According to Market Research Future (MRFR), the global Emi Shielding Materials Market expected to achieve a valuation of USD 11,210.81 million at a 6.05% CAGR from 2022 to 2030. The report explores the main developments in the global EMI and RFI shielding materials market in the context of the novel COVID-19 pandemic. The report offers a detailed summary of various aspects of the industry that are likely to be hit by the pandemic.
EMI and RFI shielding are necessary for electronic devices to inherently affect and control other electrical objects within their range due to electrical fields' properties. This natural phenomenon makes it hard to operate several electronic devices nearby, since each of them will set off the other, with the operation of the electromagnetic field. This makes EMI and RFI shielding material vital to electronics.
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Key Players
Leading participants in the global EMI and RFI shielding materials market include RTP Company (U.S.), Chomerics (U.S.), PPG Industries, Inc. (U.S.), Laird PLC (U.K.), Henkel AG Co. KGaA (Germany), 3M (U.S.), Schaffner Holding AG (Switzerland), AI Technology, Inc. (U.S.), Orion Industries Incorporated (U.S.), Tech-Etch, Inc. (U.S.), MAJR Products (U.S.), and Holland Shielding Systems BV (The Netherlands).
Market Dynamics
Over the forecast period, the booming consumer electronics industry is likely to be a significant driver for the global EMI and RFI shielding market. In addition to smartphones, the consumer electronics industry has expanded at a staggering rate over the past few years and is likely to report stable growth figures over the forecast period owing to the growing disposable income of consumers in developing regions and the rising popularity of smartphones and other consumer electronics.
Growing government efforts to strengthen the electricity distribution infrastructure in developing countries are also likely to be a significant driver for the global market for EMI and RFI shielding materials over the forecast period. Power grids have become a major problem in many developing countries, as providing access to electricity is one of the government's basic duties. The growing demand for renewable energy has contributed to a further rise in the overall volume of power grids. This is likely to increase demand for the EMI and RFI shielding materials market over the forecast period.
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Market Segmentation
The global market for EMI and RFI shielding materials are segmented based on material, product type, and end-use.
By material, the global EMI and RFI shielding materials market has been segmented into metals, mu-metal, carbon and graphite, plastics and polymer, and conductive elastomers. The metals segment accounted for a significant share in the global market for EMI and RFI shielding materials in 2017 and is expected to continue leading over the forecast period due to the widespread use of metals in EMI and RFI shielding applications. Nevertheless, the plastics and polymer segment are projected to have a higher CAGR of more than 7% during the evaluation period due to higher electrical resistance of plastics and polymers, contributing to more effective EMI and RFI shielding.
By product type, the global EMI and RFI shielding materials market has been segmented into paints and coatings, vents and filters, EMI enclosures, gaskets, tapes and laminates, and others. The paint and coating segment is likely to stay dominant throughout the forecast period, with a CAGR of 6.61%. The tapes and laminates segment are also expected to display high CAGR over the forecast period due to an increasing awareness of their higher electrical resistance and higher efficiency in the blocking of EMI and RFI.
By end-use, the global EMI and RFI shielding materials market has been segmented into consumer electronics, medical, defense, automotive, IT and telecommunications, and others. The segment for consumer electronics held almost half of the market share valued in 2017 and is anticipated to have a robust CAGR during the forecast period.
Regional Analysis
Regionally, the global market for EMI and RFI shielding materials has been segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.
The Asia Pacific held a dominant 46.88% market share in the EMI and RFI shielding materials market in 2017. It is likely to remain on top during the forecast period due to increasing demand from the consumer electronics industry and growing government efforts to improve power grid coverage.
North America was second on the global market in 2017 due to a massive demand for consumer electronic products. It is expected to have a CAGR of 5.20% during the forecast period. The introduction of 5 G technology, combined with the demand for EMI and RFI shielding materials in the aerospace industry, will stimulate market growth.
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