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Samarium-Cobalt (SmCo) magnets, developed in the early 1960s by Dr. Karl Strnat and Dr. Alden Rey, are a type of rare earth permanent magnet composed of an alloy of samarium and cobalt. Known for their high magnetic strength and superior temperature stability, SmCo magnets exhibit remanence comparable to neodymium magnets but with enhanced performance in high-temperature environments. These magnets come in two primary types: SmCo 1:5 and SmCo 2:17, each with specific properties and applications. The SmCo 1:5 variant offers a balance of performance and cost, while the SmCo 2:17 variant provides even higher magnetic strength and temperature resistance. Major global producers such as Shin-Etsu and VAC have established themselves as key players in the market, supplying these critical materials to various industries.

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Samarium-Cobalt (SmCo) magnets, developed in the early 1960s by Dr. Karl Strnat and Dr. Alden Rey, are a type of rare earth permanent magnet composed of an alloy of samarium and cobalt. Known for their high magnetic strength and superior temperature stability, SmCo magnets exhibit remanence comparable to neodymium magnets but with enhanced performance in high-temperature environments. These magnets come in two primary types: SmCo 1:5 and SmCo 2:17, each with specific properties and applications. The SmCo 1:5 variant offers a balance of performance and cost, while the SmCo 2:17 variant provides even higher magnetic strength and temperature resistance. Major global producers such as Shin-Etsu and VAC have established themselves as key players in the market, supplying these critical materials to various industries.

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According to our (Global Info Research) latest study, the global Samarium Cobalt Magnet market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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Bonded samarium cobalt (SmCo) magnet is a permanent magnet prepared through powder metallurgy technology, in which samarium cobalt alloy powder is mixed with an organic binder and then pressed and heat treated to form the final magnet shape. This preparation technique allows for the fabrication of complex shapes and sizes, as the powder can be molded into almost any desired shape.

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Bonded samarium cobalt (SmCo) magnet is a permanent magnet prepared through powder metallurgy technology, in which samarium cobalt alloy powder is mixed with an organic binder and then pressed and heat treated to form the final magnet shape. This preparation technique allows for the fabrication of complex shapes and sizes, as the powder can be molded into almost any desired shape.

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According to our (Global Info Research) latest study, the global Sintered Samarium Cobalt Magnet market size was valued at USD 432.2 million in 2023 and is forecast to a readjusted size of USD 569.4 million by 2030 with a CAGR of 4.0% during review period.

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A samarium–cobalt (SmCo) magnet, a type of rare earth magnet, is a strong permanent magnet made of an alloy of samarium and cobalt.

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This report studies the global Samarium Cobalt Magnet production, demand, key manufacturers, and key regions.

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The global Sintered Samarium Cobalt Magnet market size is expected to reach $ 569.4 million by 2029, rising at a market growth of 4.0% CAGR during the forecast period (2023-2029).

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According to our (Global Info Research) latest study, the global Sintered Samarium Cobalt Magnet market size was valued at USD 432.2 million in 2022 and is forecast to a readjusted size of USD 569.4 million by 2029 with a CAGR of 4.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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