Market Overview:
India, Maharashtra, Pune - Market Research Future
(MRFR) projected the Global EMI and RFI Shielding Materials Market size
to touch a valuation of USD 11,210.81 million by 2023. Factors
fueling market growth include development of telecommunication infrastructure,
compliance with electromagnetic compatibility (EMC)/electromagnetic
interference (EMI), and application of EMI shielding on electronic
applications. The market can exhibit a stupendous 6.50% CAGR during the
forecast period (2018-2023).
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Massive demand for high Internet speeds from end-users has
led to massive investment by telecom providers. The use of EMI and RFI coatings
to prevent loss of information due to interference can drive market demand
exponentially. Deployment of 5G technology in the U.S. and South Korea is
likely to offer new expansion opportunities for the market.
But high costs of shielding can act as a growth deterrent.
Competitive Analysis:
·
Chomerics (U.S.)
·
Laird PLC (U.K.)
·
PPG Industries, Inc. (U.S.)
·
Henkel AG & Co. KGaA (Germany)
·
RTP Company (U.S.)
·
3M (U.S.)
·
Schaffner Holding AG (Switzerland)
·
Tech-Etch, Inc. (U.S.)
·
AI Technology, Inc. (U.S.
·
Orion Industries Incorporated (U.S.)
·
MAJR Products (U.S.)
·
Holland Shielding Systems BV (The Netherlands)
Segmentation Analysis:
The global EMI
and RFI shielding materials market is segmented by material, product,
and end-use.
By Materials, metals accounted for 48.36% share in 2017,
followed by plastics & polymers, mu-metal, conductive elastomers , carbon
& graphite , and others . This can be attributed to the use of metals in
EMI shielding components, EMI enclosures, and EMI shielding coatings. On the
other hand, plastics and polymers can exhibit 7.02% CAGR over the assessment
period owing to the wide scope for metal-filler plastics.
By Product, coatings & paints is expected a robust
growth of CAGR by 2023. This can be attributed to the enhanced EMI and RFI
shielding property and aesthetic appeal it offers to devices. But the tapes and
laminates segment can accrue a robust CAGR due to its corrosion resistance,
electrical conductivity, and 100% shielding.
By End-use, consumer electronics accounted
for 48.78% share in 2017, followed by IT & telecommunication
and automotive.). Consumer electronics can exhibit 6.66% CAGR during the
forecast period. The use of RFI and EMI shielding materials on flat-screen
displays, laptops, and smartphones can drive the segment growth. The growth is
also facilitated by deployment of novel networking technologies. On the flip
side, the automotive segment can exhibit 6.10% CAGR during the forecast period.
This can be credited to the integration of new electronic devices which warrant
EMI and RFI shields.
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Regional Analysis:
Geographically, the EMI and RFI shielding materials market
is segmented into Europe, Asia Pacific (APAC), North America, Latin America,
and the Middle East & Africa (MEA).
The APAC region accounted for the largest
market share in 2017 and is expected to register a CAFR of 6.89% during
the forecast period. The explosive growth in consumer electronics and IT
& telecommunication sectors can fuel the demand for EMI and RFI shielding
materials.
The North America region held close
to 20.54% share of the EMI and RFI shielding materials market due to
intense demand for consumer electronic devices. The aerospace industry offers a
prime opportunity for the market to capitalize on. Aircraft have fallen prey to
lightning and solar flares which have caused radiofrequency interference
leading to fatalities. RFI shielding materials can help avert disasters and
induce the demand for RFI-coated printed circuit boards.
Latin America is touted to exhibit moderate CAGR during the
assessment period. This can be attributed to rapid use of smartphones by
consumers and development of telecommunication infrastructure to cater to online
consumption demands of users.
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