Market Overview:
The global magnetorheological fluid and ferrofluids market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnetorheological fluids and ferrofluids in damping, sealing, precision polishing and mechanical power transmission, life sciences, loudspeaker audio applications, among others. Additionally, the growing demand for these fluids from emerging economies is also contributing to the growth of this market.
Product Definition:
A magnetorheological fluid (MR fluid) is a type of smart fluid consisting of micrometre-sized ferromagnetic particles suspended in a carrier liquid. When subjected to a magnetic field, the particles orientate themselves so that their long axes are parallel to the field. This creates an internal friction within the fluid which resists shear forces.
Magnetorheological Fluids:
Magnetorheological fluids are a class of synthetic lubricants that possess the ability to change shape when exposed to magnetic fields. Magnetorheological fluids have applications in various sectors such as automotive, aerospace, industrial machinery and equipment among others. The global market for magnetorheological fluids is still in its nascent stage with significant growth potential.
Ferrofluids:
Ferrofluids are used as magnetic fluids in magnetorheological fluids and ferrofluids. They are also used as additives for lubricating oils to improve their properties such as anti-wear, corrosion resistance, thermal stability and high viscosity index.
The global market is expected to grow at a significant rate owing to the increasing demand from end-use industries including automotive & transportation, construction equipment industry and wind energy among others.
Application Insights:
Damping was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Damping fluids are used in various industries including automotive, aerospace and defense on account of their benefits such as high damping ratio, low viscosity and excellent thermal stability. In addition, magnetorheological fluids with superior magnetic properties are preferred for use as damping agents owing to their ability to control magnetic fields generated by ferrite magnets. This trend is expected to drive demand for magnetorheological fluid & ferrofluids over the coming years.
Sealing is another key application area where M&F act as a protective layer between components or surfaces that come into contact with each other thereby preventing leakage of substances through gaps or spaces between them.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing use of magnetorheological fluids in various applications such as precision polishing and mechanical power transmission. Moreover, presence of key players such as Cooper Industries, Inc.; Nippon Paint Holdings Co., Ltd.; and Toyota Tsusho Corporation is expected to propel industry expansion over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising product demand from automotive, electronics and other industries for reducing operating noise levels generated by machines or tools used during manufacturing processes. In addition, growing population coupled with rapid urbanization has led to increased demand for public transportation systems which will further drive Magnetorheological Fluid And Ferrofluids Market in Asia Pacific region over the forecast period.
Growth Factors:
- Increasing demand for MR fluids in automotive and aerospace industries due to their superior damping and shock absorption properties.
- Growing popularity of ferrofluids in medical applications such as drug delivery, tissue engineering, and magnetic resonance imaging (MRI).
- Rising demand for ferrofluids from the electronics industry for use in loudspeakers, sensors, and transformers.
- increasing research activities on novel applications of MR fluids and ferrofluids across different industries.
- Technological advancements that have led to the development of new-generation MR fluids with better performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetorheological Fluid & Ferrofluids Market Research Report
By Type
Magnetorheological Fluids, Ferrofluids
By Application
Damping, Sealing, Precision Polishing And Mechanical Power Transmission, Life Sciences, Loudspeaker Audio
By Companies
Lord Corporation, Arus MR Tech, Liquids Research Limited, QED Technologies International, MRF Engineering, Kolektor Group, Ioniqa Technologies, CK Materials Lab, ArProDEC, Industrial Metal Powders
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Magnetorheological Fluid & Ferrofluids Market Report Segments:
The global Magnetorheological Fluid & Ferrofluids market is segmented on the basis of:
Types
Magnetorheological Fluids, Ferrofluids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Damping, Sealing, Precision Polishing And Mechanical Power Transmission, Life Sciences, Loudspeaker Audio
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lord Corporation
- Arus MR Tech
- Liquids Research Limited
- QED Technologies International
- MRF Engineering
- Kolektor Group
- Ioniqa Technologies
- CK Materials Lab
- ArProDEC
- Industrial Metal Powders
Highlights of The Magnetorheological Fluid & Ferrofluids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetorheological Fluids
- Ferrofluids
- By Application:
- Damping
- Sealing
- Precision Polishing And Mechanical Power Transmission
- Life Sciences
- Loudspeaker Audio
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetorheological Fluid & Ferrofluids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnetorheological fluids (MRFs) are a type of fluid that can be magnetized and have their viscosity controlled by an applied magnetic field. MRFs can be used in a variety of applications, such as oil and gas exploration, manufacturing, and biomedical devices. Ferrofluids are another type of MRF that is made up of small ferromagnetic particles suspended in a liquid medium. These fluids can exhibit strong interactions between the particles, which allows them to be controlled by an applied magnetic field.
