Stealth Coating Market Size

Stealth Coating Market Size

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.