Automotive Sector to Drive the Global Magneto-Rheological (MR) Fluid Market

Published: Sep 2021

The global magneto rheological fluid market is anticipated to grow at a considerable CAGR during the forecast. MR fluid is a smart fluid used as a carrier fluid, which increases its viscosity in the presence of a magnetic field. The increasing use of MR fluids in the automotive sector tends to drive the growth of the MR fluid market.

Browse the full report description 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 at https://www.omrglobal.com/industry-reports/magneto-rheological-mr-fluid-market

MR fluid that is widely used in the automotive sector in different application such as braking and clutching system. They are also used in shock absorbers, dampers, and brakes in a vehicle. Automotive giants such as Chevrolet, Porsche, and Audi are using MR fluid in their car models.

Market coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment covered- 

o By Carrier Fluid

o By Application

  • Regions covered-

o North America

o Europe

o Asia-Pacific

o Rest of the world

  • Competitive landscape- Akebono Brake Industry Co., Ltd., CK Materials Lab Co., Ltd., Liquids Research Ltd., LORD Corp., and QED Technologies International, Inc.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

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

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