Global Samarium Iron Nitrogen Magnet Market to Reach USD 0.06 Billion by 2030, Driven by Demand for Rare Earth Alternatives: QYResearch Report

Los Angeles, CA - April 8, 2025 - According to the latest research report from QYResearch, titled "Samarium Iron Nitrogen Magnet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", the global Samarium Iron Nitrogen Magnet market is poised for significant growth. The market is expected to reach USD 0.06 billion by 2030, expanding at a CAGR of 3.5% over the forecast period from 2024 to 2030.

The research highlights the increasing adoption of SmFeN magnets in various industries, with consumer electronics emerging as the largest application segment, accounting for 43.3% market share. The unique properties of Samarium Iron Nitrogen (SmFeN) magnets-such as higher coercivity, greater magnetic energy, and lower raw material costs compared to NdFeB magnets-are propelling their demand across the globe.

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Key Market Insights:

1. Top Players Dominate the Market: According to QYResearch's Top Players Research Center, major players such as Sumitomo Metal Mining and Daido Electronics led the market in 2023, collectively accounting for approximately 94.0% of global revenue.

2. Rising Demand for Rare Earth Alternatives: SmFeN magnets are gaining traction as a cost-effective alternative to neodymium-based magnets, thanks to the abundance and lower price of samarium oxide compared to neodymium oxide.

Market Drivers:

Superior Magnetic Properties: SmFeN permanent magnets exhibit exceptional endogenous magnetic strength, making them a viable alternative to NdFeB magnets in select applications.

Cost Efficiency: The relatively lower cost of samarium-based raw materials enhances the commercial viability of SmFeN magnets.

Performance in Extreme Environments: These magnets offer enhanced thermal stability and performance in high-temperature environments, making them ideal for advanced electronic and industrial applications.

Challenges and Restraints:

Despite their potential, SmFeN magnets face commercial production challenges due to their thermodynamically sub-stable phase, which complicates large-scale manufacturing. However, ongoing research and development may soon unlock viable processes for mass production, paving the way for broader commercialization.

Future Opportunities:

The global shift in rare earth supply chains, particularly the increased dominance of China, presents opportunities for manufacturers and investors. Additionally, with growing concerns over the depletion of neodymium resources, SmFeN magnets are emerging as a strategic substitute, particularly in neodymium compression-molded bonded magnets.

Details of Samarium Iron Nitrogen Magnet Market Segmentation: -

Segment by Key players:

Daido Electronics
Sumitomo Metal Mining
Nichia Corporation

Segment by Type:

Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets

Segment by Application:

Consumer Electronics
Consumer Goods
Automobile
Others

Regional Analysis:

The report offers a deep geographical study of the global Samarium Iron Nitrogen Magnet market where growth prospects in key regions and countries are identified to help players expand their market presence. Market drivers for each regional market are broadly analyzed in the report. Moreover, the geographical analysis provided in the report could help readers to become familiar with challenges that are specific to the regional markets analyzed. All the regional and country-wise markets studied in the report are analyzed on the basis of growth rate, value, volume, and other vital factors. This will help readers to gain in-depth knowledge of the regional growth of the Samarium Iron Nitrogen Magnet market.

Highlights of Report

(1) Market definition, product scope, and overview of the global Samarium Iron Nitrogen Magnet market

(2) Extensive analysis of market growth, limitations, prospects, risks, and trends

(3) Deep evaluation of market dynamics, including growth drivers, restraints, and opportunities

(4) Comprehensive research on potential changes in sales volume

(5) Competitor analysis with high focus on the business data, product portfolio, market share, and other vital factors that explain the market growth of the players assessed in the report

(6) Special study on changing market dynamics and overall development of the Samarium Iron Nitrogen Magnet industry

