Press release
MR Fluid (MRF) Market Research Report 2023 - Valuates Reports
Magnetorheological (MR) fluids are a class of smart materials whose yield stress increases considerably in the presence of externally applied magnetic field. MR Fluids consist of magnetic (typically iron) particles in a carrier fluid. In the presence of a magnetic field, the micron-sized particles link and change the fluid to a semi-solid in milliseconds. When the magnetic field is removed, the fluid just as quickly reverts back to its natural free-flowing state. Furthermore, the degree to which the fluid changes to a semi-solid is proportional to the strength of the magnetic field, giving the fluid infinite controllability and precision.The global MR Fluid (MRF) market was valued at US$ 68 million in 2022 and is anticipated to reach US$ 131.4 million by 2029, witnessing a CAGR of 9.8% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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The global MR Fluid (MRF) market was valued at US$ 68 million in 2022 and is anticipated to reach US$ 131.4 million by 2029, witnessing a CAGR of 9.8% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of MR fluid (MRF) include Lord Corporation, QED Technologies International, Liquids Research Limited, Arus MR Tech, CK Materials Lab, etc. Global top five manufacturers hold a share over 95%. The key players are mainly located in Europe, North America, and India. In terms of product, Hydrocarbon Oil MRF is the largest segment, with a share over 98%. And in terms of application, the largest application is automotive, with a share over 72%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for MR Fluid (MRF), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding MR Fluid (MRF).
The MR Fluid (MRF) market size, estimations, and forecasts are provided in terms of output/shipments (Liter) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global MR Fluid (MRF) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the MR Fluid (MRF) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
-Lord Corporation
-QED Technologies International
-Liquids Research Limited
-Arus MR Tech
-CK Materials Lab
Segment by Type
-Hydrocarbon Oil MRF
-Silicon Oil MRF
Segment by Application
-Automotive
-Aerospace and Defense
-Industrial
-Others
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Magnetorheological Material Market - https://reports.valuates.com/market-reports/QYRE-Auto-11X14149/global-magnetorheological-material
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