Global EMI Shielding Materials Market Is Estimated To Witness High Growth Owing To Rising Penetration Of 5G Technology

 

EMI Shielding Materials
EMI Shielding Materials

Overview:

EMI shielding gaskets, made of an elastomeric material such as rubber, are filled with conductive materials that help protect electrical devices from electromagnetic interference. However, these gaskets can become de-bonded to the elastomer, reducing their durability. There are a wide range of EMI shielding materials available, including wire mesh and screens, metallic foil or plaited braid, cable braid, and coaxial cables. EMI shielding materials are designed to protect sensitive electronic components, such as printed circuit boards and speakers, from EM waves that can cause damage. Copper, aluminum, and silver are the most popular metals for EMI shielding as they provide a balance between cost and effectiveness. They are also the most widely used due to their excellent electrical conductivity and magnetic permeability.

Market Dynamics:

Increasing product launches are estimated to augment growth of the global EMI shielding materials market during the forecast period. For instance, Parker Chomerics launched a moisture-cured, silver-plated, and aluminum-filled silicone material Choform 5575, in May 2022. The company is aiming to offer more protection from electromagnetic interference and overheating to drones. Moreover, growing complexities in shielding modern compact devices are anticipated to restrain growth of the global EMI shielding materials market during the forecast period.

Impact of COVID-19:

COVID-19 impacted almost business globally. It was announced as a global public health emergency in 2020 by the World Health Organization. The pandemic resulted in shutting down of manufacturing facilities and nationwide lockdowns in many areas. The EMI shielding market was also facing challenges owing to the pandemic. As many nations banned export and import activities, manufacturers and customers globally were facing difficulties. Supply chains were also disrupted during the pandemic and there was a shortage of raw materials. All these factors had a huge negative impact on the growth of the global EMI shielding materials market during the pandemic.

Key Takeaways:

 

The global EMI shielding materials market is estimated to witness robust growth, exhibiting CAGR of 5.67 % during the forecast period, due to growing adoption of inorganic strategies by key players. For instance, PPG and Meta Materials, a developer of high-performance functional materials signed a MoU in May-2022. Both the companies are aiming to bring a novel ophthalmic smart device.

Asia-Pacific is anticipated to witness significant growth in the global EMI shielding materials market during the forecast period, owing to growing industrialization and increasing demand for EMI shielding solutions.  

Key players active in the global EMI shielding materials market are MG Chemicals, 3M Company, RTP Company, Inc., PPG Industries, Inc., Nolato AB, Parker Hannifin Corporation,  Leader Tech, Inc., Laird Technologies, Inc., Schaffner Holding AG,  Henkel AG & Company, and KGaA.

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