Samarium Cobalt Magnets Market Size, Share, Trend, Growth Prospects, Key Drivers and Opportunity Analysis
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.
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.
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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.
Scope of the Samarium Cobalt Magnets Market Report:
- 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 Regional Analysis/Insights
The Samarium Cobalt Magnets market is analyzed and market size insights and trends are provided by country, material type, end user 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.
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