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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