The Global Plastic Bonded Magnets Market was valued at US$ 643.8 million in 2022 and is projected to reach US$ 945.7 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2022–2029). This growth is being driven by the expanding automotive sector’s demand for lightweight components, the proliferation of consumer electronics requiring compact magnetic solutions, and advancements in medical devices that leverage precise magnetic properties, all while considering the impacts of global events like COVID-19 and the Russia-Ukraine War on supply chains and market dynamics.

As the magnetic materials industry advances toward more efficient, customizable, and high-performance applications, the focus turns to the leading manufacturers who are pioneering new production techniques, enhancing material properties, and meeting the needs of diverse sectors from automotive to healthcare. In this blog, we profile the Top 10 Companies in the Plastic Bonded Magnets Industry—a blend of specialized innovators, industrial giants, and technology specialists who are redefining the landscape of bonded magnet solutions through injection molding, pressing processes, and sustainable practices.

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🔟 1. Sura Magnets

Headquarters: Shanghai, China
Key Offering: Injection Molded Magnets, Compression Bonded Magnets for Automotive and Electronics

Sura Magnets stands out as a prominent player in the Asian market, specializing in high-precision plastic bonded magnets that integrate seamlessly into electric motors and sensors. Their expertise in ferrite and rare-earth based composites allows for cost-effective production tailored to high-volume applications, serving major clients in the consumer electronics and automotive industries with reliable performance under varying temperatures and conditions.

Key Innovations:

• Development of hybrid bonded magnets combining NdFeB and ferrite for balanced cost and strength

• Advanced injection molding techniques reducing waste by up to 20% in manufacturing

• Expansion into medical device components with biocompatible magnet formulations

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/201321/plastic-bonded-magnets-market-2023-2030-873

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9️⃣ 2. IMA

Headquarters: Italy
Key Offering: Pressed and Injected Plastic Bonded Magnets for Industrial Applications

IMA has established itself as a European leader in producing versatile plastic bonded magnets, particularly for use in pumps, sensors, and actuators. The company’s focus on customization enables clients to achieve specific magnetic orientations and shapes, making their products essential in precision engineering where traditional sintered magnets fall short in terms of form factor flexibility.

Key Innovations:

• Patented pressing processes that enhance magnetic density without compromising structural integrity

• Collaborations with automotive suppliers to integrate magnets into electric vehicle drivetrains

• Investment in eco-friendly binders to reduce environmental impact in production

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8️⃣ 3. Thyssenkrupp

Headquarters: Essen, Germany
Key Offering: Bonded Magnets for Automotive and Renewable Energy Systems

Thyssenkrupp, a global industrial powerhouse, leverages its materials expertise to produce high-performance plastic bonded magnets that power electric motors and generators. Their integration of advanced compounding technologies ensures superior corrosion resistance and thermal stability, catering to the demanding requirements of wind turbines and hybrid vehicles where durability is paramount.

Key Innovations:

• Innovative use of polymer matrices for lightweight magnet components in EVs

• R&D focused on recycling rare-earth elements from bonded magnets

• Strategic partnerships for scaling production in emerging markets

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7️⃣ 4. MS-Schramberg

Headquarters: Schramberg, Germany
Key Offering: Custom Injection Molded Magnets for Electronics and Medical Devices

MS-Schramberg excels in delivering tailored plastic bonded magnet solutions, emphasizing precision molding for complex geometries used in hard drives, medical pumps, and consumer gadgets. Their commitment to quality control and material science allows for magnets that maintain consistent performance in miniaturized applications, bridging the gap between functionality and size constraints.

Key Innovations:

• High-tolerance injection processes enabling micro-magnet production

• Development of low-noise magnets for audio and vibration-sensitive equipment

• Sustainable sourcing of magnetic powders to meet EU environmental standards

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/201321/plastic-bonded-magnets-market-2023-2030-873

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6️⃣ 5. Bomatec Group

Headquarters: Switzerland
Key Offering: Compression Bonded Magnets for Home Appliances and Industrial Motors

Bomatec Group is renowned for its robust compression bonded magnets that provide high magnetic strength in compact forms, ideal for washing machines, fans, and power tools. By optimizing the bonding process, they achieve enhanced mechanical properties, allowing their products to withstand harsh operational environments while supporting efficient energy conversion.

Key Innovations:

• Enhanced ferrite compounding for cost-effective high-torque applications

• Automation in production lines to increase output for global appliance manufacturers

• Exploration of bio-based plastics as binders for greener magnet production

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5️⃣ 6. Evitron

Headquarters: Czech Republic
Key Offering: Specialized Bonded Magnets for Automotive Sensors and Electronics

Evitron specializes in engineering plastic bonded magnets with precise magnetic fields, crucial for position sensors in vehicles and electronic controls. Their in-house testing facilities ensure compliance with international standards, making them a trusted partner for OEMs seeking reliable components that contribute to safer and smarter technologies.

Key Innovations:

• Multi-pole magnetization techniques for advanced sensor integration

• Collaborative projects with European automakers on EV component development

• Focus on reducing rare-earth dependency through alternative formulations

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4️⃣ 7. Bunting Magnetics

Headquarters: Newton, Kansas, USA
Key Offering: Injected and Pressed Magnets for Industrial and Separation Applications

Bunting Magnetics leads in North America with a broad portfolio of plastic bonded magnets used in magnetic separation, lifting systems, and motors. Their emphasis on durability and customization supports industries like recycling and manufacturing, where strong, resilient magnets are essential for operational efficiency and material handling.

Key Innovations:

• High-strength NdFeB bonded magnets for heavy-duty industrial uses

• Expansion of facilities to meet rising demand in the U.S. renewable sector

• Initiatives to improve magnet recyclability at end-of-life

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3️⃣ 8. Goudsmit Magnetics

Headquarters: Waalre, Netherlands
Key Offering: Custom Bonded Magnets for Automation and Medical Equipment

Goudsmit Magnetics offers innovative plastic bonded solutions that excel in automation systems, robotic grippers, and healthcare devices. Their ability to produce magnets with intricate designs and consistent quality drives adoption in high-tech sectors, where precision and reliability directly impact product performance and user safety.

Key Innovations:

• Advanced simulation tools for optimizing magnetic field designs

• Partnerships with medtech firms for MRI-compatible magnet components

• Sustainable manufacturing practices aligning with circular economy principles

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/201321/plastic-bonded-magnets-market-2023-2030-873

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2️⃣ 9. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Ferrite and Rare-Earth Bonded Magnets for Electronics and Automotive

TDK Corporation, a titan in electronics, dominates with its advanced plastic bonded magnets integral to smartphones, hard disk drives, and electric power steering systems. Their relentless R&D investment ensures cutting-edge materials that deliver superior magnetic properties, enabling smaller, more powerful devices that fuel the digital age.

Key Innovations:

• Next-generation bonded ferrite magnets with improved temperature resistance

• Global supply chain optimizations for just-in-time delivery to tech giants

• Research into sustainable rare-earth alternatives amid supply volatility

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1️⃣ 10. Sinomag

Headquarters: Ningbo, China
Key Offering: High-Volume Injection Molded Magnets for Consumer and Industrial Uses

Sinomag tops the list as a high-capacity producer of plastic bonded magnets, supplying vast quantities to global markets for appliances, motors, and sensors. Their scalable manufacturing prowess, combined with competitive pricing, positions them as a cornerstone for industries transitioning to electrified and automated systems, ensuring accessibility to quality magnetic components worldwide.

Key Innovations:

• Large-scale production of multi-material bonded magnets for diverse applications

• Integration of IoT monitoring in manufacturing for quality assurance

• Strategic expansions to serve growing demands in Asia-Pacific renewables

Read Full Report: https://www.24chemicalresearch.com/reports/201321/plastic-bonded-magnets-market-2023-2030-873

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🌍 Outlook: The Future of Plastic Bonded Magnets Is Compact and Sustainable

The plastic bonded magnets market is experiencing transformative growth as industries prioritize lightweight, energy-efficient components. While traditional applications in automotive and electronics remain strong, the sector is channeling significant resources into developing recyclable materials, advanced molding techniques, and hybrid compositions that reduce reliance on scarce resources like rare-earth elements. This evolution not only addresses environmental concerns but also unlocks new opportunities in emerging fields such as wearable tech and renewable energy storage.

📈 Key Trends Shaping the Market:

• Shift toward injection molded magnets for complex, lightweight designs in EVs and gadgets

• Growing emphasis on ferrite-based bonded alternatives to mitigate rare-earth shortages

• Expansion in Asia-Pacific driven by electronics manufacturing hubs and automotive growth

• Sustainability drives, including recycled content magnets and low-energy production methods

• Rising applications in healthcare for non-invasive devices and diagnostic tools

Read Full Report: https://www.24chemicalresearch.com/reports/201321/plastic-bonded-magnets-market-2023-2030-873

The companies highlighted here are not only supplying essential magnetic components—they’re at the forefront of engineering a more connected, efficient, and eco-conscious world through innovative plastic bonded magnet technologies.