The Global MR Fluid (MRF) Market was valued at US$ 70 Million in 2022 and is projected to reach US$ 131 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period (2023–2029). This robust growth is fueled by increasing demand for advanced damping and actuation systems in the automotive sector, expanding applications in aerospace and defense, and the rising adoption of smart materials in industrial automation and robotics.

As industries worldwide pivot towards intelligent, responsive systems, the role of Magnetorheological Fluids—materials that change viscosity instantaneously under a magnetic field—has become critically important. In this blog, we profile the Top 10 Companies in the MR Fluid (MRF) Industry, a group of specialized chemical manufacturers and technology pioneers shaping the future of controllable fluid dynamics.

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🔟 1. Lord Corporation (Parker Hannifin)

Headquarters: Cary, North Carolina, USA
Key Offering: MRF-132DG, MRF-140CG, and custom MR fluid formulations

Following its acquisition by Parker Hannifin, Lord Corporation remains the undisputed global leader in MR fluid technology. With decades of research and development, Lord’s MR fluids are the industry benchmark, used in high-performance automotive suspensions, building damping systems, and precision industrial equipment.

Innovation Initiatives:

• Pioneering research in sedimentation stability and temperature tolerance

• Development of MR fluids for next-generation vehicle semi-active suspension systems

• Strategic integration into Parker Hannifin’s motion and control portfolio

Download FREE Sample Report: MR Fluid (MRF) Market – View in Detailed Research Report

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9️⃣ 2. QED Technologies International

Headquarters: Rochester, New York, USA
Key Offering: MRF polishing fluids for optics and semiconductors

QED Technologies specializes in Magnetorheological Finishing (MRF®), a proprietary process that uses MR fluids for deterministic polishing of complex optical surfaces. Their technology is critical for manufacturing precision lenses, mirrors, and semiconductor components with sub-nanometer surface accuracy.

Innovation Initiatives:

• Continuous advancement of MRF® fluid formulations for new material substrates

• Expansion into high-volume manufacturing for consumer electronics optics

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8️⃣ 3. Liquids Research Limited

Headquarters: Bangor, Wales, United Kingdom
Key Offering: Custom MR fluid development and small-batch production

Liquids Research Limited is a specialized chemical company focusing on the development and manufacture of advanced fluids, including MR fluids for research institutions and industrial clients. They excel at creating tailored formulations to meet specific application requirements across various sectors.

Innovation Initiatives:

• Collaborative R&D projects with universities and corporate partners

• Development of environmentally friendly carrier fluids for MR applications

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7️⃣ 4. Arus MR Tech

Headquarters: Seoul, South Korea
Key Offering: MR fluids for automotive and industrial dampers

Arus MR Tech is a leading Korean manufacturer of MR fluids, serving the growing Asian market for advanced damping solutions. The company supplies fluids for automotive OEMs, particularly in the luxury and performance vehicle segments, and for seismic damping applications in construction.

Innovation Initiatives:

• Focus on cost-effective production for mass-market automotive adoption

• Development of high-torque MR fluids for clutch and brake applications

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6️⃣ 5. CK Materials Lab Co., Ltd.

Headquarters: Pohang, South Korea
Key Offering: MR fluids for research and specialized industrial applications

CK Materials Lab is a research-driven company that develops and supplies high-quality MR fluids primarily to academic institutions and industrial R&D departments. Their products are known for consistent quality and are used in prototyping new MR-based devices and systems.

Innovation Initiatives:

• Development of nano-particle based MR fluids for enhanced performance

• Collaboration with Korean research institutes on next-gen smart materials

Download FREE Sample Report: MR Fluid (MRF) Market – View in Detailed Research Report

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty chemicals including advanced fluid systems

While not exclusively an MR fluid manufacturer, BASF’s vast expertise in chemical production and material science positions it as a significant player in the smart materials space. The company’s research into magnetic nanoparticles and carrier fluids contributes to advancements in MR technology.

Innovation Initiatives:

• Research into novel surfactant systems for improved MR fluid stability

• Development of high-temperature stable carrier fluids for demanding applications

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4️⃣ 7. Kolektor Group

Headquarters: Idrija, Slovenia
Key Offering: MR fluid components and system integration

Kolektor Group, through its various divisions, engages in the development and application of MR technology, particularly in automotive systems. The company’s expertise in magnets and electromagnetic systems complements its work with MR fluids for advanced damping solutions.

Innovation Initiatives:

• Integration of MR fluid technology into automotive active suspension systems

• Development of compact MR dampers for space-constrained applications

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3️⃣ 8. Dow Silicones Corporation (Dow Inc.)

Headquarters: Midland, Michigan, USA
Key Offering: Silicon oil carrier fluids for MR applications

Dow is a key supplier of high-quality silicone oils, which serve as the carrier fluid in many MR fluid formulations. Their consistent, high-purity products are essential for manufacturers seeking to produce stable, high-performance MR fluids with predictable rheological properties.

Innovation Initiatives:

• Development of specialized silicone oils with optimized viscosity and temperature profiles

• Collaboration with MR fluid manufacturers on next-generation formulations

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2️⃣ 9. Ioniqa Technologies

Headquarters: Eindhoven, Netherlands
Key Offering: Sustainable materials for advanced applications

Ioniqa Technologies focuses on sustainable material innovations, including developments that could impact the MR fluid industry. Their work on magnetic nanoparticles and recycling technologies presents potential pathways for more environmentally friendly MR fluid production.

Innovation Initiatives:

• Research into recyclable and bio-based carrier fluids

• Development of sustainable production methods for magnetic particles

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1️⃣ 10. Proterial, Ltd. (formerly Hitachi Metals)

Headquarters: Tokyo, Japan
Key Offering: Magnetic materials and advanced metal powders

Proterial is a crucial supplier of high-quality magnetic powders used in MR fluid production. Their expertise in metallurgy and powder technology ensures consistent particle size distribution and magnetic properties, which are critical for reliable MR fluid performance.

Innovation Initiatives:

• Development of specialized iron powders with optimized magnetic characteristics

• Research into coated particles for improved sedimentation stability

Get Full Report Here: MR Fluid (MRF) Market – View in Detailed Research Report

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🌍 Outlook: The Future of MR Fluids Is Smarter and More Integrated

The MR fluid market is experiencing a technological renaissance. While traditional damping applications continue to dominate, the industry is investing significantly in next-generation formulations, miniaturized systems, and integration with IoT and AI platforms for predictive control.

📈 Key Trends Shaping the Market:

• Rapid adoption in automotive semi-active and active suspension systems

• Expansion into medical devices, including prosthetic limbs and haptic interfaces

• Development of MR fluids for robotics and exoskeleton applications

• Increasing R&D into environmentally sustainable formulations and production methods

Get Full Report Here: MR Fluid (MRF) Market – View in Detailed Research Report

The companies profiled above are not only supplying a remarkable smart material—they are enabling a future where mechanical systems respond intelligently and instantaneously to changing conditions, making everything from cars to buildings to industrial equipment safer, more comfortable, and more efficient.