Radar Absorbing Materials Coating Market
Radar Absorbing Materials Coating Market Analysis by Resin Type (Epoxy, Polyurethane, Polyimide), by Application (Aerospace & Defence, Automotive), by Region - Global Forecast 2022 to 2032
Analysis of Radar Absorbing Materials Coating market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Radar Absorbing Materials Coating Market Outlook (2022 to 2032)
The global Radar Absorbing Materials Coating market is estimated at US$ 42.9 Million in 2022 and is projected to reach a valuation of US$ 80.5 Millionn by 2032, expanding at a CAGR of 6.6% through the forecast period of 2022 to 2032.
Due to increased product demand in the aerospace and defense, automotive, military armament, and submarines, as well as rising demand for UV protection coatings in the automotive industry, the market for Radar Absorbing Materials Coatings is expected to exceed USD 42.9 Million by 2022.
| Attribute | Details |
|---|---|
| Radar Absorbing Materials Coating Market Size (2021A) | US$ 37.8 Mn |
| Market Forecast Value (2032F) | US$ 80.5 Mn |
| Global Market Growth Rate (2022 to 2032) | 6.5% CAGR |
| North America market share | ~40.2% |
| Top 2 Radar Absorbing Materials Coating Manufacturers’ Market Share | ~67.4% |
| Key Companies Profiled | Intermat Defense, CFI Solutions, Hyper Stealth, Technologies Pvt. Ltd., Radar Absorbing, Materials Coatings Inc., Micromag, Veil Corporation, Stealth Veils |
Radar absorption is the aim of Radar Absorbing Materials Coating also known as stealth coating, a polymer paint used to lower radar detection while using aircraft. To produce stealth paint, covering aircraft gets lots of iron particles mixed with a binder.
Polyetherimide, isocyanate, epoxy, PES, PEEK, PPS (polyphenylene sulfide), and polyimide are examples of thermoplastic polymers suited for Radar Absorbing Materials Coatings. Radar Absorbing Materials Coatings are also used on a variety of other surfaces, including phone, tablet, and computer displays, as well as automobiles.
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Radar Absorbing Materials Coating Consumption Analysis (2017 to 2021) Vs. Market Outlook (2022 to 2032)
As per the latest industry analysis by Fact.MR, market research and competitive intelligence provider, global Radar Absorbing Materials Coating consumption over the past half-decade increased at a CAGR of around 5.5%.
Growing use in industries such as aerospace and defense, electronics, and automotive, especially in countries such as the United States, China, Spain, and Russia, is likely to boost the global Radar Absorbing Materials Coating market. Furthermore, the growing need for stealth technology in the aerospace industry for bombers and fighters, tanks, and helicopters will drive future industrial development.
The global Radar Absorbing Materials Coating sector, however, will be impeded by high product prices and a halt in aircraft manufacturing in several countries as a result of the COVID-19 outbreak. Nonetheless, rising expenditures in the development and manufacturing of drones, stealth ships and aircrafts in a number of countries, notably China and India, will present new growth opportunities for the stealth coating market.
Furthermore, the manufacturing of Radar Absorbing Materials Coating for its role as epoxy is expected to increase significantly throughout the projection period. In addition, rising demand for Radar Absorbing Materials Coating as a polyimide will increase usage by 1.7X by 2032.
What’s driving the Global Market for Radar Absorbing Materials Coating Market?
According to Fact.MR analysis, the Radar Absorbing Materials Coating Market is driven by a number of variables, some of which are included below:
- Stealth technology is in high demand in a variety of applications, including fighter planes and bombers, tanks, and helicopters.
- Growing aircraft production, particularly in the United States.
- Radar Absorbing Materials Coatings are becoming more popular in high-end vehicles.
Attributed to the above-discussed factors, Radar Absorbing Materials Coating revenue is projected to be valued at US$ 80.5 Mn by 2032-end.
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Country Wise Analysis
Why is the North America a Prominent Market for Radar Absorbing Materials Coating Sales?
North America accounted for 40% of the market in 2021 and is expected to grow at a CAGR of 6.3% between 2022 and 2032. This growth is mostly attributable to the significant presence of key aircraft manufacturers concentrating on advanced technologies in the United States. Increased military and defence expenditure in the United States will encourage the growth of the Radar Absorbing Materials Coating market sector.
