The global Samarium-Cobalt Magnet market size was valued at US$ 494 million in 2024 and is forecast to a readjusted size of USD 652 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鈥檚 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.
This report is a detailed and comprehensive analysis for global Samarium-Cobalt Magnet market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Samarium-Cobalt Magnet market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2020-2031
Global Samarium-Cobalt Magnet market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2020-2031
Global Samarium-Cobalt Magnet market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2020-2031
Global Samarium-Cobalt Magnet market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/Kg), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Samarium-Cobalt Magnet
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Samarium-Cobalt Magnet market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Shin-Etsu, VAC, Galaxy Magnetic, HPMG, NGYC, CO-STAR, Tianhe Magnetics, Electron Energy Corp, Arnold Magnetic, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Samarium-Cobalt Magnet market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
SmCo5
Sm2Co17
麻豆原创 segment by Application
Aerospace & Defense
Automotive
Industrial Machinery
Others
Major players covered
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic
麻豆原创 segment by region, regional analysis covers
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)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Samarium-Cobalt Magnet product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Samarium-Cobalt Magnet, with price, sales quantity, revenue, and global market share of Samarium-Cobalt Magnet from 2020 to 2025.
Chapter 3, the Samarium-Cobalt Magnet competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Samarium-Cobalt Magnet 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 by Application, with sales market share and growth rate by Type, by 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 2025.and Samarium-Cobalt Magnet market forecast, by regions, by Type, and by 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 Samarium-Cobalt Magnet.
Chapter 14 and 15, to describe Samarium-Cobalt Magnet sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Samarium-Cobalt Magnet Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 SmCo5
1.3.3 Sm2Co17
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Samarium-Cobalt Magnet Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Aerospace & Defense
1.4.3 Automotive
1.4.4 Industrial Machinery
1.4.5 Others
1.5 Global Samarium-Cobalt Magnet 麻豆原创 Size & Forecast
1.5.1 Global Samarium-Cobalt Magnet Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Samarium-Cobalt Magnet Sales Quantity (2020-2031)
1.5.3 Global Samarium-Cobalt Magnet Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Shin-Etsu
2.1.1 Shin-Etsu Details
2.1.2 Shin-Etsu Major Business
2.1.3 Shin-Etsu Samarium-Cobalt Magnet Product and Services
2.1.4 Shin-Etsu Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 Shin-Etsu Recent Developments/Updates
2.2 VAC
2.2.1 VAC Details
2.2.2 VAC Major Business
2.2.3 VAC Samarium-Cobalt Magnet Product and Services
2.2.4 VAC Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 VAC Recent Developments/Updates
2.3 Galaxy Magnetic
2.3.1 Galaxy Magnetic Details
2.3.2 Galaxy Magnetic Major Business
2.3.3 Galaxy Magnetic Samarium-Cobalt Magnet Product and Services
2.3.4 Galaxy Magnetic Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Galaxy Magnetic Recent Developments/Updates
2.4 HPMG
2.4.1 HPMG Details
2.4.2 HPMG Major Business
2.4.3 HPMG Samarium-Cobalt Magnet Product and Services
2.4.4 HPMG Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 HPMG Recent Developments/Updates
2.5 NGYC
2.5.1 NGYC Details
2.5.2 NGYC Major Business
2.5.3 NGYC Samarium-Cobalt Magnet Product and Services
2.5.4 NGYC Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 NGYC Recent Developments/Updates
2.6 CO-STAR
2.6.1 CO-STAR Details
2.6.2 CO-STAR Major Business
2.6.3 CO-STAR Samarium-Cobalt Magnet Product and Services
2.6.4 CO-STAR Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 CO-STAR Recent Developments/Updates
2.7 Tianhe Magnetics
2.7.1 Tianhe Magnetics Details
2.7.2 Tianhe Magnetics Major Business
2.7.3 Tianhe Magnetics Samarium-Cobalt Magnet Product and Services
2.7.4 Tianhe Magnetics Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Tianhe Magnetics Recent Developments/Updates
2.8 Electron Energy Corp
2.8.1 Electron Energy Corp Details
2.8.2 Electron Energy Corp Major Business
2.8.3 Electron Energy Corp Samarium-Cobalt Magnet Product and Services
2.8.4 Electron Energy Corp Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Electron Energy Corp Recent Developments/Updates
2.9 Arnold Magnetic
2.9.1 Arnold Magnetic Details
2.9.2 Arnold Magnetic Major Business
2.9.3 Arnold Magnetic Samarium-Cobalt Magnet Product and Services
2.9.4 Arnold Magnetic Samarium-Cobalt Magnet Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Arnold Magnetic Recent Developments/Updates
3 Competitive Environment: Samarium-Cobalt Magnet by Manufacturer
3.1 Global Samarium-Cobalt Magnet Sales Quantity by Manufacturer (2020-2025)
3.2 Global Samarium-Cobalt Magnet Revenue by Manufacturer (2020-2025)
3.3 Global Samarium-Cobalt Magnet Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Samarium-Cobalt Magnet by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Samarium-Cobalt Magnet Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Samarium-Cobalt Magnet Manufacturer 麻豆原创 Share in 2024
3.5 Samarium-Cobalt Magnet 麻豆原创: Overall Company Footprint Analysis
3.5.1 Samarium-Cobalt Magnet 麻豆原创: Region Footprint
3.5.2 Samarium-Cobalt Magnet 麻豆原创: Company Product Type Footprint
3.5.3 Samarium-Cobalt Magnet 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Samarium-Cobalt Magnet 麻豆原创 Size by Region
4.1.1 Global Samarium-Cobalt Magnet Sales Quantity by Region (2020-2031)
4.1.2 Global Samarium-Cobalt Magnet Consumption Value by Region (2020-2031)
4.1.3 Global Samarium-Cobalt Magnet Average Price by Region (2020-2031)
4.2 North America Samarium-Cobalt Magnet Consumption Value (2020-2031)
4.3 Europe Samarium-Cobalt Magnet Consumption Value (2020-2031)
4.4 Asia-Pacific Samarium-Cobalt Magnet Consumption Value (2020-2031)
4.5 South America Samarium-Cobalt Magnet Consumption Value (2020-2031)
4.6 Middle East & Africa Samarium-Cobalt Magnet Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
5.2 Global Samarium-Cobalt Magnet Consumption Value by Type (2020-2031)
5.3 Global Samarium-Cobalt Magnet Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
6.2 Global Samarium-Cobalt Magnet Consumption Value by Application (2020-2031)
6.3 Global Samarium-Cobalt Magnet Average Price by Application (2020-2031)
7 North America
7.1 North America Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
7.2 North America Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
7.3 North America Samarium-Cobalt Magnet 麻豆原创 Size by Country
7.3.1 North America Samarium-Cobalt Magnet Sales Quantity by Country (2020-2031)
7.3.2 North America Samarium-Cobalt Magnet Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
8.2 Europe Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
8.3 Europe Samarium-Cobalt Magnet 麻豆原创 Size by Country
8.3.1 Europe Samarium-Cobalt Magnet Sales Quantity by Country (2020-2031)
8.3.2 Europe Samarium-Cobalt Magnet Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Samarium-Cobalt Magnet 麻豆原创 Size by Region
9.3.1 Asia-Pacific Samarium-Cobalt Magnet Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Samarium-Cobalt Magnet Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
10.2 South America Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
10.3 South America Samarium-Cobalt Magnet 麻豆原创 Size by Country
10.3.1 South America Samarium-Cobalt Magnet Sales Quantity by Country (2020-2031)
10.3.2 South America Samarium-Cobalt Magnet Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Samarium-Cobalt Magnet Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Samarium-Cobalt Magnet Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Samarium-Cobalt Magnet 麻豆原创 Size by Country
11.3.1 Middle East & Africa Samarium-Cobalt Magnet Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Samarium-Cobalt Magnet Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Samarium-Cobalt Magnet 麻豆原创 Drivers
12.2 Samarium-Cobalt Magnet 麻豆原创 Restraints
12.3 Samarium-Cobalt Magnet Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Samarium-Cobalt Magnet and Key Manufacturers
13.2 Manufacturing Costs Percentage of Samarium-Cobalt Magnet
13.3 Samarium-Cobalt Magnet Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Samarium-Cobalt Magnet Typical Distributors
14.3 Samarium-Cobalt Magnet Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic
听
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*If Applicable.
