Global Magneto-Rheological Fluids (MRF) Analysis Report 2023: Market to Reach $5.8 Billion by 2030 from $1.4 Billion in 2022 - Highly Stable Magneto Rheological Fluids to Expand Application Horizons

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Nov 20, 2023, 11:00 ET

DUBLIN, Nov. 20, 2023 /PRNewswire/ -- The "Magneto-Rheological Fluids (MRF) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Magneto-Rheological Fluids (MRF) Market to Reach $5.8 Billion by 2030

The global market for Magneto-Rheological Fluids (MRF) estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$5.8 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

It covers different aspects of the market, including various types of base fluids such as synthetic hydrocarbon oil, water, silicon oil, hydraulic oil, mineral oil, paraffin oil, and other base fluids.

Synthetic Hydrocarbon Oil, one of the segments analyzed in the report, is projected to record 20.6% CAGR and reach US$2 Billion by the end of the analysis period. Growth in the Water segment is estimated at 19.9% CAGR for the next 8-year period.

The report also includes insights into recent past, current, and future sales trends, along with percentage Compound Annual Growth Rates (CAGR) where applicable.

The U.S. Market is Estimated at $486.7 Million, While China is Forecast to Grow at 23.5% CAGR

The data includes independent analysis of annual sales in US$ Thousand for the years 2022 through 2030, with a focus on geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World.

The Magneto-Rheological Fluids (MRF) market in the U.S. is estimated at US$486.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$757.8 Million by the year 2030 trailing a CAGR of 23.5% over the analysis period 2022 to 2030.

Additionally, it provides an 8-year perspective, illustrating the percentage breakdown of value sales for select years within this period. The report covers various applications of MRF, including automotive & aerospace, robotics, building & construction, military & defense, medical & prosthetics, electrical & electronics, and other applications.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.1% and 17.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.3% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Pandemic Presents Challenging Times for Magneto Rheological Fluids Market
Magneto-Rheological Fluids Market: An Introduction
Components of MR Fluid
Key Application Areas of MR Fluids
Global Market Prospects & Outlook
Developed Regions Lead, Developing Economies to Boost Long-term Growth
Competition
Magneto-Rheological Fluids (MRF) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Recent Market Activity

MARKET TRENDS & DRIVERS

Highly Stable Magneto Rheological Fluids to Expand Application Horizons
Magneto Rheological Fluids Chart Ambitious Course with Exciting, Smart Applications
Automotive Industry Emerges as a Major End-Use Market for MR Fluids
World Automobile Production in Million Units: 2008-2022
Magneto Rheological Fluids to Fly High with Potential Aerospace Applications
Rapid Growth of Robotics Industry Presents Opportunity for MR Fluid Market
Soft Robots to Benefit from MRF Fluids
Growing Role of MR Fluid Dampers in Vibration Protection Construction & Civil Infrastructure Projects
Role of MR Fluids in Examining Effect of Skin Properties on Arterial Tonometry Measurements
MR Fluids Emerge as Novel Body Armor Materials to Improve Soldier Survivability
Magneto Rheological Fluids: Rheological Response Time & Impact of Shear Rate
Intriguing Properties Make Magneto Rheological Fluids Ideal for Finishing Applications
MR Fluid Dampers for Vibration in Washing Machines
Rising Importance of Smart Materials in Haptic Actuators Presents Opportunity for the Market
Magneto Rheological Fluids to Find Potential Applications in Oil & Gas Industry
Magneto Rheological Finishing Set to Transform Precision Optics Domain
Lubricating Greases Elevate Performance of Magneto Rheological Fluids
Use of Lubricating Grease to Overcome Issues
Magneto Rheological Fluids as Sealants in Micro Motors
Emerging Applications of MR Fluids: An Overview
Challenges Facing Preparation & Use of MR Fluids
Challenges with Control of MR Fluid's Magnetic Field
Probable Solutions for Several Issues with MR Fluids

FOCUS ON SELECT PLAYERS (Total 24 Featured)

BASF SE
LORD Corporation
Nippon Paint Holdings Co., Ltd.
Akebono Brake Industry Co., Ltd.
New Energy and Industrial Technology Development Organization (NEDO)
Boron Rubbers India
Liquids Research Limited
TA Instruments
BASF Agricultural Solutions
Anton Paar GmbH
Beijing West Industries Co. Ltd. (BWI Group)
CK Materials Lab Co., Ltd.
Industrial Metal Powders (I) Pvt. Ltd.
Ioniqa Technologies B.V.

For more information about this report visit https://www.researchandmarkets.com/r/wgeqgy

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