The Global NdFeB Permanent Magnet Material Market was valued at USD 14.65 Billion in 2023 and is projected to reach USD 28.53 Billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2023–2033). This robust growth is being driven by the global transition to electric vehicles, rapid expansion of wind power generation, and increasing adoption of energy-efficient consumer electronics and industrial automation systems.
As modern industries pivot towards electrification and carbon neutrality, the spotlight is on the key material suppliers who are driving innovation, performance, and sustainable manufacturing. In this blog, we profile the Top 10 Companies in the NdFeB Permanent Magnet Material Industry—a mix of established global leaders and innovative regional producers shaping the future of magnetic technology.
🔟 1. Hitachi Metals, Ltd. (Now Proterial, Ltd.)
Headquarters: Tokyo, Japan
Key Offering: NEOMAX® Series Sintered NdFeB Magnets
Hitachi Metals, now operating under the Proterial brand following its acquisition, is a global pioneer and one of the largest producers of high-performance sintered NdFeB magnets. Their NEOMAX® products are critical components in hybrid and electric vehicle traction motors, industrial servo motors, and advanced wind turbine generators.
Sustainability & Innovation Initiatives:
- Development of reduced heavy rare-earth magnet technologies
- Strategic supply agreements with major automotive OEMs globally
- Focus on supply chain resilience and recycling initiatives for rare-earth elements
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9️⃣ 2. Shin-Etsu Chemical Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: Sintered NdFeB Magnets (N Series)
Shin-Etsu is a dominant force in the global rare-earth and magnet industry, offering a comprehensive portfolio of high-performance NdFeB magnets. The company maintains significant production capacity in Japan, China, and Southeast Asia to serve diverse industrial sectors.
Sustainability & Innovation Initiatives:
- Mass production of high heat-resistant NdFeB magnets
- Vertical integration from raw materials to finished magnet products
8️⃣ 3. TDK Corporation
Headquarters: Tokyo, Japan
Key Offering: Neoquenz® Series Sintered NdFeB Magnets
TDK Corporation is a world-leading electronic components company with a strong position in the NdFeB magnet market through its subsidiary, TDK Electronics AG (formerly EPCOS). Their magnets are integral to automotive sensors, actuators, and high-efficiency motors.
Sustainability & Innovation Initiatives:
- Leadership in miniaturized magnets for consumer electronics
- Advanced R&D in magnetically anisotropic bonded NdFeB materials
7️⃣ 4. Vacuumschmelze GmbH & Co. KG (VAC)
Headquarters: Hanau, Germany
Key Offering: Sintered and Bonded NdFeB Magnets
VAC is Europe’s premier producer of advanced magnetic materials, including a wide range of sintered NdFeB grades. The company serves the automotive, renewable energy, and industrial automation sectors with high-reliability magnetic solutions.
Sustainability & Innovation Initiatives:
- Development of high-coercivity magnets for demanding automotive and aerospace applications
- Focus on resource-efficient production processes and recycling technologies
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6️⃣ 5. Zhong Ke San Huan Hi-Tech Co., Ltd.
Headquarters: Beijing, China
Key Offering: Sintered NdFeB Magnets for various applications
As China’s flagship NdFeB producer, Zhong Ke San Huan leverages strong R&D capabilities and extensive production scale. The company specializes in high-performance magnets for automotive, wind power, and industrial applications.
Sustainability & Innovation Initiatives:
- Strategic focus on the high-end EV motor magnet segment
- Expansion of production capacity to meet rising global demand
5️⃣ 6. Yunsheng Company
Headquarters: Ningbo, Zhejiang, China
Key Offering: High-performance sintered NdFeB magnets
Yunsheng Company has established itself as a major global supplier of NdFeB permanent magnets. The company’s products are widely used in new energy vehicles, wind power generation, and energy-saving appliances.
Sustainability & Innovation Initiatives:
- Investment in energy-saving manufacturing technologies
- Development of cost-effective magnet solutions for mass-market applications
4️⃣ 7. JL MAG Rare-Earth Co., Ltd.
Headquarters: Ganzhou, Jiangxi, China
Key Offering: Sintered NdFeB Magnets
JL MAG is one of the world’s leading NdFeB magnet producers, with significant market share in automotive and wind power sectors. The company is expanding its global footprint to serve international markets more effectively.
Sustainability & Innovation Initiatives:
- Focus on the research and development of high-performance, high-stability magnets.
Sustainability & Innovation Initiatives:
- Strategic partnerships with global automotive suppliers and EV manufacturers
- Continuous improvement in production efficiency and product consistency
3️⃣ 8. ZHmag
Headquarters: Dongyang, Zhejiang, China
Key Offering: Sintered and Bonded NdFeB MagnetsZHmag has grown into a significant player in the NdFeB magnet market, specializing in custom magnetic solutions for various industries.
Sustainability & Innovation Initiatives:
- Expansion into high-growth application segments
- Investment in automated production lines for quality enhancement
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2️⃣ 9. Ningbo Yunsheng Co., Ltd. (YSM)
Headquarters: Ningbo, Zhejiang, China
Key Offering: Sintered NdFeB magnetsYSM maintains a strong position in the Chinese NdFeB market with growing international presence. The company supplies magnets for automotive, industrial, and consumer applications.
Sustainability & Innovation Initiatives:
- Focus on technological innovation and product quality improvement
- Expansion of production capacity to capitalize on EV market growth
1️⃣ 10. Earth-Panda Advanced Magnetic Material Co., Ltd.
Headquarters: Ganzhou, Jiangxi, China
Key Offering: Sintered NdFeB MagnetsEarth-Panda is an emerging leader in the NdFeB magnet industry, specializing in high-performance magnets for automotive and industrial applications.
Sustainability & Innovation Initiatives:
- Development of sustainable magnet production processes
- Strategic focus on the renewable energy and new energy vehicle sectors.
Sustainability & Innovation Initiatives:
- Investment in R&D for next-generation magnet materials
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NdFeB Permanent Magnet Material Market – View in Detailed Research Report
🌍 Outlook: The Future of NdFeB Permanent Magnets Is Smarter and More Sustainable
The NdFeB permanent magnet material market is undergoing a profound transformation. While traditional industrial applications continue to drive demand, the industry is investing heavily in resource-efficient manufacturing, recycling technologies, and high-temperature magnet grades.
📈 Key Trends Shaping the Market:
- Accelerating adoption in electric vehicle traction motors and automotive electronics
- Regulatory push for energy efficiency driving adoption in industrial motors and home appliances
- Digitalization of supply chains and quality control processes
- Strategic alliances between magnet producers and automotive OEMs for supply chain security
The companies listed above are not only powering global electrification—they’re enabling the clean energy transition across global industries.
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