Bonded magnets are manufactured using a combination of polymer resin and magnetic powder. Several processes are used for manufacture of bonded magnets such as calendaring, injection molding, extrusion, and compression bonding. Compressing bonding process is prominently used for manufacture of rare earth bonded magnets, whereas calendaring and injection molding is used for manufacture of plastic and rubber ferrite. These magnets can be manufactured in very complex shapes with high dimension accuracy. Bonded magnets find applications in several industries such as automotive, electronics, consumer electronics, electrical appliances, medical, and power generation.