Global Samarium Cobalt (SmCo) Market Growth 2025-2031
Product Code:1511273
Published Date: May 10,2025
Pages: 97
Region: Global
Category: Chemical & Material
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The global Samarium Cobalt (SmCo) market size is predicted to grow from US$ 501 million in 2025 to US$ 647 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Samarium Cobalt (SmCo) is a type of rare earth permanent magnet made primarily from an alloy of samarium (Sm) and cobalt (Co). It belongs to the family of rare earth magnets and is known for its exceptionally high magnetic strength, excellent thermal stability, and resistance to corrosion and demagnetization. SmCo magnets operate effectively at high temperatures (up to 350°C or higher) and are commonly used in aerospace, military, medical devices, and high-performance motors where both high magnetic performance and environmental resistance are critical.
United States market for Samarium Cobalt (SmCo) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Samarium Cobalt (SmCo) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Samarium Cobalt (SmCo) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Samarium Cobalt (SmCo) players cover Shin-Etsu, VAC, Galaxy Magnetic, HPMG, NGYC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Samarium Cobalt (SmCo) Industry Forecast” looks at past sales and reviews total world Samarium Cobalt (SmCo) sales in 2024, providing a comprehensive analysis by region and market sector of projected Samarium Cobalt (SmCo) sales for 2025 through 2031. With Samarium Cobalt (SmCo) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Samarium Cobalt (SmCo) industry.
This Insight Report provides a comprehensive analysis of the global Samarium Cobalt (SmCo) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Samarium Cobalt (SmCo) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Samarium Cobalt (SmCo) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Samarium Cobalt (SmCo) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Samarium Cobalt (SmCo).
This report presents a comprehensive overview, market shares, and growth opportunities of Samarium Cobalt (SmCo) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
SmCo5
Sm2Co17
Segmentation by Application:
Aerospace & Defense
Automotive
Industrial Machinery
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Samarium Cobalt (SmCo) market?
What factors are driving Samarium Cobalt (SmCo) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Samarium Cobalt (SmCo) market opportunities vary by end market size?
How does Samarium Cobalt (SmCo) break out by Type, by Application?