市場調查報告書
商品編碼
1451148
2024-2032 年按應用(國防、航太、電子、醫療設備等)和地區分類的釤鈷磁鐵市場報告Samarium Cobalt Magnets Market Report by Application (Defence, Aerospace, Electronics, Medical Devices, and Others), and Region 2024-2032 |
2023年全球釤鈷磁鐵市場規模達5.748億美元。展望未來, IMARC Group預計到2032年市場規模將達到7.428億美元,2024-2032年複合年成長率(CAGR)為2.8%。由於釤鈷磁鐵具有出色的熱穩定性,高溫應用中對釤鈷磁鐵的需求不斷增加,釤鈷磁鐵在醫療設備中的使用不斷增加,電動車的需求不斷增加,以及不斷發展的機器人產業中產品採用率的不斷提高,這些都是推動釤鈷磁鐵發展的因素。正在推動市場。
釤鈷 (SmCo) 磁鐵是一種稀土磁鐵,功能極為強大且抗退磁。它們由釤和鈷的合金組成,這兩種元素以在高溫和腐蝕條件下保持磁化的能力而聞名。釤鈷磁鐵以其卓越的磁性而聞名,包括高矯頑力、高磁能積和高居里溫度,確保即使在高溫下也能保持磁強度。這些磁鐵的工作原理是將鈷原子的電子自旋與施加的磁場方向對齊,這一特性有助於其高磁性輸出。
全球市場的主要動力是釤鈷磁鐵在高溫應用中的需求增加,因為它們具有卓越的熱穩定性。與此一致的是,航空航太工業對這些磁體的需求不斷增加,這些磁體因其在高振動環境下的抗退磁性而被利用,這為市場提供了動力。此外,由於對電子設備小型化的日益關注,蓬勃發展的電子產業需要具有緊湊尺寸和卓越性能特徵的磁體,這也是市場成長的重要推動因素。除此之外,軍事和國防部門在智慧紡織品、無人機和武器製造中的快速產品利用正在創造利潤豐厚的市場機會。此外,不斷成長的再生能源產業需要在風力渦輪機中使用這些耐用磁鐵,這也刺激了市場。
釤鈷磁鐵在醫療設備中的使用不斷增加
醫療產業對釤鈷 (SmCo) 磁鐵的使用是市場上最重要的驅動力之一。隨著醫療技術的不斷進步,對更精確、更有效的診斷工具和治療的需求不斷增加。釤鈷磁鐵由於其優越的磁性能和抗退磁性能在這方面發揮著至關重要的作用。這些特性對於各種醫療應用至關重要,包括需要強而一致的磁場的磁振造影 (MRI) 掃描儀。釤鈷磁鐵也用於多種植入式醫療設備,例如心臟泵和人工耳蝸,其高抗退磁性和耐受生物環境的能力至關重要。此外,對攜帶式醫療設備的需求不斷成長,推動了對小而強大的磁鐵的需求。隨著全球人口老化的不斷加劇以及需要先進醫療干預的慢性疾病的日益流行,醫療保健領域對釤鈷磁鐵的需求預計將繼續成長,進一步推動市場的成長。
電動車需求不斷增加
從內燃機到電動車(EV)的快速轉變是市場的另一個重要驅動力。隨著永續發展和減少碳排放變得越來越重要,對電動車的需求激增。這些車輛通常在電動馬達中採用釤鈷磁鐵,因為它們具有高磁場強度和在高溫下高效運行的能力。釤鈷磁鐵卓越的熱穩定性使電動車能夠提供高性能,而無需擔心過熱問題。此外,這些磁鐵的緊湊性可以實現更有效率、更輕的設計,有助於提高電動車的整體性能和能源效率。隨著世界各國政府推出嚴格的排放法規,並透過各種激勵措施促進電動車的採用,電動車產業對釤鈷磁鐵的需求預計將大幅擴大,從而加強市場的成長。
不斷發展的機器人產業中產品採用率不斷上升
蓬勃發展的機器人產業對釤鈷磁鐵的需求不斷成長是另一個重要的市場驅動力。釤鈷磁鐵的獨特性能,例如高磁強度、緊湊的尺寸以及承受惡劣條件的能力,使其非常適合各種機器人應用。從需要精確運動控制的工業機器人到模仿人類運動的先進義肢,釤鈷磁鐵發揮著至關重要的作用。此外,在提高生產力、準確性和效率的需求的推動下,各行業自動化的發展趨勢正在推動對更先進機器人技術的需求。這反過來又推動了對包括釤鈷磁鐵在內的高性能組件的需求。隨著人工智慧和機器學習等技術的不斷進步,它們將刺激更複雜的機器人應用,從而創造對釤鈷磁鐵的更多需求。機器人研發投資的不斷增加,以及全球對自動化的推動,顯示該市場具有強勁的成長潛力。
The global samarium cobalt magnets market size reached US$ 574.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 742.8 Million by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032. The increased demand for SmCo magnets in high-temperature application due to their exceptional thermal stability, augmenting usage of SmCo magnets in medical devices, the escalating demand for electric vehicles, and the rising product adoption in the growing robotics industry are some of the factors that are propelling the market.
