The Global Bonded Neodymium Magnet Market was valued at USD 2.85 Billion in 2024 and is projected to reach USD 4.12 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2029). This growth is being driven by increasing demand for high-performance magnetic materials in consumer electronics, automotive motors, and industrial applications, along with the accelerating adoption of advanced magnet manufacturing technologies across multiple industry sectors.

As the global push for energy efficiency and miniaturization accelerates across electronics and automotive sectors, the spotlight is on the key magnet manufacturers who are driving innovation, performance optimization, and material science breakthroughs. In this blog, we profile the Top 10 Companies in the Bonded Neodymium Magnet Industry—a mix of material science pioneers, manufacturing specialists, and technology innovators shaping the future of permanent magnet applications.

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🔟 1. Galaxy Magnetic

Headquarters: Xiamen, China
Key Offering: Bonded Neodymium Magnets, Injection Molded Magnets, Custom Magnet Assemblies

Galaxy Magnetic is a leading manufacturer specializing in bonded neodymium magnet production with comprehensive capabilities from raw material processing to finished magnet manufacturing. The company serves automotive, electronics, and industrial clients globally with high-precision magnetic components.

Innovation Initiatives:

• Advanced injection molding and compression molding technologies

• Focus on complex geometries and miniaturized magnet solutions

• ISO 9001 and IATF 16949 certified manufacturing facilities

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9️⃣ 2. Advanced Technology and Materials (AT&M)

Headquarters: Beijing, China
Key Offering: High-performance bonded magnets, Rare earth materials, Magnetic assemblies

AT&M is one of China’s prominent rare earth material companies with extensive capabilities in bonded magnet production. The company leverages its vertical integration from rare earth mining to magnet manufacturing.

Innovation Initiatives:

• R&D focus on magnetic property enhancement

• Partnerships with automotive and consumer electronics manufacturers

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8️⃣ 3. Zhejiang Innuovo Magnetics

Headquarters: Zhejiang, China
Key Offering: Bonded NdFeB magnets, Magnetic sensors, Rotor assemblies

Zhejiang Innuovo Magnetics specializes in the development and production of bonded neodymium magnets for automotive, industrial, and consumer applications.

Innovation Initiatives:

• Advanced manufacturing processes for high-volume production

• Quality control systems ensuring consistent magnetic performance

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7️⃣ 4. Magsuper

Headquarters: Dongguan, China
Key Offering: Custom bonded magnets, Multi-pole magnet rings, Sensor magnets

Magsuper has established itself as a reliable supplier of bonded neodymium magnets with strong export capabilities to North American and European markets.

Innovation Initiatives:

• Innovations in rare earth material utilization efficiency

• Specialization in complex magnetic circuit designs

Download FREE Sample Report: Bonded Neodymium Magnet Market – View in Detailed Research Report

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6️⃣ 5. Daido Electronics

Headquarters: Nagoya, Japan
Key Offering: Bonded NdFeB magnets, Ferrite magnets, Magnetic separation equipment

Daido Electronics is a Japanese magnet manufacturer with decades of experience in magnetic material development and production.

Innovation Initiatives:

• High-precision manufacturing for automotive and industrial applications

• Quality-focused production with emphasis on reliability and durability

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5️⃣ 6. Beijing Zhong Ke San Huan Hi-Tech

Headquarters: Beijing, China
Key Offering: Sintered NdFeB magnets, Bonded magnets, Magnetic components

Beijing Zhong Ke San Huan Hi-Tech is one of China’s leading rare earth magnet manufacturers with strong R&D capabilities in material science.

Innovation Initiatives:

• Advanced research in rare earth permanent magnet technologies

• Strong IP portfolio covering various magnet manufacturing processes

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4️⃣ 7. Yunsheng Company

Headquarters: Ningbo, China
Key Offering: Sintered NdFeB magnets, Bonded magnets, Magnetic materials

Yunsheng Company focuses on the development and production of high-performance rare earth permanent magnets for various industrial applications.

Innovation Initiatives:

• Focus on high-coercivity magnet materials for demanding applications

• Vertical integration from raw materials to finished magnet products

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3️⃣ 8. JL MAG

Headquarters: Ganzhou, China
Key Offering: Neodymium magnets, Samarium cobalt magnets, Magnetic assemblies

JL MAG is a significant player in the global rare earth magnet market with comprehensive capabilities in both sintered and bonded magnet technologies.

Innovation Initiatives:

• Strong focus on research and development of new magnet materials

• Wide product portfolio serving wind power, automotive, and consumer electronics sectors.

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2️⃣ 9. Pinghu Geor Chi Electronics

Headquarters: Pinghu, China
Key Offering: Bonded NdFeB magnets, Rare earth materials, Magnetic components

Pinghu Geor Chi Electronics specializes in the production of bonded neodymium magnets with emphasis on cost-effective manufacturing for high-volume applications.

Innovation Initiatives:

• Focus on process optimization for improved manufacturing efficiency

• Quality management systems ensuring consistent product performance

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1️⃣ 10. Newland Magnetics

Headquarters: North Carolina, USA
Key Offering: Bonded neodymium magnets, Flexible magnets, Magnetic tapes and sheets

Newland Magnetics is an American magnet manufacturer with strong capabilities in bonded magnet production and magnetic assembly manufacturing.

Innovation Initiatives:

• Advanced material compounding technologies

• Custom magnet design and engineering services for specialized applications

Get Full Report Here: Bonded Neodymium Magnet Market – View in Detailed Research Report

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🔬 Outlook: The Future of Bonded Neodymium Magnets Is Smarter and More Efficient

The bonded neodymium magnet market is undergoing a technological transformation. While traditional magnetic materials still have their place, the industry is investing significantly in advanced manufacturing processes, material science innovations, and application-specific solutions.

📈 Key Trends Shaping the Market:

• Rapid expansion in automotive motor applications, particularly in EV drivetrains

• Growing demand for miniaturized magnets in consumer electronics

• Increasing focus on rare earth material utilization efficiency

• Development of high-temperature resistant magnet formulations

Get Full Report Here: Bonded Neodymium Magnet Market – View in Detailed Research Report

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The companies listed above are not only manufacturing high-performance magnets—they’re spearheading the technological advancement of modern electronics and automotive systems.