The Magneto Rheological Fluid market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Magneto rheological fluid (MR fluid or MRF) can be defined as smart and controllable fluid. It 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. Similarly, 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.
MR fluid was first used in the automotive industry for damping and braking and clutching systems. Currently, several vehicle platforms such as the Cadillac and Corvette employ MR-based suspension systems. Nearly half of all automotive dampers are expected to use MR fluid in the next 15 to 20 years
s the report focuses on global Magneto Rheological Fluid market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
The key players covered in this study
Lord Corporation
Arus MR Tech
Liquids Research Limited
QED Technologies International, Inc.
Ioniqa Technologies
Industrial Metal Powders (I) Pvt. Ltd.
CK Materials Lab
ArProDEC
MRF Engineering LLC
Kolektor Group
Market Segment by Product Type
Silicon Oil
Mineral Oil
Synthetic Hydrocarbon Oil
Paraffin Oil
Hydraulic Oil
Water
Others
Market Segment by Application
Automotive
Aerospace
Building & Construction
Military & Defense
Optics
Electrical & Electronics
Medical & Prosthetics
Robotics
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Magneto Rheological Fluid market for the forecast period 2020 - 2025?
• What are the driving forces in the Magneto Rheological Fluid market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Magneto Rheological Fluid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?