Samarium Cobalt (SmCo) magnets are a type of rare earth magnet that are extremely powerful and resistant to demagnetization. They are composed of an alloy of samarium and cobalt, two elements known for their capacity to retain magnetization under high temperatures and corrosive conditions. Samarium Cobalt magnets are renowned for their superior magnetic properties, including high coercivity, high energy product, and a high Curie temperature, which ensures the retention of magnetic strength even in elevated temperatures. These magnets work by aligning the electron spin of the cobalt atoms in the direction of the applied magnetic field, a characteristic that contributes to their high magnetic output.
The global market is majorly driven by the increased demand for SmCo magnets in high-temperature applications due to their exceptional thermal stability. In line with this, an escalating demand from the aerospace industry, where these magnets are utilized for their resistance to demagnetization in high vibration environments is providing an impetus to the market. Moreover, the flourishing electronics industry requiring magnets with compact size and superior performance characteristics due to the rising focus on miniaturization of electronic devices is also acting as a significant growth-inducing factor for the market. In addition to this, rapid product utilization in the military and defense sectors for the manufacturing of smart textiles, UAVs and weaponry is creating lucrative opportunities in the market. Furthermore, the growing renewable energy sector necessitating the use of these durable magnets in wind turbines is stimulating the market.
Growing usage of SmCo magnets in medical devices
The medical industry's utilization of Samarium Cobalt (SmCo) magnets represents one of the most significant drivers in the market. As medical technology continues to advance, there is an escalating demand for more precise and effective diagnostic tools and treatments. SmCo magnets play a crucial role in this aspect due to their superior magnetic properties and resistance to demagnetization. These properties are essential in various medical applications, including Magnetic Resonance Imaging (MRI) scanners, where strong, consistent magnetic fields are required. SmCo magnets are also found in several implantable medical devices, such as heart pumps and cochlear implants, where their high resistance to demagnetization and ability to withstand biological environments are critical. Furthermore, the demand for portable medical devices is on the rise, driving the need for small yet powerful magnets. With a growing aging population globally and the increasing prevalence of chronic diseases requiring advanced medical interventions, the demand for SmCo magnets in the healthcare sector is anticipated to continue to rise, further propelling the growth of the market.
Escalating demand for electric vehicles
The rapid transition from internal combustion engines to electric vehicles (EVs) is another significant driver for the market. As sustainability and reducing carbon emissions become more vital, the demand for electric vehicles has skyrocketed. These vehicles often employ SmCo magnets in their electric motors due to their high magnetic strength and ability to operate efficiently at high temperatures. The superior thermal stability of SmCo magnets enables electric vehicles to deliver high performance without overheating concerns. In addition, the compactness of these magnets allows for more efficient and lighter designs, contributing to the overall performance and energy efficiency of EVs. With governments around the world introducing stringent emissions regulations and promoting the adoption of electric vehicles through various incentives, the demand for SmCo magnets in the electric vehicle industry is expected to expand significantly, reinforcing the growth of the market.
Rising product adoption in the growing robotics industry
The increasing demand for SmCo magnets in the burgeoning robotics industry is another important market driver. The unique properties of SmCo magnets, such as their high magnetic strength, compact size, and ability to withstand harsh conditions, make them highly suitable for various robotics applications. From industrial robots that require precise motion control to advanced prosthetics that mimic human-like movements, SmCo magnets play a crucial role. Additionally, the growing trend of automation across industries, driven by the need for increased productivity, accuracy, and efficiency, is fueling the demand for more advanced robotics. This, in turn, drives the need for high-performing components including SmCo magnets. As technologies such as artificial intelligence and machine learning continue to advance, they will spur more sophisticated robotics applications, thus creating more demand for SmCo magnets. The rising investment in robotics research and development, along with the global push towards automation, indicates a strong growth potential for the market.
IMARC Group provides an analysis of the key trends in each segment of the global samarium cobalt magnets market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on application.
