Increasing Consumer Electronics boosts EMI Shielding Materials Market Growth

 

EMI Shielding Materials Market

EMI Shielding Materials Market, by Components (Paints, Metal Shielding Products, Conductive Coatings and EMI Filters, EMI Shielding Tapes & Laminates and  Conductive Polymers), by Applications (Telecommunication and IT, Healthcare,  Consumer Electronics, Aerospace And Defense and Automotive), and by Geography - Opportunity Analysis , Insights, Share , Size, and Industry Forecast till 2025

The global EMI Shielding Materials market is estimated to be valued at US$ 8.01 Billion in 2021 and is expected to exhibit a CAGR of 5.67% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The electromagnetic shielding materials comprise of metals, cement, carbon, conductive polymers and related composites. The combined materials comprise the main path for the development of the EMI Shielding materials. Metal sheets, screen and foam are used for EMI Shielding. EMI shielding are known to absorb or reflect the electromagnetic radiation with the help of materials which are arranged in an electromagnetic pathway.

Competitive Landscape:

The major companies operating in the global EMI shielding materials market are 3M Company, Henkel AG & Co. KGaA, Leader Tech Inc., Chomerics, Schaffner Holding AG, RTP Company, ETS-Lindgren, Kitagawa Industries Co., Ltd.,  Laird Plc., PPG Industries Inc., and Tech-Etch Inc.

Drivers:

The rising demand of the consumer electronics is anticipated to augment the growth of the global EMI shielding materials market. As per Statista, nearly 30% of people use consumer electronics in 2022 and is expected to reach 37.2% by 2025.

Furthermore, EMI Shielding materials in automobile devices such as automatic sliding doors, remote starters and several others to drive the growth of the global EMI Shielding materials market. For instance, as per NCBI, around 32.9% regular car users and 27.4% occasional users utilized a remote starter at the times of winter.

Covid-19 Impact Analysis:

The Covid-19 outbreak had to an adverse impact on the global EMI Shielding materials market due to the imposition of lockdowns by several officials and the automotive industry also has a very less demand which led to the decline of industrial operations.

Key Takeaways:

The EMI Shielding materials market is expected to exhibit a CAGR of 8.01 % during the forecast period owing to frequent approvals, collaborations and quick product launches. For instance, in 2021, Henkel partnered with the clinical technology company Smartz AG to advance smart adult care solution.

Among regions, North America, Asia Pacific and Europe are anticipated to witness robust growth in the global EMI Shielding materials market due to rising usage of electronic systems, rising number of consumer electronics in telecom department, usage of 5G network in several regions.  As per Statista, 1.3 Million people use 5G in US and is anticipated to reach nearly 168Mn by 2024.