Stealth Coating Market to Garner $375.0 Million, Globally, By 2027 at 5.3% CAGR, Says Allied Market Research
According to the report, the global stealth coating market garnered $249.0 million in 2019, and is projected to garner $375.0 million by 2027, registering a CAGR of 5.3% from 2020 to 2027.
- According to the report, the global stealth coating market garnered $249.0 million in 2019, and is projected to garner $375.0 million by 2027, registering a CAGR of 5.3% from 2020 to 2027.
- Rise in epoxy stealth coatings demand and increase in application from the aerospace & defense industry drive the growth of the global stealth coating market.
- Furthermore, manufacturers of the fifth-generation stealth fighter aircraft halted their manufacturing activities, which in turn, led to lowered demand for stealth coating.
- By region, North America held the highest market share in 2019, accounting for more than two-fifths of the global stealth coating market, and is estimated to maintain its lead position by 2027.