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    Magnet Companies

    ID: MRFR/CnM/19184-CR
    200 Pages
    Chitranshi Jaiswal
    July 2025

    Magnet companies specialize in the design, manufacturing, and distribution of magnets and magnetic assemblies for a wide range of applications, including automotive, electronics, renewable energy, and healthcare. These companies offer various types of magnets, such as neodymium, ferrite, and samarium cobalt, with different magnetic strengths and temperature resistance properties. They also provide custom magnetization and assembly services to meet the unique requirements of their clients' applications.

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    Magnet Market Research Report — Global Forecast till 2035 Infographic
    Summary Table of Contents Segmentation Download PDF

    Top Industry Leaders in the Magnet Market

    Magnet Key Companies

    Magnet Market


    The Magnet market is booming with increasing applications in various industries like automotive, electronics, and healthcare. Technological advancements and the rising demand for energy-efficient solutions are fueling market growth.


    Strategies:





      • Product Innovation: Leading companies are constantly innovating to develop magnets with improved strength, heat resistance, and weight reduction for specific applications.


      • Geographic Expansion: Major players are establishing production facilities in strategic locations, particularly Asia-Pacific, to cater to the growing regional demand.


      • Mergers & Acquisitions: Consolidation is a trend, with companies acquiring smaller players to gain access to technology, resources, and market share.


      • Focus on Sustainability: Sustainable sourcing of raw materials and environment-friendly production practices are gaining importance as eco-consciousness grows.



    Factors for Market Share:





      • Production Capacity and Cost Efficiency: Companies with large-scale production capabilities and efficient manufacturing processes can offer competitive pricing.


      • Product Portfolio and Quality: A diverse product portfolio catering to various applications and a reputation for high-quality magnets are crucial for market share.


      • Customer Service and After-Sales Support: Responsive customer service and reliable after-sales support build trust and encourage repeat business.


      • Brand Recognition: Established brands with a strong reputation for quality and reliability have a significant advantage.



    Key Companies in the Magnet Market includes



    • TDK Corporation

    • PROTERIAL, Ltd.

    • Shin-Etsu Chemical Co., Ltd

    • Adams Magnetic Products Co

    • Others


     


    Recent Developments




    • August 2023: Magnequench, a leading producer of neodymium-iron-boron (NdFeB) magnets, announced a significant expansion of its manufacturing facility in China to cater to the growing demand for EVs in the region


    • September 2023: Hitachi Metals, a prominent Japanese magnet manufacturer, unveiled a new generation of high-performance SmCo magnets specifically designed for high-temperature applications in aerospace and industrial motors


    • October 2023: Concerns regarding the supply chain disruption of rare earth elements, crucial for NdFeB magnets, surfaced due to geopolitical tensions. This led to a temporary price hike for these magnets


    • November 2023: Several magnet companies, including Arnold Magnetic Technologies and Electron Energy Corporation, showcased their latest innovations in magnet technology at the CTI (China Hi-Tech Fair) magnetics exhibition, highlighting advancements in miniaturization and efficiency


    • In January 2023, VAC concluded a contract with the American car manufacturer General Motors for the construction of a facility for the production of permanent magnets in North America using domestic raw materials. The product would be used in the manufacture of electric motors supplied to GM automobiles.


    • In April 2021, TimkenSteel Corp. executed a sale transaction with Daido Steel (Shanghai) for the purchase of TimkenSteel (Shanghai) Corporation Limited (TSS) subsidiary operations in China for around US$ 7 million in cash with the intent of disposal.