Samarium Market Key Vendors, Trends and Forecast by 2031

MARKET INTRODUCTION

Samarium is a rare earth element which is a moderately hard silvery metal and readily oxidizes in the air. Samarium is a chemical element of the lanthanide series, and it shows oxidation state as +3. Samarium compounds can withstand significantly high temperatures without losing their magnetic properties, due to the alloy's higher Curie point. Samarium is commonly used as a reducing agent in chemical synthesis. These magnets have excellent thermal stability and can withstand very high operating temperatures. Being very strong and brittle, they require proper handling and packing.

MARKET DYNAMICS

The global samarium market is estimated to grow at a faster pace over the forecast period due to propelling factors such as rising demand for smartphones which leads to upsurge demand for mobile accessories, and increasing demand from developed and developing economies such as China and India. Moreover, samarium rings are used in automobile, electronics, and aerospace applications is projected to drive the demand for samarium rings during the forecast period. However, the growing use of neodymium magnets as a substitute for samarium-cobalt magnets is anticipated to hamper the growth of the market.

MARKET SCOPE

The "Global Samarium Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the samarium market with detailed market segmentation by type, application, and geography. The global samarium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading samarium market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global samarium market is segmented on the basis of type and application. On the basis of type, the samarium market is segmented into oxide, acetate, metal, carbonate and others. The samarium market on the basis of the application is classified into electronics, automotive, medical and environment & energy, aerospace & defense and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global samarium market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The samarium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the samarium market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the samarium in these regions.

MARKET PLAYERS

The reports cover key developments in the samarium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from samariummarket are anticipated to lucrative growth opportunities in the future with the rising demand for samarium in the global market. Below mentioned is the list of few companies engaged in the samarium market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the samarium market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Adams Magnetic Products Co.
• Avalon Advanced Materials Inc.
• Canada Rare Earth Corporation
• Goodfellow
• Hangzhou Permanent Magnet Group., Ltd
• HEFA Rare Earth Canada Co. Ltd.
• Inorganic Ventures, Inc.
• METALL RARE EARTH LIMITED
• NEO
• Super Conductor Materials, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Samarium Report Scope