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Global SmCo Magnet Market Research Report 2024
Synopsis
The global SmCo Magnet market was valued at US$ 512 million in 2023 and is anticipated to reach US$ 730.1 million by 2030, witnessing a CAGR of 5.2% during the forecast period 2024-2030.
SmCo magnets, also known as samarium cobalt magnets, are a type of rare-earth magnet known for their high magnetic strength and temperature resistance. Several driving factors contribute to the demand and use of SmCo magnets:
1. High magnetic performance: SmCo magnets have one of the highest magnetic energy products among commercially available magnets. They possess excellent magnetic strength and provide strong magnetic fields, making them ideal for applications that require high performance, such as motors, sensors, and magnetic couplings.
2. Temperature stability: SmCo magnets have high resistance to demagnetization at elevated temperatures. They can retain their magnetic properties at temperatures exceeding other magnet types, making them suitable for applications that involve high temperatures, such as aerospace, automotive, and certain industrial applications.
3. Strong corrosion resistance: SmCo magnets have excellent corrosion resistance, making them suitable for use in harsh environments. They do not require additional coatings or protective measures in many applications, reducing the need for maintenance and allowing for longer lifespan in corrosive environments.
4. Compact size: SmCo magnets have high energy density, meaning they can provide strong magnetic fields in smaller sizes compared to other magnets. This compact size makes them a preferred choice for applications where space is limited, such as miniaturized electronic devices and medical equipment.
5. Long-term stability: SmCo magnets have excellent long-term stability. They demonstrate minimal irreversible losses in magnetic properties over time, ensuring their performance and reliability over extended periods.
6. Niche applications: SmCo magnets find extensive use in niche applications that require specific magnetic properties. These include aerospace and defense applications, high-temperature environments, magnetic separators, magnetic couplings, and high-end audio equipment, among others.
7. Limited availability: SmCo magnets are considered rare-earth magnets, and their production relies on the availability of raw materials, such as samarium and cobalt. The limited availability of these resources and the complex manufacturing process make SmCo magnets relatively expensive compared to other magnet types. However, their unique properties and performance justify their cost in certain applications.
These factors collectively contribute to the demand for SmCo magnets in various industries and applications that require high magnetic performance, temperature stability, and resistance to corrosion.
This report aims to provide a comprehensive presentation of the global market for SmCo Magnet, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SmCo Magnet.
Report Scope
The SmCo Magnet market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global SmCo Magnet market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the SmCo Magnet manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Master Magnetics
MS-Schramberg GmbH & Co. KG
Ningbo Zhaobao Magnet
ThyssenKrupp Magnettechnik
Magma Magnets Manufacturing
Magengine
LOGIMAG
HEINRICH KIPP WERK KG
ECLIPSE MAGNETICS
CALAMIT
Dura Magnetics
Arnold Magnetic Technologies
Armstrong Magnetics
Segment by Type
200℃
300℃
350℃
Other
Segment by Application
Space
National Defense
Communication
Medical Equipment
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of SmCo Magnet manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of SmCo Magnet by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of SmCo Magnet in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global SmCo Magnet market was valued at US$ 512 million in 2023 and is anticipated to reach US$ 730.1 million by 2030, witnessing a CAGR of 5.2% during the forecast period 2024-2030.
SmCo magnets, also known as samarium cobalt magnets, are a type of rare-earth magnet known for their high magnetic strength and temperature resistance. Several driving factors contribute to the demand and use of SmCo magnets:
1. High magnetic performance: SmCo magnets have one of the highest magnetic energy products among commercially available magnets. They possess excellent magnetic strength and provide strong magnetic fields, making them ideal for applications that require high performance, such as motors, sensors, and magnetic couplings.
2. Temperature stability: SmCo magnets have high resistance to demagnetization at elevated temperatures. They can retain their magnetic properties at temperatures exceeding other magnet types, making them suitable for applications that involve high temperatures, such as aerospace, automotive, and certain industrial applications.
3. Strong corrosion resistance: SmCo magnets have excellent corrosion resistance, making them suitable for use in harsh environments. They do not require additional coatings or protective measures in many applications, reducing the need for maintenance and allowing for longer lifespan in corrosive environments.
4. Compact size: SmCo magnets have high energy density, meaning they can provide strong magnetic fields in smaller sizes compared to other magnets. This compact size makes them a preferred choice for applications where space is limited, such as miniaturized electronic devices and medical equipment.
5. Long-term stability: SmCo magnets have excellent long-term stability. They demonstrate minimal irreversible losses in magnetic properties over time, ensuring their performance and reliability over extended periods.
6. Niche applications: SmCo magnets find extensive use in niche applications that require specific magnetic properties. These include aerospace and defense applications, high-temperature environments, magnetic separators, magnetic couplings, and high-end audio equipment, among others.
7. Limited availability: SmCo magnets are considered rare-earth magnets, and their production relies on the availability of raw materials, such as samarium and cobalt. The limited availability of these resources and the complex manufacturing process make SmCo magnets relatively expensive compared to other magnet types. However, their unique properties and performance justify their cost in certain applications.
