Ferrofluid Market – Global Industry Analysis and Forecast (2022-2029)

Ferrofluid market was valued at US $ 58.39 Mn. in 2021, and it is expected to reach US $ 87.59 Mn. by 2029 with a CAGR of 5.20% during the forecast period.

Ferrofluid Market Overview:

A ferrofluid (also known as magnetic fluid) is a liquid that is developed to the magnet's poles. It is a colloidal liquid made up of nanoscale ferromagnetic particles dispersed in a carrier fluid usually an organic solvent or water. To prevent clumping, each magnetic particle is fully coated with a surfactant. In 1963, NASA's Steve Papell created a technology for developing ferrofluid to make liquid rocket fuel that could be dragged toward a fuel pump in a weightless environment by applying a magnetic field. Generally, a ferrofluid contains 5% magnetic solids, 10% surfactant, and 85% carrier solution by volume. Size reduction and chemical precipitation are the two basic methods for synthesizing ferrofluids. Ferrofluid Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2029. 2021 is considered a base year however 2021 numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. COVID–19 Influence on Ferrofluid Market: The COVID-19 pandemic had a significant impact on the economy as well as public health. It caused chaos in the economy, and not a single country was protected. Businesses all over the world have been driven to adjust their ways as a result of the virus. The report gives more details about the influence of each region, allowing users to plan their actions and take substantial steps toward recovery after an epidemic.

Ferrofluid Market Dynamics:

Smart audio devices are becoming more widely used, which is expected to lead to increased adoption. Based on the growing adoption of wireless technology-enabled products, rising adoption of infotainment devices, increased demand for mobile phones and related accessories, and rapid urbanization, which is creating new markets for smart audio devices, the demand for wireless audio devices is expected to rise. All of these factors are expected to drive the growth of the worldwide ferrofluids market over the forecast period. Furthermore, the medical sector is expected to be a major driver of demand for ferrofluids, as ferrofluids are suited for a wide range of biomedical testing thanks to their superior particle distribution. Ferrofluids have many performance properties that can be personalized to individual analysis or diagnostic procedures. The magnetic nanoparticles are frequently required for successful implementation in research in the areas of diagnostic testing and medical therapy. In the case of hyperthermia therapy, another application for magnetic nanoparticles is site-specific delivery to the place of concern. Switching to internal production by consumers, combined with limited usage, is obstructing consumption rates. Ferrofluids are mostly used in the rotating sections of equipment design to produce vacuum feed. A variety of ferrofluids are also used in the development of semiconductor devices. As a result, if consumers chose internal production rather than buying from suppliers at a higher price, demand for ferrofluids from semiconductor manufacturers is expected to fall. Conversely, the innovation and technological expertise for manufacturing high-quality ferrofluids is expected to minimize the adverse effect on demand globally. Limited consumption of ferrofluid Given the fact that ferrofluids have a wide range of applications, the amount used in each product is relatively low. The size of the market is hindered because of minimal consumption in terms of volume. The high prices of specific and personalized ferrofluid products are expected to overcome the impact of limited consumption. As a result, key players are expected to have lucrative growth opportunities if they create high-grade ferrofluids, like those used in highly reactive gas conditions.

Ferrofluid Market Segment Analysis:

Based on Type, the global ferrofluid market is segmented into four types as follows, water-based, oil-based, powder-based, and organic solvent-based. In 2021, the water-based segment was dominant and held xx% of the overall market share. Water-based ferrofluids are commonly used in applications requiring rapid evaporation or the ability to combine ferrofluids into a water-based system. These ferrofluids are mostly used for audio speaker applications. Ferrofluid Market Based on Application, the global ferrofluid market is segmented into ten types as follows, electronic devices, mechanical engineering, cell separations, loudspeakers, material science research, spacecraft propulsion, analytical instrumentation, medical, optics, and energy harvesting. In 2021, the electronic devices segment was dominant and held xx% of the overall market share in terms of revenue. Ferrofluids are used in hard drives to form liquid seals around the drive shafts that are rotating. The magnets are surrounding the revolving shaft. The attraction power of a small amount of ferrofluid placed in the void between the magnet and the shaft is expected to keep it in place. The fluid of magnetic particles acts as a barrier, preventing junk from entering inside the hard drive. As per Ferrotec experts, ferrofluid seals on rotating shafts generally tolerate 3 to 4 psi and additional seals can be stacked to produce assemblies capable of withstanding higher pressures.

Ferrofluid Market Regional Insights:

The worldwide ferrofluid market is expected to grow at a CAGR of xx% significantly in the Asia Pacific over the forecast period. In terms of quality and innovation, Japan is one of the most advanced countries in the region. For example, Japanese-developed ferrofluids are now being used in Vacuum Feedthrough production, which requires high-quality products. Also, Japan is home to some of the most creative ferrofluid players, a characteristic that has helped the country to achieve significant success. Furthermore, the Asia Pacific ferrofluid market is expected to be driven by the increasing applicability of magnetically operated sensors, rising consumption in the medical sector, and the rising popularity of smart audio devices. Given that the United States has relatively high-quality standards for ferrofluids. The ferrofluids manufactured in the United States are more expensive than those produced domestically. Based on users that use ferrofluids for high-end applications prefer to import them from the United States. North America's main ferrofluid key players are situated in the United States, and this trend is expected to continue over the forecast period. As the region's market is very small, most suppliers prefer to export their products from offshore locations rather than establishing manufacturing facilities there. Apart from the already established automotive sector, numerous industry verticals that use ferrofluids are expected to grow during forecast period, thus widening the demand-supply imbalance, particularly for high-quality organic solvent-based ferrofluids. As a result, the market for ferrofluids in North America is expected to grow significantly over the forecast period.

