Samarium Cobalt Permanent Magnet Market
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Samarium cobalt (SmCo) magnets are gaining prominence due to their superior magnetic performance, high resistance to demagnetization, and thermal stability—even in extreme environments. This makes them ideal for aerospace, defense systems, satellite tech, nuclear applications, and automotive sensors.

 

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Samarium Cobalt Permanent Magnet Market Outlook (2021-2031) by Product Type, Application

Samarium Cobalt Permanent Magnet Market was valued at US$ 980.73 Million in 2024 and is projected to reach US$ 1,781.18 Million in 2031 with a CAGR of 9.4% from 2025 to 2031 segmented into Product Type, Application.