Sm2Co17
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each
Aerospace & Defense、Automotive、Industrial Machinery、Others
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Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.
Some of the Key Questions Answered in this Report:
- What is the Samarium-Cobalt Magnet size at the regional and country level
- What are the key drivers, restraints, opportunities, and challenges of the Samarium-Cobalt Magnet, and how they are expected to impact the market
- What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Samarium-Cobalt Magnet
- Who are the global key manufacturers of the Samarium-Cobalt Magnet? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
- What are the Samarium-Cobalt Magnet opportunities and threats faced by the vendors in the Samarium-Cobalt Magnet?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Samarium-Cobalt Magnet?
- What are the different sales, marketing, and distribution channels in the global industry?
- What are the key market trends impacting the growth of the Samarium-Cobalt Magnet?
- Economic Impact on the Samarium-Cobalt Magnet and development trend of the Samarium-Cobalt Magnet
- What are the Samarium-Cobalt Magnet opportunities, market risk, and market overview of the Samarium-Cobalt Magnet
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hydrogen Bromide product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hydrogen Bromide, with price, sales, revenue and global market share of Hydrogen Bromide from 2020 to 2025.
Chapter 3, the Hydrogen Bromide competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hydrogen Bromide breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2020 to 2024.and Samarium-Cobalt Magnet forecast, by regions, type and application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Bromide.
Chapter 14 and 15, to describe Hydrogen Bromide sales channel, distributors, customers, research findings and conclusion.
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