The market is being driven by an increase in demand for Emi Shielding Materials. Increasing industrialisation is one of the primary factors driving market expansion. Additionally, the increased use of EMI shielding in consumer electronics is propelling market expansion. In accordance with this, manufacturers are including conductive coatings and paints that provide EMI shielding for non-metallic surfaces and plastics in cell phones, telecommunications, medical, and military systems. Aside from that, considerable expansion in the automobile industry is positively impacting market growth. Tenneco Inc. will release the ROUNDIT EMI XWS in April 2020, and NX EMI devices with weight-saving wire filaments. ROUNDIT 2000 NX EMI shields wire and cable bundles mechanically and electrically. The regulatory authorities' rigorous EMI emission requirements are one of the reasons driving the growth of the EMI shielding materials market. Other factors driving market expansion include increased use of electronic systems in different industries like as autos and healthcare, quick development of 4G/LTE infrastructure, and rising need for next generation integrated electronic circuits as smart phones and devices become more popular. The high cost of producing EMI shielding materials, particularly in large industries such as military and aerospace, is a major impediment to the market's growth.
According to Coherent Market Insights, Global EMI Shielding Materials Market was valued at US$ 8.01 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).
Leading Companies in the EMI Shielding Material Industry:
1. 3M Company
M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
2. Parker Chomerics
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
3. ETS-Lindgren
ETS-Lindgren is recognized by clients the world over as the leading supplier of energy management solutions for the industrial and commercial markets. The company was founded in 1995, headquartered in Texas, U.S.
4. Henkel AG & Co. KGaA
Henkel AG & Co. KGaA, together with its subsidiaries, engages in the adhesive technologies, beauty care, and laundry and home care businesses worldwide. This segment markets its products primarily under the Persil, Bref, Purex, all, and other brands. Henkel AG & Co. KGaA was founded in 1876 and is headquartered in Düsseldorf, Germany.
5. Kitagawa Industries Co., Ltd.
Kitagawa Corporation manufactures and supplies synthetic metals, power chucks and NC rotary tables, and industrial machinery in Japan and internationally. Kitagawa Corporation was founded in 1918 and is headquartered in Fuchu, Japan.
6. Laird Plc.
Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in mission critical wireless applications and antennae systems. The company was founded in 1824, headquartered in London, U.K.
7. PPG Industries Inc.
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. In November 2020, PPG Industries introduced PPG TESLIN EMI/RF (electromagnetic interference/radio-frequency) shielding material for electronic passports (e-passports) and other electronic security documents. This EMI shielding material offers enhanced RF-shielding.
8. RTP Company
RTP Company is a plastics company that manufactures engineered thermoplastic compounds.
The company was founded in 1982, headquartered in Minnesota, U.S.
9. Schaffner Holding AG
Schaffner Holding AG, together with its subsidiaries, develops, manufactures, and sells solutions for power electronic systems worldwide. The company operates through three segments: Electromagnetic Compatibility (EMC), Power Magnetics, and Automotive. Schaffner Holding AG was founded in 1962 and is headquartered in Luterbach, Switzerland.
10. Tech-Etch Inc
Tech-Etch Inc. provides precision products. The Company manufactures and distributes thin metal flat and formed parts, EMI/RFI shielding, and flexible printed circuits. Tech-Etch markets its products to high tech equipment manufacturers throughout the United States. The company is headquartered in Boston, founded in 1964.
*Definition- Electromagnetic interference (EMI) shielding materials are materials used to protect electronic equipment or devices from harm caused by electromagnetic interference.
