Market Overview:
The global radar absorbing paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for radar absorbing paints in aerospace and automobile applications. In addition, the growing demand for lightweight and durable materials in various end-use industries is also propelling the growth of the global radar absorbing paint market. On the basis of type, polyurethane is expected to be one of the fastest-growing segments duringthe forecast period from 2018 to 2030. This can be attributedto its properties such as high thermal stability, chemical resistance, and good adhesion properties. On accountof theseproperties, polyurethaneis widely used in various end-use industries such as aerospace and automotive sectors.
Product Definition:
Radar absorbing paint is a type of paint that is designed to reduce the amount of radar energy that is reflected off its surface. This can be important for military aircraft and ships, as it can make them harder to detect on radar.
Polyurethane:
Polyurethane (PU) is a polymer, which is extensively used in the paint industry as it has high resistance to chemicals and solvents. It also provides excellent abrasion, flexing and solvent resistance properties to paints. Polyurethane coatings are widely used on account of their superior performance attributes such as low VOC emissions during application & drying, quick dry time with no shrinkage & cracking and zero surface tension at room temperature.
Polyimide:
Polyimide is a synthetic, thermoplastic polymer with high electrical resistance and heat stability. It is produced by the condensation of amorphous polymers and exhibits superior properties as compared to other materials such as bismuth oxychloride, silica-based compounds or tungsten carbides. Polyimide has excellent dielectric properties which make it useful in manufacturing ceramic capacitors for electronic applications.
Application Insights:
The aerospace application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The demand for advanced radars has increased significantly owing to an increase in military aircraft production across various countries, including Russia, China and U.S., as a result of which, radar absorbing paints are expected to be highly utilized in aerospace applications over the coming years.
Automobile is estimated to be one of the fastest-growing segments during the forecast period on account of increasing consumer preference for vehicles with enhanced aesthetic appeal and improved performance characteristics.
Regional Analysis:
North America is expected to be the largest market for global radar absorbing paints over the forecast period. The U.S., being a developed economy, has higher penetration of aircraft and automobile manufacturers in the region, thereby driving demand for these paints in aerospace and automotive applications respectively.
Europe accounted for more than 25% of global revenue share in 2017 owing to high product adoption by various end-use industries including aerospace & defense, automotive and others such as medical equipment & devices manufacturing industry due to growing technological advancements coupled with stringent regulations from European Aviation Safety Agency (EASA) regarding paint usage on aircraft surfaces.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid industrialization along with increasing foreign investments especially from Japan which contributes significantly towards regional growth through its automobile production as well as sales across countries like China, India among others thus propelling demand further over next eight years till 2030.
Growth Factors:
- Increasing demand for radar absorbing paint from the defense sector as it can help in avoiding detection by enemies
- Growing awareness about the benefits of radar absorbing paint among consumers, which is likely to boost its demand over the forecast period
- Rising number of military installations across the globe is expected to fuel growth of the radar absorbing paint market during the forecast period
- Increasing adoption of stealth technology in aircrafts and ships is anticipated to propel growth of this market in near future
- Growing investments by key players for development and innovation of new radar absorbing paints is expected to create lucrative opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Radar Absorbing Paint Market Research Report
By Type
Polyurethane, Polyimide, Others
By Application
Aerospace, Automobile, Others
By Companies
Hyper Stealth Technologies Pvt. Ltd., MWT Materials, Micromag, Northrop Grumman, Intermat Defense, Zhejiang Yuanbang Material Technology Co., Ltd., PMA (HK) Investment Group Co., Ltd., Nanjing Guanxu New Material Technology Co., Ltd., Wuxi Shuguang Paint Co., Ltd., Shenzhen Penghui Functional Materials Co., Ltd., Hyper Stealth Technologies Pvt. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Radar Absorbing Paint Market Report Segments:
The global Radar Absorbing Paint market is segmented on the basis of:
Types
Polyurethane, Polyimide, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automobile, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hyper Stealth Technologies Pvt. Ltd.
