Press release
Magneto Rheological Fluid Market to reach US$ 4.3 Bn by 2027
Albany, NY - Magneto Rheological (MR) Fluid Market: IntroductionThe magneto rheological (MR) fluid market was valued at ~US$ 818 Mn in 2018 and is expected to expand at a CAGR of ~21% during the forecast period. Based on base fluid, the synthetic hydrocarbon oil segment held a dominant share of the magneto rheological (MR) fluid market in 2018. Synthetic hydrocarbon oil is an extensively used base fluid in magneto rheological fluids, due to its relatively eco-friendly nature and low viscosity & low vapor pressure.
In terms of application, the automotive segment accounted for a major share of the magneto rheological (MR) fluid market in 2018. Technological advancements in design of dampers to control vibration is anticipated to fuel the segment during the forecast period. Magneto-rheological fluid is employed in dampers to control the damping force. Magneto-rheological fluid offers the reliability of passive systems and the facility of active control systems with small power supply. The magneto rheological (MR) fluid market in Asia Pacific is likely to expand at a significant pace during the forecast period, owing to the growth in investments in the automotive sector.
Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24029
Key Drivers of Magneto Rheological (MR) Fluid Market
Magneto rheological fluid can be used in a wide range of industries other than the automotive industry. Magneto-rheological fluid can be used in damping systems employed in civil infrastructure projects such as bridges; body armors developed by military to help prevent piercing of bullets; household appliances such as washing machines; braking and damping systems employed in medical prosthetics such as prosthetic knees; development of landing gears in the aerospace industry; development of haptic knobs of various electric and electronic products; various applications such as damping and braking in industrial and other robots; and superior polishing of optical surfaces.
Research is also being conducted to develop magneto rheological fluid for usage in applications such as railways; high-tension wires; vibration-based security systems; ventilator shafts; motor shafts in special conditions such as mines; and elements of bioreactors and chemical reactors. Development of a wide range of applications is expected to drive the magneto rheological fluid market during the forecast period.
More Trending Reports by Transparency Market Research – https://www.prnewswire.co.uk/news-releases/plastic-antioxidants-market-to-reach-us-1-4-bn-by-2027-massive-growth-potential-and-robust-cagr-aids-the-influx-of-new-players-in-global-market-tmr-822002147.html
North America to Lead Magneto Rheological (MR) Fluid Market
North America led the magneto rheological (MR) fluid market in 2018, due to the increase in demand for industrial robots to enhance efficiency and effectiveness in several industries such as automotive, electrical & electronics, metal & machinery, plastics & chemical products, and food & beverages. Key industry players such as Lord Corporation and Exonetik are investing in research & development activities for the production of magneto-rheological fluid based systems and equipment. This is likely to boost the magneto-rheological fluid market during the forecast period.
Buy Now - https://www.transparencymarketresearch.com/checkout.php?rep_id=24029<ype=S
Major Developments in Magneto Rheological (MR) Fluid Market
In 2019, Lord Corporation inaugurated a state-of-the-art manufacturing facility worth US$ 12 Mn in Pont de l'Isère, France. The move is anticipated to strengthen the company’s presence across the globe. In the third quarter of 2018, CK Materials Lab Co., Ltd. inaugurated a factory in Ansan, South Korea. This step is projected to strengthen the company’s presence in the region. In February 2014, QED Technologies (QED) introduced Q-flex 300, the next-generation MRF polishing system, under its Q-flex product line. Q-flex systems offer a platform that allows quick changes in configuration and provides high manufacturing capabilities, especially for difficult spheres and free-form optics. Q-flex 300 can polish a range of precision optics up to 300 millimeters in diameter.
Competition Landscape of Magneto Rheological (MR) Fluid Market
Key players operating in the magneto rheological (MR) fluid market are Lord Corporation, Arus MR Tech, Liquid Research Limited, QED Technologies, Industrial Metal Powders (India) Pvt. Ltd., CK Materials Lab Co., Ltd., Ioniqa Technologies, MRF-ENGINEERING, Kolektor Group, KURIMOTO, LTD., Akebono Brake Industry Co., Ltd., and Anton Paar GmbH.
