Magneto Rheological (MR) Fluid Market Top Key Players are Lord Corporation, Arus MR Tech, Liquid Research Limited, QED Technologies.
Magneto Rheological (MR) Fluid Market: Introduction The magneto rheological (MR) fluid market was valued at ~US$ 818 Mn in 2018 and is expected to expand at a CAGR of ~21% during the forecast period. Based on base fluid, the synthetic hydrocarbon oil segment held a dominant share of the magneto rheological (MR) fluid market in 2018. Synthetic hydrocarbon oil is an extensively used base fluid in magneto rheological fluids, due to its relatively eco-friendly nature and low viscosity & low vapor pressure. In terms of application, the automotive segment accounted for a major share of the magneto rheological (MR) fluid market in 2018. Technological advancements in design of dampers to control vibration is anticipated to fuel the segment during the forecast period. Magneto-rheological fluid is employed in dampers to control the damping force. Magneto-rheological fluid offers the reliability of passive systems and the facility of active control systems with small power supply. The magneto rheological (MR) fluid market in Asia Pacific is likely to expand at a significant pace during the forecast period, owing to the growth in investments in the automotive sector. To know more, Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id =24029 Key Drivers of Magneto Rheological (MR) Fluid Market Magneto rheological fluid can be used in a wide range of industries other than the automotive industry. Magneto-rheological fluid can be used in damping systems employed in civil infrastructure projects such as bridges; body armors developed by military to help prevent piercing of bullets; household appliances such as washing machines; braking and damping systems employed in medical prosthetics such as prosthetic knees; development of landing gears in the aerospace industry; development of haptic knobs of various electric and electronic products; various applications such as damping and braking in industrial and other robots; and superior polishing of optical surfaces. Research is also being conducted to develop magneto rheological fluid for usage in applications such as railways; high-tension wires; vibration-based security systems; ventilator shafts; motor shafts in special conditions such as mines; and elements of bioreactors and chemical reactors. Development of a wide range of applications is expected to drive the magneto rheological fluid market during the forecast period.