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 (2025–2032). This robust growth is being driven by the accelerating adoption of electric vehicles, expanding renewable energy infrastructure, and the continuous miniaturization of consumer electronics, all of which rely on the unparalleled magnetic strength of sintered NdFeB magnets.

As global industries pivot towards electrification and energy efficiency, the demand for high-performance permanent magnets has never been greater. In this blog, we profile the Top 10 Companies in the Sintered Neodymium Magnet Industry—a mix of established chemical giants, specialized magnet manufacturers, and innovative material science leaders who are shaping the technological landscape.

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🔟 1. Shin-Etsu Chemical Co., Ltd.

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

Shin-Etsu Chemical is a global leader in rare earth materials and the production of high-performance sintered neodymium magnets. The company leverages its vertically integrated supply chain, from raw material processing to advanced magnet manufacturing, to serve top-tier clients in the automotive, electronics, and industrial sectors. Their R&D focus on increasing magnetic energy product and thermal stability sets the industry benchmark.

Innovation and Capacity Initiatives:

• Pioneering grain boundary diffusion technology for reduced heavy rare earth usage

• Continuous expansion of production capacity to meet global EV demand

• Strategic partnerships with automotive OEMs for next-generation motor designs

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

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9️⃣ 2. Hitachi Metals, Ltd. (Now Part of Proterial, Ltd.)

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

Hitachi Metals, now operating under Proterial, Ltd., is renowned for its NEOMAX brand of sintered neodymium magnets, which are among the most powerful commercially available. The company possesses extensive expertise in powder metallurgy and magnetizing technologies, supplying critical components for hybrid and electric vehicle traction motors, wind power generators, and high-efficiency industrial equipment.

Innovation and Capacity Initiatives:

• Development of high-coercivity magnets for elevated temperature applications

• Global manufacturing footprint with facilities in Japan, China, and the United States

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8️⃣ 3. TDK Corporation

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

TDK Corporation is a dominant force in electronic components and a major producer of sintered neodymium magnets. The company integrates its magnet production with its extensive portfolio of sensors and actuators, creating synergistic solutions for the automotive and consumer electronics markets. Their magnets are critical in applications ranging from smartphone vibration motors to advanced driver-assistance systems (ADAS).

Innovation and Capacity Initiatives:

• Focus on miniaturization and integration for compact electronic devices

• Investment in recycling technologies to secure sustainable raw material supply

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7️⃣ 4. Ningbo Yunsheng Co., Ltd.

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

Ningbo Yunsheng is one of China’s largest and most technologically advanced manufacturers of permanent magnets. The company produces a wide range of sintered neodymium magnets that are exported globally, serving diverse industries including wind power, new energy vehicles, and industrial automation. Their scale allows for competitive pricing while maintaining stringent quality control.

Innovation and Capacity Initiatives:

• Significant investments in automated production lines for improved consistency

• Strong focus on the rapidly growing domestic Chinese EV and renewable markets

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6️⃣ 5. Zhong Ke San Huan (China Rare Earth Magnet Limited)

Headquarters: Beijing, China
Key Offering: High-Performance Sintered NdFeB Magnets

Zhong Ke San Huan is a pioneer in China’s rare earth and permanent magnet industry, with a history of technological innovation dating back to the 1980s. The company is a key supplier to both domestic and international markets, with a reputation for producing magnets with high magnetic energy and excellent temperature resistance, making them ideal for demanding automotive and industrial applications.

Innovation and Capacity Initiatives:

• Extensive R&D programs focused on improving corrosion resistance and coating technologies

• Strategic positioning to benefit from China’s dominance in rare earth resources

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

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5️⃣ 6. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Precision Sintered Neodymium Magnets for Aerospace and Defense

Arnold Magnetic Technologies is a leading Western manufacturer specializing in high-performance magnetic solutions for critical applications. The company excels in producing custom-engineered sintered neodymium magnets that meet the rigorous standards of the aerospace, defense, and medical industries. Their expertise in machining and coating complex magnet shapes is a key differentiator.

Innovation and Capacity Initiatives:

• Expertise in manufacturing magnets for extreme environments and high-reliability systems

• Investment in near-net-shape manufacturing to reduce waste and cost

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

Headquarters: Hanau, Germany
Key Offering: VACODYM® Sintered NdFeB Magnets

Vacuumschmelze (VAC) is a premier European producer of advanced magnetic materials, including its VACODYM series of sintered neodymium magnets. The company is at the forefront of developing sustainable magnet production processes and is a key partner for European automotive and industrial customers seeking localized, high-quality supply for electric mobility and automation solutions.

Innovation and Capacity Initiatives:

• Leading initiatives in magnet recycling and development of rare-earth-lean compositions

• Expansion of production capacity in Europe to support the EU’s Green Deal objectives

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3️⃣ 8. Neo Performance Materials Inc.

Headquarters: Toronto, Canada
Key Offering: NEOFLUX® Sintered NdFeB Magnets

Neo Performance Materials is a globally integrated rare earth company, operating one of the only significant sintered NdFeB magnet production facilities outside of Asia. Their proprietary NEOFLUX magnets are used in a wide array of applications, from electric power steering systems to precision motors. The company’s strategic focus is on securing a resilient supply chain for Western markets.

Innovation and Capacity Initiatives:

• Development of proprietary alloy formulations for enhanced performance

• Strategic investments in rare earth separation and processing in Estonia and North America

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2️⃣ 9. Daido Steel Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: Sintered Neodymium Magnets for Automotive and Industrials

Daido Steel is a major Japanese specialty steel producer that has developed a strong position in the high-end sintered neodymium magnet market. The company’s expertise in metallurgy and materials science enables it to produce magnets with exceptional consistency and reliability, making it a preferred supplier for Japanese automotive manufacturers and industrial robot producers.

Innovation and Capacity Initiatives:

• Focus on high-purity raw materials and precise process control for superior magnet quality

• Collaboration with automotive partners on motors for next-generation EVs

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1️⃣ 10. Earth-Panda Advance Magnetic Material Co., Ltd.

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

Earth-Panda is a rapidly growing Chinese manufacturer specializing in sintered neodymium magnets and custom magnetic assemblies. The company has carved out a significant market share by offering a compelling combination of performance, price, and service, catering to a broad customer base in consumer electronics, home appliances, and automotive sectors globally.

Innovation and Capacity Initiatives:

• Rapid scaling of production capacity to capture increasing market demand

• Investment in value-added services like precision machining and assembly

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

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

The sintered neodymium magnet market is undergoing a profound transformation. While demand continues to surge, the industry is aggressively investing in sustainable production methods, advanced material science, and supply chain diversification to mitigate geopolitical and environmental risks.

📈 Key Trends Shaping the Market:

• Accelerated EV Adoption: Electric vehicle production is the primary growth driver, with each EV requiring 2-5 kg of high-grade magnets.

• Renewable Energy Expansion: Direct-drive wind turbines are major consumers, using up to 2 tons of magnets per MW of capacity.

• Supply Chain Resilience: Efforts to establish magnet production and rare earth processing outside of China are intensifying in North America and Europe.

• Technological Innovation: R&D is focused on reducing heavy rare earth content, improving recycling rates, and developing new high-temperature grades.

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

The companies listed above are not only supplying critical components for modern technology—they are enabling the global transition to a cleaner, electrified future.