Some of the major companies in the magnetorheological fluid & ferrofluids market are Lord Corporation, Arus MR Tech, Liquids Research Limited, QED Technologies International, MRF Engineering, Kolektor Group, Ioniqa Technologies, CK Materials Lab, ArProDEC, Industrial Metal Powders.
The magnetorheological fluid & ferrofluids market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetorheological Fluid & Ferrofluids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magnetorheological Fluid & Ferrofluids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetorheological Fluid & Ferrofluids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magnetorheological Fluid & Ferrofluids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magnetorheological Fluid & Ferrofluids Market Size & Forecast, 2018-2028
4.5.1 Magnetorheological Fluid & Ferrofluids Market Size and Y-o-Y Growth
4.5.2 Magnetorheological Fluid & Ferrofluids Market Absolute $ Opportunity
Chapter 5 Global Magnetorheological Fluid & Ferrofluids Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
5.2.1 Magnetorheological Fluids
5.2.2 Ferrofluids
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetorheological Fluid & Ferrofluids Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
6.2.1 Damping
6.2.2 Sealing
6.2.3 Precision Polishing And Mechanical Power Transmission
6.2.4 Life Sciences
6.2.5 Loudspeaker Audio
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetorheological Fluid & Ferrofluids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnetorheological Fluid & Ferrofluids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnetorheological Fluid & Ferrofluids Analysis and Forecast
9.1 Introduction
9.2 North America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
9.6.1 Magnetorheological Fluids
9.6.2 Ferrofluids
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
9.10.1 Damping
9.10.2 Sealing
9.10.3 Precision Polishing And Mechanical Power Transmission
9.10.4 Life Sciences
9.10.5 Loudspeaker Audio
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnetorheological Fluid & Ferrofluids Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetorheological Fluid & Ferrofluids Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
10.6.1 Magnetorheological Fluids
10.6.2 Ferrofluids
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
10.10.1 Damping
10.10.2 Sealing
10.10.3 Precision Polishing And Mechanical Power Transmission
10.10.4 Life Sciences
10.10.5 Loudspeaker Audio
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnetorheological Fluid & Ferrofluids Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetorheological Fluid & Ferrofluids Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
11.6.1 Magnetorheological Fluids
11.6.2 Ferrofluids
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
11.10.1 Damping
11.10.2 Sealing
11.10.3 Precision Polishing And Mechanical Power Transmission
11.10.4 Life Sciences
11.10.5 Loudspeaker Audio
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnetorheological Fluid & Ferrofluids Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
12.6.1 Magnetorheological Fluids
12.6.2 Ferrofluids
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
12.10.1 Damping
12.10.2 Sealing
12.10.3 Precision Polishing And Mechanical Power Transmission
12.10.4 Life Sciences
12.10.5 Loudspeaker Audio
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnetorheological Fluid & Ferrofluids Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetorheological Fluid & Ferrofluids Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnetorheological Fluid & Ferrofluids Market Size Forecast by Type
13.6.1 Magnetorheological Fluids
13.6.2 Ferrofluids
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnetorheological Fluid & Ferrofluids Market Size Forecast by Applications
13.10.1 Damping
13.10.2 Sealing
13.10.3 Precision Polishing And Mechanical Power Transmission
13.10.4 Life Sciences
13.10.5 Loudspeaker Audio
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnetorheological Fluid & Ferrofluids Market: Competitive Dashboard
14.2 Global Magnetorheological Fluid & Ferrofluids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lord Corporation
14.3.2 Arus MR Tech
14.3.3 Liquids Research Limited
14.3.4 QED Technologies International
14.3.5 MRF Engineering
14.3.6 Kolektor Group
14.3.7 Ioniqa Technologies
14.3.8 CK Materials Lab
14.3.9 ArProDEC
14.3.10 Industrial Metal Powders
