Magnetorheological Fluid Market Share

North American Market Forecast

North America industry is poised to account for largest revenue share of 35% by 2037. The market growth in the region is driven by the burgeoning spending in the aerospace and defense business. As a result, there is a growing adoption of industrial robots in the aerospace landscape which has boosted the early adoption of MR fluid-based systems in the region. For instance, in terms of aerospace exports, the US contributed about 102 billion in 2022.

Besides this, the region has a large number of research institutes, universities, and businesses actively engaged in MR fluid research, development, and commercialization.

APAC Market Statistics

The Asia Pacific region will also encounter massive growth for the magnetorheological fluid market during the forecast period and will hold the second position as a result of the continuous automation trend and advancements in manufacturing technology.

In addition, the expansion can be attributed to the many applications of magnetorheological fluids in the automotive and aerospace industries, as well as the existence of notable companies in rising economies such as China and India in this region.