Market Overview:
The global magneto rheological fluid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for MR fluids in various applications, such as automotive, aerospace, building & construction, military & defense, optics, electrical & electronics and medical & prosthetics. In addition, the growing demand for robotics is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing MR fluids may restrain the growth of this market during the forecast period.
Product Definition:
A Magneto Rheological Fluid (MRF) is a type of smart fluid that changes its viscosity in the presence of a magnetic field. This makes it an ideal material for use in dampers, clutches and other devices where instantaneous response to changing forces is required. MRFs can also be used to create "smart" materials that change their properties in response to environmental factors such as temperature or pressure.
Silicon Oil:
Silicon oil is a type of mineral oil which has been processed to remove impurities. It consists of one or more silicone molecules and is produced from crude oil by the process of hydrogenation. Silicon oils are used in various applications such as greases, lubricants, hydraulic fluids and metal working fluids (MWF). They offer unique properties such as low volatility along with high flash points making them ideal for various industrial applications.
Mineral Oil:
Mineral oil is a colorless, tasteless, odorless liquid that is extracted from various sources including coal tar and petroleum. It has high flash points ranging from 120-130 °C and low viscosity ranging between 0.8-1.2 cP at room temperature.
Application Insights:
The automotive segment is expected to emerge as the fastest-growing application segment over the forecast period. The growth can be attributed to increasing use of MLU in various vehicles, such as engine oil, transmission fluids, brake fluids and coolants among others. In addition, magneto rheological fluid acts as a natural cooling medium for high power electronic components used in automobiles which further propels its demand.
Aerospace is another key application sector owing to its growing use in hydraulic systems that are used for controlling aircraft surfaces including control surfaces like flaps and ailerons along with actuation systems like spoilers and tabards. MLU has wide applications across different segments of aerospace industry including airframe & structure maintenance; thermal management; actuation & controls; lubrication & sealing; bearings & joints corrosion prevention and heat transfer enhancement etc., thereby propelling market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major companies such as ExxonMobil, Shell Oil, and Chevron. The U.S. is one of the largest consumers of magneto rheological fluids due to their extensive use in various industries including automotive and aerospace for reducing engine oil consumption, hydraulic fluid leakage reduction, component cooling efficiency enhancement etc.
Asia Pacific is anticipated to witness significant growth over a CAGR exceeding 6% from 2018 to 2030 owing high product demand from key industries including automotive.
Growth Factors:
- Increasing demand for MR fluids in automotive and aerospace industries for vibration and noise control
- Growing popularity of MR fluid-based smart materials in manufacturing and construction industries
- Rising demand from emerging economies for efficient energy storage systems
- Proliferation of new applications for MR fluids in medical, defense, and other sectors
- Technological advancements that improve the performance of MR fluids
Scope Of The Report
Report Attributes
Report Details
Report Title
Magneto Rheological Fluid Market Research Report
By Type
Silicon Oil, Mineral Oil, Synthetic Hydrocarbon Oil, Paraffin Oil, Hydraulic Oil, Water, Others
By Application
Automotive, Aerospace, Building & Construction, Military & Defense, Optics, Electrical & Electronics, Medical & Prosthetics, Robotics, Others
By Companies
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
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Magneto Rheological Fluid Market Report Segments:
The global Magneto Rheological Fluid market is segmented on the basis of:
Types
Silicon Oil, Mineral Oil, Synthetic Hydrocarbon Oil, Paraffin Oil, Hydraulic Oil, Water, 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, Aerospace, Building & Construction, Military & Defense, Optics, Electrical & Electronics, Medical & Prosthetics, 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
- Liquids Research Limited
- QED Technologies International, Inc.
- Ioniqa Technologies
- Industrial Metal Powders (I) Pvt. Ltd.
- CK Materials Lab
- ArProDEC
- MRF Engineering LLC
- Kolektor Group
Highlights of The Magneto Rheological Fluid 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
- Synthetic Hydrocarbon Oil
- Paraffin Oil
- Hydraulic Oil
- Water
- Others
- By Application:
- Automotive
- Aerospace
- Building & Construction
- Military & Defense
- Optics
- Electrical & Electronics
- Medical & Prosthetics
- 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 Magneto Rheological Fluid 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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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?
Magneto Rheological Fluid is a type of fluid that exhibits strong magnetic properties. These fluids are often used in industrial applications, such as in the production of hard drives and other electronic components.
Some of the major companies in the magneto rheological fluid market are 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.
