Samarium Market: Information by Type (Pharmaceutical Grade, Industrial Grade) End-user Application (Permanent Magnet, Ceramics, Catalyst, Specialties Metal Use, Other), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Samarium is a chemical element with symbol Sm and atomic number 62. It is a moderately hard silvery metal that slowly oxidizes in air. Being a typical member of the lanthanide series, samarium usually assumes the oxidation state +3. Compounds of samarium (II) are also known, most notably the monoxide SmO, monochalcogenides SmS, SmSe and SmTe, as well as samarium (II) iodide. The last compound is a common reducing agent in chemical synthesis. Samarium has no significant biological role but is only slightly toxic.
The report shows the Samarium market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
One of the drivers that stimulating the Samarium market growth is China’s decision to scrap export quotas and taxes on rare earth elements, which offers a lucrative opportunity for the giant manufacturers to expand production capacity thus generating utmost market share. Other factors include the growing awareness pertaining to benefits of the material, such as the ability to withstand significantly high temperatures without losing magnetic properties when applied in samarium-cobalt magnets, as a result, the exceptional performance of Samarium can further supplement the market growth.
It’s worth noting the permanent magnet segment has the potential to exhibit the highest market growth over the forecast period, as more and more end users are accelerating the commercial use of Samarium in permanent magnetization, therefore fueling demand for the samarium and further pumping up the segment market growth.
Market Player
Major players profiled in the global Samarium market are Grirem Advanced Materials, Molycorp Silmet, Baotou Hefa Rare Earth, China Minmetals Rare Earth, Great Western Minerals, Ganzhou Chenguang Rare Earths, Guangxi Jinguang, and etc.
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Market Segmentation
By Type
By Application
Ceramics
Catalyst
Specialties Metal Use
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
Others
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Regional Analysis
Geographically, the Samarium market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. According to the report, Asia-Pacific is the global market leader both in terms of production and consumption of samarium materials, with a proportion of xx%, approximately valued at USD xx million in the base year. China is responsible for over 95% of the global supply of rare earth, and the Samarium industry in the country enjoys a promising future since the domestic consumption coupled with export are in high level, major exporting countries of China samarium cover the United States, Japan, and Europe.
Market Analyze Period
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Samarium Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Samarium Market by Types
4 Segmentation of Samarium Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Samarium Market in Major Countries
7 North America Samarium Landscape Analysis
8 Europe Samarium Landscape Analysis
9 Asia Pacific Samarium Landscape Analysis
10 Latin America, Middle East & Africa Samarium Landscape Analysis
11 Major Players Profile
11.1 Grirem Advanced Materials
11.1.1 Grirem Advanced Materials Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Molycorp Silmet
11.3 Baotou Hefa Rare Earth
11.4 China Minmetals Rare Earth
11.5 Great Western Minerals
11.6 Ganzhou Chenguang Rare Earths
11.7 Guangxi Jinguang
…
Report Key Audience
l Samarium manufacturers
l Raw material suppliers of Samarium products
l Downstream vendors and end-users
l Traders, distributors, and resellers of Samarium products
l Chemical materials industry associations and research organizations
l Product managers, Samarium industry administrator, C-level executives of the industries
l Market Research and consulting firms
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