Paint Remover Market, By Product Type, By Application, By Geography

Description

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.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	1.86 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.90%	2031 Value Projection:	2.78 Bn

Figure. Paint Remover Market Share (%), By Region 2024

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

Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Solvent-based Removers
- Bio-based Removers
- Caustic-based Removers
- Others
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential
- Commercial
- Industrial
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- 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
- Jasco Products Company, LLC

Product Code: CMI7514

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Paint Remover Market, By Product Type
- Global Paint Remover Market, By Application
- Global Paint Remover Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Paint Remover Market, By Product Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Solvent-based Removers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Bio-based Removers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Caustic-based Removers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)

5. Global Paint Remover Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)

6. Global Paint Remover Market, By Region, 2019 - 2031, Value (USD)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

The Sherwin-Williams Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Rust-Oleum Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
3M Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
PPG Industries, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AkzoNobel N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
DuPont
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Henkel AG & Co. KGaA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EcoFast
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Citristrip
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Franmar Chemical, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Klean-Strip
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Jasco Products Company, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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