Global Samarium Iron Nitrogen Magnet Market to Hit USD 55.08 Million by 2032, Growing at 3.6% CAGR from 2024
global Samarium Iron Nitrogen (SmFeN) Magnet Market is poised for steady expansion, currently valued at USD 43 million in 2023 and projected to reach USD 55.08 million by 2030, growing at a CAGR of 3.60%. This niche but critical segment is gaining traction as industries seek high-performance alternatives to conventional rare-earth magnets, particularly in applications demanding superior temperature stability and magnetic strength.