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.
Read detail @
https://www.coherentmarketinsights.com/ongoing-insight/silicone-electromagnetic-shielding-materials-market-2314
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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