The MR Fluid market is witnessing exponential growth owing to its increased adoption in various industries such as automotive, robotics, and aerospace. Many vehicle platforms like the Corvette and Cadillac already use MR Fluid-based suspension systems. The robotics industry has started using MR Fluid for braking and damping systems. It is used in the landing gears in the aerospace industry. A major restraint on the MR Fluid market is its high price.
The global MR Fluid market consists of only 10 companies due to the high-level of expertise and technology required to manufacture the product. Very few companies have managed to develop a quality MR Fluid product. In fact, BASF SE, a major chemical producer, had to withdraw its MR Fluid product from the market because it did not meet customer expectations. This is an indication of the high barriers faced by new entrants in the market.

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Magnetorheological fluid (MR Fluid or MRF) is a non-colloidal mixture consisting of oil or water in which ferromagnetic particles are randomly dispersed. It also includes surfactants which are used to prevent the settling of ferromagnetic particles. MR Fluid is a smart and controllable fluid in the sense that when subjected to magnetic field, the fluid rapidly increases its apparent viscosity to become a viscoelastic solid and on removal of the magnetic field, changes back to its liquid state. This property of MR Fluid makes it highly effective for applications such as braking, clutching, and damping systems. As such, the fluid is being adopted to replace conventional oil in such systems.

Top Key Players:-
• Lord Corporation
• Arus MR Tech
• Liquids Research Limited
• QED Technologies International Inc.
• Ioniqa Technologies BV
• Industrial Metal Powders (I) Pvt. Ltd.
• CK Materials Lab Co. Ltd.
• ArProDEC, MRF Engineering LLC
• Kolektor Group

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The report provides forecast and analysis of the global Magnetorheological fluid market. It provides market overview of global Magnetorheological fluid market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends, and opportunity of the Magnetorheological fluid market and their impact on each country during the forecast period. The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis, and various business strategies adopted by them. This report will help players in global Magnetorheological fluid market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.

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