Global Magnetorheological Fluid Market Analysis by Base Fluid, by End User, by Geography to 2025
NxtGen Reports recently added a new market research report in its offerings titled, "Global Magnetorheological Fluid Market Analysis by Base Fluid, by End User, by Geography to 2025".
(EMAILWIRE.COM, September 06, 2018 ) The report provides forecast and analysis of the global Magnetorheological fluid market. It provides market overview of global Magnetorheological fluid market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends, and opportunity of the Magnetorheological fluid market and their impact on each country during the forecast period.
Magnetorheological fluid (MR Fluid or MRF) is a non-colloidal mixture consisting of oil or water in which ferromagnetic particles are randomly dispersed. It also includes surfactants which are used to prevent the settling of ferromagnetic particles. MR Fluid is a smart and controllable fluid in the sense that when subjected to magnetic field, the fluid rapidly increases its apparent viscosity to become a viscoelastic solid and on removal of the magnetic field, changes back to its liquid state. This property of MR Fluid makes it highly effective for applications such as braking, clutching, and damping systems. As such, the fluid is being adopted to replace conventional oil in such systems.
The MR Fluid market is witnessing exponential growth owing to its increased adoption in various industries such as automotive, robotics, and aerospace. Many vehicle platforms like the Corvette and Cadillac already use MR Fluid-based suspension systems. The robotics industry has started using MR Fluid for braking and damping systems. It is used in the landing gears in the aerospace industry. A major restraint on the MR Fluid market is its high price. The MR price of the fluid is high because it is a complex and difficult product to manufacture. However, the price is expected to drop during the forecast period due to the increase in its production volume. In other words, the MR Fluid market is expected to benefit from scale of production.
The -201cGlobal Magnetorheological Fluid Market Analysis and Forecasts to 2025-201d can be segmented into base fluid, application, and region. In terms of base fluid, the market can be categorized into silicon oil, synthetic hydrocarbon oil, hydraulic oil, water, and others. The base fluid is largely dependent upon the application of MR Fluid. For example, water is a more commonly used base fluid for MR Fluid in the optics industry. On the other hand, Silicon oil was one of the first base fluid used in manufacturing MR Fluid and it is estimated to retain a high share of the market. Several customers even request customized base fluids according to their requirement.
Based on end user, the market can be segmented into automotive, aerospace, building and construction, military and defense, medical and prosthetics, robotics, and others. Automotive was the first industry to use MR Fluid and it is estimated to retain the highest share of the market. The robotics industry is another very important consumer of MR Fluid. The number of robots deployed in applications such as warehousing and manufacturing has increased. The increased use of robots is expected to boost consumption of MR Fluid during the forecast period. Healthcare and aerospace industries have recently started experimenting with MR Fluid applications and they hold major potential for the market. Exoskeletons and prosthetic knees are examples from the healthcare industry where the use of MR Fluid is being tested.
The global MR Fluid market consists of only 10 companies due to the high-level of expertise and technology required to manufacture the product. Very few companies have managed to develop a quality MR Fluid product. In fact, BASF SE, a major chemical producer, had to withdraw its MR Fluid product from the market because it did not meet customer expectations. This is an indication of the high barriers faced by new entrants in the market.
The Magnetorheological fluid market based on geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Magnetorheological fluid in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Magnetorheological Fluid market report includes market size and analysis for all the above-mentioned regions and countries for base fluid, and end user.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis, and various business strategies adopted by them. This report will help players in global Magnetorheological fluid market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoovers, company annual reports, investor presentations, and publications. The ten players included in the global Magnetorheological fluid market report are Lord Corporation, Arus MR Tech, Liquids Research Limited, QED Technologies International, Inc., Ioniqa Technologies BV, Industrial Metal Powders (I) Pvt. Ltd., CK Materials Lab Co. Ltd., ArProDEC, MRF Engineering LLC, and Kolektor Group.
To get Free Sample or to Buy this report at discounted price click here: https://www.nxtgenreports.com/market-research-reports/global-magnetorheological-fluid-market-analysis-by
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About NxtGen Reports: NxtGen Reports delivers strategic market research reports, industry analysis, business research and forecasts on product, services and companies. We understand the need of our customers and keep our market research reports up to date. Our reports are very well organized enabling our customers to identify and get access easily. We also offer customized discounts based on your expectations.
