The Electrorheological Fluids Market size is estimated to grow at a CAGR of 18.6% during the forecast period 2022-2027. Electrorheological fluids are smart fluids consisting of solid particles dispersed in an insulating fluid. These fluids such as dielectric fluids have high electrical resistivity and low viscosity like silicone oil or hydrocarbon and offer superior features such as good sealing effect, fewer magnetic fields, prolong life service, and minimal tear, thereby having a high demand for applications in brakes, hydraulic valves, rollable keypads, and others. The growing applicability of electrorheological fluids in major industries is thereby acting as a driving factor in the electrorheological fluids market. In addition, the growing automotive production and advancements in automation technology are propelling the growth in the market. The covid-19 outbreak resulted in major disruption in the electrorheological fluids market due to logistics restrictions, closure of automotive and electronic production, and other lockdown restrictions. However, significant recovery in major end-use sectors such as automotive, electronics, aerospace, and others industry post-pandemic are boosting the demand for electrorheological fluids. Thus, the electrorheological fluids industry is anticipated to grow rapidly and contribute to the electrorheological fluids market size during the forecast period.
Electrorheological Fluids Market Report Coverage :
The “Electrorheological Fluids Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments in the Electrorheological Fluids Industry.
By Type : Positive ER Fluids and Negative ER Fluids
By Carrier Fluids : Silicone Oil, Mineral Oil, Dielectric Fluid, Grease, Olefins, and Others
By Application : Hydraulic Valves, Clutches, Brakes, Abrasive Polishing, Rollable Keypads, Screens, and Others
By End-Use Industry : Electronics (Flexible Electronics and Consumer Electronics), Automotive (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles, Aerospace & Defense (Military and Commercial), and Others
By Geography : North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World (Middle East, South America, and Africa)