The India Compression Bonded Magnets Market was valued at USD 60.86 million in 2024 and is projected to reach USD 90.77 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period (2024-2030). This robust growth is fueled by increasing demand from automotive, aerospace, and medical sectors, along with advancements in magnet manufacturing technologies.
Compression bonded magnets combine magnetic powders with polymer binders through compression molding, offering superior dimensional accuracy, complex shapes, and cost-effective production compared to sintered magnets. These properties make them ideal for modern applications requiring precision magnetic components.
As India’s manufacturing sector expands, the spotlight falls on key producers driving innovation in magnetic solutions. This report profiles the Top 10 Companies in India’s Compression Bonded Magnets Market—industry leaders shaping the future of magnetic technology.
🔟 1. Magnetic Component Engineering Pvt. Ltd.
Headquarters: Mumbai, India
Key Offering: Custom bonded NdFeB and SmCo magnets
As India’s largest indigenous manufacturer, Magnetic Component Engineering specializes in high-performance compression bonded magnets for defense and industrial applications. The company operates advanced molding facilities near Pune and Chennai.
Innovation Highlights:
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Proprietary corrosion-resistant coating technologies
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Vertical integration from raw materials to finished magnets
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DRDO-approved supplier for defense applications
Download FREE Sample Report: India Compression Bonded Magnets Market – View in Detailed Research Report
9️⃣ 2. Eclipse Magnetics India
Headquarters: Pune, India (Subsidiary of Eclipse Magnetics UK)
Key Offering: High-temperature bonded magnets
The Indian arm of this global magnet specialist focuses on automotive and renewable energy applications, supplying major OEMs like Tata Motors and Mahindra Electric.
Innovation Highlights:
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Patented thermal stabilization process
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India-specific formulations for tropical climates
8️⃣ 3. Arnold Magnetic Technologies India
Headquarters: Bengaluru, India
Key Offering: Precision bonded magnet assemblies
Arnold’s Indian operations serve the aerospace and medical sectors, manufacturing complex magnetic components compliant with international standards.
Innovation Highlights:
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ISO 13485 certified medical-grade production
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DRDO-certified aerospace components
7️⃣ 4. Hitachi Metals NeoMag India
Headquarters: Chennai, India
Key Offering: NEOREC series bonded magnets
This Japanese MNC’s Indian subsidiary produces bonded NdFeB magnets for consumer electronics and industrial automation.
Innovation Highlights:
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Automated quality control systems
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Local R&D center for application development
Download FREE Sample Report: India Compression Bonded Magnets Market – View in Detailed Research Report
6️⃣ 5. TDK India Electronics Pvt. Ltd.
Headquarters: Gurugram, India
Key Offering: Ferrite and rare earth bonded magnets
TDK’s Indian operations manufacture compression bonded magnets for electronics and automotive sensors, supplying major global and domestic brands.
Innovation Highlights:
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Integrated magnetics-electronics solutions
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EV-specific magnetic components
5️⃣ 6. Advanced Magnetics India
Headquarters: Ahmedabad, India
Key Offering: Cost-effective bonded magnet solutions
This domestic manufacturer specializes in high-volume production for appliance and automotive sectors, with exports to Southeast Asia and Africa.
Innovation Highlights:
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Automated compression molding lines
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Lean manufacturing implementation
4️⃣ 7. Magnequench India Technology Center
Headquarters: Pune, India
Key Offering: MQP bonded magnet powders and components
The Indian technology center of this Singapore-based company develops customized magnetic solutions for local markets.
Innovation Highlights:
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Local formulation development
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Technical support for Indian manufacturers
3️⃣ 8. MMG India Magnetic Solutions
Headquarters: Chennai, India
Key Offering: High-strength bonded magnet assemblies
MMG’s Indian subsidiary focuses on industrial and renewable energy applications with reliable magnetic solutions.
Innovation Highlights:
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Wind turbine generator magnets
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Sensor-embedded magnetic assemblies
Read Full Report: India Compression Bonded Magnets Market – View in Detailed Research Report
2️⃣ 9. Precision Magnetics India
Headquarters: Coimbatore, India
Key Offering: Micro-bonded magnets
Specializing in miniaturized components, this Indian company supplies medical devices and precision instruments.
Innovation Highlights:
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Sub-millimeter tolerance capabilities
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Cleanroom production facilities
1️⃣ 10. Superbond Magnetics
Headquarters: Faridabad, India
Key Offering: High-volume bonded magnet production
This cost-competitive manufacturer serves India’s growing appliance and automotive component sectors.
Innovation Highlights:
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