According to the latest report by IMARC Group, titled "Stealth Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global stealth coating market reached a value of US$ 275.3 Million in 2021. Stealth coating is applied on aircraft and armaments for transforming the product and rendering it less visible to infrared and radar systems. It is generally prepared by using nonmagnetic and ferrofluidic materials that exhibit excellent superparamagnetic properties polarized by electromagnetic radiation. It is based on the low observable technology that contains a variety of nano-ultrafine particles that absorb electromagnetic waves and dissolve them into the atmosphere. Along with this, it is also used for protecting commercial and personal vehicles from harmful ultraviolet (UV) rays in a cost-efficient manner.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Stealth Coating Market Trends:
The global market is primarily driven by significant growth in the defense sector. Along with this, the increasing geopolitical conflicts among multiple countries are providing a boost to the market growth. Moreover, rising investments in the deployment of advanced technologies in the production processes are creating a positive outlook for the market. For instance, the introduction of anti-reflective coatings based on sugar that contain tiny hollow spheres of carbonized sugar is favorably impacting the market growth. Additionally, the increasing utilization of stealth coating in the automotive industry is positively influencing the market growth. Since it offers efficient resistance from water and ultraviolet (UV) rays, this is gaining widespread prominence across the globe. Other factors, including the continuous innovations in product variants and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 376.2 Million by 2027, growing at a CAGR of 5.37% during 2022-2027.
- On the basis of the resin type, the market has been segmented into epoxy, polyurethane and polyimide.
- Based on the application, the market has been classified into aerospace and defense, automotive and others.
- On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are CFI Custom Military Solutions, Intermat Group SA, Micromag, MWT Materials Inc., Stealth Coatings, Surrey NanoSystems and Veil Corporation.
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