Prof Research published a new report on the Magnets market. It presents the largest 18 manufacturers in the Magnets Market. The report is a professional and in-depth study of the current state of the global magnet market. The report provides key statistics on the market of Magnets. It is a valuable source of guidance and direction for companies and individuals interested in the Magnets industry.

The global Magnets market was valued to be 34,775 million USD in 2023. The Magnets production value is anticipated to grow at a CAGR of 1.69% in the coming years to reach 38,456 million USD in 2029.

Zhongke Sanhuan is the largest manufacturer of Magnets in the world, and it has a market share of 3.5% in value. Beijing Zhong Ke San Huan High-Tech Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of rare-earth permanent magnets, new magnetic materials and the application products. The Company’s main products are electronic components made from Nd-Fe-B permanent magnets.

JL MAG is the second largest manufacturer of Magnets, and it has a market share of 2.2% in value. JL MAG Rare-Earth Co Ltd is a China-based company mainly engaged in the production of high-performance rare earth permanent magnet materials. The Company focuses on the research and development, production and sales of high-performance Nd-Fe-B permanent magnet materials used in the global new energy, energy saving and environmental protection fields.

Yantai Zhenghai is the third largest manufacturer of Magnets, and it has a market share of 2.1% in value. Yantai Zhenghai Magnetic Material Co., Ltd. is a China-based company principally involved in the manufacture of high-performance neodymium-ferrite-boron permanent magnet materials and research, and development of new energy vehicle motor derive systems. The Company operates through two main segments: Neodymium-ferrite-boron Permanent Magnet Materials and New Energy Automobile Motor Drive Systems.

Proterial is the fourth largest manufacturer of Magnets, and it has a market share of 2.1% in value. Proterial, Ltd., formerly Hitachi Metals, Ltd., is a manufacturer of iron and metals, producing high-grade special steel and various types of magnets. The company operates through three segments namely, Advanced Metals, Advanced Components & Materials, and Others.