Global Samarium Cobalt Magnets Market Size, Share, Price Trends And Forecast 2018-2023 - PowerPoint PPT Presentation

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Global Samarium Cobalt Magnets Market Size, Share, Price Trends And Forecast 2018-2023

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Title: Global Samarium Cobalt Magnets Market Size, Share, Price Trends And Forecast 2018-2023


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 Global Samarium Cobalt Magnets Market Fuelled by
Expanding Applications
Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
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Report Description and Highlights
Report Description
 Global Samarium Cobalt Magnets Market Fuelled by
Expanding Applications The global samarium
cobalt magnets market is witnessing a positive
growth. This can be accredited to the several
advantages offered by samarium cobalt magnets
such as high magnetic strength, extreme thermal
stability and resistance against corrosion. A
form of rare earth magnets, samarium cobalt
(SmCo) magnets are made of an alloy of cobalt and
samarium. These magnets exhibit optimal thermal
stability, high corrosion resistance and high
magnetic strength as compared to neodymium
(NdFeB) magnets. In addition to this, samarium
cobalt magnets require proper handling owing to
their brittle nature and need to be stored in
atmosphere with mild temperatures as they are
highly susceptible to cracking. A new research
report by IMARC Group, titled Samarium Cobalt
Magnets Market Global Industry Trends, Share,
Size, Growth, Forecast and Opportunity
2018-2023, estimates that the market reached a
volume of nearly 3,825 Metric Tons in 2017.
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Report Description and Highlights
5
Report Description and Highlights
Report Description
  • Global Samarium Cobalt Magnets Market
    Drivers/Constraints
  • These magnets are essentially used in various
    military weapon along with electrical systems in
    aircrafts for generating power. This is one of
    the major factors which is driving the growth of
    the market.
  • Owing to their high working temperature, samarium
    cobalt magnets are being increasingly utilised
    for the applications of aerospace and military.
    This is another factor which is positively
    influencing the market growth.
  • There has been a rise in the demand for
    miniaturisation of equipment and high magnetic
    strength in emerging and existing applications.
    This has highly contributed towards an augmented
    demand for samarium cobalt magnets across the
    globe.
  • However, these magnets are costlier than ferrite
    magnets and have to be handled with care owing to
    their brittle nature. This, in turn, has hindered
    the growth of the market.
  • Read full report _at_ https//www.imarcgroup.com/pref
    easibility-report-samarium-cobalt-magnet-manufactu
    ring-plant

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Report Description and Highlights
Report Description
Application Insights Samarium cobalt magnets
are currently being used across various sectors.
Defence sector represents the largest application
segment, holding the majority of the market
share. This can be attributed to the higher curie
temperature of samarium cobalt magnet, which is
considered ideal for high-field strength. Defence
sector is followed by aerospace, motors and
actuators, electronics and medical
devices. Regional Insights On a geographical
front, China enjoys a leading position in
the global samarium cobalt magnets market owing
to the easily available raw materials which are
required to produce samarium cobalt magnets.
Other major markets include the United States and
Europe. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
617flagB  
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Report Description and Highlights
Report Description
  • Browse more related reports
  • Global Magnet Market https//www.imarcgroup.com/
    magnet-market
  •  Ferrite Magnet Market https//www.imarcgroup.co
    m/ferrite-magnet-powder-manufacturing-plant

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Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
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