Samarium Market Opportunities 2031
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 FRAMEWORKThe 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.
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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 PLAYERSThe 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Samarium Market - By Type
1.3.2 Samarium Market - By Application
1.3.3 Samarium Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SAMARIUM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SAMARIUM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SAMARIUM MARKET - GLOBAL MARKET ANALYSIS
6.1. SAMARIUM - GLOBAL MARKET OVERVIEW
6.2. SAMARIUM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SAMARIUM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. OXIDE
7.3.1. Overview
7.3.2. Oxide Market Forecast and Analysis
7.4. ACETATE
7.4.1. Overview
7.4.2. Acetate Market Forecast and Analysis
7.5. METAL
7.5.1. Overview
7.5.2. Metal Market Forecast and Analysis
7.6. CARBONATE
7.6.1. Overview
7.6.2. Carbonate Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SAMARIUM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. MEDICAL
8.5.1. Overview
8.5.2. Medical Market Forecast and Analysis
8.6. ENVIRONMENT & ENERGY
8.6.1. Overview
8.6.2. Environment & Energy Market Forecast and Analysis
8.7. AEROSPACE & DEFENSE
8.7.1. Overview
8.7.2. Aerospace & Defense Market Forecast and Analysis
9. SAMARIUM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Samarium Market Overview
9.1.2 North America Samarium Market Forecasts and Analysis
9.1.3 North America Samarium Market Forecasts and Analysis - By Type
9.1.4 North America Samarium Market Forecasts and Analysis - By Application
9.1.5 North America Samarium Market Forecasts and Analysis - By Countries
9.1.5.1 United States Samarium Market
9.1.5.1.1 United States Samarium Market by Type
9.1.5.1.2 United States Samarium Market by Application
9.1.5.2 Canada Samarium Market
9.1.5.2.1 Canada Samarium Market by Type
9.1.5.2.2 Canada Samarium Market by Application
9.1.5.3 Mexico Samarium Market
9.1.5.3.1 Mexico Samarium Market by Type
9.1.5.3.2 Mexico Samarium Market by Application
9.2. EUROPE
9.2.1 Europe Samarium Market Overview
9.2.2 Europe Samarium Market Forecasts and Analysis
9.2.3 Europe Samarium Market Forecasts and Analysis - By Type
9.2.4 Europe Samarium Market Forecasts and Analysis - By Application
9.2.5 Europe Samarium Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Samarium Market
9.2.5.1.1 Germany Samarium Market by Type
9.2.5.1.2 Germany Samarium Market by Application
9.2.5.2 France Samarium Market
9.2.5.2.1 France Samarium Market by Type
9.2.5.2.2 France Samarium Market by Application
9.2.5.3 Italy Samarium Market
9.2.5.3.1 Italy Samarium Market by Type
9.2.5.3.2 Italy Samarium Market by Application
9.2.5.4 United Kingdom Samarium Market
9.2.5.4.1 United Kingdom Samarium Market by Type
9.2.5.4.2 United Kingdom Samarium Market by Application
9.2.5.5 Russia Samarium Market
9.2.5.5.1 Russia Samarium Market by Type
9.2.5.5.2 Russia Samarium Market by Application
9.2.5.6 Rest of Europe Samarium Market
9.2.5.6.1 Rest of Europe Samarium Market by Type
9.2.5.6.2 Rest of Europe Samarium Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Samarium Market Overview
9.3.2 Asia-Pacific Samarium Market Forecasts and Analysis
9.3.3 Asia-Pacific Samarium Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Samarium Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Samarium Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Samarium Market
9.3.5.1.1 Australia Samarium Market by Type
9.3.5.1.2 Australia Samarium Market by Application
9.3.5.2 China Samarium Market
9.3.5.2.1 China Samarium Market by Type
9.3.5.2.2 China Samarium Market by Application
9.3.5.3 India Samarium Market
9.3.5.3.1 India Samarium Market by Type
9.3.5.3.2 India Samarium Market by Application
9.3.5.4 Japan Samarium Market
9.3.5.4.1 Japan Samarium Market by Type
9.3.5.4.2 Japan Samarium Market by Application
9.3.5.5 South Korea Samarium Market
9.3.5.5.1 South Korea Samarium Market by Type
9.3.5.5.2 South Korea Samarium Market by Application
9.3.5.6 Rest of Asia-Pacific Samarium Market
9.3.5.6.1 Rest of Asia-Pacific Samarium Market by Type
9.3.5.6.2 Rest of Asia-Pacific Samarium Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Samarium Market Overview
9.4.2 Middle East and Africa Samarium Market Forecasts and Analysis
9.4.3 Middle East and Africa Samarium Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Samarium Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Samarium Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Samarium Market
9.4.5.1.1 South Africa Samarium Market by Type
9.4.5.1.2 South Africa Samarium Market by Application
9.4.5.2 Saudi Arabia Samarium Market
9.4.5.2.1 Saudi Arabia Samarium Market by Type
9.4.5.2.2 Saudi Arabia Samarium Market by Application
9.4.5.3 U.A.E Samarium Market
9.4.5.3.1 U.A.E Samarium Market by Type
9.4.5.3.2 U.A.E Samarium Market by Application
9.4.5.4 Rest of Middle East and Africa Samarium Market
9.4.5.4.1 Rest of Middle East and Africa Samarium Market by Type
9.4.5.4.2 Rest of Middle East and Africa Samarium Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Samarium Market Overview
9.5.2 South and Central America Samarium Market Forecasts and Analysis
9.5.3 South and Central America Samarium Market Forecasts and Analysis - By Type
9.5.4 South and Central America Samarium Market Forecasts and Analysis - By Application
9.5.5 South and Central America Samarium Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Samarium Market
9.5.5.1.1 Brazil Samarium Market by Type
9.5.5.1.2 Brazil Samarium Market by Application
9.5.5.2 Argentina Samarium Market
9.5.5.2.1 Argentina Samarium Market by Type
9.5.5.2.2 Argentina Samarium Market by Application
9.5.5.3 Rest of South and Central America Samarium Market
9.5.5.3.1 Rest of South and Central America Samarium Market by Type
9.5.5.3.2 Rest of South and Central America Samarium Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SAMARIUM MARKET, KEY COMPANY PROFILES
11.1. ADAMS MAGNETIC PRODUCTS CO.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AVALON ADVANCED MATERIALS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CANADA RARE EARTH CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GOODFELLOW
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HANGZHOU PERMANENT MAGNET GROUP., LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEFA RARE EARTH CANADA CO. LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INORGANIC VENTURES, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. METALL RARE EARTH LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NEO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUPER CONDUCTOR MATERIALS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Adams Magnetic Products Co.
2. Avalon Advanced Materials Inc.
3. Canada Rare Earth Corporation
4. Goodfellow
5. Hangzhou Permanent Magnet Group., Ltd
6. HEFA Rare Earth Canada Co. Ltd.
7. Inorganic Ventures, Inc.
8. METALL RARE EARTH LIMITED
9. NEO
10. Super Conductor Materials, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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