Defence
Aerospace
Electronics
Medical Devices
Others
Defence represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes defence, aerospace, electronics, medical devices, and others. According to the report, defence represented the largest segment.
The need for more advanced and powerful defence technologies, such as radar systems and guided missile systems, fuels the demand for samarium cobalt (SmCo) magnets due to their superior magnetic strength and resistance to demagnetization. SmCo magnets are resistant to extreme conditions, which is crucial in defence applications, as military operations often take place in challenging environments. The push for lightweight and compact equipment in defence technologies also drives the use of SmCo magnets, given their high energy density and small size. The development of electromagnetic railguns, which rely on powerful magnets to launch projectiles, is another factor boosting the demand for SmCo magnets in the defence sector.
On the other hand, the high thermal stability of SmCo magnets is particularly suited to the aerospace industry, where equipment is exposed to drastic temperature changes, thus propelling their demand. With the increasing push towards miniaturization in aerospace systems, these compact yet powerful magnets are a preferred choice. Also, they are used in the manufacturing of aircraft engines and avionics systems due to their high coercivity and energy product, thus driving their demand in the aerospace industry.
Moreover, with the increased focus on energy efficiency in electronic devices, the high energy product of SmCo magnets makes them a preferred choice. The growing trend of IoT and smart home devices, which rely on efficient and reliable components, is impelling the demand for SmCo magnets. As electronic devices continue to get smaller and more powerful, the demand for compact yet potent SmCo magnets, which facilitate miniaturization, is on the rise.
China
USA
Europe
Others
China exhibits a clear dominance, accounting for the largest samarium cobalt magnets market share
The report has also provided a comprehensive analysis of all the major regional markets, which include China, United States of America (USA), Europe, and others. According to the report, China accounted for the largest market share.
China currently enjoys the leading position in the market due to the easy availability of raw materials used for manufacturing SmCo magnets. The presence of a robust manufacturing industry also propels the product demand, as they are essential components in a variety of goods, from consumer electronics to electric vehicles.
The Chinese government is focusing on developing advanced technologies, such as 5G, AI, and IoT, which require high-performing components, fuels the market. Also, China's robust automotive sector, particularly the electric vehicle segment, is a major driver for the market, given their wide application in EV motors.
The growing renewable energy sector in China, particularly wind energy, which utilizes SmCo magnets in wind turbines, also contributes to the demand. Moreover, the abundance of rare earth mineral reserves present in the country, that is crucial for producing these magnets, provides a strategic advantage in the market.
Additionally, the Chinese government is implementing favorable policies and initiatives promoting domestic high-tech industries, which further stimulate the market. Furthermore, the rapid urbanization and infrastructure development in China, which necessitate the use of advanced technology and machinery, also fuels the market demand.
Leading players in the market are actively implementing strategies to gain a competitive edge. To differentiate themselves from competitors, they are investing significantly in research and development to innovate and enhance SmCo magnets' performance, temperature stability, and efficiency. These companies are expanding their product portfolios to offer a wide range of SmCo magnets suitable for various industries and applications. Additionally, key players are optimizing their supply chains to ensure a steady flow of raw materials and cost-effective production. They are also looking to expand their geographic reach by establishing subsidiaries, distribution centers, and strategic partnerships in new regions, tapping into emerging markets. Sustainable practices, collaborations, and partnerships are being embraced by these players to access new technologies, markets, and resources.
NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC)
Ningbo Ketian Magnet Co., Ltd.
Arnold Magnetic Technologies Corporation
ADAMS Magnetic Products Co.
Bunting
Eclipse Magnetics Ltd.
Hangzhou Permanent Magnet Group Ltd.
Thomas & Skinner Inc.
In September 2022, a new invention patent authorization of ZL 2021 1 1160274.3 was approved to NingBo NingGang Permanent Magnetic Materials Co., Ltd. The invention patent, identified by the number ZL 20211 1160274.3, involves a new method for preparing samarium cobalt (SmCo) permanent magnets that the company has legal protection for, affirming their innovative contribution to the field.
In March 2021, Arnold Magnetic Technologies Corporation announced the acquisition of Ramco Electric Motors, Inc., manufacturer of stators, rotors, and full electric motors. By acquiring Ramco, Arnold expands an already diverse product offering with industry leading electric motor solutions capabilities in applications across various markets including industrial, military and aerospace.
In October 2021, Bunting officially acquired MagDev Ltd, a UK-based magnet and magnetic assembly manufacturer. This acquisition will expand the range of magnetic solutions and technical expertise Bunting is able to offer as a global magnetics group.