According to our (Global Info Research) latest study, the global SmFeN Magnets market size was valued at US$ 48.4 million in 2025 and is forecast to a readjusted size of US$ 60.88 million by 2032 with a CAGR of 3.4% during review period.
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 is a detailed and comprehensive analysis for global SmFeN Magnets market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global SmFeN Magnets market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/Kg), 2021-2032
Global SmFeN Magnets market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/Kg), 2021-2032
Global SmFeN Magnets market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/Kg), 2021-2032
Global SmFeN Magnets market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (US$/Kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for SmFeN Magnets
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global SmFeN Magnets market based on the following parameters - company overview, sales quantity, revenue, 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.
Market Segmentation
SmFeN Magnets market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets
Market segment by Application
Consumer Electronics
Consumer Goods
Automobile
Others
Major players covered
Daido Electronics
Sumitomo Metal Mining
Nichia Corporation
Magvalley
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SmFeN Magnets product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SmFeN Magnets, with price, sales quantity, revenue, and global market share of SmFeN Magnets from 2021 to 2026.
Chapter 3, the SmFeN Magnets competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SmFeN Magnets breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and SmFeN Magnets market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of SmFeN Magnets.
Chapter 14 and 15, to describe SmFeN Magnets sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on SmFeN Magnets. Industry analysis & Market Report on SmFeN Magnets is a syndicated market report, published as Global SmFeN Magnets Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of SmFeN Magnets market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.