The global Composite Bonded Magnet market was valued at USD 3.8 billion in 2023 and is projected to reach USD 5.9 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024-2030). This growth trajectory is driven by increasing demand from automotive, electronics, and healthcare sectors, coupled with advancements in magnet manufacturing technologies.
Composite bonded magnets are emerging as critical components in modern technologies due to their superior mechanical properties, corrosion resistance, and design flexibility compared to traditional sintered magnets. In this competitive landscape, key manufacturers are innovating in material compositions and production processes to meet evolving industry requirements.
🔟 1. Galaxy Magnets
Headquarters: Shenzhen, China
Key Offering: Bonded NdFeB magnets, injection molded magnets
As one of China’s leading magnet manufacturers, Galaxy Magnets specializes in high-performance bonded neodymium magnets for automotive and consumer electronics applications. Their proprietary bonding techniques enable complex geometries with tight tolerances.
Innovation Highlights:
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Automotive-grade bonded magnets for EV applications
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Vertically integrated production from raw materials to finished products
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Annual production capacity exceeding 5,000 metric tons
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9️⃣ 2. Zhong Ke San Huan Hi-Tech
Headquarters: Beijing, China
Key Offering: Compression bonded magnets, anisotropic bonded NdFeB
This state-owned enterprise is a pioneer in rare earth magnet technology, with extensive R&D capabilities in bonded magnet formulations. Their products serve demanding applications in aerospace and industrial automation.
Innovation Highlights:
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High-temperature resistant bonded magnet solutions (up to 180°C)
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Strategic partnerships with automotive OEMs in China and Europe
8️⃣ 3. Daido Electronics
Headquarters: Aichi, Japan
Key Offering: Bonded SmCo magnets, precision magnet assemblies
Daido Electronics specializes in rare-earth bonded magnets, particularly samarium cobalt (SmCo) formulations known for their exceptional temperature stability and corrosion resistance.
Innovation Highlights:
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Patented oxidation-resistant coating technologies
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Medical-grade bonded magnets for imaging equipment
7️⃣ 4. Magnequench
Headquarters: Singapore
Key Offering: MQP bonded NdFeB powders and magnets
As a global leader in magnetic powder production, Magnequench supplies high-performance raw materials for bonded magnet manufacturing worldwide.
Innovation Highlights:
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Nano-crystalline magnetic powder technology
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Strategic partnerships with major automotive suppliers
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6️⃣ 5. IMA
Headquarters: Florida, USA
Key Offering: Custom bonded magnet solutions
International MagnaProducts specializes in complex bonded magnet designs for industrial and defense applications, offering both prototyping and high-volume production capabilities.
Innovation Highlights:
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Multi-pole bonded magnet technology
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Radiation-resistant formulations for aerospace
5️⃣ 6. Ningbo Yunsheng
Headquarters: Zhejiang, China
Key Offering: Bonded ferrite and NdFeB hybrid magnets
Ningbo Yunsheng offers cost-effective bonded magnet solutions by combining different magnetic materials to optimize performance-to-price ratios.
Innovation Highlights:
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High-volume production for consumer electronics
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Recyclable bonded magnet formulations
4️⃣ 7. Arnold Magnetic Technologies
Headquarters: New York, USA
Key Offering: High-performance bonded rare earth magnets
With nearly 130 years of experience, Arnold provides engineered magnetic solutions for mission-critical applications in aerospace, defense, and medical technology.
Innovation Highlights:
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MIL-SPEC compliant bonded magnets
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Rad-hard solutions for space applications
3️⃣ 8. TDK
Headquarters: Tokyo, Japan
Key Offering: Bonded magnet components for electronics
The electronics giant leverages its materials expertise to produce precision bonded magnets for sensors, actuators, and miniature motors across various industries.
Innovation Highlights:
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Ultra-thin bonded magnet solutions
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Integrated magnetic assemblies
2️⃣ 9. MS-Schramberg
Headquarters: Baden-Württemberg, Germany
Key Offering: Injection molded bonded magnets
This German specialist focuses on high-precision injection molded magnets, particularly for automotive and industrial automation applications.
Innovation Highlights:
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Overmolding technologies for integrated components
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Automotive-qualified materials
1️⃣ 10. DMEGC
Headquarters: Zhejiang, China
Key Offering: Cost-effective bonded NdFeB magnets
DMEGC has emerged as a major volume producer of bonded rare earth magnets, serving global supply chains with competitive pricing and reliable quality.
Innovation Highlights:
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Lean manufacturing processes
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Rapid prototyping capabilities
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🌍 Outlook: The Future of Composite Bonded Magnets
The composite bonded magnet market is undergoing significant transformation as industries demand more efficient, sustainable, and application-specific magnetic solutions.
📈 Key Trends Shaping the Market:
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Growing adoption in electric vehicle components (motors, sensors)
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Miniaturization of bonded magnets for consumer electronics
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Development of rare-earth-free bonded magnet alternatives
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Increased automation in magnet production processes
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The companies profiled above represent the vanguard of bonded magnet technology, driving innovation across multiple sectors through material science and manufacturing excellence.
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