The Global Ferrite Circular Disc Magnet Market was valued at USD 1.2 Billion in 2023 and is projected to reach USD 1.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024–2030). This growth is driven by increasing demand from automotive, consumer electronics, and renewable energy sectors, along with advancements in high-performance magnetic materials.

As industries transition toward energy-efficient solutions and compact electronic designs, ferrite circular disc magnets are becoming indispensable components. In this blog, we profile the Top 10 Companies in the Ferrite Circular Disc Magnet Industry—key manufacturers and innovators shaping the future of permanent magnet technology.

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🔟 1. Galaxy Magnets

Headquarters: Xiamen, China
Key Offering: High-grade strontium ferrite, barium ferrite disc magnets

Galaxy Magnets is a leading global manufacturer specializing in ferrite magnets for industrial and consumer applications. Their product portfolio includes radial, diametric, and multi-pole disc magnets with superior coercivity and temperature resistance.

Innovation Highlights:

• ISO 9001-certified production facilities

• Custom magnetization patterns for specialized applications

• Exporting to 50+ countries worldwide

Download FREE Sample Report: Ferrite Circular Disc Magnet Market – View in Detailed Research Report

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9️⃣ 2. Hangseng(Ningbo) Magnetech

Headquarters: Ningbo, China
Key Offering: Ultra-thin ferrite disc magnets (0.5mm-30mm)

Hangseng Magnetech has established itself as a specialist in miniature ferrite magnets for precision applications. The company supplies to major electronics OEMs and holds multiple patents in magnet manufacturing processes.

Innovation Highlights:

• Automated quality control systems

• Proprietary surface treatment technologies

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8️⃣ 3. Ningbo Yunsheng

Headquarters: Ningbo, China
Key Offering: Industrial-grade ferrite disc magnets

As one of China’s largest ferrite magnet producers, Ningbo Yunsheng serves automotive, appliance, and energy markets with high-volume manufacturing capabilities and strict quality standards.

Innovation Highlights:

• Vertical integration from raw materials to finished products

• Special formulations for high-temperature applications

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7️⃣ 4. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Precision ferrite magnets for electronics

TDK’s ferrite division produces some of the most reliable disc magnets used in speakers, sensors, and motors across consumer electronics and automotive applications.

Innovation Highlights:

• Nanocrystalline ferrite technology

• Integrated solutions with other electronic components

Download FREE Sample Report: Ferrite Circular Disc Magnet Market – View in Detailed Research Report

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6️⃣ 5. MS-Schramberg

Headquarters: Schramberg, Germany
Key Offering: High-performance ferrite magnets

This German manufacturer specializes in ferrite magnets for demanding industrial applications, with particular expertise in automotive and automation sectors.

Innovation Highlights:

• Custom magnetic circuit design services

• Advanced testing and simulation capabilities

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5️⃣ 6. DMEGC

Headquarters: Dongyang, China
Key Offering: Cost-effective ferrite disc magnets

DMEGC has grown rapidly to become one of the world’s top ferrite magnet suppliers, with a focus on delivering value-oriented solutions without compromising quality.

Innovation Highlights:

• Large-scale production capacity

• Streamlined global distribution network

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4️⃣ 7. Magnetool

Headquarters: Troy, Michigan, USA
Key Offering: Custom ferrite magnet solutions

Magnetool serves North American markets with specialized ferrite disc magnets designed for specific industrial applications and operating conditions.

Innovation Highlights:

• Rapid prototyping services

• Engineering support for magnetic assemblies

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3️⃣ 8. Sinomag

Headquarters: Beijing, China
Key Offering: Research-grade ferrite magnets

Sinomag combines production capabilities with significant R&D investments, developing advanced ferrite materials for next-generation applications.

Innovation Highlights:

• University research collaborations

• Specialized magnetic measurement services

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2️⃣ 9. Magnetic Components

Headquarters: Chennai, India
Key Offering: Ferrite magnets for renewable energy

This Indian manufacturer focuses on durable ferrite disc magnets for wind turbines, solar tracking systems, and other green energy applications.

Innovation Highlights:

• Sustainable production processes

• Corrosion-resistant formulations

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1️⃣ 10. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Aerospace-grade ferrite magnets

Arnold produces highly reliable ferrite disc magnets for mission-critical applications in aerospace, defense, and medical equipment where failure is not an option.

Innovation Highlights:

• MIL-spec compliant products

• Extensive testing and certification capabilities

Get Full Report Here: Ferrite Circular Disc Magnet Market – View in Detailed Research Report

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🧲 Outlook: The Future of Ferrite Circular Disc Magnets

The ferrite disc magnet market is evolving rapidly, driven by technological advancements and shifting industry demands. While traditional applications remain strong, new opportunities are emerging in EV components, IoT devices, and smart home technologies.

📈 Key Trends Shaping the Market:

• Increasing miniaturization of electronic devices requiring smaller magnets

• Growing demand for cost-effective alternatives to rare-earth magnets

• Advancements in ferrite material science improving performance

• Expansion of automated production techniques for higher consistency

Get Full Report Here: Ferrite Circular Disc Magnet Market – View in Detailed Research Report

The companies profiled above are at the forefront of ferrite magnet technology, driving innovation while maintaining the cost-effectiveness that makes these materials essential across industries.