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. Paint removers are chemical formulations that are used to remove old paint films or coatings from surfaces prior to repainting or surface treatment. Increased repair and renovation activities across the infrastructure, buildings, and other industries has augmented the demand for paint removers. Growing awareness about smart surfaces and advancements in coating technologies are prompting consumers to frequently change paints and coatings, which is driving the adoption of paint removers. Moreover, stringent environmental regulations such as Canadian Environmental Protection Act (CEPA) regarding the use of toxic paint strippers containing hazardous chemicals is steering the market towards safer and eco-friendly remover formulations.
Market Dynamics
The global paint remover market is primarily driven by rising refurbishment and repainting projects in the construction industry. Growing urbanization and increasing disposable incomes in developing nations have boosted residential and commercial construction activities over the years. This has augmented the need for periodic repainting and renovation of buildings and infrastructures using paint removers. However, stringent regulations imposed on certain chemical-based strippers containing hazardous substances like methylene chloride act as a key restraint. On the positive side, ongoing research and new product launches of safer and environment-friendly paint remover alternatives present significant growth opportunities for market players.
Key Features of the Study
- This report provides in-depth analysis of the global paint remover market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global paint remover market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global paint remover market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global paint remover market
Market Segmentation
Market Segmentation
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