For example, the defence budget in 2019 was around USD 686.1 Bn, with a 13.4% increase to US$ 778 Bn in 2020. The United States air force, army, navy, and marine corps operate slightly more than 13,000 military aircraft, according to the 2021 World Air Forces research published by Flight International in collaboration with Embraer. Among the market leaders include Boeing, Lockheed Martin, and Northrop Grumman.
Category Wise Analysis
Which form of Radar Absorbing Materials Coating is Projected to Hold leading Market Share?
“Radar Absorbing Materials Coating as epoxy Projected to Account for Largest Share”
With more than USD 19.4 Mn sales in 2022, epoxy dominated the global Radar Absorbing Materials Coating market, which is expected to grow at a 6.8% CAGR through 2032 due to rising use in automobiles and the aerospace sector.
Epoxy coatings provide a variety of benefits, including strength, durability, and chemical resistance. These Radar Absorbing Materials Coatings are also more resistant to heat and have a very high heat-deflection temperature. Polyurethane coatings also have excellent adhesion to all substrates as well as extraordinary properties such as hardness and chemical resistance.
The growing usage of polyurethane Radar Absorbing Materials Coatings in vehicles to shield them from UV radiation will drive the Radar Absorbing Materials Coatings market forward.
Which segment of Radar Absorbing Materials Coating is set to Garner High Share?
“The growing applications of Radar Absorbing Materials Coatings in the aerospace & defence industry will drive the overall market”
Because of the rising interest in the military sector, the aerospace and defence industry is predicted to account for nearly 53% of the global Radar Absorbing Materials Coating market by 2032. Stealth technology is used in next-generation warfare systems such as missile systems, aircraft, ground vehicles, submarines, and ships.
Airplanes, rockets, and drones are rendered radar undetectable with Radar Absorbing Materials Coatings. The cost of Radar Absorbing Materials Coating is less than that of acquiring a stealth aircraft, and it saves money by through the application of radar-absorbing Radar Absorbing Materials Coating.
Furthermore, the growing application of Radar Absorbing Materials Coating in the automotive industry is likely to boost its consumption. Radar Absorbing Materials Coatings are undetectable, long-lasting, and provide a safe way to protect automobiles against chips, scratches, road debris, and deliberate harm.
In 2019, worldwide vehicle manufacturing climbed by 2.4% to 73.4 Mn units, up from 72.1 Mn units in 2018. This also indicates at the surge in demand for Radar Absorbing Materials Coatings when the high-end automobile is concerned.
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Competition Landscape
The primary concern of key participants in the Radar Absorbing Materials Coating market is to provide novel products with improved characteristics. To fulfil the rising demand for Radar Absorbing Materials Coatings in the aerospace and automotive industries, the key producers are expanding their footprints into new areas.
Stealth Veils, CFI Solutions, Micromag, Hyper Stealth Technologies Pvt. Ltd., Intermat Defense, Surrey NanoSystems, and MWT Materials, Inc. are among the leading manufacturers of Radar Absorbing Materials Coatings.
Key Segments Covered in Radar Absorbing Materials Coating Industry Survey
-
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
- North America
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin Type
- 5.1. Epoxy
- 5.2. Polyurethane
- 5.3. Polyimide
- 5.4. Others
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 6.1. Aerospace & Defense
- 6.2. Automotive
- 6.3. Others
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Europe
- 7.4. Asia Pacific
- 7.5. MEA
- 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 13. Key Countries Market Analysis
- 14. Market Structure Analysis
- 15. Competition Analysis
- 15.1. Stealth Veils
- 15.2. CFI Solutions
- 15.3. Micromag
- 15.4. Hyper Stealth Technologies Pvt. Ltd.
- 15.5. Intermat Defense
- 15.6. Surrey NanoSystems
- 15.7. MWT Materials, Inc.
