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Global Electromagnetic Shielding Coating Market InsightJanuary 20, 2022 Comments
The electromagnetic shielding coating is forecast to crazy over the next few years. According to WK-chem Research，“Global Electromagnetic Shielding Coating Professional Survey Report 2022, Forecast to 2027”, The electromagnetic shielding coating industry is growing rapidly with the increase in consumer demand for electronic products . The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 8.15% base on WK-chem Research regression analysis model.
“Electromagnetic shielding coatings are being widely used in electronic products, satellite system products and medical products. Some of its excellent properties, such as volatility, non-flammability, toxic vapors and durability, will also benefit electromagnetic shielding. Material Market Development” said Eva Joy, Senior analyst,Chemical & Materia Market Research Center in WK-chem Research.
The electromagnetic shielding coatings market is increasing in demand from the medical industry. As the medical industry becomes more automated, they use new technologies to monitor patients, such as Bluetooth, Wi-Fi, and various other wireless links. With all the advancements in existing technology, there are some unforeseen issues, as the co-existence of wireless technologies in the same space allows for interactions between sensitive medical equipment and products that emit electromagnetic energy. Therefore, to overcome this challenge, the demand for electromagnetic shielding coatings in the medical industry is increasing.
However, the limited supply of pigments and fillers, coupled with the rapidly increasing demand for pigments and fillers, makes it difficult to manufacture cost-effective large-scale electromagnetic shielding coatings. Furthermore, the most common technique used to manufacture electromagnetic shielding coatings is sputtering, a very expensive method that requires vacuum conditions and high temperatures. Deposition of expensive materials such as ITO on the substrate by this method wastes 70% of the coating material, hence, the high cost of EMI shielding coatings is hindering the EMI shielding coatings market over the forecast period.
Technology launches, acquisitions, and R&D activities are key strategies adopted by electromagnetic shielding coatings market players. The key players in the electromagnetic shielding coatings market are PPG Industries, Henkel, AkzoNobel NV, Aksalta Coating Systems, 3M, Dainichi Printing, Abrisa Technologies, Akray Technologies Corporation, Carklow Corporation and Seema Nanotechnology. In September 2017, Henkel Adhesive Technologies Electronics introduced two compliant coated metal inks, the LOCTITE ABLESTIK EMI EMI EMI 8660S and LOCTITE ABLESTIK EMI 8880S, for semiconductor package-level electromagnetic interference (EMI) shielding.
Segmentation of Electromagnetic Shielding Coating Market:
Electromagnetic shielding coatings are divided into acrylic, water-based polyurethane, polyester, epoxy resin and so on according to resin. Epoxy resin holds the largest share in the electromagnetic shielding coatings market due to its superior properties such as durability, scratch resistance, abrasion resistance, impact resistance, strong chemical resistance, and weather resistance. With epoxy-based EMI shielding coatings, the surface becomes hard and durable, which makes it highly resistant to chemicals, abrasion, impact, grease, and stains. Acrylic also occupies a large share in the market due to its low cost, good weather resistance, good electromagnetic shielding and good moisture resistance. The increasing demand for epoxy electromagnetic shielding coatings owing to its low cost and wide range of physical properties is expected to drive the demand for epoxy resins over the forecast period.
Electromagnetic shielding coatings are subdivided into carbon, graphite, nickel, silver-plated copper, silver, titanium dioxide, etc. by pigment. Silver pigments held the largest share in the electromagnetic shielding coatings market in 2019 as silver has the best shielding and corrosion resistance and can be applied very thinly. It is typically used for board level shielding and mission critical applications. Silver has attracted much attention due to its electrical, optical and thermal properties. Among other pigments, silver has the highest electrical conductivity (6.3 × 107 S/m) and is considered a promising candidate for high electromagnetic shielding, transparent and flexible electronic coatings. Furthermore, the easy deposition of silver pigments from the liquid phase is expected to drive the growth of silver pigments in the electromagnetic shielding coatings market over the forecast period.
Electromagnetic shielding coatings are subdivided by application into optoelectronic devices, antistatic coatings, EMI/RFI shielding, EMC shielding, photovoltaic cells, fuel cells, batteries, capacitors and supercapacitors, etc. EMI/RFI shielding applications hold the largest share in the electromagnetic shielding coatings market, as EMI/RFI electromagnetic shielding coatings completely block radio frequency and electromagnetic interference, so they are widely used in various applications such as control systems, electronic office equipment, data processing, and computers, telecommunications , cables, radios, etc. EMI/RFI shielding is widely used due to its wide range of properties, such as abrasion resistance, uniform coating, thick coating, point-to-point resistivity, price flexibility, and pigment choice. EMI/RFI shields are widely used in end-use industries because of their versatile design flexibility, high-volume production, and cost-effectiveness, typically for molded plastic parts.
Electromagnetic Shielding Coating Market: Regional Analysis
The electromagnetic shielding coatings market is segmented geographically into North America, South America, Europe, Asia Pacific, and Rest of the World. Asia Pacific holds the largest share in the Electromagnetic Shielding Coatings market owing to the booming electronics industry, economic growth, increasing population and per capita income. As the population increases, the demand for electronics and consumer goods in the region is also increasing significantly. In addition, productivity in Asia-Pacific regions such as India, China and Japan is also increasing due to increasing demand for electronics and information technology. According to Invest India, India can create a digital economy of $800 billion to $1 trillion by 2025, which can drive 18-23% of overall economic activity by 2025.
Largest share area：Asia Pacific
Largest share country：China and India
Product Type(by resin)： Acrylic, Waterborne Polyurethane, Polyester, Epoxy
Product Type(by pigment)：Carbon, graphite, nickel, silver-plated copper, silver, titanium dioxide
Application：Optoelectronics, Antistatic Coatings, EMI/RFI Shielding, EMC Shielding, Photovoltaic Cells, Fuel Cells, Batteries, Capacitors and Supercapacitors
Leading Company：PPG Industries, Henkel, AkzoNobel N.V., Aksalta Coating Systems, 3M