PAINT REMOVER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global paint remover market is estimated to be valued at USD 1.86 Bn in 2024 and is expected to reach USD 2.78 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
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Rapid growth of the construction and automotive industries has led to increased demand for paint removal from various surfaces. Stringent environmental regulations such as National Emission Standards for Hazardous Air Pollutants (NESHAP) regarding VOC emissions from chemical strippers are driving the market for non-toxic and eco-friendly paint removal solutions. Growth in renovation and remodeling activities among consumers are also expected to drive the demand. Furthermore, growing preference of consumers for green and eco-friendly products due to increasing environmental concerns will boost the market for silicone paint removers and citrus-based non-toxic formulations.
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Insights By Product Type – Ease-of-use Drives Demand for Solvent-Based Removers
In terms of product type, the solvent-based removers’ segment is expected to contribute 48.3% share of the market in 2024, owing to its effectiveness and ease of use. Solvent-based removers constitute the largest segment in this market based on product type. These removers are primarily used for stripping paint from a variety of surfaces including wood, metal, plastic, and glass. They work by breaking down paint layers through chemical interaction with solvents like methylene chloride, acetone, and glycol ethers.
Insights By Application - Increased Disposable Incomes and Robust Economic Growth Boost Residential Application
In terms of application, the residential segment is expected to contribute 32.3% share of the market in 2024. This growth is primarily attributed to the increasing emphasis on home renovation and remodeling activities worldwide. Factors such as rising disposable incomes and robust economic growth have empowered homeowners to invest more in enhancing and upgrading their living spaces, both in terms of interiors and exteriors.
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Regional Analysis:
Dominating Region: North America
North America is expected to hold 36.6% of the market share in 2024, driven by the robust construction and automotive industries, both of which demand efficient paint removal solutions. Strict environmental regulations also contribute to the region's growth, boosting the demand for eco-friendly, non-toxic products, and spurring innovation within the market.
Fastest-Growing Region: Asia Pacific
Asia Pacific exhibits the fastest growth, led by countries like China, India, and Vietnam. Rapid urbanization and infrastructure development are factors fueling the market growth. Local manufacturers are expanding their product portfolios to meet the growing requirements. Additionally, favorable government policies encouraging industry growth contribute to the market dynamics.
Paint Remover Market Outlook for Key Countries
Sika's 2023 Launch of KEIM Bio Paint Stripper Addresses Demand for Eco-Friendly Solutions in the U.S.
The U.S. market for paint remover is robust, driven by the construction and automotive sectors, with a rising demand for eco-friendly and non-toxic solutions due to stringent environmental regulations and increased awareness about traditional removers' health and environmental impacts. In 2023, a Canada-based manufacturer, Sika, launched the KEIM Bio Paint Stripper, a biodegradable, water-based product that is non-toxic and user-friendly. It effectively removes tough industrial coatings like epoxies and urethanes from metal and concrete surfaces.
Sustainability and Renovation Trends in Canada
In Canada, the paint remover market is experiencing growth driven by the surge in construction and renovation activities. The nation's emphasis on sustainability and environmentally friendly products has fueled demand for water-based and biodegradable paint removal solutions. Although detailed market size figures for Canada are scarce, trends across the broader North American market indicate a promising outlook for the industry.
Environmental Regulations and Automotive Industry Growth in Japan
Japan’s paint remover market is influenced by its robust automotive and electronics industries, which require efficient paint removal solutions. The market is expected to grow steadily, with a focus on developing eco-friendly and less toxic formulations to comply with stringent environmental regulations.
Urbanization and Construction Growth in India
India’s paint remover market is booming, driven by rapid urbanization and a robust construction sector. As per Construction Times (June 2024), India's construction industry is thriving, with significant infrastructure investments and government initiatives. Projected to hit US$ 1.4 trillion by 2025, the market benefits from technological advancements and streamlined supply chains. Despite rising labor costs, India's focus on operational efficiency and skill development ensures strong future growth.
