The Global Ferrite Magnets Market was valued at USD 3.9 Billion in 2024 and is projected to reach USD 4.7 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period (2024–2030). This growth is being driven by increasing demand from automotive electronics, renewable energy systems, and consumer appliances, along with the accelerating adoption of high-performance anisotropic ferrite magnets across industrial and commercial sectors.

As the electronics and automotive industries evolve toward more efficient and sustainable operations, the focus shifts to key magnet manufacturers who are driving innovation, cost-effectiveness, and specialized magnetic solutions. In this blog, we profile the Top 10 Companies in the Ferrite Magnets Industry—a mix of global material science leaders, specialized producers, and regional champions shaping the future of magnetic materials worldwide.

---

🔟 1. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Sintered Ferrite Magnets, Bonded Ferrite Magnets

TDK Corporation is a global leader in electronic components and magnetic materials, with ferrite magnets being a cornerstone of their product portfolio. Their advanced manufacturing capabilities enable production of both isotropic and anisotropic ferrite magnets for applications ranging from automotive motors to consumer electronics.

Innovation Initiatives:

• Development of high-coercivity ferrite grades

• Automotive electrification partnerships

• Focus on miniaturization and performance enhancement

Download FREE Sample Report: Ferrite Magnets Market – View in Detailed Research Report

---

9️⃣ 2. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: NEOMAX Ferrite Series, Automotive-Grade Magnets

Hitachi Metals is a major global player in magnetic materials, with extensive expertise in both ferrite and rare-earth magnets. Their ferrite division produces high-performance strontium ferrite magnets for demanding applications in industrial automation and automotive systems.

Innovation Initiatives:

• Specialized grades for motor applications

• Global supply chain for automotive OEMs

---

8️⃣ 3. DMEGC (Dongyang Permanent Magnet Group)

Headquarters: Jinhua, Zhejiang, China
Key Offering: Sintered Ferrite Magnets, Bonded Magnets

DMEGC is China’s largest ferrite magnet manufacturer, producing over 150,000 tons annually. The company serves global markets with cost-effective ferrite solutions for consumer electronics and small motors.

Innovation Initiatives:

• Continuous improvement in magnetic properties

• Export-oriented manufacturing strategy

---

7️⃣ 4. Guangdong JPMF (Jingpeng Permanent Magnet Factory)

Headquarters: Foshan, Guangdong, China
Key Offering: JPMF Ferrite Series, Custom Magnets

Guangdong JPMF specializes in sintered ferrite magnets with a focus on the domestic Chinese market and Southeast Asia. Their product range includes both barium and strontium ferrite magnets for various industrial applications.

Innovation Initiatives:

• Focus on cost-optimized production

• Strong presence in appliance motor markets

Download FREE Sample Report: Ferrite Magnets Market – View in Detailed Research Report

---

6️⃣ 5. Sinomag Technology Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: Sinomag Ferrite Series, Speaker Magnets

Sinomag is a specialized magnetic materials manufacturer with strong capabilities in ferrite magnet production. The company exports to over 50 countries and has developed specialized grades for high-temperature applications.

Innovation Initiatives:

• R&D in magnetic composite materials

• Growing presence in renewable energy applications

---

5️⃣ 6. Union Materials Co., Ltd.

Headquarters: Gumi, Gyeongsangbuk-do, South Korea
Key Offering: UM Ferrite Magnets, Industrial Grade Magnets

Union Materials is a leading South Korean manufacturer of magnetic materials, with significant production capacity for ferrite magnets used in automotive and industrial applications.

Innovation Initiatives:

• Vertical integration in raw material processing

• Expansion into high-value magnetic assemblies

---

4️⃣ 7. Tokyo Ferrite Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: TF Series Ferrite, Precision Magnets

Tokyo Ferrite specializes in high-precision ferrite magnets for specialized applications in telecommunications and medical devices.

Innovation Initiatives:

• Specialization in small batch, high-quality production

• Quality-focused manufacturing for Japanese OEMs

---

3️⃣ 8. BGRIMM Magnetic Materials & Technology Co., Ltd.

Headquarters: Beijing, China
Key Offering: BGRIMM Ferrite Series, Technical Ceramics

BGRIMM combines research capabilities with industrial production, focusing on advanced ferrite formulations for next-generation applications.

Innovation Initiatives:

• Research-driven product development

• Government-backed innovation projects

---

2️⃣ 9. Hunan Aerospace Magnet &Magneto Co., Ltd.

Headquarters: Yueyang, Hunan, China
Key Offering: Aerospace Grade Ferrite, Specialized Magnets

Hunan Aerospace specializes in high-reliability ferrite magnets for aerospace and defense applications, meeting stringent quality and performance requirements.

Innovation Initiatives:

• Military and aerospace certification capabilities

• Custom magnetic solutions for specialized requirements

---

1️⃣ 10. Zhejiang Kaiven Magnet Co., Ltd.

Headquarters: Jiaxing, Zhejiang, China
Key Offering: Kaiven Ferrite Series, Motor Magnets

Zhejiang Kaiven is a rapidly growing ferrite magnet manufacturer with modern production facilities and a focus on export markets.

Innovation Initiatives:

• Expansion of production capacity for automotive motors

• Quality management system certifications

Get Full Report Here: Ferrite Magnets Market – View in Detailed Research Report

---

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

The ferrite magnets market is undergoing a strategic transformation. While traditional ferrite grades continue to dominate volume production, the industry is investing significantly in performance-enhanced anisotropic magnets, manufacturing automation, and application-specific solutions.

📈 Key Trends Shaping the Market:

• Transition to higher-grade anisotropic ferrite in premium applications

• Growing demand from electric vehicle component manufacturers

• Automation and digitalization of magnet production processes

• Increased focus on circular economy and material recycling

Get Full Report Here: Ferrite Magnets Market – View in Detailed Research Report

The companies listed above are not only powering global electronics—they’re driving the evolution of efficient electromagnetic systems across industries.