Rare Earth Magnets Companies

The rare earth magnets market is projected to grow from USD 21.98 billion in 2025 to USD 30.01 billion by 2030, at a CAGR of 6.4% during the forecast period. The rising electric vehicle adoption, increasing initiatives to expand renewable energy, and the creation of supply chain security of rare earth magnets are projected to drive the market.

Rare Earth Magnets Market Companies

The rare earth magnets market is dominated by major players such as Proterial, Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), TDK Corporation (Japan), and VACUUMSCHMELZE (Germany). To increase their market share in the worldwide rare earth magnets industry, these companies have implemented growth strategies like collaborations, agreements, expansions, and product launches. Major players' most prevalent strategy was collaborations and agreements, which allowed them to increase both their clientele and their worldwide footprint.

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Proterial, Ltd. (Japan) is a Japanese advanced materials and specialty metals firm with a storied legacy. At its core, Proterial develops, manufactures, and markets high-performance materials, including specialty steels, magnetic materials, metal powders, electronic materials, and functional components. Established in 1910 (via its predecessor entities) and rebranded as “Proterial” in 2023, the company is headquartered in Tokyo and serves global markets in the automotive, electronics, infrastructure, and energy sectors. Globally, Proterial maintains a presence through subsidiaries and research, manufacturing, and sales operations in Asia, the Americas, and Europe. The company is an international supplier of rare earth magnets and has earned trust through years of industry experience.

Shin-Etsu Chemical Co., Ltd. (Japan) is a prominent Japanese chemical manufacturer known for producing a diverse array of materials. The company's operations are divided into several key segments: infrastructure materials, electronics materials, functional materials, and processing and specialized services. With a workforce exceeding 27,000 employees, Shin-Etsu maintains a strong global presence across North America, South America, the Asia Pacific, and Europe. The company is particularly recognized for its dedication to sustainable business initiatives and its role in providing essential technologies that benefit both society and various industries. Within its Electronics Materials segment, Shin-Etsu offers neodymium and samarium-based rare-earth magnets through its Magnetic Materials division.

MARKET RANKING

Proterial, Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), TDK Corporation (Japan), JL MAG Rare-Earth Co., Ltd. (China), and VACUUMSCHMELZE (Germany) are the leading players in the rare earth magnets market. Proterial, Ltd. leverages highly competitive material technologies, broad industrial diversification, and the leading NEOMAX brand of NdFeB rare earth magnets as its key strengths and strategic differentiators in the global market. Establishing a local production system connected to demand, along with 66 international facilities located in low-risk regions, enables Shin-Etsu Chemical Co., Ltd. to reduce production costs and alleviate disruptions specific to countries. TDK Corporation prioritizes collaboration and open innovation through partnerships with universities and venture investments. VACUUMSCHMELZE specializes in producing rare-earth permanent magnets, managing the entire process from basic elements to finished electric motor stators, thereby offering comprehensive, vertically integrated solutions. JL MAG Rare-Earth Co., Ltd. is strategically investing in the expansion of production capacity at key locations such as Jiangxi, Baotou, and Mexico, aiming to achieve an annual output of 40,000 tons of NdFeB magnets to address the increasing demand in the market.

Related Reports:

Rare Earth Magnets Market by Type (NdFeB, SmCo), Manufacturing Process (Sintered, Bonded), End-use Industry (Automotive, Consumer Electronics, Aerospace & Defense, Energy, Industrial, Other End-use Industries), and Region - Global Forecast to 2030