- MWT Materials
- Micromag
- Northrop Grumman
- Intermat Defense
- Zhejiang Yuanbang Material Technology Co., Ltd.
- PMA (HK) Investment Group Co., Ltd.
- Nanjing Guanxu New Material Technology Co., Ltd.
- Wuxi Shuguang Paint Co., Ltd.
- Shenzhen Penghui Functional Materials Co., Ltd.
- Hyper Stealth Technologies Pvt. Ltd.
Highlights of The Radar Absorbing Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane
- Polyimide
- Others
- By Application:
- Aerospace
- Automobile
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radar Absorbing Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Radar absorbing paint is a type of paint that absorbs radar waves. This helps to protect objects from being detected by radar systems.
Some of the key players operating in the radar absorbing paint market are Hyper Stealth Technologies Pvt. Ltd., MWT Materials, Micromag, Northrop Grumman, Intermat Defense, Zhejiang Yuanbang Material Technology Co., Ltd., PMA (HK) Investment Group Co., Ltd., Nanjing Guanxu New Material Technology Co., Ltd., Wuxi Shuguang Paint Co., Ltd., Shenzhen Penghui Functional Materials Co., Ltd., Hyper Stealth Technologies Pvt. Ltd..
The radar absorbing paint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radar Absorbing Paint Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Radar Absorbing Paint Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Radar Absorbing Paint Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Radar Absorbing Paint Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Radar Absorbing Paint Market Size & Forecast, 2018-2028 4.5.1 Radar Absorbing Paint Market Size and Y-o-Y Growth 4.5.2 Radar Absorbing Paint Market Absolute $ Opportunity
Chapter 5 Global Radar Absorbing Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Radar Absorbing Paint Market Size Forecast by Type
5.2.1 Polyurethane
5.2.2 Polyimide
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radar Absorbing Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Radar Absorbing Paint Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Automobile
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radar Absorbing Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radar Absorbing Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Radar Absorbing Paint Analysis and Forecast
9.1 Introduction
9.2 North America Radar Absorbing Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Radar Absorbing Paint Market Size Forecast by Type
9.6.1 Polyurethane
9.6.2 Polyimide
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Radar Absorbing Paint Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Automobile
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Radar Absorbing Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Radar Absorbing Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Radar Absorbing Paint Market Size Forecast by Type
10.6.1 Polyurethane
10.6.2 Polyimide
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Radar Absorbing Paint Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Automobile
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Radar Absorbing Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radar Absorbing Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Radar Absorbing Paint Market Size Forecast by Type
11.6.1 Polyurethane
11.6.2 Polyimide
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Radar Absorbing Paint Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Automobile
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Radar Absorbing Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Radar Absorbing Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Radar Absorbing Paint Market Size Forecast by Type
12.6.1 Polyurethane
12.6.2 Polyimide
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Radar Absorbing Paint Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Automobile
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Radar Absorbing Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radar Absorbing Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Radar Absorbing Paint Market Size Forecast by Type
13.6.1 Polyurethane
13.6.2 Polyimide
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Radar Absorbing Paint Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Automobile
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radar Absorbing Paint Market: Competitive Dashboard
14.2 Global Radar Absorbing Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyper Stealth Technologies Pvt. Ltd.
14.3.2 MWT Materials
14.3.3 Micromag
14.3.4 Northrop Grumman
14.3.5 Intermat Defense
14.3.6 Zhejiang Yuanbang Material Technology Co., Ltd.
14.3.7 PMA (HK) Investment Group Co., Ltd.
14.3.8 Nanjing Guanxu New Material Technology Co., Ltd.
14.3.9 Wuxi Shuguang Paint Co., Ltd.
14.3.10 Shenzhen Penghui Functional Materials Co., Ltd.
14.3.11 Hyper Stealth Technologies Pvt. Ltd.