These factors collectively contribute to the demand for SmCo magnets in various industries and applications that require high magnetic performance, temperature stability, and resistance to corrosion.
This report aims to provide a comprehensive presentation of the global market for SmCo Magnet, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SmCo Magnet.
Report Scope
The SmCo Magnet market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global SmCo Magnet market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the SmCo Magnet manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Master Magnetics
MS-Schramberg GmbH & Co. KG
Ningbo Zhaobao Magnet
ThyssenKrupp Magnettechnik
Magma Magnets Manufacturing
Magengine
LOGIMAG
HEINRICH KIPP WERK KG
ECLIPSE MAGNETICS
CALAMIT
Dura Magnetics
Arnold Magnetic Technologies
Armstrong Magnetics
Segment by Type
200℃
300℃
350℃
Other
Segment by Application
Space
National Defense
Communication
Medical Equipment
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of SmCo Magnet manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of SmCo Magnet by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of SmCo Magnet in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 SmCo Magnet Market Overview
1.1 Product Definition
1.2 SmCo Magnet Segment by Type
1.2.1 Global SmCo Magnet Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 200℃
1.2.3 300℃
1.2.4 350℃
1.2.5 Other
1.3 SmCo Magnet Segment by Application
1.3.1 Global SmCo Magnet Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Space
1.3.3 National Defense
1.3.4 Communication
1.3.5 Medical Equipment
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global SmCo Magnet Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global SmCo Magnet Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global SmCo Magnet Production Estimates and Forecasts (2019-2030)
1.4.4 Global SmCo Magnet Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global SmCo Magnet Production Market Share by Manufacturers (2019-2024)
2.2 Global SmCo Magnet Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of SmCo Magnet, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global SmCo Magnet Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global SmCo Magnet Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of SmCo Magnet, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of SmCo Magnet, Product Offered and Application
2.8 Global Key Manufacturers of SmCo Magnet, Date of Enter into This Industry
2.9 SmCo Magnet Market Competitive Situation and Trends
2.9.1 SmCo Magnet Market Concentration Rate
2.9.2 Global 5 and 10 Largest SmCo Magnet Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 SmCo Magnet Production by Region
3.1 Global SmCo Magnet Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global SmCo Magnet Production Value by Region (2019-2030)
3.2.1 Global SmCo Magnet Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of SmCo Magnet by Region (2025-2030)
3.3 Global SmCo Magnet Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global SmCo Magnet Production by Region (2019-2030)
3.4.1 Global SmCo Magnet Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of SmCo Magnet by Region (2025-2030)
3.5 Global SmCo Magnet Market Price Analysis by Region (2019-2024)
3.6 Global SmCo Magnet Production and Value, Year-over-Year Growth
3.6.1 North America SmCo Magnet Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe SmCo Magnet Production Value Estimates and Forecasts (2019-2030)
3.6.3 China SmCo Magnet Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan SmCo Magnet Production Value Estimates and Forecasts (2019-2030)
4 SmCo Magnet Consumption by Region
4.1 Global SmCo Magnet Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global SmCo Magnet Consumption by Region (2019-2030)
4.2.1 Global SmCo Magnet Consumption by Region (2019-2024)
4.2.2 Global SmCo Magnet Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America SmCo Magnet Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America SmCo Magnet Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe SmCo Magnet Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe SmCo Magnet Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific SmCo Magnet Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific SmCo Magnet Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa SmCo Magnet Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa SmCo Magnet Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global SmCo Magnet Production by Type (2019-2030)
5.1.1 Global SmCo Magnet Production by Type (2019-2024)
5.1.2 Global SmCo Magnet Production by Type (2025-2030)
5.1.3 Global SmCo Magnet Production Market Share by Type (2019-2030)
5.2 Global SmCo Magnet Production Value by Type (2019-2030)
5.2.1 Global SmCo Magnet Production Value by Type (2019-2024)
5.2.2 Global SmCo Magnet Production Value by Type (2025-2030)
5.2.3 Global SmCo Magnet Production Value Market Share by Type (2019-2030)
5.3 Global SmCo Magnet Price by Type (2019-2030)
6 Segment by Application
6.1 Global SmCo Magnet Production by Application (2019-2030)
6.1.1 Global SmCo Magnet Production by Application (2019-2024)
6.1.2 Global SmCo Magnet Production by Application (2025-2030)