- 16. Assumptions & Acronyms Used
- 17. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Forecast by Region, 2017 to 2032
Table 02: Global Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 03: Global Market Value (US$ Mn) Forecast by Application, 2017 to 2032
Table 04: North America Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 05: North America Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 06: North America Market Value (US$ Mn) Forecast by Application, 2017 to 2032
Table 07: Latin America Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 08: Latin America Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 09: Latin America Market Value (US$ Mn) Forecast by Application, 2017 to 2032
Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 11: Europe Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 12: Europe Market Value (US$ Mn) Forecast by Application, 2017 to 2032
Table 13: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 14: Asia Pacific Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 15: Asia Pacific Market Value (US$ Mn) Forecast by Application, 2017 to 2032
Table 16: MEA Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 17: MEA Market Value (US$ Mn) Forecast by Resin Type, 2017 to 2032
Table 18: MEA Market Value (US$ Mn) Forecast by Application, 2017 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 02: Global Market Value (US$ Mn) by Application, 2022 to 2032
Figure 03: Global Market Value (US$ Mn) by Region, 2022 to 2032
Figure 04: Global Market Value (US$ Mn) Analysis by Region, 2017 to 2032
Figure 05: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 06: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 07: Global Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 08: Global Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 10: Global Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 13: Global Market Attractiveness by Resin Type, 2022 to 2032
Figure 14: Global Market Attractiveness by Application, 2022 to 2032
Figure 15: Global Market Attractiveness by Region, 2022 to 2032
Figure 16: North America Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 17: North America Market Value (US$ Mn) by Application, 2022 to 2032
Figure 18: North America Market Value (US$ Mn) by Country, 2022 to 2032
Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 25: North America Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 28: North America Market Attractiveness by Resin Type, 2022 to 2032
Figure 29: North America Market Attractiveness by Application, 2022 to 2032
Figure 30: North America Market Attractiveness by Country, 2022 to 2032
Figure 31: Latin America Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 32: Latin America Market Value (US$ Mn) by Application, 2022 to 2032
Figure 33: Latin America Market Value (US$ Mn) by Country, 2022 to 2032
Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 40: Latin America Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 43: Latin America Market Attractiveness by Resin Type, 2022 to 2032
Figure 44: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 45: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 46: Europe Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 47: Europe Market Value (US$ Mn) by Application, 2022 to 2032
Figure 48: Europe Market Value (US$ Mn) by Country, 2022 to 2032
Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 52: Europe Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 55: Europe Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 58: Europe Market Attractiveness by Resin Type, 2022 to 2032
Figure 59: Europe Market Attractiveness by Application, 2022 to 2032
Figure 60: Europe Market Attractiveness by Country, 2022 to 2032
Figure 61: Asia Pacific Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 62: Asia Pacific Market Value (US$ Mn) by Application, 2022 to 2032
Figure 63: Asia Pacific Market Value (US$ Mn) by Country, 2022 to 2032
Figure 64: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 67: Asia Pacific Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 70: Asia Pacific Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 73: Asia Pacific Market Attractiveness by Resin Type, 2022 to 2032
Figure 74: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 76: MEA Market Value (US$ Mn) by Resin Type, 2022 to 2032
Figure 77: MEA Market Value (US$ Mn) by Application, 2022 to 2032
Figure 78: MEA Market Value (US$ Mn) by Country, 2022 to 2032
Figure 79: MEA Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 80: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 81: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 82: MEA Market Value (US$ Mn) Analysis by Resin Type, 2017 to 2032
Figure 83: MEA Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 84: MEA Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 85: MEA Market Value (US$ Mn) Analysis by Application, 2017 to 2032
Figure 86: MEA Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 87: MEA Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 88: MEA Market Attractiveness by Resin Type, 2022 to 2032
Figure 89: MEA Market Attractiveness by Application, 2022 to 2032
Figure 90: MEA Market Attractiveness by Country, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the current worth of the Radar Absorbing Materials Coating market?
Currently, the global Radar Absorbing Materials Coating market is valued at US$ 42.9 Mn.
At what CAGR is demand for Radar Absorbing Materials Coating expected to rise?
Radar Absorbing Materials Coating consumption value is expected to increase at a CAGR of around 6.5% during the period of 2022 to 2032.
How has the Radar Absorbing Materials Coating market performed over the past half-decade?
In terms of consumption value, Radar Absorbing Materials Coating increased at a CAGR of around 7.5% during 2017 to 2021.
How are key players strategizing in the market for Radar Absorbing Materials Coating?
Key Radar Absorbing Materials Coating suppliers can been mainly seen involved in innovation and R&D along with production capacity expansion.
Who are the prominent manufacturers of Radar Absorbing Materials Coating?
Top Radar Absorbing Materials Coating manufacturing companies are Intermat Defense, CFI Solutions, Hyper Stealth Technologies Pvt. Ltd., Radar Absorbing Materials Coatings Inc., Micromag , Veil Corporation, Stealth Veils
What is the scenario for demand of Radar Absorbing Materials Coating in North America?
North America is estimated to hold around 40% share of the global Radar Absorbing Materials Coating market.
Radar Absorbing Materials Coating Market