The Global Injected Plastic-Bonded Magnets Market was valued at US$ 423 Million in 2024 and is projected to reach US$ 638 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2031). This robust growth is fueled by expanding applications in electric vehicles, industrial automation, and smart devices, along with advancements in magnetic material technology and manufacturing processes.
As industries increasingly demand lightweight, corrosion-resistant magnetic components with complex geometries, injected plastic-bonded magnets are becoming essential across multiple sectors. In this comprehensive analysis, we examine the Top 10 Companies in the Injected Plastic-Bonded Magnets Industry—technology leaders that are defining the future of magnetic solutions through innovation and strategic market expansion.
🔟 1. Arnold Magnetic Technologies
Headquarters: Rochester, New York, USA
Revenue (2024): $85 million (estimated)
Key Offering: Complex-shaped bonded magnets for extreme environments
Arnold Magnetic Technologies brings over 130 years of magnetic expertise to the plastic-bonded magnet sector. The company specializes in solving complex engineering challenges through custom magnetic solutions that combine superior performance with design flexibility.
Technology Leadership:
- Pioneer in high-temperature polymer formulations (up to 300°C continuous operation)
- ISO/IATF-certified manufacturing facilities in North America, Europe and Asia
- Patented MagnetLok® technology for enhanced mechanical bonding
Download FREE Sample Report: Injected Plastic-Bonded Magnets Market – View Detailed Analysis
9️⃣ 2. Daido Electronics Co., Ltd.
Headquarters: Nagoya, Japan
Revenue (2024): ¥7.8 billion ($52 million)
Key Offering: High-precision anisotropic bonded NdFeB magnets
Daido Electronics dominates the Asian market with its proprietary alignment technologies that deliver magnetic properties comparable to sintered magnets. The company operates dedicated R&D centers for bonded magnet innovation.
Technology Leadership:
- Industry-leading magnetic energy product (10-12 MGOe) for bonded magnets
- Automated high-volume production with ±0.02 mm tolerance control
- Patented anti-corrosion surface treatments for harsh environments
8️⃣ 3. Mate Co., Ltd.
Headquarters: Sofia, Bulgaria
Revenue (2024): €38 million ($41 million)
Key Offering: Fully integrated magnetic assemblies
Mate has revolutionized magnet manufacturing in Europe through its vertically integrated production model. The company combines injection molding, overmolding, and assembly operations for complete component solutions.
Technology Leadership:
- In-house tooling design and rapid prototyping capabilities
- Multicomponent molding for sensors and actuators
- Automated optical inspection systems for zero-defect production
7️⃣ 4. Toda Kogyo Corporation
Headquarters: Hiroshima, Japan
Revenue (2024): ¥12.3 billion ($82 million)
Key Offering: Specialty ferrite and rare-earth compositions
Toda Kogyo’s materials science expertise has positioned it as a preferred supplier for automotive and industrial applications. The company’s Hiroshima facility houses one of Asia’s most advanced magnet research centers.
Technology Leadership:
- Patented low-rare earth formulations reducing material costs by 30%
- High-flow polymers enabling thin-wall (<0.5mm) magnet designs
- Integrated magnet simulation and testing services
Download FREE Sample Report: Injected Plastic-Bonded Magnets Market – View Detailed Analysis
6️⃣ 5. Bomatec AG
Headquarters: Frauenfeld, Switzerland
Revenue (2024): CHF 45 million ($50 million)
Key Offering: Medical-grade magnetic components
Bomatec has carved a niche in high-precision magnetic solutions for medical device manufacturers. The company operates Class 8 cleanrooms and maintains FDA-compliant quality systems.
Technology Leadership:
- Biocompatible polymer formulations for implants
- Micro-injection capabilities for components under 1mm
- Full material traceability from raw material to finished product
5️⃣ 6. Hengdian Group DMEGC Magnetics
Headquarters: Dongyang, China
Revenue (2024): ¥1.2 billion ($165 million)
Key Offering: Cost-optimized magnet solutions for mass production
As China’s largest magnet producer, DMEGC delivers unparalleled scale advantages through vertically integrated manufacturing from raw materials to finished magnets.
