Camouflage Coatings Market
Camouflage coatings refer to coatings applied onto motor vehicles, textiles, and various defense or aircraft equipment to reduce their visibility or detectability. These coatings are usually non-reflective and provide camouflage to the objects they are applied on. Besides defense and aerospace vehicles or equipment, these coatings are ideal for hunting and sporting equipment. Camouflage coatings bond to most types of plastic including PVC, wood, metal, wicker, ceramic glass, and wrought iron. Camouflage coatings are resistant to corrosion, wear & tear, and fouling, and the integration of nanomaterials and nanotechnology is adding to the capabilities of these products. Growing demand for the product in the aerospace & defense industry is one of the major factors contributing to the global camouflage coatings market revenue growth.
The global camouflage coating market is expected to reach a market size of USD 1.21 Billion at a revenue CAGR of 28.5% during the forecast period, a camouflage coating Market Size – of USD 161.5 Million in 2020, Market Growth – at a CAGR of 28.5%, Market Trends – Technological advancements in camouflage coating techniques.
Major companies operating in the camouflage coating market are AkzoNobel NV, Axalta Coating Systems, Creative Coatings Co. Inc., DCL Corporation, Ferro Corporation, Hangzhou Epsilon Chemical Co. Ltd., Huntsman Corporation, PPG Industries Inc., Spectrum Coatings Inc., SIOEN Industries NV.
Camouflage paints and coatings reinforced with anti-detection & anti-targeting technologies are increasingly being used in the defense sector to protect military assets and infrastructure against infrared sensors and weapon systems such as UAVs, anti-tank missiles, and IR homing missiles. The growing use of camouflage coatings in military jackets and tents, increasing preference for liquid camouflage coatings due to their advantages over spray coatings, the introduction of near-infrared camouflage textile coating techniques, increasing geopolitical tensions between countries, and the growing threat of terrorist activities worldwide are other key factors driving revenue growth of this market.
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Technological advances in camouflage paints and coatings are further creating revenue growth opportunities for the market. For instance, a new camouflage coating technology, dubbed Chameleon, promises to make Russian armored vehicles up to 95 percent invisible to NATO drones. Based on the electrochromic glass technology, these coatings are made of composite materials and change color when an electrical current is applied. The prototypes for the battlesuit of the Ratnik, soldier of the future, were demonstrated at the 2018 international military & technical forum held in Russia. In October 2021, the RIA Novosti news agency reported that the new electrochromic coating system was already being tested on armored hardware mock-ups.
Some of the top companies in the global camouflage coatings market are AkzoNobel N.V., Creative Coatings Co. Inc., Axalta Coating Systems, DCL Corporation, Ferro Corporation, Huntsman Corporation, Hangzhou Epsilon Chemical Co. Ltd., and PPG Industries Inc. In January 2019, AkzoNobel introduced its new durable coil coating product called Flexikote SP600, which has a unique camouflage finish and is suitable for use in both exterior and interior building products including roofing & siding and sandwich construction panels. The coating is based on super durable polyester (SDP) technology, and its exterior durability, high flexibility, and hardness ensure long-term protection.
For this report, Emergen Research has segmented the global camouflage coating market based on product type, application, and region:
- Product Type Outlook (Revenue, USD Million; 2021–2028)
- Liquid coatings
- Spray coatings
- Application Outlook (Revenue, USD Million; 2021–2028)
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