The Global Bonding Neodymium Magnet Market was valued at US$ 645.2 Million in 2022 and is projected to reach US$ 824.7 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period (2023–2029). This growth is being driven by increasing demand from consumer electronics, automotive sectors, and the accelerating adoption of neodymium magnet technologies across industrial and renewable energy applications.

As modern technology advances toward miniaturization, efficiency, and high-performance requirements, the spotlight is on the key magnet manufacturers who are driving innovation, production scale, and advanced material solutions. In this blog, we profile the Top 10 Companies in the Bonding Neodymium Magnet Industry—a mix of established producers, technology innovators, and specialty material suppliers shaping the future of magnetic components globally.

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🔟 1. Galaxy Magnetic

Headquarters: Ningbo, Zhejiang, China
Key Offering: Injection Bonded NdFeB Magnets, Compression Bonded Magnets

Galaxy Magnetic is among China’s leading producers of bonded neodymium magnets, specializing in both injection molding and compression molding processes. The company serves various industries including automotive sensors, consumer electronics, and medical devices with customized magnetic solutions.

Innovation Initiatives:

• Advanced injection molding technology for complex shapes

• Custom formulation of magnetic compounds

• Focus on high-volume production capabilities

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

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9️⃣ 2. Beijing Zhong Ke San Huan Hi-Tech

Headquarters: Beijing, China
Key Offering: Sintered NdFeB, Bonded NdFeB Magnets

As one of China’s pioneer rare earth magnet companies, Zhong Ke San Huan has comprehensive capabilities across the magnetic materials value chain. The company produces bonded magnets with precise magnetic properties and dimensional stability.

Innovation Initiatives:

• Vertically integrated rare earth processing

• Strong R&D focus on magnet performance optimization

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8️⃣ 3. Daido Electronics

Headquarters: Kyoto, Japan
Key Offering: Bonded Neodymium Magnets, Magnetic Assemblies

Daido Electronics is a Japanese specialist in bonded magnet production, with extensive experience in material science and manufacturing processes. The company serves precision instrument manufacturers and automotive component suppliers globally.

Innovation Initiatives:

• High-precision machining for tight tolerance applications

• Quality-focused production for demanding industrial applications

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7️⃣ 4. Zhejiang Innuovo Magnetics

Headquarters: Zhejiang, China
Key Offering: Injection Bonded Magnets, Anisotropic Bonded Magnets

Zhejiang Innuovo Magnetics specializes in bonded neodymium magnet production using advanced compounding and molding technologies.

Innovation Initiatives:

• Development of high-coercivity bonded magnets

• Custom magnetic solutions for motor and sensor applications

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

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6️⃣ 5. Yunsheng Company

Headquarters: Ningbo, Zhejiang, China
Key Offering: Bonded NdFeB, Sintered NdFeB Magnets

Yunsheng Company is a major Chinese manufacturer of rare earth permanent magnets with extensive bonded magnet production capacity.

Innovation Initiatives:

• Focus on cost-effective mass production

• Wide range of magnetic grades and shapes

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5️⃣ 6. Advanced Technology and Materials

Headquarters: Beijing, China
Key Offering: High-performance Bonded NdFeB Magnets

As a subsidiary of China’s leading nonferrous metals group, AT&M leverages strong technical capabilities in bonded magnet development and manufacturing.

Innovation Initiatives:

• State-supported rare earth technology development

• Advanced magnet compounding and molding processes

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4️⃣ 7. Magsuper

Headquarters: Dongguan, Guangdong, China
Key Offering: Injection Molded Magnets, Compression Bonded Magnets

Magsuper focuses on bonded magnet production for various industrial applications, emphasizing quality control and consistent magnetic performance.

Innovation Initiatives:

• Custom magnetic material formulations

• Specialization in complex-shaped magnet components

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3️⃣ 8. Pinghu Geor Chi Electronics

Headquarters: Pinghu, Zhejiang, China
Key Offering: Bonded NdFeB Magnets, Magnetic Assemblies

Pinghu Geor Chi Electronics specializes in bonded magnet manufacturing with a focus on miniaturized components for electronics applications.

Innovation Initiatives:

• Precision manufacturing for small, complex magnet shapes

• Strong technical support for customer-specific applications

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2️⃣ 9. Newland Magnetics

Headquarters: Changshu, Jiangsu, China
Key Offering: Bonded Neodymium Magnets for various industries

Newland Magnetics has established itself as a reliable supplier of bonded neodymium magnets with consistent quality and performance characteristics.

Innovation Initiatives:

• Development of application-specific magnetic compounds

• Focus on high-volume production with competitive pricing

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1️⃣ 10. JL MAG

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Injection Bonded NdFeB, Compression Bonded Magnets

JL MAG (Jiangxi Jingci Magnet) is a growing Chinese manufacturer of bonded neodymium magnets with developing technical capabilities and expanding production capacity.

Innovation Initiatives:

• Continuous improvement in magnet performance characteristics

• Cost-effective production for competitive market positioning

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

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🌍 Outlook: The Future of Bonding Neodymium Magnets Is Smarter and More Efficient

The bonding neodymium magnet market is undergoing a significant transformation. While traditional applications still dominate demand, the industry is focusing on advanced material formulations, improved manufacturing processes, and specialized application development.

📈 Key Trends Shaping the Market:

• Increasing adoption in automotive sensors and electric vehicle components

• Growing demand for miniaturized components in consumer electronics

• Expansion of bonded magnet applications in industrial automation

• Development of higher temperature stability magnetic compounds

• Focus on sustainability and rare earth material optimization

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

The companies listed above are not only supplying critical magnetic components—they’re driving the technological advancement of modern electronics and industrial systems.