According to a new market report published by Credence Research “Global EMI Shielding Materials Market Growth, Future Prospects and Competitive Analysis, 2018 – 2026,” the EMI shielding materials market is expected to grow at a CAGR of 5.6% from 2018 to 2026.
Electromagnetic Interference (EMI) shielding can be defined as absorption or reflection of electromagnetic radiation with the help of materials positioned in the way of the electromagnetic waves. EMI shielding is gaining traction in electronics industry, owing to increasing usage of electronics in different end-use industries such as defense & aerospace, healthcare, consumer electronics, telecom & IT and so on. EMI shielding materials such as conductive coatings, metals, laminates and others are used to prevent malfunctioning of electronic devices by filtering the incoming and outgoing interferences. High demand of EMI shielding materials from 4G/LTE cellular infrastructure worldwide and compliance to EMI regulations are major factors fuelling the growth of the EMI shielding materials market. EMI shielding materials market is growing due to the rapid increase in sources generating electromagnetic fields and the reliability of these materials to protect the electronic devices from electromagnetic radiation. However, the high cost of EMI shielding increases the overall cost of devices. Hence, selection of right materials play a very crucial role in the pricing of any electronic/electrical device. EMI shielding material must be both cost-effective as well as comply with emission standards laid down by European Union under initiatives such as Restriction of Hazardous Substances (RoHs) and Waste Electrical and Electronic Equipment (WEEE), and capable of being safely disposed of or recycled at the end of product life.
Companies operating in the EMI shielding materials market are focusing on research and development to produce innovative products with advanced specifications in terms of operating frequencies, material compatibility, corrosive considerations, operating environment, shielding, grounding, EMC compliance, load & forces and cost. Manufacturers are also resorting to strategic partnerships and mergers & acquisitions to expand their reach in the market. For instance, on 1st July 2017, Parker Hannifin Corporation acquired Germany based Jager Automotive Polska Sp. z.o.o., thus strengthening Parker’s position in the engineered materials market.
The key players in EMI shielding materials market are: 3M, Parker Chomerics, ETS – Lindgren Inc., Henkel AG, Laird PLC., PPG Industries Inc., LG Chem Ltd., Leader Tech, Incorporated., Parket Hanfin Corporation, KGS Kitagawa Industries Co. Ltd., PPG Industries, RTP Company, Schaffner Holdings AG, Tech-Etch, Inc.
Browse the full EMI Shielding Materials Market Report at http://www.credenceresearch.com/report/emi-shielding-materials-market
- Commoditization of consumer electronics, increasing use of electronics components and systems in automotive and telecom industry, and growing popularity of the hybrid vehicles is expected to drive the EMI shielding materials market
- Asia Pacific region offers several growth opportunities for the EMI shielding materials market owing to flourishing automotive and consumer electronics industry