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“Global Magneto Rheological Fluid Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global magneto rheological fluid market report has been segmented on the basis of base fluid, application, and region.
Magneto rheological fluid is a non-colloidal mixture of ferromagnetic particles randomly dispersed in oil or water, along with surfactants used to avoid the settling of suspended particles. MR fluid, when subjected to magnetic field, quickly increases its apparent viscosity and becomes a viscoelastic solid. It is also known as smart and controllable fluid. MR fluid changes back to its original liquid state when the magnetic field is removed. These properties are highly useful in applications such as damping and braking and clutching systems
Increasing magneto rheological fluid product usage in various sectors, such as robotics, automotive, electrical and electronics, aerospace, and optics is a major factor driving growth of the global magneto rheological fluid market. In addition, increasing automotive sale in developed and developing countries, coupled with increasing adoption of fluid-based suspension systems by manufacturers are some other factors expected to support growth of the global market to certain extent.
Moreover, increasing automation approach among manufacturers, rising demand for robots, and increasing use of magneto rheological fluid in robotics in damping and braking systems are some other factors expected to support growth of the global market to certain extent. In addition, wide applicability of MR fluids in various end use industries such as construction and medical is another factor expected to further support growth of the global market.
However, high cost of magneto rheological fluid is a major factor expected to limit growth of the global magneto rheological fluid market to certain extent.
Technological advancements and increasing investment for R&D activities by major players is expected to create various opportunities in terms of revenue for players operating in the target market over the forecast period.
The market in North America is expected to dominate the global magneto rheological fluid market and is expected to continue its dominance over the forecast period. The dominance can be attributed to well-developed infrastructure, increasing automation approach by manufacturers, and presence of major players operating in the countries in this region. In addition, growing merger and acquisition activities among region and international players is another factor expected to support further growth of the market in this region to certain extent. The market in Asia Pacific is expected to witness faster growth, owing wide applicability of MR fluids in automotive and aerospace sector, and presence of prominent players operating in emerging economies such as India and China in this region. The market in Europe is expected to contribute significant revenue share in the global market over the forecast period.
Global Magneto Rheological Fluid Market Segmentation:
By Base Fluid:
- Silicon Oil
- Mineral Oil
- Synthetic Hydrocarbon Oil
- Paraffin Oil
- Hydraulic Oil
- Building & Construction
- Military & Defense
- Electrical & Electronics
- Medical & Prosthetics
- North America
- Asia Pacific
- Latin America
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Kolektor Group d.o.o.
- MRF Engineering,
- QED Technologies International, Inc.
- Ioniqa Technologies BV
- Liquids Research Limited
- CK Materials Lab
- Metal Powder Industries Federation
- ARUS MR TECH.
- Lord Corporation
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