Top 10 Companies in Global Sintered Magnet Market (2026): Market Leaders Powering Global Industry

MARKET INSIGHTS

The Global sintered magnet market size was valued at USD 11.5 billion in 2024. The market is projected to grow from USD 12.4 billion in 2025 to USD 18.9 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.

Sintered magnets are permanent magnets manufactured through powder metallurgy processes, offering superior magnetic properties compared to bonded alternatives. These high‑performance magnets are categorized into two primary types: sintered rare‑earth magnets (including neodymium‑iron‑boron and samarium‑cobalt variants) and sintered ferrite magnets. The sintering process enables precise control over magnetic characteristics, making them indispensable in applications requiring strong, stable magnetic fields.

The market growth is driven by increasing demand from the electric vehicle sector, where sintered magnets are critical for motor efficiency, alongside expanding applications in renewable energy systems like wind turbines. However, supply chain vulnerabilities for rare‑earth materials present ongoing challenges. Key players like TDK Corporation and Shin‑Etsu Chemical are investing in production capacity expansions, with TDK announcing a new manufacturing facility in Vietnam set to commence operations in Q2 2025 to meet growing Asian demand.

Global Sintered Magnet Market – View in Detailed Research Report

10️⃣ 10. Jiangmen Magsource New Material

Headquarters: Jiangmen, China
Key Offering: Advanced magnet materials for automotive and industrial use

Jiangmen Magsource has carved a niche in developing next‑generation magnet alloys that balance performance with cost. Their focus on green manufacturing aligns with global ESG trends, positioning the company as a forward‑looking supplier for the electrified automotive sector.

Sustainability & Growth Initiatives:

• Investing in low‑energy alloy processing
• Collaborating with automotive OEMs on electric motor integration
• Implementing a closed‑loop scrap recycling program

9️⃣ 9. Zhaobao Permanent Magnet Technology

Headquarters: Shanghai, China
Key Offering: High‑coercivity magnets for high‑performance motors

Zhaobao’s magnets deliver exceptional resistance to demagnetization, making them ideal for EV motors that operate under high thermal loads. The company is actively expanding its production footprint to meet rising demand in the electric mobility market.

Sustainability & Growth Initiatives:

• Optimizing sintering cycles to reduce energy consumption
• Developing heat‑resistant grades with reduced rare‑earth content
• Engaging in regional partnerships to support renewable energy projects

8️⃣ 8. Magtech Magnetic Products Corp.

Headquarters: St. Louis, USA
Key Offering: Custom magnets for industrial and medical applications

Magtech specializes in precision magnet solutions tailored to high‑end industrial equipment and medical devices. Their commitment to quality and reliability has earned them a reputation as a trusted partner for critical applications.

Sustainability & Growth Initiatives:

• Implementing a comprehensive magnetic scrap recycling program
• Investing in digital twin technology to streamline product design
• Expanding into emerging markets for medical device manufacturing

7️⃣ 7. Anhui Earth‑Panda Advance Magnetic Material

Headquarters: Anhui, China
Key Offering: Rare‑earth magnets for automotive motors

Leveraging China’s abundant rare‑earth resources, Anhui Earth‑Panda delivers cost‑competitive magnets that meet the performance demands of the automotive sector. The company’s focus on local sourcing reduces exposure to global supply disruptions.

Sustainability & Growth Initiatives:

• Prioritizing local rare‑earth mining to secure supply chains
• Adopting low‑emission production processes
• Developing high‑temperature resistant grades for industrial motors

6️⃣ 6. Eclipse Magnetics

Headquarters: London, UK
Key Offering: Corrosion‑resistant coated magnets for marine and offshore applications

Eclipse’s patented coating technology protects magnets against harsh marine environments, allowing their use in offshore wind turbines and maritime equipment. The company’s premium pricing reflects the added durability and reliability of its products.

