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 accelerating global transition to electric vehicles, the expansion of renewable energy infrastructure, and the relentless miniaturization of consumer electronics, all of which demand the unparalleled magnetic strength of sintered NdFeB (Neodymium-Iron-Boron) magnets.

As industries worldwide push for greater efficiency and power density, the spotlight falls on the key manufacturers who are advancing magnet technology, securing rare earth supply chains, and driving innovation. In this blog, we profile the Top 10 Companies in the Sintered Neodymium Magnet Industry—a mix of established global leaders and specialized producers shaping the future of this critical materials market.

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🔟 1. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-performance sintered NdFeB magnets, Custom magnet solutions

Shin-Etsu Chemical is a global leader in the sintered neodymium magnet market, renowned for its vertically integrated operations that span from rare earth processing to advanced magnet manufacturing. The company’s magnets are critical components in high-efficiency motors for hybrid and electric vehicles, industrial automation systems, and high-end audio equipment.

Innovation Initiatives:

• Pioneering grain boundary diffusion technology for high-temperature stability

• Significant R&D investments in magnet recycling and reduced heavy rare earth usage

• Global expansion of production capacity to meet surging EV demand

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

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9️⃣ 2. Hitachi Metals, Ltd. (Proterial, Ltd.)

Headquarters: Tokyo, Japan
Key Offering: NEOMAX® series sintered NdFeB magnets

Hitachi Metals, now operating as Proterial, Ltd., is a powerhouse in the high-performance magnet sector with its flagship NEOMAX brand. The company’s magnets are essential for applications requiring maximum magnetic energy, including traction motors for electric vehicles, compressors, and precision industrial equipment.

Innovation Initiatives:

• Development of high-coercivity magnets for automotive applications

• Advanced coating technologies for improved corrosion resistance

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8️⃣ 3. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: NEOREC series sintered NdFeB magnets

TDK Corporation is a major global electronics component manufacturer with a strong position in the sintered neodymium magnet market through its NEOREC series. The company leverages its expertise in materials science to produce magnets for hard disk drives, automotive sensors, and various consumer electronics applications.

Innovation Initiatives:

• Focus on magnets for next-generation data storage and automotive sensors

• Integration of magnet production with other electronic component manufacturing

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7️⃣ 4. Vacuumschmelze GmbH & Co. KG

Headquarters: Hanau, Germany
Key Offering: VACODYM® sintered NdFeB magnets

Vacuumschmelze (VAC) is a leading European manufacturer of advanced magnetic materials, including its high-performance VACODYM sintered NdFeB magnets. The company serves demanding applications in automotive, aerospace, and industrial sectors, with a particular focus on custom-engineered solutions for specific customer requirements.

Innovation Initiatives:

• Specialization in high-temperature and corrosion-resistant magnet grades

• Strong focus on automotive electrification and wind power applications

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6️⃣ 5. Ningbo Yunsheng Co., Ltd.

Headquarters: Ningbo, China
Key Offering: Wide range of sintered NdFeB magnet grades

Ningbo Yunsheng is one of China’s largest manufacturers of sintered neodymium magnets, benefiting from proximity to rare earth resources and a strong domestic manufacturing base. The company produces a comprehensive range of magnet grades suitable for various applications from consumer electronics to industrial motors.

Innovation Initiatives:

• Cost-effective production for mass-market applications

• Expansion into higher-value automotive and industrial segments

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

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5️⃣ 6. Zhenghai Magnetic Material Co., Ltd.

Headquarters: Ningbo, China
Key Offering: Sintered NdFeB magnets for various industries

Zhenghai Magnetic is a significant Chinese producer of sintered neodymium magnets with a strong export orientation. The company has established itself as a reliable supplier for international customers across multiple sectors, including automotive components, medical devices, and consumer goods.

Innovation Initiatives:

• Development of specialized magnet shapes and configurations

• Quality improvement initiatives to meet international standards

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4️⃣ 7. Earth-Panda Advance Magnetic Material Co., Ltd.

Headquarters: Anhui, China
Key Offering: Sintered NdFeB magnets with focus on sustainability

Earth-Panda is a prominent Chinese magnet manufacturer with growing international presence. The company has been investing in more sustainable production processes and has developed capabilities to produce magnets for the rapidly expanding electric vehicle and renewable energy markets.

Innovation Initiatives:

• Investment in environmentally friendly production technologies

• Expansion of high-performance magnet capacity for automotive applications

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3️⃣ 8. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: High-performance sintered NdFeB magnets for specialized applications

Arnold Magnetic Technologies is a key Western manufacturer of precision magnetic solutions, including sintered neodymium magnets for demanding applications in aerospace, defense, and medical technology. The company focuses on high-reliability magnets that meet stringent performance and quality standards.

Innovation Initiatives:

• Specialization in magnets for extreme environments and mission-critical applications

• Development of custom magnetic assemblies and systems

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2️⃣ 9. Ningbo Gangyuan Magnetics Co., Ltd.

Headquarters: Ningbo, China
Key Offering: Comprehensive range of sintered NdFeB magnets

Ningbo Gangyuan is another major Chinese manufacturer in the sintered neodymium magnet space, producing magnets for a diverse customer base across multiple industries. The company has developed expertise in manufacturing complex magnet shapes and multi-pole magnetizations.

Innovation Initiatives:

• Advanced magnetizing capabilities for specialized applications

• Continuous improvement in production efficiency and quality control

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1️⃣ 10. Advanced Technology & Materials Co., Ltd. (AT&M)

Headquarters: Beijing, China
Key Offering: High-performance sintered NdFeB magnets and rare earth materials

AT&M is a diversified materials company with significant operations in the sintered neodymium magnet sector. As a subsidiary of China’s largest rare earth producer, the company benefits from integrated supply chain advantages and strong technical capabilities in magnet development and manufacturing.

Innovation Initiatives:

• Vertical integration from rare earth materials to finished magnets

• R&D focus on next-generation magnet technologies and applications

Get Full Report Here: 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 significant transformation. While traditional applications continue to drive volume, the industry is investing heavily in advanced manufacturing technologies, supply chain diversification, and more sustainable production methods to meet the demands of the green economy.

📈 Key Trends Shaping the Market:

• Accelerating demand from electric vehicle manufacturers requiring high-performance motor magnets

• Expansion of wind power capacity driving need for large-scale generator magnets

• Increasing focus on supply chain security and rare earth diversification strategies

• Technological advancements enabling higher performance with reduced heavy rare earth content

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 driving the technological innovation that will power the clean energy transition and advanced manufacturing sectors for years to come.