![]() The global samarium cobalt magnets market is sectored into product type, application, and region. Samarium Cobalt Magnets Market: Segmentation Analysis Request customized purchase options to meet your research needs. North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa Ltd., Shin-Etsu Chemical Co., Ltd., ADAMS Magnetic Products Co., Inc., Eclipse Magnetics Ltd., and Lynas Corporation, Ltd. Hangzhou Permanent Magnet Group (HPMG), Arnold Magnetic Technologies Corp., Ningbo Ketian Magnet Co., Ltd., Hitachi, Ltd., Molycorp Chemicals and Oxides, Ningbo NGYC (Ninggang Permanent Magnetic) Materials Co. However, the humungous penetration of samarium cobalt magnets in military activities and the medical equipment manufacturing sector will generate new growth dimensions for the samarium cobalt magnets industry across the globe.ĭirectly Purchase a copy of the report with TOC This, in turn, can decimate the growth of the global samarium cobalt magnets industry. Furthermore, they are brittle and can be cracked easily. Nonetheless, samarium cobalt magnets are expensive and are prone to price fluctuations & price sensitivity. All these abovementioned aspects will embellish the expansion of the samarium cobalt magnet market across the globe. Apart from this, they find large-scale applications in high-end electric motors and systems which function at cryogenic temperatures or high thermal climatic conditions. In addition to this, samarium cobalt magnets are utilized in turbomachinery, traveling wave tube field magnets, and benchtop NMR spectrometers. Apart from this, these magnets are oxidative resistant and find extensive applications in high temperatures & extreme conditions. Global Samarium Cobalt Magnets Market: Growth Factors & Restraintsįavorable features of samarium cobalt magnets such as resistance to demagnetization and corrosion will prop up the growth of the global samarium cobalt magnet market. “According to the latest research study, the demand of global Samarium Cobalt Magnets Market size & share in terms of revenue was valued at USD 15.5 billion in 2022 and it is expected to surpass around USD 19.9 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.7% during the forecast period 2023 to 2030.” NEW YORK, United States, (GLOBE NEWSWIRE) - Zion Market Research has published a new research report titled “Samarium Cobalt Magnets Market By Product Type (Cylinder, Ring, And Others), By Application (Industrial, Consumer Electronics, Medical Technology, Automotive, Aerospace & Defense, Environment & Energy, And Others), By End-User (Hospitals, Homecare, Specialty Clinics, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. Ltd., Shin-Etsu Chemical Co., Ltd., ADAMS Magnetic Products Co., Inc., Eclipse Magnetics Ltd., Lynas Corporation, Ltd., and others. The key market players are listed in the report with their sales, revenues and strategies are Hangzhou Permanent Magnet Group (HPMG), Arnold Magnetic Technologies Corp., Ningbo Ketian Magnet Co., Ltd., Hitachi, Ltd., Molycorp Chemicals and Oxides, Ningbo NGYC (Ninggang Permanent Magnetic) Materials Co. According to Zion Market Research, the Global Samarium Cobalt Magnets Market size was worth at USD 15.5 billion in 2022 and is estimated to grow about USD 19.9 billion by 2030, at a CAGR of approximately 7.7% between 20.
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