The global samarium cobalt magnets market is expected to grow at a CAGR of around 2.8% during 2024-2033. This report on global samarium cobalt magnets market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global samarium cobalt magnets market by segmenting the market based on type, application and region. Also, detailed profiles of companies operating in the samarium cobalt magnets market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Increase in Demand from End-Use Industries
• Rise in Demand for Permanent Magnet

Market Challenges
• Stringent Government Regulations on Mining of Samarium Cobalt Magnet

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Type
• SmCo5
• Sm2Co17

Market by Application
• Defense
• Aerospace
• Electronics
• Medical Devices
• Others

Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa