Electromagnetic Wave Absorbing Material Global Market Report 2025

The electromagnetic wave absorbing material market size has grown strongly in recent years. It will grow from $4.7 billion in 2024 to $5.06 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing demand for electronic devices, rising electromagnetic interference (EMI) concerns, growing use of wireless communication, increasing automotive electronics integration, and growing awareness of health risks from EMF exposure.

The electromagnetic wave absorbing material market size is expected to see strong growth in the next few years. It will grow to $6.98 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising demand for 5G networks, growing adoption of smart devices, rising use of electromagnetic absorbers in aerospace and defense, growing demand in consumer electronics for better performance, and rising environmental regulations on EMF. Major trends in the forecast period include advancements in material science, integration of nanotechnology, technological innovations in 5G and 6G networks, developments in flexible electronics, and advancements in automotive electronics.

The forecast of 8.4% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through supply chain disruptions for carbon-based nanocomposites and specialty polymers sourced from South Korea and Belgium, impacting stealth technology and telecommunications infrastructure development. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing demand for wireless communication systems is expected to drive the expansion of the electromagnetic wave absorbing material market. Wireless communication systems, which transmit data using electromagnetic waves such as radio or infrared signals, are becoming increasingly popular as mobile device usage rises. Smartphones and tablets are now essential tools for communication, entertainment, and work, contributing to the growing reliance on wireless networks. Electromagnetic wave absorbing materials help improve wireless systems by reducing interference and signal degradation, thus enhancing transmission clarity and reliability. For example, in September 2024, the Cellular Telecommunications Industry Association reported that nearly 40% of wireless devices in the U.S. were connected to 5G in 2023, a 34% increase from the previous year. This growth led to a total of 558 million wireless connections, equating to over 1.6 connections per person. Consequently, the rise in demand for wireless communication systems is driving the market for electromagnetic wave absorbing materials.

Major companies in the electromagnetic wave absorbing material market are focusing on developing innovative, eco-friendly solutions. These sustainable radio wave absorbers are designed to reduce electromagnetic interference while being made from recyclable or biodegradable materials that lessen their environmental impact. For example, in May 2024, Japan-based TDK Corporation introduced the IS-BP series, the first radio wave absorbers made with over 25% biomass polyethylene sourced from sugarcane, replacing petroleum-based materials. These eco-friendly absorbers maintain the same high performance, durability, and flame resistance as traditional products, while also reducing CO₂ emissions by 13%. The IS-BP series is used in microwave anechoic chambers to test antennas, wireless devices, and automotive radar, supporting sustainability efforts within the electronics industry.

In October 2023, Birla Carbon, an Indian manufacturer of carbon black solutions, acquired Belgium-based Nanocyl SA, a company specializing in carbon nanotubes. This acquisition marks a strategic move for Birla Carbon to strengthen its position in the energy systems market, particularly in materials that are crucial to the performance of lithium-ion batteries (LiB).

Electromagnetic wave absorbing material is a specialized substance engineered to absorb and diminish electromagnetic radiation, thereby reducing reflection and transmission. These materials are widely applied in areas such as stealth technology, electromagnetic interference (EMI) shielding, and the protection of electronic devices to limit interference and signal leakage. They typically incorporate magnetic, dielectric, or composite structures to effectively convert electromagnetic energy into heat.

The primary categories of electromagnetic wave absorbing materials include conductive materials, magnetic materials, dielectric materials, and composite materials. Conductive materials are substances that facilitate the easy movement of electric current due to the presence of freely moving charged particles, usually electrons. These materials come in various forms such as sheets and panels, coatings, films, and powders, and are used across applications such as shielding, radomes, high-frequency absorption, noise suppression, and thermal regulation. They serve a wide range of end-use sectors, including aerospace and defense, telecommunications, automotive, consumer electronics, and healthcare.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The electromagnetic wave absorbing material market research report is one of a series of new reports that provides electromagnetic wave absorbing material market statistics, including electromagnetic wave absorbing material industry global market size, regional shares, competitors with an electromagnetic wave absorbing material market share, detailed electromagnetic wave absorbing material market segments, market trends and opportunities, and any further data you may need to thrive in the electromagnetic wave absorbing material industry. This electromagnetic wave-absorbing material market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major players in the electromagnetic wave absorbing material market are Panasonic Holdings Corporation, 3M Company, TDK Corporation, Molex LLC, Murata Manufacturing Co. Ltd., Mast Technologies, Furukawa Electric Co. Ltd., HEICO Corporation, VACUUMSCHMELZE GmbH & Co. KG, RTP Company, TOKIN Corporation, Cuming Microwave Corporation, Schaffner Holding AG, Kitagawa Industries Co. Ltd., ETS-Lindgren, Tech-Etch Inc., FRD Co. Ltd., Laird Technologies Inc., KGS Kitagawa Industries Co. Ltd., Guangzhou Fangbang Electronics Co. Ltd., SEKISUI POLYMATECH CO. LTD., and The Zippertubing Company.

North America was the largest region in the electromagnetic wave absorbing material market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electromagnetic wave absorbing material report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electromagnetic wave absorbing material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electromagnetic wave absorbing material market consists of sales of radar-absorbing coatings, EMI shielding films and foams, microwave absorbers, conductive paints and sprays, and radio frequency (RF) absorber sheets and tiles. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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