The Global Sintered Neodymium Magnet Market was valued at USD 9.87 Billion in 2024 and is projected to reach USD 18.42 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2032). This robust growth is being driven by the escalating demand for high-performance magnets in electric vehicle motors, wind turbine generators, and the relentless miniaturization of consumer electronics.

As industries worldwide pivot towards electrification and energy efficiency, the sintered neodymium magnet (NdFeB) has become a cornerstone of modern technology. These super-strong permanent magnets enable compact, powerful solutions essential for a sustainable future. In this blog, we profile the Top 10 Companies in the Sintered Neodymium Magnet Industry—a combination of chemical giants, specialized manufacturers, and innovative suppliers shaping the magnetic landscape.

---

🔟 1. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-Grade Sintered NdFeB Magnets (N50-N55), Rare Earth Alloys

Shin-Etsu Chemical is a global leader in rare earth materials and holds a dominant position in the sintered neodymium magnet market. The company leverages its vertically integrated supply chain, from raw material processing to advanced magnet production, to deliver superior magnetic performance for the most demanding applications.

Innovation and Expansion:

• Pioneering grain boundary diffusion technology for high-temperature stability

• Significant capacity expansions in Japan and Southeast Asia

• Focus on developing magnets with reduced heavy rare earth content

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

---

9️⃣ 2. Hitachi Metals, Ltd. (NEOMAX)

Headquarters: Tokyo, Japan
Key Offering: NEOMAX® Brand Sintered NdFeB Magnets

Hitachi Metals, through its NEOMAX division, is one of the original pioneers of sintered neodymium magnet technology. The company’s products are renowned for their exceptional quality and are specified in high-reliability applications such as automotive traction motors and precision industrial equipment.

Innovation and Expansion:

• Extensive R&D in high-coercivity magnets for automotive applications

• Global manufacturing footprint with a strong presence in China and North America

---

8️⃣ 3. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Sintered NdFeB Magnets for Electronics and Automotive

TDK Corporation is a major global electronics component manufacturer with a substantial sintered magnet business. Their expertise in materials science allows them to produce magnets optimized for specific applications in hard disk drives, speakers, and increasingly, E-mobility solutions.

Innovation and Expansion:

• Integration of magnets into complete electronic systems and modules

• Strategic focus on automotive-grade magnets for electric power steering and EV motors

---

7️⃣ 4. Vacuumschmelze GmbH & Co. KG (VAC)

Headquarters: Hanau, Germany
Key Offering: VACODYM® and VACOMAX® Sintered Rare Earth Magnets

VAC is a leading European producer of high-performance magnetic materials. The company specializes in magnets for demanding technical applications, including aerospace, defense, and medical technology, where performance under extreme conditions is critical.

Innovation and Expansion:

• Expertise in manufacturing magnets with complex geometries and tight tolerances

• Investment in recycling technologies for rare earth elements

---

6️⃣ 5. Ningbo Yunsheng Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: Sintered NdFeB Magnets for Various Industries

Ningbo Yunsheng is one of China’s largest and most prominent sintered neodymium magnet manufacturers. The company benefits from proximity to rare earth supplies and has a vast production capacity catering to both domestic and international markets.

Innovation and Expansion:

• Large-scale, cost-competitive production for consumer electronics and wind power

• Expanding product portfolio to include higher-value grades for automotive sectors

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

---

5️⃣ 6. ZhongKeSanHuan (China South Industries Group)

Headquarters: Beijing, China
Key Offering: Sintered NdFeB Magnets, Rare Earth Materials

As part of a major state-owned enterprise, ZhongKeSanHuan has significant resources and plays a strategic role in China’s rare earth and magnet industry. The company is involved in extensive research and has a strong focus on technological advancement.

Innovation and Expansion:

• Strong government-backed R&D initiatives for next-generation magnet technologies

• Key supplier to China’s growing domestic electric vehicle and renewable energy markets

---

4️⃣ 7. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: High-Performance Sintered Neodymium Magnets

Arnold Magnetic Technologies is a leading US-based manufacturer specializing in advanced magnetic solutions. The company serves critical sectors like aerospace, defense, and medical technology, where reliability and performance are paramount.

Innovation and Expansion:

• Development of magnets for extreme environments (high temperatures, corrosive conditions)

• Focus on custom-engineered solutions and rapid prototyping services

---

3️⃣ 8. Earth-Panda Advance Magnetic Material Co., Ltd.

Headquarters: Hengshui, Hebei, China
Key Offering: Sintered NdFeB Magnets and Magnet Assemblies

Earth-Panda is a significant Chinese manufacturer with a growing international presence. The company produces a wide range of magnet grades and is increasingly focused on value-added magnet assemblies for automotive and industrial customers.

Innovation and Expansion:

• Investment in automated production lines to improve quality and consistency

• Strategic partnerships with automotive component suppliers globally

---

2️⃣ 9. Ugimag Korea Co., Ltd. (Korea Ugima)

Headquarters: Gumi, South Korea
Key Offering: Sintered NdFeB Magnets for Electronics and Automotive

Ugimag is a key player in the South Korean market, supplying magnets to the country’s robust electronics and automotive industries. The company is known for its quality control and technical support for customers in precision applications.

Innovation and Expansion:

• Close collaboration with major Korean electronics and automotive OEMs

• Focus on developing thinner and more powerful magnets for mobile devices

---

1️⃣ 10. Thomas & Skinner Inc.

Headquarters: Indianapolis, Indiana, USA
Key Offering: Sintered Neodymium Magnets, Lamination Steels

Thomas & Skinner is a well-established North American manufacturer of magnetic materials. The company provides sintered neodymium magnets alongside other magnetic products, serving a diverse industrial base with a focus on customer-specific solutions.

Innovation and Expansion:

• Long-standing expertise in magnetizing and assembling complex magnetic circuits

• Investment in new coating technologies to enhance magnet durability

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

---

🧲 Outlook: The Future of Sintered Neodymium Magnets Is Smarter and More Sustainable

The sintered neodymium magnet market is undergoing a profound transformation. While traditional applications continue to drive volume, the industry is investing heavily in sustainable sourcing, advanced manufacturing technologies, and next-generation magnet formulations to meet the demands of a decarbonizing global economy.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle powertrains, with demand per vehicle increasing

• R&D focus on reducing or eliminating heavy rare earth elements like dysprosium and terbium

• Growth of magnet recycling initiatives to create a circular economy for rare earths

• Increasing use in industrial robotics, drones, and other high-growth automation sectors

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

The companies listed above are not only supplying critical components for modern technology—they’re pioneering the magnetic innovations that will power a more efficient and electric future.