EMI & RFI Shielding Materials Market 2019 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Demand, Competitive Landscape and Growth by Forecast 2023

EMI & RFI Shielding Materials Market_Market Research Future (MRFR)

Market Overview:

The global EMI and RFI shielding materials market is expected to exhibit a strong 6.05% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The EMI and RFI shielding materials market is mainly driven by the growing consumer electronics industry, which requires EMI and RFI shielding materials in large volumes to counter the effect of consumer electronics on other electronic items in their vicinity. EMI and RFI (electromagnetic interference and radiofrequency interference) are interference patterns set about by electronic circuitry as a natural aspect of their electrical nature. This natural phenomenon can become a problem for end users, as it can interfere with the functioning of other electrical items around the source of EMI or RFI.

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The growing consumer electronics industry is likely to be the major driver for the global EMI and RFI shielding materials market over the forecast period. The consumer electronics industry has grown rapidly in recent years with the rapid development of urban environments in developing countries. The smartphone industry has also prospered in recent years thanks to the growing disposable income of consumers around the world. The consumer electronics industry is further likely to grow in scope over the forecast period with the growing urbanization being observed in Asia Pacific and other developing areas of the world. Consumer electronics, especially household electronics and smartphones need strong levels of EMI and RFI shielding, as they are often used in close vicinity to each other and thus may affect each other’s functioning if EMI or RFI shielding were not present. This is likely to drive the global EMI and RFI shielding materials market over the forecast period.

The increasing efforts being taken by governments to increase coverage of electrical power across their territories, especially in developing regions of the world, is also likely to be a major driver for the global EMI and RFI shielding materials market over the forecast period. Power distribution infrastructure requires a large amount of EMI and RFI protection, as the high voltages involved in power distribution infrastructure can have a significant impact on nearby electronic systems. The growing power distribution industry around the world is thus likely to be a major driver for the global EMI and RFI shielding materials market over the forecast period.

Competitive Analysis:

Holland Shielding Systems BV
MAJR Products
Orion Industries Inc.
AI Technology Inc.
Tech-Etch Inc.
Schaffner Holding AG
3M, RTP Company
Henkel AG & Co
KGaA
PPG Industries Inc.
Laird PLC
Chomerics

In October 2018, Schaffner launched a series of new RFI filters with IEC inlet C14 or C20. The filters comply with the RoHS II directive and have international safety approvals.

In August 2018, PPG announced plans to build a new paints and coatings R&D center in Tianjin, China.

Segmentation:

The global EMI and RFI Shielding Materials Market is segmented on the basis of material, product type, end use, and region.

By material, the EMI and RFI shielding materials market is segmented into plastics and polymer, metals, mu-metal, carbon and graphite, and conductive elastomers. The metals segment accounted for the largest share in the global EMI and RFI shielding materials market in 2017 and is likely to remain the leading segment over the forecast period. However, the share of the plastics and polymers segment is also expected to grow over the forecast period due to the higher electrical resistance of plastics and polymers.

By product type, the EMI and RFI shielding materials market is segmented into paints and coatings, EMI enclosures, gaskets, tapes and laminates, vents and filters, and others. The paints and coatings segment is expected to remain dominant over the forecast period, with the tapes and laminates segment also exhibiting a high CAGR due to their higher efficiency in blocking out EMI/RFI.

By end use, the global EMI and RFI shielding materials market is segmented into consumer electronics, automotive, IT and telecommunications, medical, defense, and others. The consumer electronics segment accounted for nearly half the global EMI and RFI shielding materials market in 2017 and is likely to remain the leading end user over the forecast period due to the growing scope of the consumer electronics sector in developing regions.

Regional Analysis:

Asia Pacific is likely to remain the dominant regional market for EMI and RFI shielding materials over the forecast period due to the growing consumer electronics industry in the region. The Asia Pacific region held a strong 46.88% share in the global EMI and RFI shielding materials market in 2017. North America is the second largest regional market and is expected to exhibit a strong 5.2% CAGR over the forecast period.

Get complete Research Report on “EMI & RFI Shielding Materials Market Research Report- Global Forecast to 2023” at: https://www.marketresearchfuture.com/reports/emi-rfi-shielding-materials-market-7687

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