The most critical factor is the magnetic grade, which determines the strength (Maximum Energy Product). For Neodymium (NdFeB) bar magnets, grades typically range from N35 to N52; higher numbers indicate stronger magnetic pull. If your application involves high temperatures, you must specify heat-resistant grades like N42SH or N38UH, which can withstand temperatures up to 150°C-180°C without permanent demagnetization. For cost-effective, corrosion-resistant options, Ferrite (Ceramic) magnets are suitable, though they offer significantly lower magnetic density.