EMI RFI Shielding Materials Market

The global EMI and RFI shielding materials market is projected to register a robust CAGR of 6.05% during the forecast period (2018– 2023). The global market, in terms of value, is expected to reach USD 11,210.81 million by the end of 2023. The primary factors driving the growth of the global market are increasing applications of EMI shielding in electronic devices, growing development of telecommunication infrastructure, and compliance with stringent EMC/EMI regulations. Furthermore, the growing popularity of EMI shielding in automobile applications and surging demand for smartphones in developing and emerging economies are projected to propel the global market growth during the review period.

However, the high cost associated with the EMI and RFI shielding is likely to hinder the growth of the global market during the forecast period.

The global EMI and RFI shielding materials market is segmented on the basis of material, product, end-use, and region.

Based on material, the global market is categorized into metals, plastics and polymers, mu-metal, conductive elastomers, and carbon and graphite. Among these, the metals segment held the largest market share of 48.36%, by value, in 2017 and is projected to reach USD 5,331.99 million by the end of 2023. This is mainly attributed to the widespread use of the metals in EMI shielding coatings and paints, metalized plastics, conductive fabric, EMI enclosures, and other EMI shielding components. Yet, the plastics and polymer segment is projected to exhibit a higher CAGR of 7.02% owing to widening scope of applications for conductive or metal-filler plastics in EMI shielding. Additionally, high corrosion resistance, low specific weight, plasticity, and simple and low-cost processing methods offered by plastics and other polymers are the key factors resulted in increased use of plastics and polymers in the EMI and RFI shielding.

On the basis of product, the global market is divided into coatings and paints, EMI enclosure, gaskets, vents and filters, tapes and laminates, and others. The coatings and paints segment was valued at USD 2,310.27 million in 2017 and is estimated to register a CAGR of 6.61% during the forecast period. This is mainly due to its enhanced EMI and RFI shielding property, easy application, aesthetic appeal, excellent adhesion to surface, and superior corrosion resistance. Yet, the tapes and laminates segment is expected to register a high CAGR owing to its affordability, 100% shielding, excellent conformability/wrap-ability, corrosion resistance, excellent electrical conductivity, easy application, and better appearance.

By end-use, the global market is categorized into consumer electronics, IT & telecommunication, automotive, defense, medical, and others. Among these, the consumer electronics segment held 48.78% share of the global market in 2017 and is estimated to exhibit a high CAGR of 6.66% to reach USD 5,659.43 million by the end of 2023.

Geographically, in 2017, the global market was dominated by the Asia-Pacific market with a share of 46.88%; it is projected to register a high CAGR of 6.89% to reach USD 5,510.42 million by the end of 2023. The significant growth of the consumer electronics and IT & telecommunication industry in the region is majorly driving the demand for EMI and RFI shielding materials. China, South Korea, and India are the major contributors to the growth of the EMI and RFI shielding materials market in the region.