Stealth Coating Market Size - By Resin Type (Epoxy, Polyurethane, Polyimide), Application (Aerospace & Defense, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027

Industry Overview

Stealth Coating Market size was valued at around USD 42.9 million in 2020 and will exhibit a growth rate of over 6.5% from 2021 to 2027 owing to increasing product demand in the aerospace & defense industry, vehicles, military weapons, and submarines and the growing demand for UV protective coatings in the automotive industry.
 

Stealth coating is a radar absorbing substance used on aircraft in order to lower radar cross-section, making it harder to be detected by radars. Stealth coatings are made up of iron particles in high concentrations and a polymer matrix. Polyetherimide, epoxy, PES, PPS, PEEK, isocyanate, and polyimide are some of the thermoplastic polymers that are appropriate for stealth coatings. Stealth coatings are also used on a variety of other surfaces including phone, tablet & computer screens, and automotive, among others.
 

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The growing use of stealth coatings in industries such as aerospace and defense, electronic products, and automotive, particularly in nations including the U.S., China, Spain, and Russia, is projected to boost the global stealth coating market. Furthermore, the surging demand for stealth technology in the aerospace industry for bombers & fighters, tanks, and helicopters will support industry expansion over the coming years.
 

However, the high product cost and slowdown of aircraft production in many countries due to the COVID-19 pandemic will hamper the global stealth coating market. Nevertheless, rising investments in the development and production of stealth ships, aircraft, and drones in many countries, including China and India, will offer new growth opportunities to the overall stealth coating industry.  
 

Rising demand for epoxy stealth coatings

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Epoxy dominated the global stealth coating market with revenue of over USD 19.4 million in 2020 and is projected to grow at a CAGR of 6.8% through 2027 due to increasing applications in vehicles and the aerospace industry.
 

Epoxy coatings offer versatile properties such as strength, durability, and chemical resistance. Additionally, these stealth coatings are more durable and have very high heat-deflection temperature. Furthermore, polyurethane coatings offer excellent adhesion to all substrates & superior properties such as toughness and chemical resistance. The rising applications of polyurethane stealth coatings in cars to protect them from UV rays will further drive the overall stealth coatings market growth.
 

The growing applications of stealth coatings in the aerospace & defense industry will drive the overall market

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The aerospace & defense segment is anticipated to account for the largest market share of around 53% of the global stealth coating market by 2027 owing to the increasing interest of the defense sectors. Stealth technology plays a key role in the next-generation military assets such as weapon systems, aircraft, submarines, ships, ground vehicles, and personnel. Stealth coatings make aircraft, missiles and drones invisible to radar. Stealth coating is cheaper than buying a stealth aircraft, and it is cost-effective by adding a layer of radar absorbing stealth coating.
 

Furthermore, the surging application of stealth coating in automotive industry is also projected to boost product consumption. Stealth coatings are invisible, durable, and provide a safe way to protect cars from chips, scratches, road debris, and malicious damages. The global car production increased by 2.36% in 2017 to account for 73.45 million units from 72.11 million units in 2016.
 

North America to witness significant growth throughout the assessment period

The North America accounted for 40% of market share in 2020 and is forecast to grow at a CAGR of 6.3% between 2021 and 2027. This growth is majorly attributed to the large presence of major aircraft manufacturers in the U.S. focusing on advanced technologies. The increasing budgets on the military & defense sectors will further support the stealth coating market segment growth in the U.S.
 

For instance, in 2019, the budget for the defense sector was around USD 686.1 billion, and in 2020, it increased by 13.4% to USD 778 billion. According to the 2021 World Air Forces report produced by Flight International in collaboration with Embraer, the U.S. air force, army, navy, and marine corps collectively operate a little over 13,000 military aircraft. Boeing, Lockheed Martin, and Northrop Grumman are among the market leaders.
 

Product expansion is one of the major strategic outlooks

Key players in the stealth coating industry are primarily concerned with providing innovative products with better features. Major manufacturers are expanding their footprints in new markets to meet the growing demand for stealth coatings in the aerospace and automotive industries. The key manufacturers of stealth coatings include Stealth Veils, CFI Solutions, Micromag, Hyper Stealth Technologies Pvt. Ltd., Intermat Defense, Surrey NanoSystems, and MWT Materials, Inc., among others.
 

The stealth coating market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2017 to 2027 for the following segments:

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By Resin Type

• Epoxy
• Polyurethane
• Polyimide
• Others

By Application

• Aerospace & defense
• Automotive
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Australia
  • Japan
  • Indonesia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE