According to the business intelligence report titled ‘Global Stealth Coating Market Size study, by Type (Epoxy, Polyurethane, and Polyimide) and Application (Aerospace & Defense, and Automotive) and Regional Forecasts 2021-2027.’, available with MarketStudyReport, global stealth coating market was evaluated at USD 262.10 million in 2020, and is projected to amass USD 376.38 million by 2027, expanding at 5.3% CAGR between 2021-2027.
 

Surging demand from aerospace & defense and automotive sector coupled with increasing demand for epoxy stealth coating solutions are the key factors driving global stealth coating market. Growing investment by developing economies towards the development & production of stealth aircrafts will in aid revenue inflow as well.
 

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High heat resistance, scratch-proof and impact resistant finish of stealth coatings have also resulted in increased product penetration. Speaking of which, the product also offers a high degree of water & ultraviolet resistance and is quite smooth to clean, which in turn will contribute towards market expansion.
 

On the other hand, decreasing production of stealth aircrafts and high cost of stealth coating will act as challenges for businesses operating in this domain.
 

Based on type, worldwide stealth coating industry is split into polyimide, epoxy, and polyurethane. Speaking of application scope, the business sphere is divided into automotive, and aerospace & defense. Market share held, annual growth rate, sales amassed, and revenue generated by each segment are provided in the research report.
 

Regionally speaking, North America held majority of worldwide stealth coating market share in the recent past owing to increasing dependence of U.S. military and its allies on stealth technology. Meanwhile, Asia Pacific market is projected to witness significant expansion between 2021-2027, primarily due to rising application of the product in the automotive sector.
 

Key players formulating the competitive landscape of global stealth coating market are Stealth Veils LLC, CFI Solutions, Intermat Group SA, Hyper Stealth Technologies Pvt Ltd., Stealth Coatings Inc., Hyper Stealth Technologies Pvt. Ltd., Micromag, Akzo Nobel, Veil Corporation, and PPG Industries Inc.
 

These companies are undertaking strategic decisions such as mergers & acquisitions, collaborations, partnerships, alliances, launch of new products, and research in R&D to maximize profits and strengthen their foothold in this business domain.