Recent Advancements:

• In 2019, Fionn Ferreira, an Irish teenager, devised a method for removing microplastics from water using ferrofluids like oil and rust. His proposal was chosen as the winner of the 2019 Google Science Fair. The objective of the report is to present a comprehensive analysis of the global ferrofluid market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global ferrofluid market dynamics, structure by analyzing the market segments and project the global ferrofluid market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Ferrofluid market make the report investor’s guide.

Ferrofluid Market Scope: Inquire before buying

Global Ferrofluid Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 58.39 Mn.
Forecast Period 2022 to 2029 CAGR: 5.20% Market Size in 2029: US$ 87.59 Mn.
Segments Covered: by Type • Water-based • Oil-based • Powder-based • Organic solvent-based
by Application • Loudspeakers • Material science research • Spacecraft propulsion • Analytical instrumentation • Medical • Optics • Energy harvesting

Ferrofluid Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Ferrofluid Market Key Players

Ferrotec Corporation • FerroLabs • Liquids Research Limited • American Elements • Ioniqa Technologies • Anncera LLC • Lord Corporation • M.F.Tech. Ltd. • Novus Biologicals LLC • Reade International Corporation • SINTEF • Boron Rubbers • Magron Co. Limited • Diagnostic Biosensors LLC • Ferro Olitek Pvt. Ltd. • BSRM-India • Selcn International • Sure Fluids • Others Frequently Asked Questions: 1. Which region has the largest share in Global Ferrofluid Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Global Ferrofluid Market? Ans: The Global Ferrofluid Market is growing at a CAGR of 5.20% during forecasting period 2022-2029. 3. What is scope of the Global Ferrofluid market report? Ans: Global Ferrofluid Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Ferrofluid market? Ans: The important key players in the Global Ferrofluid Market are – Ferrotec Corporation, FerroLabs, Liquids Research Limited, American Elements, Ioniqa Technologies, Anncera LLC, Lord Corporation, M.F.Tech. Ltd., Novus Biologicals LLC, Reade International Corporation, SINTEF, Boron Rubbers, Magron Co. Limited, Diagnostic Biosensors LLC, Ferro Olitek Pvt. Ltd., BSRM-India, Selcn International, Sure Fluids, and Others. 5. What is the study period of this market? Ans: The Global Ferrofluid Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Ferrofluid Market Size, by Market Value (US $Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Ferrofluid Market 3.4. Geographical Snapshot of the Ferrofluid Market, By Manufacturer share 4. Global Ferrofluid Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Ferrofluid Market 5. Supply Side and Demand Side Indicators 6. Global Ferrofluid Market Analysis and Forecast, 2021-2029 6.1. Global Ferrofluid Products Market Size & Y-o-Y Growth Analysis. 7. Global Ferrofluid Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 7.1.1. Water-based 7.1.2. Oil-based 7.1.3. Powder-based 7.1.4. Organic solvent-based 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Electronic devices 7.2.2. Mechanical engineering 7.2.3. Cell separations 7.2.4. Loudspeakers 7.2.5. Material science research 7.2.6. Spacecraft propulsion 7.2.7. Analytical instrumentation 7.2.8. Medical 7.2.9. Optics 7.2.10. Energy harvesting 8. Global Ferrofluid Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Ferrofluid Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 9.1.1. Water-based 9.1.2. Oil-based 9.1.3. Powder-based 9.1.4. Organic solvent-based 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Electronic devices 9.2.2. Mechanical engineering 9.2.3. Cell separations 9.2.4. Loudspeakers 9.2.5. Material science research 9.2.6. Spacecraft propulsion 9.2.7. Analytical instrumentation 9.2.8. Medical 9.2.9. Optics 9.2.10. Energy harvesting 10. North America Ferrofluid Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Ferrofluid Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Ferrofluid Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Ferrofluid Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Ferrofluid Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Ferrofluid Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Ferrofluid Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Ferrofluid Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Ferrofluid Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Ferrofluid Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Ferrofluid Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Ferrofluid Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Ferrofluid Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Ferrofluid Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Ferrofluid Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Ferrofluid Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Ferrofluid Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Ferrofluid Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Ferrofluid Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Ferrofluid Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Fungicide Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Ferrofluid Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Ferrofluid Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Ferrofluid Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Ferrofluid Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Ferrofluid Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Ferrofluid Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Ferrofluid Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Ferrofluid Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Ferrofluid Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Ferrofluid Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Ferrofluid Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Ferrofluid Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Ferrofluid Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Ferrofluid Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Ferrofluid Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Ferrotec Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. FerroLabs 45.3.3. Liquids Research Limited 45.3.4. American Elements 45.3.5. Ioniqa Technologies 45.3.6. Anncera LLC 45.3.7. Lord Corporation 45.3.8. M.F. Tech. Ltd. 45.3.9. Novus Biologicals LLC 45.3.10. Reade International Corporation 45.3.11. SINTEF 45.3.12. Boron Rubbers 45.3.13. Magron Co. Ltd. 45.3.14. Diagnostic Biosensors LLC 45.3.15. Ferro Olitek Pvt. Ltd. 45.3.16. BSRM-India 45.3.17. Selcn International 45.3.18. Sure Fluids 45.3.19. Others 46. Primary Key Insights

About This Report

Report ID 117755
Category Material & Chemical
Published Date June 2022
Updated Date
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