The Global Bonded NdFeB Magnet Market is witnessing a transformative phase driven by the global transition toward electrification and industrial automation. Valued at USD 2.15 Billion in 2025, the market is projected to reach an estimated valuation of USD 3.84 Billion by 2036, registering a CAGR of 5.4% during the forecast period.
Bonded NdFeB magnets, produced by blending rapid-quenched NdFeB powder with polymer binders, offer unique advantages over sintered magnets, including complex shape capabilities, high dimensional precision, and better mechanical strength. These attributes make them essential for the miniaturization of electronic components and the high-efficiency requirements of modern electric motors.
The initial disruption caused by the COVID-19 pandemic led to significant supply chain vulnerabilities, particularly concerning rare earth element sourcing. However, the post-pandemic era has catalyzed a "Green Recovery." The market is currently being propelled by aggressive government incentives for Electric Vehicle (EV) adoption and the rapid digital transformation of manufacturing (Industry 4.0), which has more than offset the temporary setbacks of 2020.
To provide stakeholders with a detailed understanding of the landscape, the market is segmented by manufacturing process, coating type, and end-user application.
Compression Molded Magnets: Utilizing thermoset resins, these offer higher magnetic density and are preferred for high-performance applications.
Injection Molded Magnets: Utilizing thermoplastic binders, these allow for extremely complex geometries and over-molding onto other components.
Extruded/Calendered Magnets: Used for flexible or thin-walled applications.
Epoxy Sealing/Resin Coating: The industry standard for excellent corrosion resistance and electrical insulation.
Nickel/Copper-Nickel Coating: Provides a metallic finish with high durability.
Zinc Coating: A cost-effective solution for less corrosive environments.
Parylene Coating: Increasingly used for medical and ultra-miniature applications due to its thin-film precision.
Electrophoretic Coating: High-uniformity coating for automotive parts.
Automotive: Focus on EPS (Electric Power Steering) motors, seat adjustment motors, and sensor systems in EVs and HEVs.
Consumer Electronics: Spindle motors for Hard Disk Drives (HDD), Optical Disk Drives (ODD), and mobile vibration motors.
Industrial Automation: High-precision robotics, servo motors, and automated guided vehicles (AGVs).
Electro-Acoustic: High-fidelity speakers, headphones, and microphones.
Healthcare: Miniature motors for surgical tools, hearing aids, and medical imaging sensors.
Aerospace & Defense: Weight-sensitive actuation systems and guidance sensors.
Asia-Pacific: The dominant region, holding over 60% of the market share. China remains the primary hub due to its control over the rare earth supply chain, while Japan leads in high-end technological innovation.
North America: Driven by the aerospace sector and the resurgence of domestic EV manufacturing. Focus is shifting toward supply chain "friend-shoring" to reduce reliance on single-source suppliers.
Europe: Focused heavily on the automotive sector, with Germany leading in the adoption of bonded magnets for advanced driver-assistance systems (ADAS).
Middle East & Africa: Emerging interest in renewable energy infrastructure and desalination plant automation.
The market features a mix of vertically integrated rare-earth giants and specialized precision-magnet manufacturers.
Global Leaders:
Neo Performance Materials (Magnequench): The undisputed global leader in the production of magnetic powders for bonded magnets.
Daido Electronics (Daido Steel Group): A pioneer in high-performance compression molded magnets for the automotive sector.
TDK Corporation: Integration of advanced material science with electronic component manufacturing.
Shin-Etsu Chemical Co., Ltd.: A major player in high-purity rare earth magnets.
Vacuumschmelze (VAC) GmbH & Co. KG: Specializing in high-end magnetic solutions for European industrial and automotive markets.
Specialized & Regional Powerhouses:
Galaxy Magnets (Chengdu Galaxy): One of the world’s largest manufacturers of bonded NdFeB magnets.
Arnold Magnetic Technologies: Leading provider for the aerospace and defense sectors.
Dexter Magnetic Technologies: Focused on customized magnetic assembly and medical applications.
Earth Panda Advanced Magnetic Material: A significant Chinese player with integrated supply capabilities.
Zhejiang Yunsheng Co., Ltd.: Known for high-precision manufacturing and R&D.
MMC (Mitsubishi Materials Corporation): Focused on high-durability magnets for industrial applications.
