New York, United States , Feb. 20, 2023 (GLOBE NEWSWIRE) -- The Global Stealth Coating Market Size to grow from USD 40.00 million in 2021 to USD 67.57 million by 2030, at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period. Over the projected period, the demand for Stealth Coating in the market will increase due to rising Stealth Coating demand for cars, military weapons, submarines, the aerospace & defence industries, and rising need for UV protection coatings in the automotive industry.
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The Epoxy segment to account for the largest market size during the forecast period
Based on the Resin Type, the Stealth Coating Market is categorized into Epoxy, Polyurethane, Polyimide and Others. The Epoxy segment to account for the largest market size during the forecast period. Throughout the forecast period, the Epoxy segment is anticipated to maintain its leading position while expanding at the fastest CAGR due to growing uses in the automotive and aerospace industries. Epoxy coatings provide a variety of useful qualities, including durability, chemical resistance, and strength. These stealth coatings also have a very high heat-deflection temperature and are more robust. Additionally, polyurethane coatings offer great qualities including durability and chemical resistance along with good adherence to all substrates. The growing use of polyurethane stealth coatings in vehicles to shield them from UV radiation will further fuel the market's expansion.
The Aerospace & defense segment to hold a higher CAGR during the forecast period.
Based on the application, the Stealth Coating Market is categorized into Aerospace & defense, Automotive and Others. The Aerospace & defense segment to hold a higher CAGR during the forecast period. Throughout the forecast period, the Aerospace & defense segment is anticipated to maintain its leading position while expanding at the fastest CAGR due to the defence industries' growing interest The next generation of military equipment, including weapon systems, aeroplanes, submarines, ships, ground vehicles, and soldiers, heavily relies on stealth technology. Aeroplanes, rockets, and drones are radar-invisible thanks to stealth coatings. By incorporating a layer of radar-absorbing stealth coating, stealth coating is more affordable than purchasing a stealth aircraft.
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The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.
Browse 48 market data Tables and 49 Figures spread through 279 Pages and in-depth TOC on “Global Stealth Coating Market Size, Share, and COVID-19 Impact Analysis By Resin Type (Epoxy, Polyurethane, Polyimide and Others) By Application (Aerospace & defense, Automotive and Others) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030”.
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Asia Pacific to hold a higher CAGR during the forecast period.
The Global Stealth Coating Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. The demand for Stealth Coating is being driven by the rising acceptance by the market. The market for Stealth Coating was dominated by the North America region due to the significant presence of significant aircraft manufacturers in the U.S., who prioritise cutting-edge technologies, is largely responsible for this expansion. Stealth coating market segment growth in the United States will be further supported by rising expenditures for the military and defence industries.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Stealth Coating Market include Stealth Veils, CFI Solutions,Micromag, Hyper Stealth Technologies Pvt. Ltd., Intermat Defense, Surrey NanoSystems,and MWT Materials, Inc. and Others.
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