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The Global NdFeB Permanent Magnets Market was valued at USD 17.49 Billion in 2023 and is projected to reach USD 23.02 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.10% during the forecast period (2024–2032). This growth is driven by increasing demand from electric vehicles, wind turbines, and consumer electronics, along with advancements in magnet manufacturing technologies.

As industries transition toward sustainable energy and high-performance applications, NdFeB magnets have become indispensable components. In this blog, we profile the Top 10 Companies in the NdFeB Permanent Magnets Industry—key players shaping the future of magnetic materials with innovation and strategic expansions.

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🔟 1. Hitachi Metals (Proterial, Ltd.)

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

Hitachi Metals, now operating as Proterial Ltd., is a global leader in NdFeB magnet production with advanced manufacturing capabilities. The company supplies critical magnetic solutions for automotive, industrial, and renewable energy applications worldwide.

Innovation Focus:

• Pioneering high-coercivity magnets for EV motors
• R&D in rare-earth reduction technologies
• Strategic partnerships with automotive OEMs

Download FREE Sample Report: NdFeB Permanent Magnets Market – View in Detailed Research Report

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9️⃣ 2. Vacuumsschmelze GmbH & Co. KG

Headquarters: Hanau, Germany
Key Offering: Precision-engineered sintered NdFeB magnets

VAC is a German leader in high-performance magnetic solutions with stringent quality standards. The company serves aerospace, medical, and automotive sectors with customized magnet solutions across Europe and North America.

Innovation Focus:

• Advanced corrosion-resistant coatings
• High-temperature magnet developments
• Custom magnetic assemblies for industrial automation

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8️⃣ 3. Zhong Ke San Huan Hi-Tech Co., Ltd.

Headquarters: Beijing, China
Key Offering: Sintered and bonded NdFeB magnets

As China’s largest NdFeB producer, Zhong Ke San Huan holds about 15% of the global market share. The company supplies to major EV manufacturers and wind turbine producers worldwide.

Innovation Focus:

• Automated production lines
• Rare-earth recycling programs
• High-efficiency motor magnet solutions

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7️⃣ 4. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Neoquench series NdFeB magnets

TDK’s Neoquench technology offers industry-leading magnetic performance. The company supplies magnets for computer hard drives, electric vehicles, and renewable energy applications.

Innovation Focus:

• High-precision magnetization
• Thermal stability up to 200°C
• Miniaturized magnet solutions

Download FREE Sample Report: NdFeB Permanent Magnets Market – View in Detailed Research Report

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6️⃣ 5. Ningbo Yunsheng Co., Ltd.

Headquarters: Ningbo, China
Key Offering: High-grade sintered NdFeB magnets

Ningbo Yunsheng is one of China’s top three NdFeB magnet producers, with 20% of its output going to international markets. The company has recently expanded production capacity by 30%.

Innovation Focus:

• Vertical integration from raw materials to finished products
• Cost optimization
• EV motor magnet specialization

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5️⃣ 6. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-performance NdFeB magnets

Shin-Etsu combines rare earth expertise with precision manufacturing to produce some of the world’s most reliable NdFeB magnets for industrial and consumer applications.

Innovation Focus:

• High-purity raw materials
• Uniform magnetic properties
• Consistent performance at extreme temperatures

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4️⃣ 7. JL MAG Rare-Earth Co., Ltd.

Headquarters: Ganzhou, China
Key Offering: High-efficiency NdFeB magnets

JL MAG has shown rapid growth, now ranking among China’s top 5 producers. The company specializes in magnets for high-performance motors and generators.

Innovation Focus:

• Direct drive wind turbine magnets
• High-speed motor applications
• Automated quality control systems

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3️⃣ 8. Earth-Panda Advanced Magnetic Material Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Custom NdFeB magnet solutions

Earth-Panda operates one of China’s most advanced magnet processing facilities, producing specialty magnets for aerospace and medical applications.

Innovation Focus:

• Complex geometries and tight tolerances
• Medical device magnets
• Stringent quality control

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2️⃣ 9. Galaxy Magnets Co., Ltd.

Headquarters: Jinhua, China
Key Offering: Cost-effective NdFeB magnets

Galaxy Magnets has established a strong position in the mid-range magnet market, delivering consistent quality at competitive prices.

Innovation Focus:

• Efficient mass production
• Standard grade magnets
• Reliable supply chain

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1️⃣ 10. Jingci Magnet Co., Ltd.

Headquarters: Hangzhou, China
Key Offering: Specialty NdFeB magnets

Jingci Magnet focuses on precision applications, supplying magnets for sensors, medical equipment, and high-end consumer electronics.

Innovation Focus:

• Miniature and thin magnets
• High precision machining
• Custom magnetization patterns

Get Full Report Here: NdFeB Permanent Magnets Market – View in Detailed Research Report

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🔮 Outlook: The Future of NdFeB Magnets Is Brighter Than Ever

The NdFeB permanent magnets market is experiencing transformative growth as electrification and efficiency demands increase across industries. While traditional applications continue to drive demand, emerging technologies present unprecedented opportunities.

📈 Key Trends Shaping the Market:

• Electric vehicle motor production grows over 25% annually
• Wind turbine installations expanding globally
• Miniaturization in consumer electronics
• Advances in magnet recycling
• Geopolitical shifts in rare-earth supply chains

Get Full Report Here: NdFeB Permanent Magnets Market – View in Detailed Research Report

The companies profiled above are not just manufacturing magnets—they’re enabling technological revolutions across multiple industries while navigating complex supply chain and sustainability challenges.