https://www.google.com/search?q=car+wrap

Sounds like rust under the paint.
My Isuzu pickup had this happening for years

Vinyl looks great, but if there is a rust issue underneath it will look bad in a year or two

Wrap needs paint to adhere to.
Its tough to apply by yourself (I tried).
I sanded with 220 and painted it Matte Black (spray can lacquer.)
Came out great.
The "Black Hood Movement" is growing on the East Coast.

If it is just your hood, and you're okay with it being a slightly different color than the rest of the car. Remove it, sand it and vinyl wrap OR have a paint shop do that and repaint it. If you removed the hood. and had it all ready for them to sand blast it may save some bucks as well.

I have seen several hoods painted with the Matte Black Bed coating and they look good.
Very durable coating, easy to apply.
Be sure to clean the surface with Naptha after sanding to remove all wax.
Still would like to try wrap again, the good news is enough 3M 1080 wrap to do your hood would only be 30-45 dollars.
Some great videos on youtube showing how to do it.
3M has the carbon fiber,two types. I did my dash trim in the 4K looks killer.
Ordered from Metrorestyling, great service.

Metro Restyling shows all the styles of 3M, the only Brand I would consider after a lot of research.
They say you have to apply it over paint, my experience was different.
I sanded all the clear coat off and then wet sanded with 400 till it was baby smooth.
Even though I messed it up applying(wrinkles I could not get out with heat gun and squeegee, necessary to have) the stuff was ON THERE.
It was extremely hard to remove. If there is enough old paint/primer to cling to it will hold.
Deep pits will telegraph through though.
The experience of a bad job was worth the 40 bucks in knowledge when I try again (with two people this time)

A Matrix hood is $200 or less from a wrecking yard, you should be able to source a good condition one in matching paint. Four bolts is a lot easier than sanding and wrapping.

In your area, you likely have a lot of vinyl wrap places around. I've had some wrap done before and it's a good idea to wrap the hood - cheaper, faster, will look fine and accomplish you're goal.

Take it to someone and get their expert opinion.

That's what I was going to suggest. You can grab an extra hood, have it prepped & painted first, then bolt it onto the car for less than the wrap will be. Crazy Ray's and LKQ are right up the road from you