The magneto rheological fluid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magneto Rheological Fluid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magneto Rheological Fluid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magneto Rheological Fluid Market - Supply Chain
4.5. Global Magneto Rheological Fluid Market Forecast
4.5.1. Magneto Rheological Fluid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magneto Rheological Fluid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magneto Rheological Fluid Market Absolute $ Opportunity
5. Global Magneto Rheological Fluid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magneto Rheological Fluid Market Size and Volume Forecast by Type
5.3.1. Silicon Oil
5.3.2. Mineral Oil
5.3.3. Synthetic Hydrocarbon Oil
5.3.4. Paraffin Oil
5.3.5. Hydraulic Oil
5.3.6. Water
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magneto Rheological Fluid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magneto Rheological Fluid Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Building & Construction
6.3.4. Military & Defense
6.3.5. Optics
6.3.6. Electrical & Electronics
6.3.7. Medical & Prosthetics
6.3.8. Robotics
6.3.9. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magneto Rheological Fluid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magneto Rheological Fluid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magneto Rheological Fluid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magneto Rheological Fluid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magneto Rheological Fluid Demand Share Forecast, 2019-2029
9. North America Magneto Rheological Fluid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magneto Rheological Fluid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magneto Rheological Fluid Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Building & Construction
9.4.4. Military & Defense
9.4.5. Optics
9.4.6. Electrical & Electronics
9.4.7. Medical & Prosthetics
9.4.8. Robotics
9.4.9. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magneto Rheological Fluid Market Size and Volume Forecast by Type
9.7.1. Silicon Oil
9.7.2. Mineral Oil
9.7.3. Synthetic Hydrocarbon Oil
9.7.4. Paraffin Oil
9.7.5. Hydraulic Oil
9.7.6. Water
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magneto Rheological Fluid Demand Share Forecast, 2019-2029
10. Latin America Magneto Rheological Fluid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magneto Rheological Fluid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magneto Rheological Fluid Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Building & Construction
10.4.4. Military & Defense
10.4.5. Optics
10.4.6. Electrical & Electronics
10.4.7. Medical & Prosthetics
10.4.8. Robotics
10.4.9. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magneto Rheological Fluid Market Size and Volume Forecast by Type
10.7.1. Silicon Oil
10.7.2. Mineral Oil
10.7.3. Synthetic Hydrocarbon Oil
10.7.4. Paraffin Oil
10.7.5. Hydraulic Oil
10.7.6. Water
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magneto Rheological Fluid Demand Share Forecast, 2019-2029
11. Europe Magneto Rheological Fluid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magneto Rheological Fluid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magneto Rheological Fluid Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Building & Construction
11.4.4. Military & Defense
11.4.5. Optics
11.4.6. Electrical & Electronics
11.4.7. Medical & Prosthetics
11.4.8. Robotics
11.4.9. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magneto Rheological Fluid Market Size and Volume Forecast by Type
11.7.1. Silicon Oil
11.7.2. Mineral Oil
11.7.3. Synthetic Hydrocarbon Oil
11.7.4. Paraffin Oil
11.7.5. Hydraulic Oil
11.7.6. Water
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magneto Rheological Fluid Demand Share, 2019-2029
12. Asia Pacific Magneto Rheological Fluid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magneto Rheological Fluid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magneto Rheological Fluid Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Building & Construction
12.4.4. Military & Defense
12.4.5. Optics
12.4.6. Electrical & Electronics
12.4.7. Medical & Prosthetics
12.4.8. Robotics
12.4.9. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magneto Rheological Fluid Market Size and Volume Forecast by Type
12.7.1. Silicon Oil
12.7.2. Mineral Oil
12.7.3. Synthetic Hydrocarbon Oil
12.7.4. Paraffin Oil
12.7.5. Hydraulic Oil
12.7.6. Water
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magneto Rheological Fluid Demand Share, 2019-2029
13. Middle East & Africa Magneto Rheological Fluid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magneto Rheological Fluid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magneto Rheological Fluid Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Building & Construction
13.4.4. Military & Defense
13.4.5. Optics
13.4.6. Electrical & Electronics
13.4.7. Medical & Prosthetics
13.4.8. Robotics
13.4.9. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magneto Rheological Fluid Market Size and Volume Forecast by Type
13.7.1. Silicon Oil
13.7.2. Mineral Oil
13.7.3. Synthetic Hydrocarbon Oil
13.7.4. Paraffin Oil
13.7.5. Hydraulic Oil
13.7.6. Water
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magneto Rheological Fluid Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magneto Rheological Fluid Market: Market Share Analysis
14.2. Magneto Rheological Fluid Distributors and Customers
14.3. Magneto Rheological Fluid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lord Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arus MR Tech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Liquids Research Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. QED Technologies International, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ioniqa Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Industrial Metal Powders (I) Pvt. Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CK Materials Lab
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ArProDEC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MRF Engineering LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kolektor Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPA
