A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Magneto
rheological fluids
Market. The
study, titled “Magneto
Rheological Fluids Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Magneto
rheological fluids, more commonly known as MR fluids, are non –
Newtonian smart fluids which have the ability to change their
apparent viscosity when subjected to a magnetic field. These fluids
have a large range of apparent viscosity, and can also turn into
viscoelastic solids. The strength of the subjected magnetic field
determines the relative change in apparent viscosity of the MR
fluids. Due to viscosity changing ability, MR fluids find several
uses in damping and shock absorbing applications. It also finds
application in products such as prosthetic limbs, haptic displays,
and body armor. Magneto rheological fluids are suspensions of
magnetic particles in a liquid base. Various other chemicals such as
surfactants and additives are often added to the fluid to enhance its
properties. The magnetic particle size, liquid base, and materials
also vary according to the applications.
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Market Research Report @
Magneto
rheological fluids have been in research phase for a long time;
however, in recent years, the demand for these smart fluids is on the
rise. The benefits offered by magneto rheological fluids over
conventional damper fluids are overwhelming. Conventional fluids
cannot provide the required damping. For example, a low viscosity
fluid damper results in an over damped suspension system whereas a
high viscosity fluid damper results in an under damped suspension
system. Also, on plain tarmac roads, less damping is required, which
calls for higher viscosity damper fluids, and the reverse is true for
off-road applications. These desired characteristics and changes can
be achieved by a single system with MR fluids. This is expected to
increase the demand for magneto rheological fluids in the coming
years. Automobile application majorly drives demand. Military
applications are also likely to generate huge demand for magneto
rheological fluids in the future. Furthermore, MR fluid also has a
potential to be used as primary fluid in robotics, especially
humanoid robots. The versatility of magneto rheological fluids is
already being used in prosthetic limbs for damping the shocks and
jolts of the human body.
The
magneto rheological fluids market, based on liquid base, can be
segmented as silicone oil, mineral oil, hydrocarbon oil, water, and
glycol. The use of liquid base varies as per the application and
shear stress. Furthermore, the suspended magnetic particles used in
magneto rheological fluids also vary. Ferromagnetic materials such as
carbonyl iron powder, cobalt-iron alloy powder, nickel alloy powder,
and electrolytic iron powder are widely used as suspension particles
in magneto rheological fluids. Based on applications, magneto
rheological fluids can be categorized as automobile, defense,
electrical & electronics, building & construction, medical &
prosthetics, robotics & bionics, and others. Automobile is a
major application of magneto rheological fluids, with the demand
largely generated from the luxury/sports vehicle segment. In the
construction industry, magneto rheological fluid dampers are used to
damp the vibrations of suspension and cable-stayed bridges. The
robotics & bionics segment is also expected to create significant
demand for magneto rheological fluids over the forecast period.
In
terms of geography, the magneto rheological fluids market can be
segregated into Asia Pacific, Europe, North America, Latin America,
and Middle East & Africa. Europe and North America are key
regions of the magneto rheological fluids market, due to the rising
demand from automobile (especially from luxury vehicles segment) and
defense applications. Furthermore, rise in construction industry and
growth in infrastructure in countries such as Germany, France, the
U.S., and Italy are fuelling the demand for magneto rheological
fluids in Europe and North America. The magneto rheological fluids
market in Asia Pacific and Latin America is also expanding rapidly
due to the rise in automobile sales, infrastructure growth, and home
appliances sales in the region. Countries such as Japan, China, and
South Korea are rapidly advancing in the field of robotics, and thus
are expected to create significant demand for magneto rheological
fluids for robotics and bionics applications.
Get
accurate market forecast and analysis on the Magneto rheological
fluids market. Request a sample to stay abreast on the key trends
impacting this market@
Prominent
players operating in the global magneto rheological fluids market are
BASF SE, Lord Corporation, and Liquid Research Ltd.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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and analyze information.
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data repository is continuously updated and revised by a team of
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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