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Ferro fluids find numerous applications in optics-based products, owing to their liquid and magnetic properties. For instance, they are used in the production of optical switches, optical grating, nonlinear optical materials, magneto-optical wavelength filter, tuneable optical fibre filter, and optical modulators, among others. Ferro fluids can be used in the production of liquid seals that offer long-term stability in ion implanters, vacuum furnaces, arch dischargers, vacuum chunk mechanism, gas induction mechanism, x-ray generators, robots, epitaxial growth system, etching system, CVD equipment, and pump applications, among others. Ferro fluids are currently being utilised in the manufacturing of loudspeakers because these fluids can eliminate heat from the voice coil and passively decelerate the cone’s movement. Furthermore, ferro fluids are deployed in the non-destructive testing of several components like turbine blades, magnetic tapes, and stainless steels.
Some key industrial developments have shown the potential to be the key drivers of the market growth in the near future. For instance, Gamma Biosciences, which is a life sciences tool platform, has recently made the acquisition of BioMagnetic Solutions (BMS), which is a company that works with bio-separation and next-gen cell selection technology. BMS has successfully used nanoscale ferro fluids for the development of immunomagnetic cell separation systems, which can now be used for several bio-separation applications. Hence, important developments like this can help in propelling the future growth of the ferro fluids market.
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The major players in the global ferro fluids market are Ferrotec Corporation, Liquid Research Limited, and Anncera LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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