Overview Of Neodymium Magnet Manufacturers&Global Market

Neodymium magnet, or NdFeB permanent magnet, is made of a compound of neodymium, boron and iron. Like all rare earth magnets, neodymium magnets are particularly resistant to demagnetization, and they have a larger strength to size ratio than other magnets.

Neodymium magnets outperform samarium cobalt magnets in cost and strength, and as a result, neodymium magnets are used more frequently in numerous applications.

A key factor for magnets to perform a variety of functions is to have magnetic permanence, or their ability to maintain magnetism in the presence of heat, electric fields, corrosion and vibration.

Applications where magnetic permanence is critical involve medical, automotive and industrial equipment.

This blog provides a list of the top neodymium magnet manufacturers and suppliers in the world. We hope it will help you find neodymium magnet companies that can design, engineer and manufacture NdFeB magnets to your company's needs.

• Adams Magnetic Products

• Master Magnetics

• Arnold Magnetic Technologies

• Hitachi Metals

• Bestway Magnet

(Listed in no particular order of priority)

Adams Magnetic Products

Founded in 1950 and headquartered in Illinois, United States, Adams Magnetic Products is a leader in engineering and manufacturing permanent neodymium magnets. Back in 1950, it produced the first round-based magnet assembly, which is still a top seller today.

Adams Magnetic Products offers a wide selection of neodymium magnet products including neodymium block magnets, neodymium disc magnets, neodymium ring magnets and TabMAG® neodymium magnets with adhesive.

Master Magnetics

Founded in 1976 in Castle Rock, Colorado, Master Magnetics is a professional neodymium magnet manufacturer, specialising in the production and distribution of magnets and magnetic devices for commercial, industrial and consumer use.

Master Magnetics has extensive inventory and warehousing capabilities (over 20 million magnets in stock) and their 99,000 square foot headquarters is home to its main operations and distribution center.

Arnold Magnetic Technologies

Founded in 1895, Arnold is an innovative manufacturer of industrial permanent magnets based in New York, USA. It is a leading manufacturer of high-performance permanent magnets, flexible composites, electromagnets, magnetic assemblies and precision thin metal foils.

Arnold's high-performance NdFeB permanent magnets have a wide variety of applications, from electric motors on ships, aircraft, and motorsport cars to pump couplings, batteries, solar panels and NMR Equipment.

Hitachi Metals

Established in 1956 and headquartered in Japan, Hitachi Metals, one of the leading suppliers of magnetic materials, has a wide range of magnet products, including NdFeB magnets and ferrite magnets.

Hitachi Metals offers magnetic products in a wide range of fields, including automotive, electronics and household appliances. The company takes up the challenge of new materials and production technologies to meet the diverse needs of its customers and to contribute to the creation of a more energy-efficient society.

Bestway Magnet

Founded in 2000 and located in Ningbo, China, Bestway Magnet is a professional manufacturer of rare earth magnets, Bestway Magnet specializes in the production of a wide range of magnets, including sintered NdFeB magnets, as well as magnetic machinery and assemblies.

Bestway Magnet NdFeB magnets are available in several different sizes and variations, including disc magnets, neodymium ball magnets, NdFeB blocks, neodymium ring magnets, neodymium arc magnets, and countersunk hole magnets. Most of their magnets are exported to different countries around the world, such as Russia, Germany, USA, Brazil, and Japan.

Overview of the global neodymium magnets market

The demand for automobiles is expanding in large economies such as China, India and Japan. Thus, the booming automotive industry in the region is driving the neodymium magnets market. India, China, Japan, and Indonesia are among the main contributors to the growth in the region.

With the expansion of automotive industry, the demand for permanent magnets is also increasing. Permanent magnets are increasingly being used in the automotive sector for hybrid electric vehicles.

Based on geography, the global neodymium magnet market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the largest driver of this market due to China's tremendous advancement in electronics, with a revenue share of over 85.0% in 2020.

Easy availability of raw materials, electric vehicles, large electronics, and medical device manufacturers have helped the country to boost the growth of the market.

Moreover, due to the surge in demand from the manufacturing sector, guidelines from different governments in the Asia Pacific region and other developing markets are expected to further drive the neodymium magnets market. North America and Europe are also experiencing steady growth and are expected to continue the same trend during the forecast period.