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:
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.
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.
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.
Henkel AG & Co. KGaA
