Press release
Magneto Rheological Fluid Market By Base Fluid and Forecast 2018-2023: CK Materials Lab Co Ltd, Industrial Metal Powders (I) Pvt Ltd, Arus MR Tech, QED Technologies Inc, MRF Engineering LLC, Lord Corporation, ArProDEC, Liquids Research Ltd
The Magneto Rheological Fluid Market has encountered significant development in the recent years and is foreseen to grow tremendously over the forecast period. Magneto rheological fluid (MR liquid or MRF) can be characterized as controllable and smart fluid. It is a non-colloidal blend of ferromagnetic particles arbitrarily scattered in oil or water, alongside surfactants used to maintain a strategic distance from the settling of suspended particles. MR fluid rapidly builds its evident viscosity when subjected to magnetic field and turns into a viscoelastic solid fluid. The MR liquid changes back to its original fluid state when the magnetic field is evacuated. These properties are very valuable in applications, for example, damping and braking and clutching frameworks.
Competitive Insights
The major players in the market are CK Materials Lab Co Ltd, Industrial Metal Powders (I) Pvt Ltd, Arus MR Tech, QED Technologies Inc, MRF Engineering LLC, Lord Corporation, ArProDEC, Liquids Research Ltd and Kolektor Group d.o.o. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Drivers and Restraints
MR liquid was first used as a part of the car business for damping and braking and clutching systems. Presently, a few vehicle stages, for example, the Cadillac and Corvette made use of MR-based suspension systems. Almost 50% of every automotive damper is anticipated to utilize MR fluid in the following years. Besides, uses of MR liquid are being developed for utilization in an extensive variety of industries. For instance, MR fluid can be used as a part of damping systems in civil infrastructure projects and household appliances. It can likewise be used to ingest the effect of slugs in body protective layers in the military sector. MR fluid can be used in braking and damping, and clutching frameworks in robotics and medical & prosthetics ventures. It can also be used for the advancement of landing gears in the airplane industry.
Market Segmentation
The Magneto Rheological Fluid Market is segmented on the basis of Fluid and Applications. Based on Fluid the market is segmented into Mineral Oil, Paraffin Oil, Water, Silicon Oil, Synthetic Hydrocarbon Oil, Hydraulic Oil and others. Based on application the market is segmented into Aerospace, Military & Defence, Electrical & Electronics, Robotics, Automotive, Building & Construction, Optics, Medical & Prosthetics and Others.
Regional Outlook and Trend Analysis
Asia Pacific was the leading consumer of MR fluids in 2017. This pattern is foreseen to continue during the forecast period. Robots are progressively being used as a part of different enterprises, from warehousing and military to assembling and social insurance. Ascend in use of robots is probably going to help the usage of MR liquid amid the estimate time frame.
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The Magneto Rheological Fluid Market is segmented as follows-
By Fluid:
Mineral Oil
Paraffin Oil
Water
Silicon Oil
Synthetic Hydrocarbon Oil
Hydraulic Oil
Others
By Application:
Aerospace
Military & Defence
Electrical & Electronics
Robotics
Automotive
Building & Construction
Optics
Medical & Prosthetics
Others
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