Samarium Market - Global Industry Report, 2031

1. Samarium Market - Global Industry Report, 2031 Global Samarium Market: Introduction Samarium is a chemical element with symbol Sm and atomic number 62. It is a hard and silvery metal that slowly oxidizes in the air. Samarium is a member of the lanthanide series and shows oxidation state as +3. Samarium compounds can withstand significantly high temperatures that range above 700°C without losing their magnetic properties, due to the alloy's higher Curie point. Compounds of samarium are monoxide of samarium, mono-chalcogenides, and samarium (II) iodide. Samarium is commonly used as a reducing agent in chemical synthesis. Samarium- 153 is a radioactive isotope and an active component of the drug samarium (153Sm) lexidronam. Samarium-153 destroys cancer cells when used in the treatment of prostate cancer, breast cancer, osteosarcoma, and lung cancer. Samarium-149 is a strong neutron absorber and is used to control reactions from nuclear reactors. It is formed as a decay product during the reactor operation. This is one of the important factors considered in the reactor design and operation. Samarium cobalt magnet is made of an alloy of samarium and cobalt. It is a strong permanent magnet and a rare earth magnet. Samarium cobalt magnet has a property called anisotropy. Other applications of samarium include catalysis of chemical reactions, radioactive dating, and X-ray lasers. Implementation of strict government regulations on mining of samarium cobalt magnet is anticipated to restrain the global samarium market. Global Samarium Market: Segments The global samarium market can be segmented based on type, application, and region In terms of type, the samarium market can be classified into rings, cylinders, and others. The rings segment is projected to expand at a rapid pace during the forecast period. Samarium rings are used in automobile, electronics, and aerospace applications. This is a key factor that is projected to drive the demand for samarium rings during the forecast period. In turn, this is estimated to drive the samarium market during the forecast period. Based on application, the samarium market can be categorized into electronics, automotive, medical, environment & energy, and aerospace & defense. The automotive segment is projected to expand at considerable pace during the forecast period. Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B& rep_id=61464 COVID-19 Impact on Samarium Market Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, leading to disturbances in production activities in many countries. This is adversely affecting the global samarium market.

2. On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world. Asia Pacific to Dominate Global Samarium Market In terms of geography, the global samarium market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa Asia Pacific is expected to be a leading region of the global samarium market during the forecast period. The region is a major consumer and producer of automotive and automotive products. Growth of the automotive industry is expected to propel the demand for samarium, especially in prominent countries such as India and China. The samarium market in South Africa is likely to expand at as sluggish pace due to the lack of technological advancements. This, in turn, is estimated to hamper the samarium market in the country during the forecast period. More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/companies-in-ethylene-bis-stearamide- market-leverage-e-commerce-channels-to-build-up-steady-revenue-streams-for-various- end-use-industries-tmr-301283167.html Key Manufacturers Operating in Global Samarium Market The global samarium market was fragmented in 2020. Large numbers of companies operate at a global and regional level. Most of these companies are investing in R&D activities to develop innovative products to gain larger share of the samarium market. Major companies include: Ningbo Ketian Magnet Co., Ltd. Ninggang Permanent Magnetic Materials Co. Ltd. ADAMS Magnetic Products Co., Inc. Arnold Magnetic Technologies Corp. Eclipse Magnetics Ltd. Molycorp Chemicals and Oxides Hangzhou Global Samarium Market: Research Scope Global Samarium Market, by Type Rings Cylinders Others Global Samarium Market, by Application Electronics Automotive Medical

3. Environment & Energy Aerospace & Defense Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep _id=61464