6.1.3 Global SmCo Magnet Production Market Share by Application (2019-2030)
6.2 Global SmCo Magnet Production Value by Application (2019-2030)
6.2.1 Global SmCo Magnet Production Value by Application (2019-2024)
6.2.2 Global SmCo Magnet Production Value by Application (2025-2030)
6.2.3 Global SmCo Magnet Production Value Market Share by Application (2019-2030)
6.3 Global SmCo Magnet Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Master Magnetics
7.1.1 Master Magnetics SmCo Magnet Corporation Information
7.1.2 Master Magnetics SmCo Magnet Product Portfolio
7.1.3 Master Magnetics SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Master Magnetics Main Business and Markets Served
7.1.5 Master Magnetics Recent Developments/Updates
7.2 MS-Schramberg GmbH & Co. KG
7.2.1 MS-Schramberg GmbH & Co. KG SmCo Magnet Corporation Information
7.2.2 MS-Schramberg GmbH & Co. KG SmCo Magnet Product Portfolio
7.2.3 MS-Schramberg GmbH & Co. KG SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.2.4 MS-Schramberg GmbH & Co. KG Main Business and Markets Served
7.2.5 MS-Schramberg GmbH & Co. KG Recent Developments/Updates
7.3 Ningbo Zhaobao Magnet
7.3.1 Ningbo Zhaobao Magnet SmCo Magnet Corporation Information
7.3.2 Ningbo Zhaobao Magnet SmCo Magnet Product Portfolio
7.3.3 Ningbo Zhaobao Magnet SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Ningbo Zhaobao Magnet Main Business and Markets Served
7.3.5 Ningbo Zhaobao Magnet Recent Developments/Updates
7.4 ThyssenKrupp Magnettechnik
7.4.1 ThyssenKrupp Magnettechnik SmCo Magnet Corporation Information
7.4.2 ThyssenKrupp Magnettechnik SmCo Magnet Product Portfolio
7.4.3 ThyssenKrupp Magnettechnik SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ThyssenKrupp Magnettechnik Main Business and Markets Served
7.4.5 ThyssenKrupp Magnettechnik Recent Developments/Updates
7.5 Magma Magnets Manufacturing
7.5.1 Magma Magnets Manufacturing SmCo Magnet Corporation Information
7.5.2 Magma Magnets Manufacturing SmCo Magnet Product Portfolio
7.5.3 Magma Magnets Manufacturing SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Magma Magnets Manufacturing Main Business and Markets Served
7.5.5 Magma Magnets Manufacturing Recent Developments/Updates
7.6 Magengine
7.6.1 Magengine SmCo Magnet Corporation Information
7.6.2 Magengine SmCo Magnet Product Portfolio
7.6.3 Magengine SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Magengine Main Business and Markets Served
7.6.5 Magengine Recent Developments/Updates
7.7 LOGIMAG
7.7.1 LOGIMAG SmCo Magnet Corporation Information
7.7.2 LOGIMAG SmCo Magnet Product Portfolio
7.7.3 LOGIMAG SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.7.4 LOGIMAG Main Business and Markets Served
7.7.5 LOGIMAG Recent Developments/Updates
7.8 HEINRICH KIPP WERK KG
7.8.1 HEINRICH KIPP WERK KG SmCo Magnet Corporation Information
7.8.2 HEINRICH KIPP WERK KG SmCo Magnet Product Portfolio
7.8.3 HEINRICH KIPP WERK KG SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.8.4 HEINRICH KIPP WERK KG Main Business and Markets Served
7.7.5 HEINRICH KIPP WERK KG Recent Developments/Updates
7.9 ECLIPSE MAGNETICS
7.9.1 ECLIPSE MAGNETICS SmCo Magnet Corporation Information
7.9.2 ECLIPSE MAGNETICS SmCo Magnet Product Portfolio
7.9.3 ECLIPSE MAGNETICS SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.9.4 ECLIPSE MAGNETICS Main Business and Markets Served
7.9.5 ECLIPSE MAGNETICS Recent Developments/Updates
7.10 CALAMIT
7.10.1 CALAMIT SmCo Magnet Corporation Information
7.10.2 CALAMIT SmCo Magnet Product Portfolio
7.10.3 CALAMIT SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.10.4 CALAMIT Main Business and Markets Served
7.10.5 CALAMIT Recent Developments/Updates
7.11 Dura Magnetics
7.11.1 Dura Magnetics SmCo Magnet Corporation Information
7.11.2 Dura Magnetics SmCo Magnet Product Portfolio
7.11.3 Dura Magnetics SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Dura Magnetics Main Business and Markets Served
7.11.5 Dura Magnetics Recent Developments/Updates
7.12 Arnold Magnetic Technologies
7.12.1 Arnold Magnetic Technologies SmCo Magnet Corporation Information
7.12.2 Arnold Magnetic Technologies SmCo Magnet Product Portfolio
7.12.3 Arnold Magnetic Technologies SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Arnold Magnetic Technologies Main Business and Markets Served
7.12.5 Arnold Magnetic Technologies Recent Developments/Updates
7.13 Armstrong Magnetics
7.13.1 Armstrong Magnetics SmCo Magnet Corporation Information
7.13.2 Armstrong Magnetics SmCo Magnet Product Portfolio
7.13.3 Armstrong Magnetics SmCo Magnet Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Armstrong Magnetics Main Business and Markets Served
7.13.5 Armstrong Magnetics Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 SmCo Magnet Industry Chain Analysis
8.2 SmCo Magnet Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 SmCo Magnet Production Mode & Process
8.4 SmCo Magnet Sales and Marketing
8.4.1 SmCo Magnet Sales Channels
8.4.2 SmCo Magnet Distributors
8.5 SmCo Magnet Customers
9 SmCo Magnet Market Dynamics
9.1 SmCo Magnet Industry Trends
9.2 SmCo Magnet Market Drivers
9.3 SmCo Magnet Market Challenges
9.4 SmCo Magnet Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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