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Samarium Cobalt Permanent Magnet Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 980.73 Million
Market Size 2024 · Base Year
US$ 1,781.18 Million
Projected Market Size by 2031
8.90%
CAGR · 2025–2031
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BMIPUB00031698 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Arnold Magnetic Technologies Corporation, Electron Energy Corporation, NingBo NingGang Permanent Magnetic Materials Co., Ltd., Hangzhou Permanent Magnet Group Co., Ltd., Ningbo Ketian Magnet Co., Ltd.
200
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rising Demand in Aerospace and Defense Applications

  • Expansion in Medical Technology and Devices

  • Growth in Renewable Energy and Electric Vehicles

Where Growth Opportunities Exist

Key Opportunities

  • Technological Innovation and Advanced Manufacturing

  • Sustainable Sourcing and Recycling Initiatives

What Could Slow It Down

Market Restraints

  • High cos

  • Supply constraint

  • Limited applications

Market Segmentation

Coverage by Segment

Product Type

Cylinder
Ring
Others

Application

Defence
Aerospace
Medical Devices
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Arnold Magnetic Technologies Corporation
Electron Energy Corporation
NingBo NingGang Permanent Magnetic Materials Co., Ltd.
Hangzhou Permanent Magnet Group Co., Ltd.
Ningbo Ketian Magnet Co., Ltd.
Shin-Etsu Chemical Co., Ltd.
Adams Magnetic Products Co.
Bunting Magnetics Co.
Eclipse Magnetics Ltd.
VACUUMSCHMELZE GmbH & Co. KG
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 980.73 Million
Market Size 2031 US$ 1,781.18 Million
CAGR 2025–2031 8.90%
Segments By Product Type (Cylinder, Ring, Others)  |  By Application (Defence, Aerospace, Medical Devices)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00031698
Lead Analyst Suraj Sajeev — Associate Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 200 pages of in-depth Samarium Cobalt Permanent Magnet Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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