The market for magneto-rheological (MR) fluids is expected to grow in the coming years due to increasing demand in various applications such as automotive, aerospace, industrial, and biomedical. MR fluids are a type of smart fluid that changes its viscosity when a magnetic field is applied. This property makes them useful in applications such as dampers, clutches, and brakes. Key players in the market include Lord Corporation, Rheonics, and HYDAC International. Factors driving market growth include increasing investment in research and development, and advancements in materials and manufacturing processes. However, the high cost of MR fluids and a lack of standardization in the manufacturing process may hinder market growth.
Global demand for magneto-rheological fluids is currently worth US$ 1.5 billion and is expected to reach US$ 7.5 billion by the end of 2032. Over the next 10 years, the worldwide magneto-rheological fluids (MRF) market is expected to grow at an 18% CAGR.
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Segments of Magneto Rheological Fluids Industry Research
- By Base Fluid :
- Silicon Oils
- Mineral Oils
- Synthetic Hydrocarbon Oils
- Paraffin Oils
- Hydraulic Oils
- Water
- Others
- By Application :
- Automotive
- Aerospace
- Building & Construction
- Military & Defense
- Optics
- Electrical & Electronics
- Medical & Prosthetics
- Robotics
- Other Industries
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Key Companies Profiled
- QED Technologies
- CK Materials Lab Co. Ltd.
- ArProDEC
- Liquid Research Limited
- MRF-ENGINEERING
- Kolektor Group
- KURIMOTO Ltd.
- Liquids Research Limited
- Ioniqa Technologies
- Akebono Brake Industry Co. Ltd.
- Lord Corporation
- Arus MR Tech
- Industrial Metal Powders (India) Pvt. Ltd.
- Anton Paar GmbH
Competitive Landscape
Aequita, a German manufacturing business, announced plans to buy ZF Friedrichshafen AG’s electronic interfaces product line in March 2022. The business intends to acquire and realize the potential of actuator technology incorporating magnetorheological fluids for haptic control.
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