Global Electrical Shielding Tape Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|電磁屏蔽膠帶的全球市場(2021年∼2028年) Global Electrical Shielding Tape Market - 2021-2028|
|出版日期: 2021年08月12日||內容資訊: 英文 180 Pages||
Electrical Shielding Tape Market Overview
The electrical shielding tape market size was worth US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Electrical shielding tapes are designed for applications that need point-to-point electrical contact, grounding and static charge draining. Shielding tapes come in several varieties, including options with smooth or embossed foil surfaces, foil backing materials and conductive or non-conductive acrylic adhesives.
The electrical shielding tape is used in various industries such as electrical & electronics, automotive, healthcare, aerospace & defense and others. The tapes are available in adhesive and non-adhesive types based on the end-users demand. Adhesive electrical shielding tape is majorly used compared to non-adhesive shielding tape because of its easy installation, cost-effectiveness and long-term shielding.
Electrical Shielding Tape Market Dynamics
The global electrical shielding tape market growth is driven by the growing use of electrical & electronic systems in the automotive industry and increasing demand from the consumer electronics industry.
The growing use of electrical & electronic systems in the automotive industry
The growing use of electrical & electronic systems in the automotive industry is expected to drive the global electrical shielding tape market. The automotive industry influences the electrical shielding tape market demand to cover the wiring and cables, which are interconnected and produce static electricity. With advancements in technologies, the need to place electrical and electronic systems into automobiles has dramatically increased. To name a few, these include control area networks, safety systems, communications, mobile media, infotainment systems including DC motors, wireless headsets and controllers.
The increasing electric vehicles sales are attracting manufacturers to offers efficient saving bonding, joining and fixing solutions. The companies are offering a broad selection of electrically conductive adhesive transfer tapes for electric vehicle battery systems. These tapes are designed to block electromagnetic interference across a wide range of frequencies and perform consistently even in harsh environments. The electrically conductive foil tapes are suitable for battery cover grounding and shielding, battery module and cooling plate grounding, battery management system grounding and shielding and other EV battery applications.
High cost of the raw materials
The electrical shielding tape market is impacted by the high cost of raw materials. The electrical shielding tapes are more costlier than the conventional multipurpose shielding tapes due to their raw material. The use of mining materials such as copper and aluminium material for manufacturing electrical and EMI/RFI shielding tapes sot much more than using other raw materials. Moreover, the price of these materials keeps fluctuating based on the demand and production, hampering the cost structure. Such scenarios are anticipated to restraint the electrical shielding tape market demand in the forecast period.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the electrical shielding tape industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
As a result, the losses are incorporated with less demand from automotive, consumer electronics, aerospace & defense and other associated industries. However, the market is expected to recover after the pandemic, with sectors aiming to work with higher production rates to recover from the incorporated losses.
Electrical Shielding Tape Market Segment Analysis
By material, the electrical shielding tape market is broadly classified into plastic, copper foil, fabric, aluminum and others.
The copper foil tape market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The copper foil tapes are expected to hold the largest market for electrical shielding tape market and are expected to continue their dominance in the forecast period. Copper foil tapes are considered most reliable because it works efficiently at reducing both electrical and magnetic waves. The copper foil tapes are designed to bond two surfaces together electrically and physically. These tapes are widely used for shielding in various applications ranging from hospital equipment to home computers.
These tapes are available in the market with various point-to-point electrical contact, grounding, EMI/RFI shielding and static charge draining. These tapes are widely used in electronic & electrical devices, shielded rooms and test laboratories for prototyping. Various leading companies including 3M and Caplinq Corporation are offering copper foil tapes for the end-users need.
Electrical Shielding Tape Market Geographical Analysis
Asia Pacific region holds the largest market for the global electrical shielding tape globally
Asia Pacific region holds the largest market share for the electrical shielding tape market globally and is expected to continue its dominance in the forecast period. The high penetration for consumer electronic devices such as home appliances, mobile phones, LCD monitors and other electronic items are expected to increase the need for electrical shielding tapes.
China is the largest exporter & producer of consumer electronics in the world China with a forecast to generate around $25o billion in revenue in 2021. The region has the most extensive electronics manufacturing ecosystem with a cheap labor force. The rising consumers for electric vehicles in the countries like India and China and the use of modern electrical devices in the automotive industry are anticipated to create new opportunities for the electrical shielding tape market in the region.
Electrical Shielding Tape Competitive Landscape
The electrical shielding tape market is moderately competitive with the local player's presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are 3M, Holland Shielding Systems, Daest Coating India, JBC Technologies, Inc, Champion Tape, RTP Company, Parafix Tapes & Conversions, Tape India, Schaffner Holding, Nadco Tapes and Labels, Inc and others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
Overview: The 3M Company is a multinational conglomerate corporation operating in the fields of worker safety, US health care, industry and consumer goods. The company manufactures over 60,000 products under various brands.
Product Portfolio: The Company's offer wide range of product portfolio under the following categories: abrasives, adhesives, sealants & fillers, sealants & fillers, advanced materials, building materials and cleaning supplies.
Key Development: In 2017- 3M has planned to invest US$40 million in its Springfield, MO site, where industrial adhesives and tapes are manufactured for the aerospace industry and heavy industrial customers around the world.
The global electrical shielding tape market report would provide access to an approx: 61 market data tables, 56 figures and 225 pages.
LIST NOT EXHAUSTIVE