Fibers and Electromagnetic Shielding Market size was valued at USD 3,652.9 million in 2022 and is expected to grow at a 6.8% CAGR from 2023 to 2029. The increasing need for electromagnetic interference shielding in electronics and radio frequency devices is expected to increase the demand for fibers and electromagnetic shielding. Fibers and electromagnetic shielding play a very important role in various applications such as automobiles, aerospace, electronics, textiles, and others. The increasing demand for high performance materials in various applications, increasing need for electromagnetic compatibility solutions and increasing investments in R&D for the development of advanced technologies are expected to drive the growth of fibers and electromagnetic shielding market over the forecasted years. In addition, the increasing desire of population in light weight laptop, computers, avionic electronics, and air crafts is expected to increase the demand for polymer matrix composites which eventually expected to drive the market growth of carbon polymers based electromagnetic shielding market. Whereas, the high cost of fibers and electromagnetic shielding materials, lack of standardization in fibers and electromagnetic shielding industry, and environmental concern related to disposal of these material are expected to hinder the growth of fibers and electromagnetic shielding market over the forecasted period. However, the increasing adoption of optical fiber cables in telecommunication industry and increasing focus in sustainable materials are expected to provide opportunity to the key market players in the fibers and electromagnetic shielding market. Geographically, North America region held the major market share in 2022 and is expected to dominate the global fibers & electromagnetic shielding market over the forecasted years.

Fibers and Electromagnetic Shielding Market Key Developments:

In August 2020, Hexcel launched its product HexPEKK EM, an electromagnetic shielding and radar absorptive technology.