Global SmFeN Magnets Supply, Demand and Key Producers, 2026-2032
Description
The global SmFeN Magnets market size is expected to reach $ 60.88 million by 2032, rising at a market growth of 3.4% CAGR during the forecast period (2026-2032).
Samarium Iron Nitride (SmFeN) magnets are high-performance anisotropic permanent magnets produced through an injection molding process. The process involves blending SmFeN magnetic powder with engineering plastic PA12, followed by granulation and molding under an orientation magnetic field. Unlike traditional rare earth magnets, SmFeN magnets are free of cobalt (Co) and heavy rare earth elements such as dysprosium or terbium, making them a more sustainable and cost-effective alternative. These magnets exhibit superior oxidation and corrosion resistance—approximately two to three times better than comparable NdFeB (Neodymium-Iron-Boron) materials. Due to their stability and performance under harsh environmental conditions, SmFeN magnets are increasingly used in precision applications such as sensors, small motors, actuators, and other electronic components.
The global SmFeN magnet market is highly concentrated, with a few dominant players controlling the majority of the market share. Key companies include Daido Electronics, Sumitomo Metal Mining, and Nichia Corporation, which together account for more than 95% of the global market. These companies benefit from advanced proprietary technologies, established supply chains, and strong customer networks. Asia, particularly Japan and China, represents the largest production and consumption region, capturing approximately 84% of the global market. Europe and North America follow with relatively smaller shares of around 7% and 5%, respectively. The concentration of demand in Asia is largely attributed to the region's strong presence in electronics manufacturing and automotive component production, where SmFeN magnets are favored for their reliability and cost advantages.
Looking ahead, the SmFeN magnet market is expected to grow steadily, driven by the expanding demand for miniaturized and efficient components in the electronics, automotive, and industrial automation sectors. The global push for reducing dependency on heavy rare earth elements and cobalt—both of which face geopolitical and supply risks—further enhances the strategic value of SmFeN magnets. In particular, their superior environmental resistance makes them suitable for emerging applications such as electric vehicle sensors and outdoor industrial equipment. With increasing focus on sustainability, cost optimization, and material innovation, SmFeN magnets are well-positioned as a next-generation solution in the permanent magnet industry.
This report studies the global SmFeN Magnets production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for SmFeN Magnets and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of SmFeN Magnets that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global SmFeN Magnets total production and demand, 2021-2032, (MT)
Global SmFeN Magnets total production value, 2021-2032, (USD Million)
Global SmFeN Magnets production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global SmFeN Magnets consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: SmFeN Magnets domestic production, consumption, key domestic manufacturers and share
Global SmFeN Magnets production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global SmFeN Magnets production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global SmFeN Magnets production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global SmFeN Magnets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Daido Electronics, Sumitomo Metal Mining, Nichia Corporation, Magvalley, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World SmFeN Magnets market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (US$/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global SmFeN Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global SmFeN Magnets Market, Segmentation by Type:
Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets
Global SmFeN Magnets Market, Segmentation by Application:
Consumer Electronics
Consumer Goods
Automobile
Others
Companies Profiled:
Daido Electronics
Sumitomo Metal Mining
Nichia Corporation
Magvalley
Key Questions Answered:
1. How big is the global SmFeN Magnets market?
2. What is the demand of the global SmFeN Magnets market?
3. What is the year over year growth of the global SmFeN Magnets market?
4. What is the production and production value of the global SmFeN Magnets market?
5. Who are the key producers in the global SmFeN Magnets market?
6. What are the growth factors driving the market demand?
Samarium Iron Nitride (SmFeN) magnets are high-performance anisotropic permanent magnets produced through an injection molding process. The process involves blending SmFeN magnetic powder with engineering plastic PA12, followed by granulation and molding under an orientation magnetic field. Unlike traditional rare earth magnets, SmFeN magnets are free of cobalt (Co) and heavy rare earth elements such as dysprosium or terbium, making them a more sustainable and cost-effective alternative. These magnets exhibit superior oxidation and corrosion resistance—approximately two to three times better than comparable NdFeB (Neodymium-Iron-Boron) materials. Due to their stability and performance under harsh environmental conditions, SmFeN magnets are increasingly used in precision applications such as sensors, small motors, actuators, and other electronic components.
The global SmFeN magnet market is highly concentrated, with a few dominant players controlling the majority of the market share. Key companies include Daido Electronics, Sumitomo Metal Mining, and Nichia Corporation, which together account for more than 95% of the global market. These companies benefit from advanced proprietary technologies, established supply chains, and strong customer networks. Asia, particularly Japan and China, represents the largest production and consumption region, capturing approximately 84% of the global market. Europe and North America follow with relatively smaller shares of around 7% and 5%, respectively. The concentration of demand in Asia is largely attributed to the region's strong presence in electronics manufacturing and automotive component production, where SmFeN magnets are favored for their reliability and cost advantages.
Looking ahead, the SmFeN magnet market is expected to grow steadily, driven by the expanding demand for miniaturized and efficient components in the electronics, automotive, and industrial automation sectors. The global push for reducing dependency on heavy rare earth elements and cobalt—both of which face geopolitical and supply risks—further enhances the strategic value of SmFeN magnets. In particular, their superior environmental resistance makes them suitable for emerging applications such as electric vehicle sensors and outdoor industrial equipment. With increasing focus on sustainability, cost optimization, and material innovation, SmFeN magnets are well-positioned as a next-generation solution in the permanent magnet industry.
This report studies the global SmFeN Magnets production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for SmFeN Magnets and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of SmFeN Magnets that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global SmFeN Magnets total production and demand, 2021-2032, (MT)
Global SmFeN Magnets total production value, 2021-2032, (USD Million)
Global SmFeN Magnets production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global SmFeN Magnets consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: SmFeN Magnets domestic production, consumption, key domestic manufacturers and share
Global SmFeN Magnets production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global SmFeN Magnets production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global SmFeN Magnets production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global SmFeN Magnets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Daido Electronics, Sumitomo Metal Mining, Nichia Corporation, Magvalley, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World SmFeN Magnets market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (US$/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global SmFeN Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global SmFeN Magnets Market, Segmentation by Type:
Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets
Global SmFeN Magnets Market, Segmentation by Application:
Consumer Electronics
Consumer Goods
Automobile
Others
Companies Profiled:
Daido Electronics
Sumitomo Metal Mining
Nichia Corporation
Magvalley
Key Questions Answered:
1. How big is the global SmFeN Magnets market?
2. What is the demand of the global SmFeN Magnets market?
3. What is the year over year growth of the global SmFeN Magnets market?
4. What is the production and production value of the global SmFeN Magnets market?
5. Who are the key producers in the global SmFeN Magnets market?
6. What are the growth factors driving the market demand?
Table of Contents
87 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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