Samarium Cobalt Magnets Market is Expected to Reach $706.88 Million by 2019


Posted April 6, 2015 by MicroMktM

The samarium cobalt magnets market was valued at $471.82 million in 2013 and is expected to reach $706.88 million by 2019, growing at a CAGR of 8.0% from 2014 to 2019.

 
The samarium cobalt magnets market was valued at $471.82 million in 2013 and is expected to reach $706.88 million by 2019, growing at a CAGR of 8.0% from 2014 to 2019. The global samarium cobalt magnets market is majorly driven by growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications.

The global samarium cobalt magnets market is witnessing high growth on an account of increasing applications. The report estimates the market size of global samarium cobalt magnets market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues.

Get Pdf File - http://www.micromarketmonitor.com/contact/7787718073-download_pdf_brochure.html

Samarium cobalt magnets withstand a high temperature range (up to 350oC) and possess superior temperature coefficients and corrosion resistance. The report ‘Global America Samarium cobalt Magnets Market’ analyzes the SmCo magnets market by applications for seven major applications namely consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defence, and others. All of these applications of SmCo magnets experienced a positive growth till 2013 and are expected to continue the same in coming years. Consumer electronics holds majority of the share of global Samarium cobalt magnets market. Aerospace & defence and automotive markets have been witnessing the maximum growth because of the growing trend of modernization and electrification to improve efficiencies.

Global samarium cobalt magnets market also includes the company profiling and competitive strategies adopted by various market players including Hitachi, Shin-Etsu Chemical Co Ltd., Lynas Corp. Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group, Ningbo Yunsheng High-tech Magnetics Co., Ltd, Daido Steel Co., Ltd., and JPMF Guangdong Co. Ltd.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MicroMarket Monitor
Country United States
Categories Business , Reports , Research
Tags cobalt magnets market , samarium cobalt magnets , samarium cobalt magnets market
Last Updated April 6, 2015