Sustainability & Growth Initiatives:

• Developing environmentally friendly coating formulations
• Expanding presence in European offshore wind markets
• Investing in circular economy initiatives for end‑of‑life magnets

5️⃣ 5. Ningbo Newland Magnetics

Headquarters: Ningbo, China
Key Offering: High‑performance magnets for electric vehicles

After acquiring a German magnet manufacturer, Ningbo Newland has broadened its technical capabilities and entered the European market. The company now offers a comprehensive portfolio of rare‑earth magnets tailored to EV motor requirements.

Sustainability & Growth Initiatives:

• Integrating European manufacturing expertise with Asian scale
• Reducing carbon intensity through optimized sintering processes
• Engaging in joint ventures to develop rare‑earth‑free alloys

4️⃣ 4. Tokyo Ferrite

Headquarters: Tokyo, Japan
Key Offering: Ferrite magnets for industrial equipment

Tokyo Ferrite remains a leading supplier of ferrite magnets, known for its advanced sintering techniques that deliver high performance at lower costs. The company’s focus on energy efficiency aligns with global sustainability objectives.

Sustainability & Growth Initiatives:

• Implementing low‑energy sintering cycles
• Expanding production capacity to support renewable energy projects
• Collaborating with research institutions on high‑temperature resistant ferrite grades

3️⃣ 3. Hengdian Group DMEGC Magnetics

Headquarters: Zhejiang, China
Key Offering: Ferrite magnets for a broad range of applications

DMEGC’s extensive production network contributes nearly a quarter of the global ferrite magnet segment. The company’s recent expansion of production lines in Zhejiang demonstrates its commitment to meeting rising demand in both domestic and international markets.

Sustainability & Growth Initiatives:

• Optimizing resource utilization to lower production costs
• Investing in recycling of magnetic scrap
• Supporting renewable energy initiatives through dedicated magnet supply

2️⃣ 2. Shin‑Etsu Chemical

Headquarters: Tokyo, Japan
Key Offering: High‑grade NdFeB magnets for electric vehicles and industrial motors

Shin‑Etsu is a major player in the rare‑earth magnet market, continually expanding its capacity in China and investing in R&D for high‑temperature grades. The company’s strategic focus on quality and reliability keeps it at the forefront of the industry.

Sustainability & Growth Initiatives:

• Expanding production lines in China to secure supply
• Developing high‑temperature resistant magnets with lower rare‑earth content
• Reducing carbon footprint through energy‑efficient manufacturing

1️⃣ 1. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Neodymium magnets and integrated magnet solutions for electric motors

TDK leads the market with an 18% share in 2024, supported by a vertically integrated supply chain from raw materials to finished products. The company’s recent $150 million investment in neodymium magnet production and the new Vietnam facility underscore its commitment to meeting the growing demand in Asia.

Sustainability & Growth Initiatives:

• Investing in rare‑earth recycling and advanced alloy development
• Expanding capacity in Vietnam to reduce logistics costs
• Adopting low‑emission manufacturing practices across its global operations

Global Sintered Magnet Market – View in Detailed Research Report

Global Sintered Magnet Market – View in Detailed Research Report

Outlook: The Future of Global Sintered Magnet Market

The trajectory of the sintered magnet market is set to be shaped by the relentless push for electrification, the expansion of renewable energy infrastructure, and the drive toward more sustainable manufacturing practices. As automotive and industrial sectors increasingly demand high‑performance, energy‑efficient motors, the demand for rare‑earth magnets will rise sharply, while the industry will also accelerate the development of alternative, rare‑earth‑free solutions to mitigate supply risks.

Future Trends Shaping the Market

• Continued electrification of the automotive sector, with EV motors consuming 2–4 kg of high‑performance magnets per vehicle
• Rapid growth in offshore wind and other renewable energy projects that rely on direct‑drive generators
• Advancements in digital twin and process‑optimization technologies that reduce waste and improve magnetic performance
• Increasing focus on circular economy principles, including magnet recycling and material recovery
• Emergence of rare‑earth‑free magnet alloys that deliver 70–80 % of the performance of NdFeB at lower cost, opening new market segments