Home > Chemicals & Materials > Advanced Materials > Magnetorheological Fluid Market

Magnetorheological Fluid Market Share

Report ID: GMI7867
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Magnetorheological Fluid Market Share

Some of the major market players operating in the magnetorheological fluid industry are Ferrofluidics Corporation, BASF SE, LORD Corporation, Nippon Paint Holdings Co., Ltd., Akebono Brake Industry Co., Ltd. among others. accounting over 15% market share in the year 2023 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Governments in countries like the US, Japan, Germany, and China offer grants and funding to encourage research and development of MRF technology. This could involve universities, research institutions, and private companies like the ones listed. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Magnetorheological Fluid Market Companies

Major players operating in the magnetorheological fluid industry include:

Ferrofluidics Corporation
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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for magnetorheological fluid was valued at USD 5.09 billion in 2023 and is anticipated to grow at over 20.1% CAGR between 2024 and 2032, owing to the improved ride quality in cars, safe earthquake resistant buildings and agile robots with precise controls.

The powder segment held about 60% share of the magnetorheological fluid market in 2023, driven by versatile applications and ease of use across various industries.

U.S. market size for magnetorheological fluid was valued at USD 1.65 billion 2023, favored by the robust manufacturing capability, particularly in the automotive industry in the region.

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