Market Overview:
The global MR fluid 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 MR fluids in automotive and robotics applications. Silicon oil is the most commonly used type of MR fluid, followed by mineral oil and others. In terms of application, the automotive segment accounts for the majority share of the global MR fluid market, followed by robotics and others. North America dominates the global MR fluid market, followed by Europe, Asia Pacific and Latin America.
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Product Definition:
MR fluid is a type of viscous fluid, typically made of a hydrocarbon oil and water, which has been modified with a polymer. The primary benefit of MR fluids is their ability to change their viscosity on demand in response to an external magnetic field. This makes them very useful for damping or absorbing vibrations and shocks, as well as for other applications that require precise control over the flow of liquids.
Silicon oil:
Silicon oil is a type of mineral oil which has been treated to remove impurities. It is used as an insulating medium in magnetic fluid (MRF) storage tanks and for transportation of MRF in heaters and reactors. Silicon oils are also used as lubricants for the production of ferromagnetic fluids such as demagnetized liquid silicon, magnetron sputtering targets, etc.
Mineral oil:
Mineral oil is a colorless, tasteless, odorless liquid that is extracted from various sources including coal tar and shale. It has been used as an MR fluid (MRF) additive in the past but with recent technological advancements it can be used as an effective substitute for other additives such as surfactants or solvents. Mineral oil acts as a carrier for other ingredients to mix with tissue-repairing chemicals during the manufacturing process of medical devices.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. Automotive MRFs are used for lubrication of various components including engine, transmission, powertrain and drive train. The growing automotive industry across the globe is anticipated to have a positive impact on market growth.
The robotics segment held a significant share in 2016 owing to increasing demand from industrial robots used in manufacturing industries such as electronics, pharmaceuticals and food processing among others. These robots require precision machined parts with high-quality surfaces that are easy to clean, which makes MRF an ideal solution for cleaning robot parts without any damage caused by abrasive particles or fluids. Moreover, increasing investments by companies such as SAGEM Technologies (former Schneider Electric), ABB Ltd., KAIST Co., LTD., YASKAWA Europe GmbH & Co KGaA among others will fuel industry expansion further driving demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major industry participants and well-established automotive sector. The region is expected to maintain its dominance over the forecast period due to increasing demand for advanced driver assistance systems (ADAS) and passenger comfort systems.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising product demand from key industries including automotive, electronics, manufacturing, and others. In addition, growing robotics applications are also projected favorably impact regional growth. Europe accounted for a significant share in terms of revenue as well as volume in 2017 on account of high adoption levels of MR fluids across major countries such as Germany and France on account of favorable climatic conditions required minimal maintenance procedures after installation which further boosted product sales volumes within this region.
Growth Factors:
- Increasing demand from the medical sector for MRF products as they are non-toxic and biocompatible. This is expected to drive the market growth in the coming years.
- Growing awareness about the benefits of MRF products among consumers is also anticipated to fuel market growth over the forecast period.
- Rising number of research and development activities for new applications of MRF is projected to create lucrative opportunities for players operating in this market during the forecast period.
- The increasing use of magnetic resonance imaging (MRI) technology across hospitals and diagnostic centers is likely to propel demand for MRF products in near future, thereby propelling market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
MR Fluid (MRF) Market Research Report
By Type
Silicon oil, Mineral oil, Others
By Application
Automotive, Robotics, Others
By Companies
Lord Corporation, Arus MR Tech, Liquid Research Limited, QED Technologies, Industrial Metal Powders (India) Pvt. Ltd., CK Materials Lab Co., Ltd.
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global MR Fluid (MRF) Market Report Segments:
The global MR Fluid (MRF) market is segmented on the basis of:
Types
Silicon oil, Mineral oil, Others
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
Automotive, Robotics, Others
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
- Liquid Research Limited
- QED Technologies
- Industrial Metal Powders (India) Pvt. Ltd.
- CK Materials Lab Co., Ltd.
 Market Overview.svg)
Highlights of The MR Fluid (MRF) 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:
- Silicon oil
- Mineral oil
- Others
- By Application:
- Automotive
- Robotics
- Others
- 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 MR Fluid (MRF) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
MR Fluid is a medical device that helps to reduce the amount of fluid that accumulates in the lungs.
Some of the major players in the mr fluid (mrf) market are Lord Corporation, Arus MR Tech, Liquid Research Limited, QED Technologies, Industrial Metal Powders (India) Pvt. Ltd., CK Materials Lab Co., Ltd..
The mr fluid (mrf) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 MR Fluid (MRF) 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 MR Fluid (MRF) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 MR Fluid (MRF) 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 MR Fluid (MRF) 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 MR Fluid (MRF) Market Size & Forecast, 2020-2028
4.5.1 MR Fluid (MRF) Market Size and Y-o-Y Growth
4.5.2 MR Fluid (MRF) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Silicon oil
5.2.2 Mineral oil
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Robotics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global MR Fluid (MRF) 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 MR Fluid (MRF) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Silicon oil
9.6.2 Mineral oil
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Robotics
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Silicon oil
10.6.2 Mineral oil
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Robotics
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Silicon oil
11.6.2 Mineral oil
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Robotics
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Silicon oil
12.6.2 Mineral oil
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Robotics
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Silicon oil
13.6.2 Mineral oil
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Robotics
13.10.3 Others
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 MR Fluid (MRF) Market: Competitive Dashboard
14.2 Global MR Fluid (MRF) 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 Liquid Research Limited
14.3.4 QED Technologies
14.3.5 Industrial Metal Powders (India) Pvt. Ltd.
14.3.6 CK Materials Lab Co., Ltd.
