The Global NdFeB Bonded Magnet Market was valued at USD 2.1 Billion in 2023 and is projected to reach USD 3.4 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period (2024–2030). This robust growth is being driven by the increasing demand for high-performance, compact magnets in electric vehicles, consumer electronics, and industrial automation, alongside advancements in manufacturing processes like injection and pressing molding.

As industries worldwide push for greater energy efficiency and component miniaturization, the critical role of advanced magnetic materials becomes undeniable. In this blog, we profile the Top 10 Companies in the NdFeB Bonded Magnet Industry—a diverse group of global leaders and specialized manufacturers shaping the future of magnetic solutions.

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

---

🔟 1. Galaxy Magnets

Headquarters: Dongguan, China
Key Offering: Isotropic & Anisotropic Bonded NdFeB Magnets, Calibrated Magnets

Galaxy Magnets is a prominent manufacturer with a strong focus on research, development, and production of high-performance bonded NdFeB magnets. The company serves a global clientele across the automotive, electronics, and healthcare sectors, offering magnets with complex shapes and high dimensional accuracy.

Innovation & Application Focus:

• Specialization in small, complex, and multi-pole magnets
• Advanced compression and injection molding capabilities
• Strong R&D investment in improving magnetic energy product and temperature resistance

---

9️⃣ 2. Zhong Ke San Huan Hi-Tech Co., Ltd.

Headquarters: Beijing, China
Key Offering: Sintered & Bonded NdFeB Magnets, Magnetic Materials

As a pioneer in China’s rare-earth magnet industry, Zhong Ke San Huan boasts significant production capacity and technical expertise. The company is a key supplier for high-end applications, including precision motors, sensors, and acoustic devices, leveraging its vertical integration from raw materials to finished products.

Innovation & Application Focus:

• Leading R&D in high-coercivity bonded magnet grades
• Strategic partnerships with global automotive and electronics giants
• Focus on sustainable and efficient manufacturing processes

---

8️⃣ 3. Daido Electronics Co., Ltd.

Headquarters: Kyoto, Japan
Key Offering: Bonded NdFeB Magnets, Plastic Magnets, Ferrite Magnets

Daido Electronics, a subsidiary of Daido Steel, is a leading Japanese manufacturer known for its high-quality bonded magnets. The company excels in producing magnets for miniaturized motors and sensors, particularly in the automotive and office automation sectors, with a strong emphasis on precision and reliability.

Innovation & Application Focus:

• Expertise in ultra-precise molding for micro-motors
• Development of corrosion-resistant bonded magnet formulations
• Close collaboration with Japanese automotive component suppliers

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

---

7️⃣ 4. Magnequench

Headquarters: Singapore
Key Offering: MQP™ Bonded NdFeB Magnets, Magnetic Powder

Magnequench is a globally recognized leader in the production of neo magnet powder and bonded magnets. Owned by Neo Performance Materials, the company’s MQP™ powders are the industry standard for high-performance bonded magnets used in demanding applications like automotive sensors, brushless DC motors, and actuators.

Innovation & Application Focus:

• Proprietary melt-spin technology for producing fine, spherical magnetic powder
• Leading supplier of raw materials to bonded magnet manufacturers worldwide
• Continuous development of powders with enhanced thermal stability

---

6️⃣ 5. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Bonded NdFeB, Sintered NdFeB, Samarium Cobalt Magnets

Arnold Magnetic Technologies is a US-based advanced magnet solutions provider with a long history of innovation. The company manufactures bonded NdFeB magnets that meet critical specifications for aerospace, defense, medical technology, and high-performance industrial applications, often operating under stringent quality certifications.

Innovation & Application Focus:

• Custom-engineered solutions for extreme environments
• Capabilities for manufacturing magnets compliant with ITAR and other regulatory standards
• Expertise in magnet assembly and integration

---

5️⃣ 6. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Neorem® Bonded Magnets, Ferrites, Electronic Components

TDK, a global electronics giant, is a major player in the magnetic materials market through its Neorem® brand of bonded NdFeB magnets. The company leverages its vast expertise in electronics to produce magnets optimized for hard disk drives, vibration motors, and various sensors integral to modern consumer and industrial devices.

Innovation & Application Focus:

• Integration of magnets into complex electronic subsystems
• Focus on miniaturization for mobile and wearable devices
• Strong global supply chain and technical support network

---

4️⃣ 7. Ningbo Yunsheng Co., Ltd.

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

Ningbo Yunsheng is one of the largest manufacturers of permanent magnets in China, with a significant market share in both sintered and bonded NdFeB segments. The company’s scale allows it to serve high-volume markets like automotive, wind power, and home appliances competitively.

Innovation & Application Focus:

• Large-scale production capacity for cost-sensitive applications
• Expansion into high-end bonded magnets for automotive actuators
• Vertical integration with rare-earth material processing

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

---

3️⃣ 8. DMEGC (Dongyang Permanent Magnet Group)

Headquarters: Jinhua, China
Key Offering: Bonded & Sintered NdFeB Magnets, Ferrite Magnets

DMEGC is a major Chinese magnet producer with a diversified product portfolio. The company has been actively expanding its bonded NdFeB capabilities to cater to the growing demand from the automotive electronics and energy-saving appliance sectors, emphasizing reliable performance and competitive pricing.

Innovation & Application Focus:

• Investment in automated production lines for consistent quality
• Development of bonded magnets for electric vehicle components
• Strong focus on export markets across Asia, Europe, and North America

---

2️⃣ 9. MS-Schramberg GmbH & Co. KG

Headquarters: Schramberg, Germany
Key Offering: Precision Bonded Magnets, Magnetic Assemblies

MS-Schramberg is a leading European specialist for high-precision bonded permanent magnets and magnetic assemblies. The company is renowned for its engineering expertise and ability to produce complex, custom-shaped magnets for the automotive, medical, and automation industries, often serving as a development partner for its clients.

Innovation & Application Focus:

• Expertise in multi-pole magnetization and complex geometries
• High-precision machining and quality control for critical applications
• Strong presence in the European automotive supply chain

---

1️⃣ 10. Hitachi Metals, Ltd. (now Proterial, Ltd.)

Headquarters: Tokyo, Japan
Key Offering: NEOMAX® Bonded NdFeB, Sintered Magnets, Magnetic Materials

Now operating under the Proterial banner, this company inherits the legacy of Hitachi Metals’ NEOMAX® brand, a hallmark of quality in the magnet industry. Proterial is a key innovator, producing high-performance bonded NdFeB magnets for advanced applications in hybrid and electric vehicle systems, industrial robots, and high-efficiency compressors.

Innovation & Application Focus:

• Pioneering research in high-heat resistance bonded magnet grades
• Strategic focus on magnets for next-generation mobility solutions
• Global technical support and application engineering services

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

---

🧲 Outlook: The Future of NdFeB Bonded Magnets Is Smarter and More Integrated

The NdFeB bonded magnet market is undergoing a significant transformation. While traditional applications continue to drive volume, the industry is innovating rapidly to meet the demands of electrification, miniaturization, and smart technology integration.

📈 Key Trends Shaping the Market:

• Accelerating adoption in electric vehicle motors, sensors, and actuators
• Growing demand for miniaturized magnets in consumer electronics and wearable devices
• Development of higher-performance bonded grades to compete with sintered magnets in new applications
• Increased focus on sustainable and cost-effective manufacturing processes

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

The companies listed above are not only supplying critical components—they are enabling the technological advancements that define modern industry and consumer products.