The Global Compression Molded Magnet Market was valued at USD 430.5 Million in 2025 and is projected to reach USD 712.3 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2026–2034). This robust growth is being driven by the rapid expansion of the electric vehicle sector, increasing demand for miniaturized consumer electronics, and the rising adoption of high-performance magnets in medical and aerospace applications.

As industries worldwide pivot towards electrification and energy efficiency, the role of advanced magnetic components has never been more critical. In this blog, we profile the Top 10 Companies in the Compression Molded Magnet Industry—specialty manufacturers and material science innovators who are shaping the future of automotive, electronics, and industrial automation.

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🔟 1. SDM Magnetics

Headquarters: Fort Myers, Florida, USA
Key Offering: Bonded Neodymium Magnets (NdFeB), Compression Molded Flexible Magnets

SDM Magnetics is a leading manufacturer specializing in advanced bonded magnet technologies. The company’s expertise lies in compression and injection molding processes, producing high-performance magnets for demanding applications in the automotive, aerospace, and consumer electronics sectors. Their commitment to custom-engineered solutions makes them a key partner for OEMs requiring specific magnetic characteristics.

Innovation Initiatives:

• Custom magnet design and prototyping services

• Focus on high-precision, complex-shaped magnetic components

• Investment in automated production lines for enhanced quality control

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9️⃣ 2. Neo Performance Materials

Headquarters: Toronto, Canada
Key Offering: Neo Powders for Bonded Magnets, Magnequench® Bonded NdFeB Magnets

Neo Performance Materials is a global leader in the production of rare earth and magnetic materials. Through its Magnequench segment, the company is a premier supplier of neo powder, which is the essential raw material for high-performance compression molded magnets. Their products are critical for motors in electric vehicles and high-efficiency industrial applications.

Innovation Initiatives:

• Pioneering advanced magnetic powder technologies

• Strategic expansion of production capacity to meet EV demand

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8️⃣ 3. Bunting Magnetics

Headquarters: Newton, Kansas, USA
Key Offering: Custom Compression Molded Magnets, Ferrite and NdFeB Bonded Magnets

Bunting Magnetics is a well-established manufacturer with a diverse portfolio of magnetic materials and assemblies. Their compression molding capabilities allow them to produce a wide range of permanent magnets in various shapes and sizes, serving industries from material handling to automotive. Their vertically integrated operations ensure consistency from material sourcing to final product.

Innovation Initiatives:

• Development of complex multi-pole magnetized components

• Focus on supplying magnets for sensors and actuators

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7️⃣ 4. Eclipse Magnetics

Headquarters: Sheffield, United Kingdom
Key Offering: Magnetic Assemblies, Compression Molded Ferrite and Rare-Earth Magnets

Eclipse Magnetics is a key European player specializing in magnetic solutions for technical applications. Their product range includes high-quality compression molded magnets known for their durability and precise magnetic performance. The company serves critical sectors such as aerospace, defense, and medical technology, where reliability is paramount.

Innovation Initiatives:

• Expertise in magnets for extreme environments

• Investment in R&D for corrosion-resistant magnet solutions

Download FREE Sample Report:
Compression Molded Magnet Market – View in Detailed Research Report

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6️⃣ 5. Daido Electronics Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Bonded NdFeB Magnets (Neomax®), Samarium Cobalt Magnets

Daido Electronics, a subsidiary of Daido Steel, is a major force in the advanced magnet market, particularly in Asia. The company produces high-grade bonded NdFeB magnets under the Neomax® brand, which are renowned for their exceptional magnetic properties and thermal stability. They are a critical supplier to Japan’s robust automotive and electronics industries.

Innovation Initiatives:

• Leading R&D in high-coercivity magnet materials

• Strong focus on quality and performance consistency for automotive clients

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5️⃣ 6. Dura Magnetics

Headquarters: Saginaw, Michigan, USA
Key Offering: Custom Engineered Magnets, Compression Molded Magnetic Components

Dura Magnetics specializes in the design and manufacture of custom magnetic assemblies. Their compression molding expertise allows them to create magnets integrated directly into plastic or composite structures, offering significant design and cost advantages for applications in sensing, holding, and actuation.

Innovation Initiatives:

• Specialization in overmolded and insert-molded magnet solutions

• Focus on providing application-specific engineering support

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4️⃣ 7. MPCO Magnetics

Headquarters: Xiamen, China
Key Offering: Wide Range of Bonded Magnets, Neodymium, Ferrite, and Samarium Cobalt

MPCO Magnetics is a significant global supplier with extensive manufacturing capabilities in China. The company offers a comprehensive catalog of compression molded and other permanent magnets, catering to a diverse international client base. Their competitive pricing and large-scale production capacity make them a key player in the volume market.

Innovation Initiatives:

• Expansion of product lines to include anisotropic bonded magnets

• Investment in advanced magnetizing and testing equipment

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3️⃣ 8. Sura Magnets

Headquarters: Coimbatore, India
Key Offering: Permanent Magnets, Bonded Ferrite and NdFeB Magnets

Sura Magnets is a prominent manufacturer in India’s growing magnet industry. The company produces a variety of compression molded magnets, with a strong focus on ferrite materials for cost-sensitive applications. They play a vital role in supplying the domestic automotive auxiliary and consumer goods markets.

Innovation Initiatives:

• Focus on serving the price-conscious manufacturing sector

• Development of magnets for industrial motor applications

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2️⃣ 9. HS Magnet

Headquarters: Ningbo, China
Key Offering: Compression Molded Neodymium Magnets, Ferrite Magnets

HS Magnet is a specialized Chinese manufacturer focused on producing high-quality bonded rare-earth magnets. The company leverages China’s strong rare-earth supply chain to offer competitive products for global markets, particularly in the electronics and instrumentation sectors where precise magnetic fields are required.

Innovation Initiatives:

• Specialization in small-batch, high-precision magnet production

• Continuous improvement in magnetic energy product and temperature resistance

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1️⃣ 10. X-MAG

Headquarters: Düsseldorf, Germany
Key Offering: Customized Bonded Magnets, Magnetic Sensor Systems

X-MAG is a German specialist in sensor and magnet technology. Their expertise in compression molding is applied to create sophisticated magnetic components for sensors, encoders, and safety-critical systems in the European automotive and industrial automation markets. Their strength lies in solving complex technical challenges with tailored magnetic solutions.

Innovation Initiatives:

• Integration of magnets into smart sensor systems

• Collaboration with automotive Tier-1 suppliers on innovative applications

Read Full Report:
Compression Molded Magnet Market – View in Detailed Research Report

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🌍 Outlook: The Future of Compression Molded Magnets is High-Performance and Sustainable

The compression molded magnet market is undergoing a significant transformation. While traditional ferrite magnets continue to dominate in volume, the industry is rapidly advancing towards higher-energy rare-earth materials, more complex geometries, and sustainable manufacturing practices.

📈 Key Trends Shaping the Market:

• Accelerated adoption of bonded NdFeB magnets in electric vehicle traction motors and auxiliary systems

• Increased demand for miniaturized, multi-pole magnets for advanced sensors and miniature motors

• Growing focus on supply chain resilience and diversification of rare-earth material sources

• Advancements in binder technologies to improve thermal stability and corrosion resistance

Read Full Report:
Compression Molded Magnet Market – View in Detailed Research Report

The companies listed above are not only supplying essential components for modern technology—they’re driving the innovation engine for a more efficient and electrified world.