Samarium-Cobalt (SmCo) Magnets Market
Samarium-Cobalt (SmCo) Magnets Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Samarium-Cobalt (SmCo) Magnets Market Size and Growth
The Samarium-Cobalt (SmCo) magnets market research reports highlight a growing demand for high-performance magnets in sectors such as automotive, electronics, and industrial applications. The global SmCo magnets market is estimated to reach a size of USD 42.7 million by 2027, driven by technological advancements and increasing adoption in various industries.
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Companies Covered (Covid 19 Impact Covered)
◍ Dura Magnetics
◍ Magnetic Component Engineering
◍ Integrated Magnetics
◍ Goudsmit Magnetics
◍ Magnaworks Technology
◍ Arnold Magnetic Technologies
◍ Adams Magnetic Product
◍ Polaris Rare Earth Materials
◍ Bunting Magnetics
◍ Magnetic Specialties
◍ Veekim
The Samarium-Cobalt (SmCo) Magnets Market is highly competitive with key players such as Dura Magnetics, Magnetic Component Engineering, Integrated Magnetics, and more. These companies leverage SmCo magnets in various applications to drive growth in the market. Sales revenue figures: Dura Magnetics - $100 million, Integrated Magnetics - $50 million, Goudsmit Magnetics$30 million.
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Market Segmentation
By Application
◍ Aerospace
◍ Automotive
◍ Medical
◍ Others
By Product
◍ SmCo5
◍ Sm2Co17
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$ X Billion USD
Market Growth
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