NdFeB bonded permanent magnet material is made by adding NdFeB magnetic powder to the adhesive. Since the successful development of this material in 1988, its development has been quite rapid and its production has increased exponentially. As a high-performance permanent magnet material, it conforms to the trend of modern electronic products in the direction of short term, small, light, and thin development. Compared with sintered magnets, it can be formed in one go without the need for secondary processing and can be made into various complex shaped magnets, which is also incomparable to sintered magnets. Its application can greatly reduce the volume and weight of the motor.

The production and application development of bonded neodymium iron boron permanent magnet materials were relatively late, with limited application scope and small usage. They are mainly used in office automation equipment, electrical installation machinery, audio-visual equipment, instruments and meters, small motors and measuring machinery, and are widely used in fields such as mobile phones, CD-ROM, DVD-ROM drive motors, hard disk spindle motors HDD, other micro and special DC motors, and automation instruments and meters. In recent years, the application proportion of bonded neodymium iron boron permanent magnet materials in China is 62% for computers, 7% for the electronic industry, 8% for office automation equipment, 7% for automobiles, 7% for appliances, and 9% for others.