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Table of Contents

1 Market Overview
1.1 Samarium Iron Nitrogen Magnet Product Introduction
1.2 Global Samarium Iron Nitrogen Magnet Market Size Forecast
1.2.1 Global Samarium Iron Nitrogen Magnet Sales Value (2020-2031)
1.2.2 Global Samarium Iron Nitrogen Magnet Sales Volume (2020-2031)
1.2.3 Global Samarium Iron Nitrogen Magnet Sales Price (2020-2031)
1.3 Samarium Iron Nitrogen Magnet Market Trends & Drivers
1.3.1 Samarium Iron Nitrogen Magnet Industry Trends
1.3.2 Samarium Iron Nitrogen Magnet Market Drivers & Opportunity
1.3.3 Samarium Iron Nitrogen Magnet Market Challenges
1.3.4 Samarium Iron Nitrogen Magnet Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Samarium Iron Nitrogen Magnet Players Revenue Ranking (2024)
2.2 Global Samarium Iron Nitrogen Magnet Revenue by Company (2020-2025)
2.3 Global Samarium Iron Nitrogen Magnet Players Sales Volume Ranking (2024)
2.4 Global Samarium Iron Nitrogen Magnet Sales Volume by Company Players (2020-2025)
2.5 Global Samarium Iron Nitrogen Magnet Average Price by Company (2020-2025)
2.6 Key Manufacturers Samarium Iron Nitrogen Magnet Manufacturing Base and Headquarters
2.7 Key Manufacturers Samarium Iron Nitrogen Magnet Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Samarium Iron Nitrogen Magnet
2.9 Samarium Iron Nitrogen Magnet Market Competitive Analysis
2.9.1 Samarium Iron Nitrogen Magnet Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Samarium Iron Nitrogen Magnet Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Samarium Iron Nitrogen Magnet as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Isotropic SmFeN Magnets
3.1.2 Anisotropic SmFeN Magnets
3.2 Global Samarium Iron Nitrogen Magnet Sales Value by Type
3.2.1 Global Samarium Iron Nitrogen Magnet Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Samarium Iron Nitrogen Magnet Sales Value, by Type (2020-2031)
3.2.3 Global Samarium Iron Nitrogen Magnet Sales Value, by Type (%) (2020-2031)
3.3 Global Samarium Iron Nitrogen Magnet Sales Volume by Type
3.3.1 Global Samarium Iron Nitrogen Magnet Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Samarium Iron Nitrogen Magnet Sales Volume, by Type (2020-2031)
3.3.3 Global Samarium Iron Nitrogen Magnet Sales Volume, by Type (%) (2020-2031)
3.4 Global Samarium Iron Nitrogen Magnet Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Consumer Electronics
4.1.2 Consumer Goods
4.1.3 Automobile
4.1.4 Others
4.2 Global Samarium Iron Nitrogen Magnet Sales Value by Application
4.2.1 Global Samarium Iron Nitrogen Magnet Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Samarium Iron Nitrogen Magnet Sales Value, by Application (2020-2031)
4.2.3 Global Samarium Iron Nitrogen Magnet Sales Value, by Application (%) (2020-2031)
4.3 Global Samarium Iron Nitrogen Magnet Sales Volume by Application
4.3.1 Global Samarium Iron Nitrogen Magnet Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Samarium Iron Nitrogen Magnet Sales Volume, by Application (2020-2031)
4.3.3 Global Samarium Iron Nitrogen Magnet Sales Volume, by Application (%) (2020-2031)
4.4 Global Samarium Iron Nitrogen Magnet Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Samarium Iron Nitrogen Magnet Sales Value by Region
5.1.1 Global Samarium Iron Nitrogen Magnet Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Samarium Iron Nitrogen Magnet Sales Value by Region (2020-2025)
5.1.3 Global Samarium Iron Nitrogen Magnet Sales Value by Region (2026-2031)
5.1.4 Global Samarium Iron Nitrogen Magnet Sales Value by Region (%), (2020-2031)
5.2 Global Samarium Iron Nitrogen Magnet Sales Volume by Region
5.2.1 Global Samarium Iron Nitrogen Magnet Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Samarium Iron Nitrogen Magnet Sales Volume by Region (2020-2025)
5.2.3 Global Samarium Iron Nitrogen Magnet Sales Volume by Region (2026-2031)
5.2.4 Global Samarium Iron Nitrogen Magnet Sales Volume by Region (%), (2020-2031)
5.3 Global Samarium Iron Nitrogen Magnet Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
5.4.2 North America Samarium Iron Nitrogen Magnet Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
5.5.2 Europe Samarium Iron Nitrogen Magnet Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
5.6.2 Asia Pacific Samarium Iron Nitrogen Magnet Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
5.7.2 South America Samarium Iron Nitrogen Magnet Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
5.8.2 Middle East & Africa Samarium Iron Nitrogen Magnet Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Samarium Iron Nitrogen Magnet Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Samarium Iron Nitrogen Magnet Sales Value
6.2.1 Key Countries/Regions Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.2.2 Key Countries/Regions Samarium Iron Nitrogen Magnet Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.3.2 United States Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.4.2 Europe Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.5.2 China Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.5.3 China Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.6.2 Japan Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.7.2 South Korea Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.8.2 Southeast Asia Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Samarium Iron Nitrogen Magnet Sales Value, 2020-2031
6.9.2 India Samarium Iron Nitrogen Magnet Sales Value by Type (%), 2024 VS 2031
6.9.3 India Samarium Iron Nitrogen Magnet Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Daido Electronics
7.1.1 Daido Electronics Company Information
7.1.2 Daido Electronics Introduction and Business Overview
7.1.3 Daido Electronics Samarium Iron Nitrogen Magnet Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Daido Electronics Samarium Iron Nitrogen Magnet Product Offerings
7.1.5 Daido Electronics Recent Development
7.2 Sumitomo Metal Mining
7.2.1 Sumitomo Metal Mining Company Information
7.2.2 Sumitomo Metal Mining Introduction and Business Overview
7.2.3 Sumitomo Metal Mining Samarium Iron Nitrogen Magnet Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Sumitomo Metal Mining Samarium Iron Nitrogen Magnet Product Offerings
7.2.5 Sumitomo Metal Mining Recent Development
7.3 Nichia Corporation
7.3.1 Nichia Corporation Company Information
7.3.2 Nichia Corporation Introduction and Business Overview
7.3.3 Nichia Corporation Samarium Iron Nitrogen Magnet Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Nichia Corporation Samarium Iron Nitrogen Magnet Product Offerings
7.3.5 Nichia Corporation Recent Development

8 Industry Chain Analysis
8.1 Samarium Iron Nitrogen Magnet Industrial Chain
8.2 Samarium Iron Nitrogen Magnet Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Samarium Iron Nitrogen Magnet Sales Model
8.5.2 Sales Channel
8.5.3 Samarium Iron Nitrogen Magnet Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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