The North America samarium cobalt magnets market reached a volume of 3,947 Tons in 2018. Samarium-Cobalt (SmCo) magnets are known as “the first generation of the rare-earth magnets”. These magnets are composed of samarium, cobalt and iron. After Neodymium-iron-boron magnets (NdFeB), they are one of the strongest magnets and possess several distinct characteristics. Some of these properties include high thermal conductivity, high coercivity and easy operability at higher temperatures. Moreover, with limited size and weight, SmCo magnets exhibit good corrosion resistance without additional surface treatment. On account of these properties, they are often used in high temperature applications and where strong magnetic fields are required.
The North America samarium cobalt magnets market is currently being driven by several factors. Samarium cobalt magnets are widely utilized in sensors, computer hard drives, AC servomotors, actuators, bias magnets, ultrasonic transducers, traveling wave tubes and high performance motors. Owing to this, they find distinctive applications in defense and aerospace sectors in the region. Moreover, there is an escalated demand for these magnets in the electronics, medical devices, motors and actuators manufacturing industries, which further drives the market. In addition to this, rapid technological advancements across the automobile and automation sectors have also catalyzed the SmCo magnets market growth in the region. Looking forward, IMARC Group expects the market to reach a volume of 4,504 Tons by 2024, registering a CAGR of more than 2% during 2019-2024.
Report Scope:
- North America Samarium Cobalt Magnets Market
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Application
- Defense
- Aerospace
- Electronics
- Medical Devices
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America samarium cobalt magnets market performed so far and how will it perform in the coming years?
- What are the key regions in the North America samarium cobalt magnets market?
- What is the breakup of the North America samarium cobalt magnets market on the basis of application?
- What are the various stages in the value chain of the North America samarium cobalt magnets industry?
- What are the key driving factors and challenges in the North America samarium cobalt magnets industry?
- What is the structure of the North America samarium cobalt magnets industry and who are the key players?
- What is the degree of competition in the North America samarium cobalt magnets industry?
- What are the profit margins in the North America samarium cobalt magnets industry?
Report Coverage:
- Base Year Considered: 2018
- Historical Data Coverage: 2013-2018
- Market Forecast: 2019-2024
- Geography Covered: North America, United States, Canada and Mexico
- Segments Covered: Application
Report Customization: Although IMARC has tried to cover everything in the North America samarium cobalt magnets market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Samarium Cobalt Magnets Market
5.1 Market Performance
5.2 Market Breakup by Application
5.3 Market Breakup by Region
5.4 Market Forecast
6 North America Samarium Cobalt Magnets Market
6.1 Market Performance
6.2 Market Forecast
7 North America Samarium Cobalt Magnets Market: Breakup by Application
7.1 Defense
7.2 Aerospace
7.3 Electronics
7.4 Medical Devices
7.5 Others
8 North America Samarium Cobalt Magnets Market: Breakup by Country
8.1 United States
8.1.1 Historical Market Trends
8.1.2 Market Breakup by Application
8.1.3 Market Forecast
8.2 Canada
8.2.1 Historical Market Trends
8.2.2 Market Breakup by Application
8.2.3 Market Forecast
8.3 Mexico
8.3.1 Historical Market Trends
8.3.2 Market Breakup by Application
8.3.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
10.1 Rare Earth Metals Mining and Milling Companies
10.2 Rare Earth Oxide Manufacturers
10.3 Rare Earth Metal Manufacturers
10.4 Rare Earth Alloy Manufacturers
10.5 Rare Earth Magnet Manufacturers
10.6 Scrap Magnets Removing and Separating Companies
10.7 Recycling Companies
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Rivalry
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: Global: Samarium Cobalt Magnets Market: Volume Trends (in Tons), 2013-2018
Figure 2: Global: Samarium Cobalt Magnets Market: Breakup by Application (in %), 2018
Figure 3: Global: Samarium Cobalt Magnets Market: Breakup by Region (in %), 2018
Figure 4: Global: Samarium Cobalt Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 5: North America: Samarium Cobalt Magnets Market: Volume Trends (in Tons), 2013-2018
Figure 6: North America: Samarium Cobalt Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 7: North America: Samarium Cobalt Magnets Market: Breakup by Application (in %), 2018
Figure 8: North America: Samarium Cobalt Magnets (Defense) Market: Volume Trends (in Tons), 2013 & 2018
Figure 9: North America: Samarium Cobalt Magnets (Defense) Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 10: North America: Samarium Cobalt Magnets (Aerospace) Market: Volume Trends (in Tons), 2013 & 2018
Figure 11: North America: Samarium Cobalt Magnets (Aerospace) Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 12: North America: Samarium Cobalt Magnets (Electronics) Market: Volume Trends (in Tons), 2013 & 2018
Figure 13: North America: Samarium Cobalt Magnets (Electronics) Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 14: North America: Samarium Cobalt Magnets (Medical Devices) Market: Volume Trends (in Tons), 2013 & 2018
Figure 15: North America: Samarium Cobalt Magnets (Medical Devices) Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 16: North America: Samarium Cobalt Magnets (Other Applications) Market: Volume Trends (in Tons), 2013 & 2018
Figure 17: North America: Samarium Cobalt Magnets (Other Applications) Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 18: North America: Samarium Cobalt Magnets Market: Breakup by Country (in %), 2018
Figure 19: United States: Samarium Cobalt Magnets Market: Volume Trends (in Tons), 2013-2018
Figure 20: United States: Samarium Cobalt Magnets Market: Breakup by Application (in %), 2018
Figure 21: United States: Samarium Cobalt Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 22: Canada: Samarium Cobalt Magnets Market: Volume Trends (in Tons), 2013-2018
Figure 23: Canada: Samarium Cobalt Magnets Market: Breakup by Application (in %), 2018
Figure 24: Canada: Samarium Cobalt Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 25: Mexico: Samarium Cobalt Magnets Market: Volume Trends (in Tons), 2013-2018
Figure 26: Mexico: Samarium Cobalt Magnets Market: Breakup by Application (in %), 2018
Figure 27: Mexico: Samarium Cobalt Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 28: North America: Samarium Cobalt Magnets Industry: SWOT Analysis
Figure 29: North America: Samarium Cobalt Magnets Industry: Value Chain Analysis
Figure 30: North America: Samarium Cobalt Magnets Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Samarium Cobalt Magnets Market: Key Industry Highlights, 2018 and 2024
Table 2: North America: Samarium Cobalt Magnets Market Forecast: Breakup by Application (in Tons), 2019-2024
Table 3: North America: Samarium Cobalt Magnets Market Forecast: Breakup by Region (in Tons), 2019-2024
Table 4: North America: Samarium Cobalt Magnets Market: Competitive Structure
Table 5: North America: Samarium Cobalt Magnets Market: Key Players