Top 10 Companies in the Plastic-bonded Permanent Magnets Industry (2025): Market Leaders Enabling Next-Generation Magnetic Applications

In Business Insights
June 24, 2025

The Global Plastic-bonded Permanent Magnets Market was valued at USD 752 Million in 2024 and is projected to reach USD 1,117 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period (2024-2032). This robust growth is driven by expanding applications in electric vehicles, industrial automation, and medical devices where precision-engineered magnetic components are increasingly critical.

As industries demand more compact, corrosion-resistant magnet solutions with complex geometries, plastic-bonded technologies are becoming the preferred choice over traditional sintered magnets. In this analysis, we examine the Top 10 Companies in the Plastic-bonded Permanent Magnets Industry—pioneers advancing bonded NdFeB, ferrite, and SmCo technologies across global markets.


🔟 1. Daido Electronics Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: Isotropic/anisotropic bonded NdFeB magnets

Daido Electronics leads in high-performance bonded magnet solutions, supplying precision components for automotive sensors, brushless DC motors, and industrial automation systems. Their proprietary processing techniques achieve magnetic energy products up to 10 MGOe in polymer-bonded forms.

Technical Excellence:

  • Patented powder metallurgy processes for enhanced coercivity
  • Automotive-grade magnets with operating temperatures to 180°C
  • Thin-wall magnet solutions down to 0.3mm thickness

Download FREE Sample Report:
Plastic-bonded Permanent Magnets Market – View in Detailed Research Report


9️⃣ 2. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: NeoBond® NdFeB, specialty magnetic composites

Arnold’s expertise in advanced magnetic materials serves demanding aerospace, defense, and medical applications. Their compression and injection molding capabilities produce magnets with tight tolerances (±0.005 inches) for mission-critical systems.

Innovation Highlights:

  • Radiation-resistant formulations for space applications
  • Custom magnetic shielding solutions

8️⃣ 3. Hengdian Group DMEGC Magnetics

Headquarters: Dongyang, China
Key Offering: High-volume bonded NdFeB magnets

As China’s largest producer, DMEGC operates vertically integrated facilities producing over 8,000 metric tons annually. Their cost-effective solutions power consumer electronics, appliance motors, and automotive subsystems globally.

Manufacturing Scale:

  • 50+ injection molding presses (80-3,200 ton capacity)
  • Automated grading and magnetization systems

7️⃣ 4. JL Mag Rare-Earth Co., Ltd.

Headquarters: Ganzhou, China
Key Offering: High-coercivity bonded NdFeB powders

JL Mag’s proprietary hydrogen processing (HDDR) technology produces magnetic powders with exceptional temperature stability, serving EV motor and industrial automation markets requiring premium magnetic properties.

Material Advantages:

  • Br up to 8.3 kG with Hcj to 20 kOe
  • 30+ patents in rare-earth powder production

Download FREE Sample Report:
Plastic-bonded Permanent Magnets Market – View in Detailed Research Report


6️⃣ 5. Magnetfabrik Bonn GmbH

Headquarters: Bonn, Germany
Key Offering: Precision bonded ferrite magnets

This German specialist produces high-grade ferrite magnets using advanced compression molding, achieving complex geometries with ±0.05mm tolerances for sensors, relays, and holding applications.

Technical Capabilities:

  • Multi-pole magnetization up to 24 poles
  • Custom magnetic assemblies with integrated components

5️⃣ 6. Advanced Technology & Materials Co., Ltd. (AT&M)

Headquarters: Beijing, China
Key Offering: Anisotropic bonded NdFeB magnets

AT&M’s state-funded research center develops advanced magnetic materials achieving (BH)max up to 12 MGOe in bonded forms. Their dual-production system serves both mass-market and specialized industrial applications.

R&D Focus:

  • Grain boundary diffusion technology
  • Recycling technologies for rare-earth metals

4️⃣ 7. Tokyo Ferrite Manufacturing Co., Ltd.

Headquarters: Saitama, Japan
Key Offering: Oriented bonded ferrite magnets

Specializing in precision ferrite solutions, Tokyo Ferrite supplies critical components for small precision motors and position sensors across Asian electronics manufacturers.

Market Position:

  • 30+ years of ferrite magnet expertise
  • 25% share in Japanese bonded ferrite market

3️⃣ 8. Mate Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Micro-bonded magnets for medical devices

Mate excels in miniature magnet solutions under 1mm for minimally invasive surgical tools, hearing aids, and micro-motors, manufactured in ISO Class 5 cleanroom environments.

Specialization:

  • 0.1mm feature resolution capabilities
  • Biocompatible PPS and PEEK-bonded magnets

2️⃣ 9. Sura Magnets

Headquarters: Bitterfeld-Wolfen, Germany
Key Offering: High-temperature bonded SmCo magnets

Sura produces specialty magnets stable from -200°C to 350°C for oil/gas, aerospace, and defense applications where NdFeB would demagnetize. Their formulations maintain performance in extreme environments.

Technical Edge:

  • Curie temperatures to 450°C
  • Corrosion-resistant formulations

1️⃣ 10. Evitron GmbH

Headquarters: Büren, Germany
Key Offering: Integrated magnetic assemblies

Evitron combines magnet production with complete system engineering, delivering turnkey solutions with integrated sensors and shielding for automotive and industrial automation applications.

Value Proposition:

  • Magnetic circuit simulation services
  • Automated 100% quality testing

Get Full Report Here:
Plastic-bonded Permanent Magnets Market – View in Detailed Research Report


🧭 Industry Outlook: Precision and Sustainability Driving Innovation

The plastic-bonded magnet market is undergoing significant transformation as manufacturers balance performance requirements with sustainability initiatives. With rare-earth supply chain challenges and environmental regulations increasing, companies are investing in advanced material science and production technologies.

📈 Key Market Trends:

  • Accelerating adoption in EV traction motors and charging systems
  • Development of heavy rare-earth-free high-temperature materials
  • Integration of Industry 4.0 in production for quality control
  • Expanding medical applications for MRI-compatible devices

Get Full Report Here:
Plastic-bonded Permanent Magnets Market – View in Detailed Research Report

These industry leaders are not just manufacturing magnets—they’re enabling technological advancements across electric mobility, smart manufacturing, and medical innovation worldwide.