The Global Plastic Bonded Magnets Market was valued at USD 554.13 Million in 2021 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.03% from 2021 to 2027. This sustained growth is being driven by escalating demand from the automotive sector, the proliferation of miniaturized electronics, and the increasing adoption of energy-efficient motors across industries.

As industries worldwide prioritize lightweight, complex-shaped, and corrosion-resistant magnetic components, the spotlight is on the key manufacturers who are driving material science innovation and production scalability. In this blog, we profile the Top 10 Companies in the Plastic Bonded Magnets Industry—a mix of global material science giants and specialized magnetic component producers shaping the future of this critical market.

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2022 Global Plastic Bonded Magnets Industry Status and Prospects Professional Market – View in Detailed Research Report

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🔟 1. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Neodymium (NdFeB) Bonded Magnets, Ferrite Bonded Magnets

TDK Corporation is a global electronics giant and a leading innovator in magnetic technology. Its product portfolio includes a wide range of high-performance bonded magnets used in hard disk drives, automotive sensors, and consumer electronics. TDK’s advanced material science expertise allows it to produce magnets with precise magnetic characteristics and complex geometries.

Innovation and Market Focus:

• Development of high-heat resistance bonded magnets for automotive applications

• Focus on miniaturization for consumer electronics and IoT devices

• Strong R&D investments in rare-earth magnet technologies

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9️⃣ 2. Daido Electronics Co., Ltd.

Headquarters: Kyoto, Japan
Key Offering: Bonded NdFeB Magnets, Samarium Cobalt (SmCo) Bonded Magnets

Daido Electronics, a subsidiary of Daido Steel, is a specialist in high-performance permanent magnets. The company is renowned for its expertise in both sintered and bonded magnet technologies, serving demanding applications in the automotive, industrial motor, and aerospace sectors with a focus on reliability and performance.

Innovation and Market Focus:

• Specialization in high-coercivity bonded magnets

• Supply chain integration from raw materials to finished components

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8️⃣ 3. Matesy GmbH (formerly MS-Schramberg)

Headquarters: Schramberg, Germany
Key Offering: Isotropic and Anisotropic Bonded NdFeB Magnets

Matesy is a leading European manufacturer with a long history in magnetic solutions. The company excels in producing bonded magnets using injection molding and compression bonding techniques, offering significant design flexibility for complex parts used in sensors, actuators, and medical devices.

Innovation and Market Focus:

• Expertise in multi-pole magnetizing for precision motors

• Customized solutions for low-volume, high-value applications

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7️⃣ 4. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Bonded Neodymium Magnets, Flexible Bonded Magnets

Arnold Magnetic Technologies is a key player in the Americas, providing high-performance magnetic solutions for aerospace, defense, medical, and industrial markets. The company’s capabilities include producing bonded magnets that meet stringent performance and quality standards for critical applications.

Innovation and Market Focus:

• Focus on mission-critical applications in aerospace and defense

• Development of magnets for high-temperature and corrosive environments

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2022 Global Plastic Bonded Magnets Industry Status and Prospects Professional Market – View in Detailed Research Report

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6️⃣ 5. Eclipse Magnetics Ltd.

Headquarters: Sheffield, United Kingdom
Key Offering: Magnetic Assemblies, Bonded Ferrite and NdFeB Magnets

Eclipse Magnetics is a prominent UK-based manufacturer known for its comprehensive range of magnetic products and assemblies. The company provides bonded magnet solutions tailored for filtration, separation, and holding applications across various industries, including food processing and pharmaceuticals.

Innovation and Market Focus:

• Specialization in magnetic assemblies and custom solutions

• Strong presence in hygienic and industrial magnet markets

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5️⃣ 6. Bunting Magnetics Co.

Headquarters: Newton, Kansas, USA
Key Offering: Custom Bonded Magnets, Magnetic Separation Equipment

Bunting Magnetics is a major North American manufacturer with a global footprint. The company designs and manufactures a wide array of bonded magnets, often integrated into their own magnetic assemblies and equipment for material handling, recycling, and manufacturing applications.

Innovation and Market Focus:

• Vertical integration from magnet production to finished equipment

• Strong focus on the North American industrial and automotive sectors

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4️⃣ 7. Zhong Ke San Huan Hi-Tech Co., Ltd.

Headquarters: Beijing, China
Key Offering: Sintered and Bonded NdFeB Magnets

As one of China’s leading rare-earth magnet producers, Zhong Ke San Huan Hi-Tech commands a significant share of the global market. The company leverages China’s dominance in rare-earth materials to produce cost-competitive bonded magnets for a massive domestic and international customer base.

Innovation and Market Focus:

• Large-scale production capacity for high-volume markets

• Strategic access to rare-earth element supply chains

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3️⃣ 8. Goudsmit Magnetics Group

Headquarters: Waalre, Netherlands
Key Offering: Magnetic Systems, Bonded Permanent Magnets

Goudsmit Magnetics is a European leader in magnetic solutions, offering both standard and custom-designed bonded magnets. The company serves a diverse range of sectors, including automotive, food, and recycling, with a strong emphasis on application engineering and customer-specific designs.

Innovation and Market Focus:

• Application-engineered solutions for specific industry challenges

• Global distribution network across Europe, Asia, and North America

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2️⃣ 9. Ningbo Yunsheng Co., Ltd.

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

Ningbo Yunsheng is a major Chinese manufacturer of permanent magnetic materials. While primarily known for its sintered neodymium magnets, the company is also a significant supplier in the bonded magnet segment, catering to the vast electronics and appliance manufacturing base in Asia.

Innovation and Market Focus:

• Cost leadership in high-volume magnet production

• Focus on serving the consumer electronics and home appliance industries

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1️⃣ 10. Bomatec Group

Headquarters: Sissach, Switzerland
Key Offering: Precision Bonded Magnets, Magnetic Sensor Components

The Bomatec Group specializes in the production of high-precision plastic bonded magnets, particularly for demanding applications in the automotive and sensor industries. The company’s expertise lies in manufacturing magnets with tight tolerances and complex shapes for use in position sensors, encoders, and small motors.

Innovation and Market Focus:

• Leadership in precision-molded magnets for sensors

• Strong technological partnership with major automotive Tier-1 suppliers

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2022 Global Plastic Bonded Magnets Industry Status and Prospects Professional Market – View in Detailed Research Report

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🧭 Outlook: The Future of Plastic Bonded Magnets Is High-Performance and Application-Specific

The plastic bonded magnets market is undergoing a significant evolution. While traditional applications continue to drive volume, the industry is increasingly focused on developing high-energy-product magnets, enhancing thermal stability, and creating customized solutions for next-generation technologies.

📈 Key Trends Shaping the Market:

• Rising demand for efficient motors in electric vehicles and industrial automation

• Miniaturization trend in consumer electronics and medical devices

• Development of corrosion-resistant bonded magnets for harsh environments

• Increased R&D into reducing rare-earth content without compromising performance

Read Full Report:
2022 Global Plastic Bonded Magnets Industry Status and Prospects Professional Market – View in Detailed Research Report

The companies listed above are not only supplying essential components—they’re driving the technological innovation that enables smarter, more efficient, and more compact electronic and electromechanical systems across the globe.