Industry/ Innovation/ Related News:
June 05, 2019 ---- PPG
Industries, Inc. (the US), a leading global supplier of paints, coatings, and
specialty materials launched its new product - PPG TESLIN® EMI/RF
(electromagnetic interference/radiofrequency) shielding material. It is a
flexible, moldable, and affordable shielding solution that can be customized to
provide specific shielding functionality and performance.
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The patent of
the material is pending with the US Patent & Trademark Office. The new PPG
Teslin EMI & RF shielding material is designed for electronic applications
that require shielding to function properly and to protect RF transponders,
providing a durable grounding path. Also, this material is gaining interest as
a shielding solution for advanced electronic passports (e-passports) due to its
ability to protect against fraudulent access to travelers’ personal data,
thereby increasing document security.
Major Players:
·
Laird PLC
·
Chomerics
·
PPG Industries, Inc.
·
RTP Company
·
Henkel AG & Co. KGaA
·
3M
·
Tech-Etch, Inc.
·
Schaffner Holding AG
·
AI Technology, Inc.
·
MAJR Products
·
Orion Industries Incorporated
·
Holland Shielding Systems BV
Market Insights:
The global EMI & Rfi
Shielding Material Market Analysis is growing steadily, mainly
attributes to the vitality of these materials in electronic devices. Over
recent years, the consumer electronics industry has grown strongly, which is
acting as a significant tailwind to market growth. The proliferation of
smartphones and other smart connected devices is accelerating the growth of the
market, escalating it on the global platform.
According to a renowned research firm -
Market Research Future (MRFR), the global EMI and RFI shielding materials
market is
set to reach USD 11,210.81 MN by 2023. In its recently published research, MRFR
also asserts that the market would register a CAGR over 6.05% throughout the forecast period (2018 – 2023). The
increasing popularity of smartphones and other consumer electronics, especially
in emerging regions led by improving economic conditions, impacts the market
growth, hugely.
Besides, increasing government efforts being
taken to upgrade the electricity distribution infrastructure are influencing
the growth of the market, majorly. The increasing demand for renewable energy
has fueled the growth in the numbers of overall power grids. Moreover,
increasing expenditures on research activities and the augmenting demand for
EMI & RFI shielding materials due to the rapid growth in the automotive
industry are providing impetus to the growth of the market.
Industry
Segmentation:
The report is segmented into four dynamics to
widen the scope of understanding,
By Material : Metal, Mu-Metal, Elastomer, Plastics, Carbon
& Graphite, Conductive Elastomers, and Polymer, among others.
By Product : Coating & Paint, EMI Enclosure, and
Gasket, among others.
By End-use : IT & Telecommunication, Medical, Defense,
Electronic, and Automotive, among others.
By Regions : Europe, North America, Asia
Pacific, and the Rest-of-the-World.
Regional
Analysis:
The Asia Pacific
region is projected to remain dominant in the global EMI
& RFI Shielding Materials Market Analysis throughout the forecast
period. In 2017, the region held a commanding 46.88% share in the worldwide
market. Factors, such as growing demand from the consumer electronics industry
and the growing government efforts to increase power grid coverage in the
region foster the growth of the regional market.
India, China,
and Japan are emerging as major markets for EMI & RFI shielding materials
in the region on account of the wind adoption rate across the energy
industries. Moreover, continually rising end-use industries would propel the
regional market growth over the assessment period. Furthermore, the
continuously growing automotive sector would fuel the regional EMI & RFI
shielding materials market, creating substantial market demand.
North America is
another lucrative market for EMI & RFI shielding materials market,
globally. Rapid developments in 5G technology and the augmenting demand for
these materials in the aerospace industry is spurring the growth of the
regional market growth. Continuing with the surging market demand, the region
is expected to register 5.20% CAGR during the forecast period. Besides,
increasing production capacities, high consumption potential, and the
well-developed economy would support regional market growth.
The EMI &
RFI shielding materials market in the European region is predicted to observe a
surging demand throughout the forecast period. Increasing spending on luxury
items led by the growing consumers purchasing power in European countries such
as Germany, Italy, Spain, France, Russia, and the UK is creating considerable
market demand. Germany would provide immense impetus to the regional market
growth due to the presence of major automobile manufacturers.
Competitive
Analysis:
Highly
competitive, the EMI & RFI shielding materials market appears to be
fragmented due to the presence of several small and large-scale players. These
players adopt strategic approaches such as mergers & acquisition,
collaboration, expansion, and product/ technology launch to harvest a larger
market share. They compete based on quality, innovation, service, reputation,
distribution, and promotion. Players are extending their foothold in the
international market by offering products at lower prices, which attracts
end-users. Moreover, they focus on increasing their product value by extending
their geographic reach and maximizing their profit shares.
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