Global Samarium Cobalt Magnets Market, By Product Type (Cylinder, Ring, Others), Application (General Industrial, Consumer Electronics, Medical Technology, Automotive, Aerospace & Defense, Environment & Energy, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Samarium Cobalt Magnets Market
Samarium cobalt magnets market will grow at a rate of 3.95% for the forecast period of 2021 to 2028. Rise in demand from end-use industries such as consumer electronics and medical technology acts as a vital factor driving the growth of samarium cobalt magnets market.
Samarium cobalt magnet is made of an alloy of samarium and cobalt and is a strong permanent magnet and one of the rare earth magnets. Samarium cobalt magnet has a property called anisotropy, which is, samarium cobalt and can be magnetized only in the axis of their magnetic orientation.
Increase in the demand for permanent magnet in the automotive applications is the vital factor escalating the market growth, also rise in the demand for electric and hybrid vehicles from end-use consumers and rise in the research and development activities in the market are the major factors among others driving the samarium cobalt magnets market. Moreover, rise in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the samarium cobalt magnets market in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities in the market is the major factor among others acting as restraints, and will further challenge the growth of samarium cobalt magnets market in the forecast period mentioned above.
This samarium cobalt magnets market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on samarium cobalt magnets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Samarium Cobalt Magnets Market Scope and Market Size
Samarium cobalt magnets market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the samarium cobalt magnets market is segmented into cylinder, ring and others.
The samarium cobalt magnets market is also segmented on the basis of application into general industrial, consumer electronics, medical technology, automotive, aerospace & defense, environment & energy and others.
Samarium Cobalt Magnets Market Country Level Analysis
Samarium cobalt magnets market is analysed and market size, volume information is provided by product type and application as referenced above.
The countries covered in the samarium cobalt magnets market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific currently dominates and is also estimated to witness a high growth in the samarium cobalt magnets market over the forecast period due to rise in the demand for electric and hybrid vehicles from end-use consumers and rise in the research and development activities in the market in this region.
The country section of the samarium cobalt magnets market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Samarium Cobalt Magnets Market Share Analysis
Samarium cobalt magnets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to samarium cobalt magnets market.
The major players covered in the samarium cobalt magnets market report are Ningbo ketian Magnet Co., Ltd, adamsmagnetic, Arnold Magnetic Technologies, Eclipse Magnetics, Hangzhou Permanent Magnet Group, MOLYCORP CHEMICALS & OXIDES (EUROPE) LTD, Shin-Etsu Chemical Co., Ltd, Hitachi, Ltd and Lynas Rare Earths Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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