by The Emi shielding materials market has been gaining significant traction over the recent years due to the widespread adoption of electronics and electrical equipment across various end-use industries. EMI shielding materials play an important role in blocking electromagnetic radiation and shielding electronic components from external interference. Some of the commonly used EMI shielding materials include conductive coatings and paints, shielding tapes and laminates, conductive polymers, and metal shielding products. These materials provide effective electromagnetic and radiofrequency interference protection to sensitive components of devices without compromising its functionality. The growing production of consumer electronics and automotive electronics has augmented the need for EMI shielding solutions to maintain the integrity of circuit operations.
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.
The rising demand for consumer electronics and wearable devices has been fueling the EMI Shielding Materials Market Growth. Stringent EMI regulations for electronic devices are further driving market expansion.
Major players have been making considerable investments in the development of advanced EMI shielding product portfolios and expanding their global footprint to leverage growth opportunities in emerging markets.
Market key trends
One of the prominent trends gaining traction in the Emi Shielding Materials Companies is the increasing adoption of environment-friendly products. Manufacturers are focusing on developing bio-based and hybrid EMI shielding materials incorporated with natural and recycled materials to reduce manufacturing waste. Materials such as coconut shell-based polymer composites offer comparable EMI shielding effectiveness while providing sustainability benefits. The growing emphasis on green technologies is expected to mold the materials selection patterns in the coming years.
Porter’s Analysis
Threat of new entrants: New entrants face high investment requirement for setting up manufacturing facilities.
Bargaining power of buyers: Buyers have moderate to high bargaining power due to availability of multiple players offering substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials used in EMI shielding are commodity chemicals and are available from multiple sources.
Threat of new substitutes: Substitute products offer moderate threat as other shielding solutions like copper and aluminum foils provide cost-effective alternatives.
Competitive rivalry: Intense competition exists among existing players to gain higher market share.
Geographical Regions
North America holds the largest share of the global EMI shielding materials market, in terms of value. strict regulations regarding electromagnetic interference emissions make North America an attractive market. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapid industrialization and the growing electronics industry in China, India, South Korea, and Japan are driving the demand for EMI shielding materials in Asia Pacific.
*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
