Permanent Magnet Companies

The permanent magnet market is projected to reach USD 88.51 billion by 2030, from USD 58.87 billion in 2025, with a CAGR of 8.5%. The permanent magnet has a wide range of applications, such as motors, generators, sensors, actuators, medical devices, loudspeakers, and mobile devices, among others. The increasing demand for consumer electronics is fueling the growth of the permanent magnet market worldwide. The automotive industry is also experiencing a high demand for permanent magnets due to the government’s global push toward electric and hybrid vehicles.

Compared to traditional magnets, permanent magnets provide significant magnetic strength and compactness. They come in various sizes and grades and exhibit high coercivity, retentivity, remanence, and maximum energy product. Another advantage of permanent magnets is their excellent stability, rigidity, moisture resistance, and corrosion resistance. Additionally, they generally require less maintenance than traditional magnets. Due to these properties, permanent magnets are widely used in consumer electronics, powering devices such as smartphones, earbuds, and loudspeakers.

Permanent Magnet Companies

The major players operating in the permanent magnet market are Proterial, Ltd. (Japan), Arnold Magnetic Technologies (US), TDK Corporation (Japan), Yantai Dongxing Magnetic Materials Inc. (China), Shin-Etsu Chemical Co., Ltd. (Japan), Electron Energy Corporation (US), Adams Magnetic Products, LLC (US), Bunting Magnetics Co. (US), Tengam Engineering, Inc. (US), Ningbo Yunsheng Co., Ltd. (China), Chengdu Galaxy Magnets Co., Ltd. (China), Goudsmit Magnetics (Netherlands), Eclipse Magnetics (UK), Dexter Magnetic Technologies (US), and Earth Panda Advance Magnetic Material Co., Ltd. (China). Most of these players have adopted various growth strategies to strengthen their positions in the permanent magnet market. These strategies include agreements, collaborations, contracts, mergers & acquisitions, partnerships, product launches, and R&D activities.

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Proterial, Ltd. (Japan)

Proterial, Ltd. is a leading Japanese company specializing in the manufacture of high-performance materials. The company operates through several segments, including Magnetic Materials/Power Electronics Materials, Functional Components & Equipment, Specialty Steel Products, and Wires, Cables, and Related Products. Through its Magnetic Materials segment, Proterial produces rare earth magnets, ferrite magnets, and other applied products. The company emphasizes sustainability and aims for carbon neutrality by 2050. With a strong global presence, it has operations in North America, Europe, and Asia Pacific, supported by extensive R&D efforts and a commitment to advancing material technologies for energy efficiency and environmental solutions.

Arnold Magnetic Technologies (US)

Arnold Magnetic Technologies is a leading manufacturer of high-performance permanent magnets, flexible composites, electromagnets, magnetic assemblies, and precision thin materials. The company produces high-quality permanent magnets that are utilized across a wide range of industries, including aerospace and defense, oil and gas, industrial applications, motors and motion control, electric and hybrid motors, motorsports, medical devices, alternative energy, and consumer electronics. It operates manufacturing and technology centers in the US, the UK, Switzerland, and China, serving a diverse global customer base of over 2,000 clients worldwide.

TDK Corporation (Japan)

TDK Corporation is a Japanese multinational electronics company that produces electronic materials, electronic components, and recording and data-storage media. The company operates in the following segments: Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Others. The Magnetic Application Products segment includes HDD heads, HDD suspension assemblies, and magnets, which serve various industries such as automotive, infrastructure, and industrial equipment. It offers high-performance magnetic heads and HDD suspension assemblies. TDK has a global presence across the Americas, Europe, Asia Pacific, and other regions.

PERMANENT MAGNET MARKET: MARKET RANKING

The permanent magnet market is competitive, with the top five players holding 25–30% of the market, which shows that many regional players are active in this emerging market. Proterial Ltd. leads the industry due to its technological innovation, strong R&D capabilities, extensive production capacity, and strategic partnerships across various sectors. As a pioneer in permanent magnet manufacturing, the company has developed high-performance materials widely used in the automotive, industrial infrastructure, and electronics industries. Other notable companies include Arnold Magnetic Technologies and TDK Corporation. These firms have advanced in providing competitive products and solutions for various permanent magnet applications. Meanwhile, companies like Yantai Dongxing Magnetic Materials Inc. and Shin-Etsu Chemical Co., Ltd. are helping diversify the market by pioneering new technologies and expanding manufacturing capacity.

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