Middle East & Africa Samarium Cobalt Magnets Market to 2032
Overview
The Middle East & Africa Samarium Cobalt Magnets Market is expected to reach a 14.72 USD Million by 2032 and is projected to grow at a CAGR of 3.50% from 2025 to 2032.
Revenue, 2024 (USD Million)
10.88
Forecast, 2032 (USD Million)
14.72
CAGR, 2024 - 2032
3.50%
Report Coverage
Middle East & Africa
Middle East & Africa Samarium Cobalt Magnets Market 2018-2032 USD Million
Middle East & Africa Samarium Cobalt Magnets Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 10.88 USD Million
- Projected Market Size (2032): 14.72 USD Million
- CAGR (2025-2032): 3.50%
Key Findings of Middle East & Africa Samarium Cobalt Magnets Market
- The Middle East & Africa Samarium Cobalt Magnets Market was valued at 10.88 USD Million in 2024.
- The Middle East & Africa Samarium Cobalt Magnets Market is likely to grow at a CAGR of 3.50% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Direct (OEM) in Sales Channel Segment accounted for the largest share of the market with a revenue of 8.44 USD Million
- The fastest growing segment Rings in Shape Segment grew Fastest with a CAGR of 4.36% during the forecast period from 2024 to 2032.
Middle East & Africa Samarium Cobalt Magnets Market Scope
Middle East & Africa Samarium Cobalt Magnets Market Segmentation & Scope
Type
- Sm1Co5 (1:5 Group)
- Sm2Co17 (2:17 Group)
Remanence (BR)
- Above 11 kg
- Up to 9 kg
- 9–10 kg
- 10–11 kg
Operating Temperature
- Above 350 °C
- Up to 100 °C
- 250–350 °C
- 100–250 °C
Magnetization
- Radially Magnetized
- Multi-pole
- Diametrically Magnetized
- Axially Magnetized
Shape
- Others
- Powders
- Custom
- Cylinders / Rods
- Discs
- Blocks
- Rings
- Arcs / Segments
Grade
- Others
- Low-Temperature Grade
- High-Coercivity Grade
- High-Energy Grade
- High-Temperature Grade
- Standard
Application
- Others
- Research Institutions
- Consumer Electronics
- Healthcare & Medical Devices
- Marine
- Automotive
- Oil & Gas / Mining
- Energy & Power Generation
- Industrial Manufacturing
- Aerospace & Defense
Coating
- Others
- Passivation / Chemical Treatments
- Electroless Plating
- Polymer Overmoulding
- Epoxy Coating
- Nickel Plating
Time Horizon
- 1–3 Years
- 4–7 Years
- Above 15 Years
- 8–15 Years
Sales Channel
- Aftermarket
- Direct (OEM)
Middle East & Africa Samarium Cobalt Magnets Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2025 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 10.88 USD Million |
| Market Value in 2032 | 14.72 USD Million |
| CAGR (2025-2032) | 3.50% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Remanence (BR),Operating Temperature,Magnetization,Shape,Grade,Application,Coating,Time Horizon,Sales Channel |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 10.88 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 2.45 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Type
- Sm2Co17 (2:17 Group) is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 7.40 USD Million in the year 2024.
- Sm2Co17 (2:17 Group) is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.56 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Remanence (BR)
- 10–11 kg is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 4.52 USD Million in the year 2024.
- Above 11 kg is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.64 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Operating Temperature
- 100–250 °C is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 4.62 USD Million in the year 2024.
- Above 350 °C is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.45 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Magnetization
- Axially Magnetized is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 5.88 USD Million in the year 2024.
- Multi-pole is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.58 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Shape
- Arcs / Segments is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 2.92 USD Million in the year 2024.
- Rings is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 2.35 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Grade
- Standard is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 4.25 USD Million in the year 2024.
- High-Energy Grade is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.74 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Application
- Aerospace & Defense is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 2.78 USD Million in the year 2024.
- Automotive is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.69 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Coating
- Nickel Plating is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 4.75 USD Million in the year 2024.
- Epoxy Coating is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.53 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Time Horizon
- 8–15 Years is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 4.21 USD Million in the year 2024.
- Above 15 Years is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.61 % in forecast period 2025-2032.
