Press release
Silicone Electromagnetic Shielding Materials Market Leading By Major Players Parker Chomerics, Laird Plc, PPG Industries, Henkel AG & Co., Tech-Etch, Leader Tech, 3M Company, Kitagawa Industries, Schaffner Holding
Silicone Electromagnetic Shielding Materials
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Market Dynamics:-
Major drivers to silicone electromagnetic shielding market is acceleration in the deployment of 4G/LTE infrastructure and growth in the sale of consumer electronics like mobile, tablets etc. As per India Brand Equity Foundation report 2018, current India’s mobile subscriber stand at 560 million in 2018 and expected to reach 1.42 billion by 2024 in which 1 billion would be smartphone users and about 80% among them is expected to use 4G/LTE network.
Growing applications of electronics component in automobile is also the major growth factor of the silicone electromagnetic shielding material market. Electric Vehicles are also gaining major traction over petrol & diesel operated due to raising concern for global warming and climate change. Silicone electromagnetic shielding of electronic components of vehicle become necessary to prevent them from damage and malfunctioning due to external radiation interference. As per International Energy Agency 2018 report, the global electric vehicle sale stood at 1.1 million in 2017 and expected to reach 220 million by 2030.
Major restraint to silicone electromagnetic shielding material market is the high cost associated with it.
Market Outlook:-
The EMI shielding market in Asia-Pacific is expected to grow at the highest rate between 2018 to 2026 owing to the factors such as the escalating demand for consumer electronic products such as smartphones, tablets, and home appliances and development of advanced cellular infrastructure. As per GSM Association Intelligence 2018, smartphone subscribers in Asia Pacific region stood at 1.4 billion in 2017 which is expected to reach 3.9 billion by 2025.
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Key players in the Global Silicone Electromagnetic Shielding Materials Market:-
Major global players manufacturing the silicone electromagnetic shielding materials are Specialty Silicone Products Inc., Parker Chomerics, Laird Plc, PPG Industries, Henkel AG & Co., Tech-Etch Inc., Leader Tech Inc., 3M Company, Kitagawa Industries Co. Ltd., Schaffner Holding AG, ETS Lindgren, Marktek Inc., SAS Industries Inc. and HEICO Corporation.
In March 2018, Specialty Silicone Products Inc.’s medical grade platinum-cured silicones based electromagnetic shielding gasket got approved from FDA for use in medical products.
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