By 2026, Stealth Coating Market will exhibit a growth rate of over 6.5% | Hyper Stealth Technologies Pvt. Ltd., Stealth Coatings Inc., Micromag, Veil Corporation, and Stealth Veils
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Stealth coatings manufacturers are constantly aiming at expanding their product portfolio and global footprint to meet the widening customer base as well as to achieve a competitive edge. These companies are entering into strategic alliances, partnerships as well as acquisitions to meet their internal operational goal.
The global stealth coatings market was valued at USD 593 million during the year 2019 and is likely to cross USD 834 million in terms of value by 2026. Prominent companies include CFI Solution, Stealth Veils, Intermat Defense, Veil Corporation, and Hyper Stealth Technologies Pvt. Ltd., among various others.
The growing need for UV protective coatings along with the increasing production of vehicles, primarily in the U.S. and Asia Pacific region will present lucrative avenues for industry growth. There is rise in investments in the aerospace and defense sector, primarily in nations like India, China, and Russia.
The rising use of innovative coatings in the aerospace sector along with distinct characteristics that are suitable for military aircraft will support the developments in the overall market. Many leading companies like Intermat Defense are actively investing in research and development to facilitate product innovations along with superior characteristics.
The aerospace and defense industry accounts for nearly 37% of the entire stealth coating industry share. The growing production of aircraft in the U.S., Russia, and China is one of the main reasons behind this. Stealth coating is used in military aircraft like F-35 Lightning II as well as F-22 Raptor, with an aim to reduce the radar cross-section, making it difficult to detect the radars.
Epoxy resins have gained considerable popularity over the last few years with the increasing use of the product in aircraft and automobiles. This is mainly due to its various advantages like cost-effectiveness, and protection from corrosion. Polyurethane resins, on the other hand, are likely to gain demand due to their properties like chemical resistance, toughness, and offer excellent adhesion to various substrates. Airbus and Boeing, among other aircraft manufacturers, are adopting stealth technologies in aircraft production, improving the adoption of stealth coatings.
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North America stealth coatings market has emerged as a profitable revenue terrain due to the burgeoning development in the regional aerospace sector. Moreover, the growing need for stealth coatings to protect the exterior of the vehicles from UV rays will drive industrial growth. The region also has a strong presence of aircraft manufacturers, component developers and coating producers. The U.S. is touted as having the largest defense budgets globally, fostering the potential of stealth coating applications.
Meanwhile, the Asia Pacific stealth coatings market will register robust growth as well, given the emerging applications of these products in smartphones and vehicles, among others.
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