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=24029
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magneto Rheological Fluid Market to reach US$ 4.3 Bn by 2027 here
News-ID: 2294464 • Views: …
More Releases from Transparency Market Research
Thermal Cycler Market to Reach Over USD 1.7 Billion by 2034, Driven by R&D Inves …
The global thermal cycler market, a cornerstone of molecular biology and DNA amplification technologies, continues to witness steady expansion. According to recent industry analysis, the market was valued at US$ 1.1 billion in 2023 and is poised to grow at a CAGR of 5.1% from 2024 to 2034, surpassing US$ 1.7 billion by 2034. This growth is attributed to a surge in life sciences research, rising genomics applications, expanding diagnostic…
Thermal Fluids for Industrial Heaters Market to Reach USD 2.3 Bn by 2034, Driven …
The global Thermal Fluids for Industrial Heaters Market is entering a new era of sustained expansion, propelled by strong demand across food processing, oil & gas, pharmaceuticals, and high-temperature industrial operations. According to the latest industry assessment, the market was valued at US$ 1.3 billion in 2023 and is projected to reach US$ 2.3 billion by 2034, advancing at a CAGR of 5.2% from 2024 to 2034.
Backed by rising industrial…
Thermal Fogging Machine Market to Reach USD 5.3 Billion by 2034, Driven by Surgi …
The global Thermal Fogging Machine Market is entering a period of sustained expansion, driven by heightened public health awareness, rapid advancements in agricultural protection technologies, and the rising need for efficient disinfection practices across commercial and residential environments. According to recent industry evaluations, the market was valued at US$ 2.8 billion in 2023 and is projected to reach US$ 5.3 billion by the end of 2034, expanding at a 6.0%…
Thermoformed Shallow Trays Market to Surpass USD 8.85 Bn by 2034, Driven by Sust …
The global thermoformed shallow trays market is entering a phase of sustained expansion, supported by the rapid rise of packaged food consumption, e-commerce growth, and technological advances in medical and pharmaceutical packaging. According to the latest industry assessment, the global market, valued at US$ 5,676.3 million in 2023, is projected to rise to US$ 5,891.5 million in 2024, and further exceed US$ 8,856.7 million by 2034, expanding at a CAGR…
More Releases for Magneto
Tunnel Magneto Resistive Sensor Market Size 2024 to 2031.
Market Overview and Report Coverage
A Tunnel Magneto Resistive Sensor, commonly known as TMR sensor, is a type of magnetic sensor that detects changes in magnetic fields using the tunnel magnetoresistance effect. These sensors are widely used in various applications such as automotive, industrial, consumer electronics, and healthcare industries due to their high sensitivity, low power consumption, and small size.
The Tunnel Magneto Resistive Sensor Market is expected to witness…
Magneto Elastic Torque Sensor Market Size 2024 to 2031.
Market Overview and Report Coverage
A Magneto Elastic Torque Sensor is a type of sensor that measures torque or rotational force. These sensors are widely used in various industries such as automotive, aerospace, and industrial applications for measuring torque accurately and efficiently.
The Magneto Elastic Torque Sensor Market is expected to grow at a CAGR of 12.00% during the forecasted period. The increasing demand for precision torque measurement in industries…
How Magneto Elastictorque Sensor Market Development is Changing Business Needs?
Magneto Elastictorque Sensor Market Analysis Overview 2023:
Magneto Elastictorque Sensor market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2019-2029. On the basis of historical data, Magneto Elastictorque Sensor market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Magneto Elastictorque Sensor industry is likely to appear as a commendable platform for…
Magneto Rheological Fluid Market at a CAGR of ~21%
Magneto Rheological (MR) Fluid Market: Introduction
The magneto rheological (MR) fluid market was valued at ~US$ 818 Mn in 2018 and is expected to expand at a CAGR of ~21% during the forecast period. Based on base fluid, the synthetic hydrocarbon oil segment held a dominant share of the magneto rheological (MR) fluid market in 2018. Synthetic hydrocarbon oil is an extensively used base fluid in magneto rheological fluids, due to…
Magneto Dynamo Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Magneto Dynamo Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Magneto Dynamo players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Magneto Dynamo with respect to individual growth…
Magnetic Sensors Market Report 2018: Segmentation by Technology (Hall Effect, An …
Global Magnetic Sensors market research report provides company profile for Infineon Technologies AG, Honeywell International Inc., NXP Semiconductors, Alps Electric Co. Ltd, Analog Devices, Inc., TE Connectivity Corporation, Allegro Microsystems, Inc., Asahi Kasei Corporation, Magnetic Sensors Corporation, Elmos Semiconductor AG and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms…