SG Technologies: Experts in high-volume precision components for the European automotive industry.
Viona Magnetics: A key distributor and custom manufacturer for North American industrial markets.
Shougang Magnetic Materials: A major domestic supplier in the East Asian market.
Miniaturization: The relentless drive for smaller, lighter, and more powerful consumer gadgets is increasing the demand for injection-molded bonded magnets.
The "Cobalt-Free" and "Heavy Rare Earth-Free" Movement: R&D is focused on reducing the reliance on volatilely priced heavy rare earths like Dysprosium.
Sustainability & Recycling: Increasing focus on "Urban Mining"—reclaiming NdFeB material from end-of-life electronics to create a circular economy.
Additive Manufacturing (3D Printing): Emerging technology allowing for the 3D printing of bonded magnets, eliminating the need for expensive molds and enabling rapid prototyping.
1. Market Overview of Bonded NdFeB Magnet
1.1 Bonded NdFeB Magnet Market Overview
1.1.1 Bonded NdFeB Magnet Product Scope
1.1.2 Market Status and Outlook
1.2 Bonded NdFeB Magnet Market Size by Regions:
1.3 Bonded NdFeB Magnet Historic Market Size by Regions
1.4 Bonded NdFeB Magnet Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Bonded NdFeB Magnet Sales Market by Type
2.1 Global Bonded NdFeB Magnet Historic Market Size by Type
2.2 Global Bonded NdFeB Magnet Forecasted Market Size by Type
2.3 Zinc Coating
2.4 Nickel Coating
2.5 Au Coating
2.6 Epoxy Sealing
2.7 Others
3. Covid-19 Impact Bonded NdFeB Magnet Sales Market by Application
3.1 Global Bonded NdFeB Magnet Historic Market Size by Application
3.2 Global Bonded NdFeB Magnet Forecasted Market Size by Application
3.3 Electro-acoustic Field
3.4 Electronic Appliances
3.5 Motor Areas
3.6 Health Care
3.7 Aerospace
3.8 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Bonded NdFeB Magnet Production Capacity Market Share by Manufacturers
4.2 Global Bonded NdFeB Magnet Revenue Market Share by Manufacturers
4.3 Global Bonded NdFeB Magnet Average Price by Manufacturers
5. Company Profiles and Key Figures in Bonded NdFeB Magnet Business
5.1 Galaxy Magnets
5.1.1 Galaxy Magnets Company Profile
5.1.2 Galaxy Magnets Bonded NdFeB Magnet Product Specification
5.1.3 Galaxy Magnets Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.2 VACUUMSCHMELZE GmbHandCo. KG
5.2.1 VACUUMSCHMELZE GmbHandCo. KG Company Profile
5.2.2 VACUUMSCHMELZE GmbHandCo. KG Bonded NdFeB Magnet Product Specification
5.2.3 VACUUMSCHMELZE GmbHandCo. KG Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.3 MMC
5.3.1 MMC Company Profile
5.3.2 MMC Bonded NdFeB Magnet Product Specification
5.3.3 MMC Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.4 Earth Panda
5.4.1 Earth Panda Company Profile
5.4.2 Earth Panda Bonded NdFeB Magnet Product Specification
5.4.3 Earth Panda Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.5 SG Technologies
5.5.1 SG Technologies Company Profile
5.5.2 SG Technologies Bonded NdFeB Magnet Product Specification
5.5.3 SG Technologies Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.6 Yunsheng
5.6.1 Yunsheng Company Profile
5.6.2 Yunsheng Bonded NdFeB Magnet Product Specification
5.6.3 Yunsheng Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.7 Dexter Magnetics
5.7.1 Dexter Magnetics Company Profile
5.7.2 Dexter Magnetics Bonded NdFeB Magnet Product Specification
5.7.3 Dexter Magnetics Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.8 Shougang
5.8.1 Shougang Company Profile
5.8.2 Shougang Bonded NdFeB Magnet Product Specification
5.8.3 Shougang Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
5.9 Viona Magnetics
5.9.1 Viona Magnetics Company Profile
5.9.2 Viona Magnetics Bonded NdFeB Magnet Product Specification
5.9.3 Viona Magnetics Bonded NdFeB Magnet Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Bonded NdFeB Magnet Market Size
6.2 North America Bonded NdFeB Magnet Key Players in North America
6.3 North America Bonded NdFeB Magnet Market Size by Type