Contact Information:
Madhuri Vetal
NxtGen Reports
Email: sales@nxtgenreports.com
Phone: +918551022388
More Report at: https://www.nxtgenreports.com/market-research-reports
Magnetorheological fluid (MR Fluid or MRF) is a non-colloidal mixture consisting of oil or water in which ferromagnetic particles are randomly dispersed. It also includes surfactants which are used to prevent the settling of ferromagnetic particles. MR Fluid is a smart and controllable fluid in the sense that when subjected to magnetic field, the fluid rapidly increases its apparent viscosity to become a viscoelastic solid and on removal of the magnetic field, changes back to its liquid state. This property of MR Fluid makes it highly effective for applications such as braking, clutching, and damping systems. As such, the fluid is being adopted to replace conventional oil in such systems.
The MR Fluid market is witnessing exponential growth owing to its increased adoption in various industries such as automotive, robotics, and aerospace. Many vehicle platforms like the Corvette and Cadillac already use MR Fluid-based suspension systems. The robotics industry has started using MR Fluid for braking and damping systems. It is used in the landing gears in the aerospace industry. A major restraint on the MR Fluid market is its high price. The MR price of the fluid is high because it is a complex and difficult product to manufacture. However, the price is expected to drop during the forecast period due to the increase in its production volume. In other words, the MR Fluid market is expected to benefit from scale of production.
The -201cGlobal Magnetorheological Fluid Market Analysis and Forecasts to 2025-201d can be segmented into base fluid, application, and region. In terms of base fluid, the market can be categorized into silicon oil, synthetic hydrocarbon oil, hydraulic oil, water, and others. The base fluid is largely dependent upon the application of MR Fluid. For example, water is a more commonly used base fluid for MR Fluid in the optics industry. On the other hand, Silicon oil was one of the first base fluid used in manufacturing MR Fluid and it is estimated to retain a high share of the market. Several customers even request customized base fluids according to their requirement.
Based on end user, the market can be segmented into automotive, aerospace, building and construction, military and defense, medical and prosthetics, robotics, and others. Automotive was the first industry to use MR Fluid and it is estimated to retain the highest share of the market. The robotics industry is another very important consumer of MR Fluid. The number of robots deployed in applications such as warehousing and manufacturing has increased. The increased use of robots is expected to boost consumption of MR Fluid during the forecast period. Healthcare and aerospace industries have recently started experimenting with MR Fluid applications and they hold major potential for the market. Exoskeletons and prosthetic knees are examples from the healthcare industry where the use of MR Fluid is being tested.
The global MR Fluid market consists of only 10 companies due to the high-level of expertise and technology required to manufacture the product. Very few companies have managed to develop a quality MR Fluid product. In fact, BASF SE, a major chemical producer, had to withdraw its MR Fluid product from the market because it did not meet customer expectations. This is an indication of the high barriers faced by new entrants in the market.
The Magnetorheological fluid market based on geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Magnetorheological fluid in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Magnetorheological Fluid market report includes market size and analysis for all the above-mentioned regions and countries for base fluid, and end user.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis, and various business strategies adopted by them. This report will help players in global Magnetorheological fluid market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoovers, company annual reports, investor presentations, and publications. The ten players included in the global Magnetorheological fluid market report are Lord Corporation, Arus MR Tech, Liquids Research Limited, QED Technologies International, Inc., Ioniqa Technologies BV, Industrial Metal Powders (I) Pvt. Ltd., CK Materials Lab Co. Ltd., ArProDEC, MRF Engineering LLC, and Kolektor Group.
To get Free Sample or to Buy this report at discounted price click here: https://www.nxtgenreports.com/market-research-reports/global-magnetorheological-fluid-market-analysis-by
If you have any special requirements, kindly Contact Us and we will offer you the report as you want.
About NxtGen Reports: NxtGen Reports delivers strategic market research reports, industry analysis, business research and forecasts on product, services and companies. We understand the need of our customers and keep our market research reports up to date. Our reports are very well organized enabling our customers to identify and get access easily. We also offer customized discounts based on your expectations.
Contact Information:
Madhuri Vetal
NxtGen Reports
Email: sales@nxtgenreports.com
Phone: +918551022388
More Report at: https://www.nxtgenreports.com/market-research-reports
Contact Information:
NxtGen Reports
Madhuri Vetal
Tel: +918551022388
Email us
----
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NxtGen Reports
Madhuri Vetal
Tel: +918551022388
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results