Press release
Magneto-Rheological (MR) Fluid Market to Signify Strong Growth by 2022-2028
The global MR fluid market is projected to grow at a significant CAGR during the forecast period. MR fluid is a smart fluid used as a carrier fluid, which increases its viscosity in the presence of a magnetic field. The MR fluid consists of micro and nano-sized magnetized iron particles suspended in a base fluid. The fluid can be used to design devices for different applications such as in the automotive sector, it is an extensively used braking and clutching system. Major advantages of MR fluid include easy controllability, direct interface with electronics, easy construction of devices, and power efficiency and quick response. MR fluid has varied applications in the automotive sector. It can be used in shock absorbers, dampers, and brakes in a vehicle. Major automotive companies such as General Motors, Chevrolet, Porsche, Acura, Audi have used MR fluid in their models. Moreover, the MR fluid has increasingly being used in civil infrastructure and household appliances.To Request a Sample of our Report on Magneto-Rheological (MR) Fluid Market: https://www.omrglobal.com/request-sample/magneto-rheological-mr-fluid-market
Besides, there are factors that are hampering the growth of the MR fluid market such as the limited availability of commercial products and the high cost of high-quality MR fluid products. Lack of consumer awareness regarding the benefits of MR fluids, which includes its longevity, can be considered as another major threat acting in the growth of the market. However, the MR fluid is finding application in several military applications such as damper of military vehicles, bulletproof jackets, which act as an opportunity for the growth of the market in the near future. Several research projects are being carried out to find the effectiveness of MR fluid as a protective element against earthquakes in the building. Furthermore, the high investment made by the key players and research institutes in the R&D of MR fluid is further regarded as a major factor in the growth of the global MR fluid market in the future.
Market coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment covered-
By Carrier Fluid
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the world
Competitive landscape- Akebono Brake Industry Co., Ltd., CK Materials Lab Co., Ltd., Liquids Research Ltd., LORD Corp., and QED Technologies International, Inc.
A full Report of Magneto-Rheological (MR) Fluid Market is Available at: https://www.omrglobal.com/industry-reports/magneto-rheological-mr-fluid-market
MR Fluid Market Report Segment
By Carrier Fluid
Silicon Oil
Mineral Oil
Paraffin Oil
Hydraulic Oil
Synthetic Oil
Others
By Application
Automotive
Electrical & Electronics
Aerospace& Defense
Medical & Prosthetics
Others
MR Fluid Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Advanced Materials and Devices, Inc.
Akebono Brake Industry Co., Ltd.
Anton Paar GmbH
BASF SE
BWI Group
CK Materials Lab Co., Ltd.
Industrial Metal Powder Pvt. Ltd.
Ioniqa Technologies
Kolektor Group
KURIMOTO, LTD.
Liquids Research Ltd.
LORD Corp.
Modern Industries, Inc.
MRFEngineering.com
QED Technologies International, Inc.
Reasons to Buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/magneto-rheological-mr-fluid-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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