Technology Leadership:
- Proprietary automated debinding and curing processes
- AI-driven production planning reducing lead times by 40%
- World’s largest injection molding press dedicated to magnet production
4️⃣ 7. JL Mag Rare-Earth Co., Ltd.
Headquarters: Ganzhou, China
Revenue (2024): ¥3.5 billion ($482 million)
Key Offering: Sustainable rare-earth magnet technologies
JL Mag leads the industry in developing eco-friendly magnet solutions without compromising performance. The company’s R&D focuses on reducing environmental impact across the product lifecycle.
Technology Leadership:
- Processes reducing heavy rare earth content by up to 50%
- Closed-loop recycling systems for production waste
- Water-based binder systems eliminating VOC emissions
Download FREE Sample Report: Injected Plastic-Bonded Magnets Market – View Detailed Analysis
3️⃣ 8. Advanced Technology & Materials Co., Ltd.
Headquarters: Beijing, China
Revenue (2024): ¥2.8 billion ($385 million)
Key Offering: Defense and aerospace magnetic solutions
As a state-owned enterprise, AT&M develops specialized magnetic materials for China’s strategic industries. The company maintains strict military specifications and export controls.
Technology Leadership:
- Radiation-resistant formulations for space applications
- High-coercivity magnets for extreme environments
- Multilayer security marking technology
2️⃣ 9. Evitron
Headquarters: Saint-Genis-Pouilly, France
Revenue (2024): €28 million ($30 million)
Key Offering: Scientific research-grade magnets
Evitron collaborates with leading physics laboratories worldwide to develop custom magnetic solutions for particle accelerators and experimental physics setups.
Technology Leadership:
- Ultra-stable magnetic field formulations (±0.01% over 10 years)
- Cryogenic-compatible materials for superconducting applications
- Precision magnetization systems with 0.1° angular positioning
1️⃣ 10. Magsuper (Dongguan) Magnetics Co., Ltd.
Headquarters: Dongguan, China
Revenue (2024): ¥650 million ($90 million)
Key Offering: Miniature magnet assemblies for consumer electronics
Magsuper specializes in micro-magnetic solutions for the rapidly growing wearable technology and IoT device markets. The company operates dedicated miniaturization research labs.
Technology Leadership:
- World’s smallest injected bonded magnets (0.3mm thickness)
- Multipolar magnetization in micro-components
- Automated micro-assembly systems with 5μm precision
Access Full Market Analysis: Complete Injected Plastic-Bonded Magnets Industry Report
🌍 Market Outlook: Smart and Sustainable Magnetic Solutions
The injected plastic-bonded magnet industry stands at an inflection point, driven by technological breakthroughs and shifting industry demands. Traditional magnet applications are being redefined by smart materials and advanced manufacturing techniques that enable unprecedented performance characteristics.
📈 Key Industry Trends to Watch:
- EV Revolution: Electric vehicle motors demanding thinner, lighter magnets with higher temperature resistance
- Material Innovation: Graphene-enhanced polymers and nanoparticle fillers boosting magnetic properties
- Sustainability Push: Closed-loop recycling systems and rare-earth-free formulations gaining traction
- Industry 4.0: AI-assisted design and digital twin simulations accelerating development cycles
- Functional Integration: Magnets combining sensing, energy harvesting and structural capabilities
The companies profiled above represent the vanguard of this technological transformation. Their continued innovation will determine how bonded magnet solutions evolve to meet tomorrow’s engineering challenges.
Access Full Market Analysis: Complete Injected Plastic-Bonded Magnets Industry Report
- Top 10 Companies in the Multilayer MLCC Release Film Industry (2025): Market Leaders Powering Next-Gen Electronics - June 7, 2025
- Top 10 Companies in the NaA Zeolite Membrane Industry (2025): Market Leaders Revolutionizing Separation Technologies - June 7, 2025
- Non-woven Tapes Market Research Report 2025,Forecast to 2032 - June 7, 2025