Camouflage Coatings Market Is Predicted To Hit USD 549.4 million by 2030
The total size of the camouflage coating market was USD 207.3 million in 2022, which will touch USD 549.4 million by 2030, evolving at a rate of 13.10%, in the years to come. This has a lot to do with the increased requirement for trailblazing camouflage layering needs in the defense industry.
The industry is classified into topcoat, primer, and others. The others category mainly comprises of adhesives, sealants, and other pre-treatment products. With regards to revenue, the topcoat category dominated the industry, with a share, of 45.6%, in 2022.
Based on application, the defense sector held a larger revenue share, and there will also be faster growth in the same, progressing at a rate of 13.24%, in the years to come.
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The defense category is additionally classified into aircraft, military, and textile. Amongst these, aircraft is growing the fastest, with a rate of 13.92% in the years to come, and it will have the largest revenue in the years to come. The fresh and inventive technical expansions happening in the realm of camouflage coating methods are accountable for this development.
The U.S. is a major contributor in the regional market. This is because of the, extensive investments for dedicated research and development facilities, and the existence of key defense equipment companies in the nation.
Moreover, as terrorist activity has increased in the area, military organizations have been forced to employ effective camouflage-coated equipment for enhanced stealth.