-
Middle East & Africa Samarium Cobalt Magnets Market to 2032, By Sales Channel
- Direct (OEM) is the largest segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a revenue of 8.44 USD Million in the year 2024.
- Direct (OEM) is the Fastest growing segment in Middle East & Africa Samarium Cobalt Magnets Market to 2032 with a Growth rate of 3.58 % in forecast period 2025-2032.
Middle East & Africa Samarium Cobalt Magnets Market Company Share Analysis
| Company Name |
|
||
| Arnold Magnetic Technologies | |||
| VACUUMSCHMELZE GmbH & Co. KG | |||
| Hangzhou Permanent Magnet Group Co., Ltd | |||
| Dongguan Yongli Magnetics Co., Ltd, | |||
| Electron Energy Corporation | |||
Middle East & Africa Samarium Cobalt Magnets Market Geographical Sales Distribution, 2018-2032 USD Million
Middle East & Africa Samarium Cobalt Magnets Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Samarium Cobalt Magnets Market is segmented based on Segmentation Type,Remanence (BR),Operating Temperature,Magnetization,Shape,Grade,Application,Coating,Time Horizon,Sales Channel.
Middle East & Africa Samarium Cobalt Magnets Market was valued at USD 10.88(Revenue in USD Million) in 2025.
Middle East & Africa Samarium Cobalt Magnets Market is projected to grow at a CAGR of 3.50% during the forecast period of 2024 to 2032.
The Direct (OEM) segment is expected to dominate the Middle East & Africa Samarium Cobalt Magnets Market, holding a largest market share of 8.44 USD Million in 2024
Middle East & Africa Samarium Cobalt Magnets Market Scope
Middle East & Africa Samarium Cobalt Magnets Market Segmentation & Scope
Type
- Sm1Co5 (1:5 Group)
- Sm2Co17 (2:17 Group)
Remanence (BR)
- Above 11 kg
- Up to 9 kg
- 9–10 kg
- 10–11 kg
Operating Temperature
- Above 350 °C
- Up to 100 °C
- 250–350 °C
- 100–250 °C
Magnetization
- Radially Magnetized
- Multi-pole
- Diametrically Magnetized
- Axially Magnetized
Shape
- Others
- Powders
- Custom
- Cylinders / Rods
- Discs
- Blocks
- Rings
- Arcs / Segments
Grade
- Others
- Low-Temperature Grade
- High-Coercivity Grade
- High-Energy Grade
- High-Temperature Grade
- Standard
Application
- Others
- Research Institutions
- Consumer Electronics
- Healthcare & Medical Devices
- Marine
- Automotive
- Oil & Gas / Mining
- Energy & Power Generation
- Industrial Manufacturing
- Aerospace & Defense
Coating
- Others
- Passivation / Chemical Treatments
- Electroless Plating
- Polymer Overmoulding
- Epoxy Coating
- Nickel Plating
Time Horizon
- 1–3 Years
- 4–7 Years
- Above 15 Years
- 8–15 Years
Sales Channel
- Aftermarket
- Direct (OEM)
Frequently Asked Questions
The Middle East & Africa Samarium Cobalt Magnets Market is segmented based on Segmentation Type,Remanence (BR),Operating Temperature,Magnetization,Shape,Grade,Application,Coating,Time Horizon,Sales Channel.
Middle East & Africa Samarium Cobalt Magnets Market was valued at USD 10.88(Revenue in USD Million) in 2025.
Middle East & Africa Samarium Cobalt Magnets Market is projected to grow at a CAGR of 3.50% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Samarium Cobalt Magnets Market for final year is USD 14.72 (USD Million).
Middle East & Africa Samarium Cobalt Magnets Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Samarium Cobalt Magnets Market is segmented based on Segmentation Type,Remanence (BR),Operating Temperature,Magnetization,Shape,Grade,Application,Coating,Time Horizon,Sales Channel.
Middle East & Africa Samarium Cobalt Magnets Market was valued at USD 10.88(Revenue in USD Million) in 2025.
Middle East & Africa Samarium Cobalt Magnets Market is projected to grow at a CAGR of 3.50% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Samarium Cobalt Magnets Market for final year is USD 14.72 (USD Million).
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