Global Samarium-Cobalt Magnet Supply, Demand and Key Producers, 2026-2032
Description
The global Samarium-Cobalt Magnet market size is expected to reach $ 702 million by 2032, rising at a market growth of 4.1% CAGR during the forecast period (2026-2032).
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’s 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 studies the global Samarium-Cobalt Magnet production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Samarium-Cobalt Magnet and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Samarium-Cobalt Magnet that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Samarium-Cobalt Magnet total production and demand, 2021-2032, (MT)
Global Samarium-Cobalt Magnet total production value, 2021-2032, (USD Million)
Global Samarium-Cobalt Magnet production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global Samarium-Cobalt Magnet consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: Samarium-Cobalt Magnet domestic production, consumption, key domestic manufacturers and share
Global Samarium-Cobalt Magnet production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global Samarium-Cobalt Magnet production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global Samarium-Cobalt Magnet production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global Samarium-Cobalt Magnet market based on the following parameters - company overview, production, value, 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Samarium-Cobalt Magnet market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Samarium-Cobalt Magnet Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Samarium-Cobalt Magnet Market, Segmentation by Type:
SmCo5
Sm2Co17
Global Samarium-Cobalt Magnet Market, Segmentation by Application:
Aerospace & Defense
Automotive
Industrial Machinery
Others
Companies Profiled:
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic
Key Questions Answered:
1. How big is the global Samarium-Cobalt Magnet market?
2. What is the demand of the global Samarium-Cobalt Magnet market?
3. What is the year over year growth of the global Samarium-Cobalt Magnet market?
4. What is the production and production value of the global Samarium-Cobalt Magnet market?
5. Who are the key producers in the global Samarium-Cobalt Magnet market?
6. What are the growth factors driving the market demand?
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’s 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 studies the global Samarium-Cobalt Magnet production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Samarium-Cobalt Magnet and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Samarium-Cobalt Magnet that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Samarium-Cobalt Magnet total production and demand, 2021-2032, (MT)
Global Samarium-Cobalt Magnet total production value, 2021-2032, (USD Million)
Global Samarium-Cobalt Magnet production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global Samarium-Cobalt Magnet consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: Samarium-Cobalt Magnet domestic production, consumption, key domestic manufacturers and share
Global Samarium-Cobalt Magnet production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global Samarium-Cobalt Magnet production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global Samarium-Cobalt Magnet production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global Samarium-Cobalt Magnet market based on the following parameters - company overview, production, value, 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Samarium-Cobalt Magnet market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Samarium-Cobalt Magnet Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Samarium-Cobalt Magnet Market, Segmentation by Type:
SmCo5
Sm2Co17
Global Samarium-Cobalt Magnet Market, Segmentation by Application:
Aerospace & Defense
Automotive
Industrial Machinery
Others
Companies Profiled:
Shin-Etsu
VAC
Galaxy Magnetic
HPMG
NGYC
CO-STAR
Tianhe Magnetics
Electron Energy Corp
Arnold Magnetic
Key Questions Answered:
1. How big is the global Samarium-Cobalt Magnet market?
2. What is the demand of the global Samarium-Cobalt Magnet market?
3. What is the year over year growth of the global Samarium-Cobalt Magnet market?
4. What is the production and production value of the global Samarium-Cobalt Magnet market?
5. Who are the key producers in the global Samarium-Cobalt Magnet market?
6. What are the growth factors driving the market demand?
Table of Contents
108 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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