by The Emi shielding materials market comprises materials that help block electromagnetic interference and ensure proper functioning of sensitive electronic devices. Emi shielding materials such as conductive coatings, metals, conductive plastics and laminates are used in electronics enclosures, ducting and gaskets to reduce electronic interference. The growing consumer electronics industry and adoption of Internet of Things technologies is propelling the demand for Emi shielding materials significantly.
Global EMI shielding materials market was valued at US$ 8.01 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).
Key Takeaways
Key players operating in the Emi shielding materials are 3M Company, Parker Chomerics, ETS-Lindgren, Henkel AG & Co. KGaA, Kitagawa Industries Co., Ltd., Laird Plc., Leader Tech Inc., PPG Industries Inc., RTP Company, Schaffner Holding AG, and Tech-Etch Inc.
Key opportunities in the EMI Shielding Materials Market Demand include increasing uptake of Emi shielding solutions in automotive industry owing to rising electrification of vehicles. Moreover, ongoing research & development of advanced lightweight and cost-effective Emi shielding materials will present new growth avenues over the coming years.
The global expansion of Emi shielding materials market is driven by growth in countries like China, India, Japan and South Korea. Growing demand for consumer devices in Asia Pacific region is propelling materials suppliers to expand their regional presence in order to capitalize untapped opportunities.
Market drivers
The key driver for the growth of Emi Shielding Materials Companies is the rising demand for consumer electronics products globally. The surging sales of smartphones, laptops, Bluetooth devices, home appliances and other electronic gadgets have significantly driven the need for Emi shielding in electronics packaging. Moreover, increasing electrification of automotive is augmenting the adoption of Emi shielding solutions in vehicles in order to reduce electromagnetic interference and ensure smooth functioning of electronic components.
PEST Analysis
Political: Regulations regarding the use of electronic components and devices have a significant impact on the demand for EMI shielding materials. Governments across regions have implemented stringent emission standards to limit electromagnetic interference.
Economic: Growth of industries such as automotive, aerospace, defense and electronics drives the demand for EMI shielding. Manufacturing sector activity and investments in manufacturing infrastructure is an important determinant.
Social: Increasing use of electronic devices across consumer, medical and other applications has increased focus on the health impacts of electromagnetic waves. This increases the need for effective EMI shielding solutions.
Technological: Developments in 5G networks, Internet of Things, electric/hybrid vehicles require sophisticated EMI shielding materials to effectively absorb or reflect electromagnetic frequencies and enable functionality. New materials with enhanced properties are being researched.
Geographical regions with high market concentration
The Asia Pacific region currently dominates the global market in terms of value, driven by the large scale electronics and automotive manufacturing industries in China, South Korea, Japan and other Southeast Asian countries.
Fastest growing region
The Asia Pacific region is also expected to record the highest growth over the forecast period supported by rising electronics exports, adoption of electric vehicles and ongoing infrastructure development projects. Countries like India and China are major global manufacturing hubs seeing expanded capacity additions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn