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Top Strategies Followed by Global Paint Remover Market Players
Emerging Startups in the Global Paint Remover Market
Innovative Technologies: Startups are introducing smart technologies. XYREC, a Netherlands-based company that has developed the world's largest industrial robot equipped with a high-powered laser for rapid paint stripping from aircraft, enhancing efficiency and safety in the aerospace industry. Apellix collaborating with AkzoNobel, this U.S.-based startup is developing computer-controlled spray-painting drones capable of applying paint in hard-to-reach areas, revolutionizing the application process.
Sustainable Solutions: Eco-focused startups offer green alternatives. For instance, Idea-Tec: A Chilean cleantech company transforming polystyrene waste into sustainable paint products, addressing environmental concerns by reducing landfill waste and promoting recycling. Glasst: Introduced 'Unpaint,' a temporary, peelable paint solution that allows for easy removal without the need for solvents, catering to consumers seeking flexibility and eco-friendliness in paint applications.
Market Contribution: Startups are implementing robotics and laser technologies to improve the efficiency and safety of paint removal processes. To enhance accessibility, they are also offering innovative solutions that cater to diverse consumer needs, from industrial applications to DIY projects.
In 2023, Nippon Paint Holdings announced the acquisition of shares in two India-based paint companies, Nippon Paint (India) Private Limited and Berger Nippon Paint Automotive Coatings Private Limited, making them subsidiaries. This strategic initiative is designed to bolster Nippon Paint's foothold in the Indian market and broaden its range of products.
Key Takeaways from Analyst
Driven by growth in the automotive refinish and construction industries, the demand for paint removers is anticipated to steadily rise across major markets. Apart from industrial applications, consumer use of paint removers is growing for household painting and renovation projects.
North America currently dominates paint remover sales, led by the United States. However, the Asia Pacific region is expected to witness the fastest gains and emerge as the leading market owing to a burgeoning DIY culture and rising home improvement activities in countries like China and India.
On the product side, caustic paint removers containing methylene chloride will continue dominating consumer sales. However, their share may taper off due to growing environmental and health concerns. This opens up opportunities for safer chemical-free and natural paint remover formulations utilizing plant-based ingredients. Water-based and odor-free varieties are also gaining traction among consumers.
Paint Remover Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 1.86 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.9% | 2031 Value Projection: | US$ 2.78 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
The Sherwin-Williams Company, Rust-Oleum Corporation, 3M Company, PPG Industries, Inc., AkzoNobel N.V., DuPont, BASF SE, Henkel AG & Co. KGaA, EcoFast, Citristrip, Franmar Chemical, Inc., Klean-Strip, and Jasco Products Company, LLC |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Driver - Increasing demand for renovation and remodeling activities
This market is growing significantly, driven by rising demand from the construction industry, where renovation and remodeling activities are surging. Homeowners are increasingly opting to update existing homes rather than move to new constructions. Aging infrastructure worldwide has also led to higher spending on renovations, boosting the demand for paint removers. For instance, data published by Statista Research Department on October 2024, the total U.S. home improvement expenditure amounted to US$ 566 billion in 2022.
Market Challenge - Stringent regulations regarding volatile organic compounds (VOCs)
One of the key challenges for this market is the stringent regulations regarding volatile organic compounds (VOCs) across various countries. Many traditional paint remover formulations contain high amounts of VOCs like methylene chloride, which are known to be hazardous to human health and environment. Stringent regulations such as California Air Resources Board (CARB) governing the permitted VOC levels in paint stripping products are limiting the usage of such hazardous chemicals.
Market Opportunity - Rising popularity of Do-It-Yourself (DIY) projects
One of the major opportunities for this market is the rising popularity of Do-It-Yourself (DIY) projects. In the recent years, there has been a substantial increase in home improvement and remodeling activities taken up by individual consumers themselves rather than relying on professional services. Paint removal is an integral part of various processes like interior/exterior repainting, wood furniture refinishing, and another household refurbishment works. This has driven up the demand for user-friendly and easily available paint stripping products suitable for casual DIY consumers.
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About Author
Yash Doshi is a Senior Management Consultant. He has 12+ years of experience in conducting research and handling consulting projects across verticals in APAC, EMEA, and the Americas.
He brings strong acumen in helping chemical companies navigate complex challenges and identify growth opportunities. He has deep expertise across the chemicals value chain, including commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals. Yash is a sought-after speaker at industry conferences and contributes to various publications on topics related commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals.
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