Magneto Rheological (MR) Fluid Market is expected to grow at a moderate rate during the forecast period 2018-2023. Magnetorheological fluid (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 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.
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Major companies contributing in the global MR fluid market includes ArProDEC, Ioniqa Technologies, Kolektor Group, QED Technologies International, Inc., Modern Industries, Inc., Advanced Materials and Devices, Inc., and ACDelco, among others. Product launch, merger & acquisition, and partnerships are some of the key strategies adopted by the market players to stay competitive in the global MR fluid market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global 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
Global MR Fluid Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
The report covers
- Comprehensive research methodology of global MR fluid market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global MR fluid market.
- Insights about market determinants which are stimulating the global MR fluid market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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