6.4 North America Bonded NdFeB Magnet Market Size by Application
7. East Asia
7.1 East Asia Bonded NdFeB Magnet Market Size
7.2 East Asia Bonded NdFeB Magnet Key Players in North America
7.3 East Asia Bonded NdFeB Magnet Market Size by Type
7.4 East Asia Bonded NdFeB Magnet Market Size by Application
8. Europe
8.1 Europe Bonded NdFeB Magnet Market Size
8.2 Europe Bonded NdFeB Magnet Key Players in North America
8.3 Europe Bonded NdFeB Magnet Market Size by Type
8.4 Europe Bonded NdFeB Magnet Market Size by Application
9. South Asia
9.1 South Asia Bonded NdFeB Magnet Market Size
9.2 South Asia Bonded NdFeB Magnet Key Players in North America
9.3 South Asia Bonded NdFeB Magnet Market Size by Type
9.4 South Asia Bonded NdFeB Magnet Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Bonded NdFeB Magnet Market Size
10.2 Southeast Asia Bonded NdFeB Magnet Key Players in North America
10.3 Southeast Asia Bonded NdFeB Magnet Market Size by Type
10.4 Southeast Asia Bonded NdFeB Magnet Market Size by Application
11. Middle East
11.1 Middle East Bonded NdFeB Magnet Market Size
11.2 Middle East Bonded NdFeB Magnet Key Players in North America
11.3 Middle East Bonded NdFeB Magnet Market Size by Type
11.4 Middle East Bonded NdFeB Magnet Market Size by Application
12. Africa
12.1 Africa Bonded NdFeB Magnet Market Size
12.2 Africa Bonded NdFeB Magnet Key Players in North America
12.3 Africa Bonded NdFeB Magnet Market Size by Type
12.4 Africa Bonded NdFeB Magnet Market Size by Application
13. Oceania
13.1 Oceania Bonded NdFeB Magnet Market Size
13.2 Oceania Bonded NdFeB Magnet Key Players in North America
13.3 Oceania Bonded NdFeB Magnet Market Size by Type
13.4 Oceania Bonded NdFeB Magnet Market Size by Application
14. South America
14.1 South America Bonded NdFeB Magnet Market Size
14.2 South America Bonded NdFeB Magnet Key Players in North America
14.3 South America Bonded NdFeB Magnet Market Size by Type
14.4 South America Bonded NdFeB Magnet Market Size by Application
15. Rest of the World
15.1 Rest of the World Bonded NdFeB Magnet Market Size
15.2 Rest of the World Bonded NdFeB Magnet Key Players in North America
15.3 Rest of the World Bonded NdFeB Magnet Market Size by Type
15.4 Rest of the World Bonded NdFeB Magnet Market Size by Application
16 Bonded NdFeB Magnet Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
The market features a mix of vertically integrated rare-earth giants and specialized precision-magnet manufacturers.
Global Leaders:
Neo Performance Materials (Magnequench): The undisputed global leader in the production of magnetic powders for bonded magnets.
Daido Electronics (Daido Steel Group): A pioneer in high-performance compression molded magnets for the automotive sector.
TDK Corporation: Integration of advanced material science with electronic component manufacturing.
Shin-Etsu Chemical Co., Ltd.: A major player in high-purity rare earth magnets.
Vacuumschmelze (VAC) GmbH & Co. KG: Specializing in high-end magnetic solutions for European industrial and automotive markets.
Specialized & Regional Powerhouses:
Galaxy Magnets (Chengdu Galaxy): One of the world’s largest manufacturers of bonded NdFeB magnets.
Arnold Magnetic Technologies: Leading provider for the aerospace and defense sectors.
Dexter Magnetic Technologies: Focused on customized magnetic assembly and medical applications.
Earth Panda Advanced Magnetic Material: A significant Chinese player with integrated supply capabilities.
Zhejiang Yunsheng Co., Ltd.: Known for high-precision manufacturing and R&D.
MMC (Mitsubishi Materials Corporation): Focused on high-durability magnets for industrial applications.
SG Technologies: Experts in high-volume precision components for the European automotive industry.
Viona Magnetics: A key distributor and custom manufacturer for North American industrial markets.
Shougang Magnetic Materials: A major domestic supplier in the East Asian market.
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