Magneto-Rheological (MR) Fluid Market
Global Magneto-Rheological (MR) Fluid Market by Carrier Fluid (Silicon Oil, Mineral Oil, Paraffin Oil, Hydraulic Oil, Synthetic Oil, and Others), By Application (Automotive, Electrical & Electronics, Aerospace & Defense, Medical & Prosthetics, and Others) - Global Industry Share, Growth, Competitive Analysis and Forecast Period 2020-2026 Update Available - Forecast 2024-2030
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.
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.
Segmental Outlook
The global MR Fluid market is segmented on the basis of carrier fluid and application. By carrier fluid, the market is segmented into silicone oil, mineral oil, paraffin oil, hydraulic oil, synthetic oil, and others. On the basis of application, the market is segmented into automotive, electrical & electronics, aerospace & defense, medical & prosthetics, and others.
The automotive segment is expected to have a major share in the MR fluid market. The MR fluid that is widely used in the automotive sector in different applications includes braking and clutching systems. Moreover, they are used in shock absorbers, dampers, and brakes in a vehicle. Automotive giants such as General Motors, Chevrolet, Porsche, Acura, Audi are using MR fluid in their car models. Some of the car models which are equipped with an MR fluid suspension system are Audi TT, Audi R8, Buick Lucerne, Ferrari 599GTB, and Holden HSV Commodor. The military segment is expected to exhibit significant market growth owing to several military applications such as damper of military vehicles, and bulletproof jackets.
Regional Outlooks
Geographically, MR fluid market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America and Europe are expected to have a significant market share of the MR fluid. It is due to the high cost associated with the MR fluid, the result of which it is mostly used in high-end car models. Price sensitive market of Asia-Pacific includes China and India is the untapped reason is significant growth is expected during the forecast period in this region.
Market Players Outlook
Key players of the MR fluid market include Akebono Brake Industry Co., Ltd., CK Materials Lab Co., Ltd., Ioniqa Technologies, Kolektor Group, Liquids Research Ltd., LORD Corp., and QED Technologies International, Inc., among others. In order to survive in the market, these players adopt different marketing strategies such as mergers and acquisitions, product launches, and geographical expansion.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Magneto-Rheological (MR) Fluid market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. Global MR Fluid Market By Carrier Fluid
4.1.1. Silicon Oil
4.1.2. Mineral Oil
4.1.3. Paraffin Oil
4.1.4. Hydraulic Oil
4.1.5. Synthetic Oil
4.1.6. Other (Silicone Copolymers, White Oils, and Water,)
4.2. Global MR Fluid Market By Application
4.2.1. Automotive
4.2.2. Electrical & Electronics
4.2.3. Aerospace & Defense
4.2.4. Medical & Prosthetics
4.2.5. Others (Robotics, Building and Construction)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advanced Materials and Devices, Inc.
6.2. Akebono Brake Industry Co., Ltd.
6.3. Anton Paar GmbH
6.4. BASF SE
6.5. BWI Group
6.6. CK Materials Lab Co., Ltd.
6.7. Industrial Metal Powder Pvt. Ltd.
6.8. Ioniqa Technologies
6.9. Kolektor Group
6.10. KURIMOTO, LTD.
6.11. Liquids Research Ltd.
6.12. LORD Corp.
6.13. Modern Industries, Inc.
6.14. MRFEngineering.com
6.15. QED Technologies International, Inc.
1. GLOBAL MR FLUID MARKET RESEARCH AND ANALYSIS, 2019-2026 ($ MILLION)
2. GLOBAL MR FLUID MARKET BY CARRIER FLUID, 2019-2026 ($ MILLION)
3. GLOBAL SILICON OIL MARKET BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL MINERAL OIL MARKET BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL PARAFFIN OIL MARKET BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL HYDRAULIC OIL MARKET BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL SYNTHETIC OIL MARKET BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHER MR FLUID MARKET BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL MR FLUID MARKET BY APPLICATION, 2019-2026 ($ MILLION)
10. GLOBAL MR FLUID IN AUTOMOTIVE MARKET BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL MR FLUID IN ELECTRICAL & ELECTRONICS MARKET BY REGION,2019-2026 ($ MILLION)
12. GLOBAL MR FLUID IN AEROSPACE & DEFENSE MARKET BY REGION,2019-2026 ($ MILLION)
13. GLOBAL MR FLUID IN MEDICAL & PROSTHETICS MARKET BY REGION,2019-2026 ($ MILLION)
14. GLOBAL MR FLUID IN OTHER APPLICATION MARKET BY REGION,2019-2026 ($ MILLION)
15. GLOBAL MR FLUID MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN MR FLUID MARKET RESEARCH AND ANALYSIS BY CARRIER FLUID, 2019-2026 ($ MILLION)
17. NORTH AMERICAN MR FLUID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
18. NORTH AMERICAN MR FLUID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN MR FLUID MARKET RESEARCH AND ANALYSIS BY CARRIER FLUID, 2019-2026 ($ MILLION)
20. EUROPEAN MR FLUID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
21. EUROPEAN MR FLUID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC MR FLUID MARKET RESEARCH AND ANALYSIS BY CARRIER FLUID, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC MR FLUID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC MR FLUID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
25. REST OF THE WORLD MR FLUID MARKET RESEARCH AND ANALYSIS BY CARRIER FLUID, 2019-2026 ($ MILLION)
26. REST OF THE WORLD MR FLUID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL MR FLUID MARKET SHARE BY CARRIER FLUID, 2019 VS 2026 (%)
2. GLOBAL MR FLUID MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL MR FLUID MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. GLOBAL SILICON OIL MARKET SHARE BY REGION, 2019 VS 2026 (%)
5. GLOBAL MINERAL OIL MARKET SHARE BY REGION, 2019 VS 2026 (%)
6. GLOBAL PARAFFIN OIL MARKET SHARE BY REGION, 2019 VS 2026 (%)
7. GLOBAL HYDRAULIC OIL MARKET SHARE BY REGION, 2019 VS 2026 (%)
8. GLOBAL SYNTHETIC OIL MARKET SHARE BY REGION, 2019 VS 2026 (%)
9. GLOBAL OTHER OIL MARKET BY SHARE REGION, 2019 VS 2026 (%)
10. GLOBAL MR FLUID IN AUTOMOTIVE MARKET BY REGION, 2019 VS 2026 (%)
11. GLOBAL MR FLUID IN ELECTRICAL & ELECTRONICS MARKET BY REGION, 2019 VS 2026 (%)
12. GLOBAL MR FLUID IN AEROSPACE & DEFENSE MARKET BY REGION, 2019 VS 2026 (%)
13. GLOBAL MR FLUID IN MEDICAL & PROSTHETICS MARKET BY REGION, 2019 VS 2026 (%)
14. GLOBAL MR FLUID IN OTHER APPLICATION MARKET BY REGION, 2019 VS 2026 (%)
15. US MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
16. CANADA MARKET MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
17. UK MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
18. GERMANY MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
19. SPAIN MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
20. FRANCE MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
21. ITALY MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
22. REST OF EUROPE MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
23. INDIA MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
24. CHINA MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
25. JAPAN MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
26. REST OF ASIA-PACIFIC MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
27. REST OF WORLD MR FLUID MARKET SIZE, 2019-2026 ($ MILLION)
