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Samarium Cobalt Magnets Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023

Samarium Cobalt Magnets Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023

  • April 2018
  • 94 pages
  • ID: 4837090
  • Format: PDF
  • By International Market Analysis Research and Consult

Summary

Table of Contents

A type of rare earth magnet, Samarium Cobalt (SmCo) magnets are made of samarium, cobalt and iron.

Developed in the early 1970’s and 80’s, they are known for their high magnetic strength and high resistance to corrosion. These magnets have excellent thermal stability and can withstand very high operating temperatures. Being very strong and brittle, they require proper handling and packing. Samarium Cobalt magnets can, however, be more susceptible to chipping and cracking, as a result, they need to be stored in a low humidity and mild temperature. These magnets are currently used for certain niche applications, particularly in the defence and aerospace sectors. According to IMARC group, the global samarium cobalt magnets market has grown at a CAGR of around 4% during 2010-2017, reaching a value of 462 Million in 2017.

IMARC’s latest study “Samarium Cobalt Magnets Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023” has segmented the market on the basis of major regions. At present, China represents both the largest producer as well as the largest consumer of SmCo magnets accounting for more than 71% of the total global consumption. One of the key factors making China the biggest producer of these magnets is the fact that it has a monopoly over the raw materials that are used to produce them. As a result, many dependent industries have set up their plants in China so as to have a cost advantage. China is followed by the United States and Europe.

The report provides a comprehensive analysis for setting up a samarium cobalt magnet manufacturing plant. The study covers all the requisite aspects of the samarium cobalt magnet industry. The requisite includes in-depth analysis of the samarium cobalt magnets market, trends, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the samarium cobalt magnets market in any manner.

Key Questions Answered in This Report:
How has the rare earth magnet market performed so far and how will it perform in the coming years?
What are the key regional markets in the global rare earth magnet industry?
What are the key applications in the global rare earth magnet industry?
How has the SmCo magnet market performed so far and how will it perform in the coming years?
What are the key regional markets in the global SmCo magnet industry?
What are the key applications in the global SmCo magnet industry?
What are the various stages in the value chain of the SmCo magnet industry?
What are the key driving factors and challenges in the SmCo magnet industry?
What is the structure of the SmCo magnet industry and who are the key players?
What is the degree of competition in the SmCo magnet industry?
What are the profit margins in the SmCo magnet industry?
What are the key requirements for setting up SmCo magnet manufacturing plant?
How are SmCo magnet manufactured?
What are the various unit operations involved in SmCo magnet plant?
What is the total size of land required for setting up SmCo magnet plant?
What are the machinery requirements for setting up SmCo magnet plant?
What are the raw material requirements for setting up SmCo magnet plant?
What are the packaging requirements for SmCo magnet?
What are the transportation requirements for SmCo magnet?
What are the utility requirements for setting up SmCo magnet plant?
What are the manpower requirements for setting up SmCo magnet plant?
What are the infrastructure costs for setting up SmCo magnet plant?
What are the capital costs for setting up SmCo magnet plant?
What are the operating costs for setting up SmCo magnet plant?
What will be the income and expenditures for SmCo magnet plant?
What is the time required to break-even?

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