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Global Stealth Coating Market to Grow at a CAGR of 5.40% During 2022-2027, Aided by the Rising Application of Steal Coats in the Automotive Industry

According to a new report by EMR titled, ‘Global Stealth Coating Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 276.1 million in 2021. The market is further expected to grow at a CAGR of 5.40% between 2022 and 2027 to reach USD 378.2 million by 2027.

Stealth coating provides strength and toughness to automobiles. Also, it prevents the car from scratches and it offers impact-resistant finish. Hence, the rising application of stealth coatings in the automotive sector owing to the increasing demand for commercial and passenger cars is driving the market growth. Meanwhile, the increasing demand for stealth coats in the aerospace and defence sector for the development of advanced aircraft and military vehicles is anticipated to bolster the market growth.

Moreover, rising investments in the development of military aircraft and drones amidst the rising geopolitical tensions are likely to provide impetus to the market in the coming years. In September 2021, the Indian government approved the order request for 56 C295 aircraft from Airbus Defence and Space in Spain. Under the deal, around 40 military aircraft will be built in India by the Tata Group, a domestic firm, whose business units include Tata Advanced Systems Limited, or TASL, and Tata Motors Limited (NYSE: TTM), among others.

In terms of region, North America accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The United States of America makes significant investments in order to improve the country’s military capabilities. In this regard, stealth coats are in high demand in the country. In addition to this, the United States has witnessed a significant increase in the export of military aircraft and weapon systems. This factor is likely to propel the demand for stealth coating in the region’s aerospace and defence sector. Moreover, the expansion in production capabilities of major manufacturers in the country is expected to aid the market in the forecast period.

Market Breakup by Resin Type, Application, and Region:

  • The market is segmented based on resin type into epoxy, polyurethane, and polyimide.
  • Based on application, the market is divided into aerospace and defence and automotive.
  • Region-wise, the global market for stealth coating can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for stealth coating is being driven by the rising application of stealth coats in the automotive sector.
  • The rising demand for commercial and passenger cars in emerging economies is anticipated to bolster the market growth in the forecast period. 
  • The rising demand for stealth coats in the production of aircraft, tanks, ships, and weapon systems, owing to the rapid advancements in the military and defence sector is likely to augment the market growth.
  • The market is expected to be aided by the capacity expansion by major stealth coating manufacturers, along with the rising military expenditure by developed as well as developing countries.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for stealth coating for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the resin types, applications, and regions of stealth coating.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global stealth coating market are INTERMAT Group SA, Hyper Stealth Technologies Pvt. Ltd., Veil Corporation, CFI Solutions, and Micromag, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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