Paint Stripper Market
Paint Stripper Market Share & Trends Analysis, By Chemical Type (Caustic paint stripper, Solvent paint stripper, Biochemical paint stripper), By Packaging Type (Bucket, Drum, Others), By Grade (Industrial Grade, Technical Grade, Others), By End-use, By Region Forecast - Global Review 2022 to 2032
Analysis of Paint Stripper Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Paint Stripper Market Outlook
The global paint stripper market is estimated at USD 941.4 Million in 2022 and is forecast to surpass USD 1,454.9 Million by 2032, growing at a CAGR of 4.4% from 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Base Year Value (2021A) | USD 906.2 Million |
| Estimated Year Value (2022E) | USD 941.4 Million |
| Projected Year Value (2032F) | USD 1,454.9 Million |
| Global Growth Rate (2022 to 2032) | CAGR 4.4% |
| North America Market Share in 2021 | ~26% |
| North America Growth Rate (2022 to 2032) | CAGR ~4.6% |
| Collective Value Share (US, China, India) 2022: Top 3 Countries | ~42% |
| Top 5 Companies Market Share in 2021 | ~24% |
| Key Companies Profiled | Green Products; Henkelna; Franmar Chemical; United Gilsonite Labs; Fiberlock Technologies; AkzoNobel; Formbys; Absolute Coatings; Savogran; PPG Aerospace; Packaging Service Co.; Other Market Players |
The global paint stripper market is likely to create an absolute dollar opportunity of USD 513.5 Million by the end of 2032. The global paint stripper market holds <1% of the global paints and coatings market.
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2017 to 2021 Global Paint Stripper Market Outlook in Comparison to 2022 to 2032 Growth Forecast
Paint stripper is a paint remover containing chemicals which is used to remove paints, coatings and finishes to clean surfaces, doors, or parts of furniture. Paint stripper comes for different applications such as for metals, walls, wood, cars, plastic, concrete, and aluminium etc.
The inappropriate usage of paint stripper can lead to harm to the user. The increase in investment in infrastructure and construction projects and the rising urbanization leading to increase in manufacturing output is likely to support paint stripper market growth and is to provide a gain of 210 BPS to the paint stripper market in coming years.
Fact.MR projects the paint stripper market is expected to witness exhibiting growth at 4.4% CAGR during 2022 and 2032 in comparison to a CAGR of 2.9% with which it grew from 2017 and 2021.
Multiple Applications Supporting Market Demand
Getting rid of old paint is the most troublesome thing while renovating home, refurnishing commercial and residential buildings. Failing to a proper-paint stripping technique could result in bubble and chip formation that leads to peel off. Paint Stripper is a synonym for paint remover, is a product containing chemicals such as Methylene Chloride, Dichloromethane which helps in removing types of paint, coating and varnish as well as cleans the underlying area.
With increasing awareness and the prominence given to the environmental safety, now paint strippers products has been launched in the market over last half decade. These include products with ingredients like hydrogen peroxide, alkaline, acidic and other organic products. With numerous applications across industrial, laboratory and commercial sector, paint stripper market is expected to grow at a CAGR of 4.4% over the assessment period.
The major demand for paint stripper is seen in America, Europe and Asia Pacific. Paint strippers are used across many industries such as aerospace, automotive, energy and construction, and growth in these industries has resulted in increase in the demand for paint removal products.
Region-based segmentation of the market shows how various paint removal solutions are used across various continents and geographical area. Solvent-based paint stripper and caustic based paint stripper are the two major type of paint strippers based on their chemical configuration and elements involved in producing them.
Solvent paint stripper contains active ingredients which are extremely flammable. Whereas caustic paint strippers contain ingredients with high pH-value usually sodium hydroxide which might cause skin burn so the care has to be taken while applying it. This disadvantages of solvent and caustic paint stripper has given rise to the new category of biochemical paint strippers which are derived from plants and are environmental friendly.
Further, the COVID-19 pandemic has adversely affected the demand supply equilibrium of paint stripper industry. Lockdown across all the major countries of the world has given a set back to the production of paint strippers and the consumption statistics of paint stripper have also experienced a dip in the first two quarters of 2020.
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Recent Trends Supporting Market Growth
The paint stripper market is growing rapidly with the increase in the demand for its number of applications in industries such as automotive, furniture / flooring, construction, marine, mining, packaging, energy and others. As various health issues are associated with the usage of these paint strippers/removers, it has resulted in strengthening the regulation policies by Government, which might hamper the growth of the market.
The market has shown huge demand for biochemical paint stripper compared to other stripers in recent decade as it causes no harm to human health as well as environment. This has given rise to innovation in the product category and has resulted in more number of market competitors with environment-friendly paint stripper. All the above listed factors are likely to support market growth by 1/5th of current levels over the assessment period of 2022 to 2032.
Paint Stripper: Market Regional Outlook
On the basis of geographical locations, the paint stripper market is segmented into different areas as per the usage of the application industry and market of other associated products. As the aerospace industry is one among the key factor which is driving the growth of global paint stripper market, North America dominates the market with a well-established aerospace industry followed by Europe, Latin America, East Asia, South Asia and Oceania, and Middle East and Africa (MEA). One of the largest portion of the market is covered by Mature Europe including Austria. China is seen as one of the key emerging markets for paint stripper in the East Asian region.
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Prominent players In Paint Stripper Market
The prominent key player in the market across the globe of paint stripper include Asian paints, Nippon paints, 3M, GSP, Henkelna, PPG Aerospace, AkzoNobel, Franmar Chemical, United Gasoline Labs and EZ Strip. In the verge of becoming best worldwide and providing better services to the customers and meeting their requirement as well as being abide by the rules, regulations and Governmental policies has been a challenge for all the players in the market of paint stripper. Increase in the number of competitors has resulted in providing a better and innovative product with minimal error and high precision.
Competitive Landscape: Top Companies in Paint Stripper Market
The global paint stripper market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the manufacturing of paint stripper.
Fact.MR has provided detailed information about price points of key manufacturers in paint stripper market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- AkzoNobel in 2021 announced to acquire Grupo Orbis, which is a paints and coatings company based in Columbia. This acquisition will help in the geographic expansion of the company in South and Central America and will align with the Grow & Deliver strategy of creating global positions and driving growth in emerging markets
- Nippon Paints in 2021 announced to acquire Cromology, which is the 4th largest architectural paints manufacturer in Europe
Global Paint Stripper Market by Category
-
By Product Type:
- Caustic Paint Stripper
- Solvent-based Paint Stripper
- Biochemical Paint Stripper
-
By End-Users:
- Vehicle Maintenance
- Aerospace
- Renovations
- Furniture Refinishing
- Industrial Repairs
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. End-Users
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Caustic Paint Stripper
- 7.2. Solvent-based Paint Stripper
- 7.3. Biochemical Paint Stripper
- 8. Global Market Analysis and Forecast, By End-Users
- 8.1. Vehicle Maintenance
- 8.2. Aerospace
- 8.3. Renovations
- 8.4. Furniture Refinishing
- 8.5. Industrial Repairs
- 8.6. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Product Type and End-Users for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Green Products
- 19.2. Henkelna
- 19.3. Franmar Chemical
- 19.4. US$ Mned Gilsonite Labs
- 19.5. Fiberlock Technologies
- 19.6. AkzoNobel
- 19.7. Formbys
- 19.8. Absolute Coatings
- 19.9. Savogran
- 19.10. PPG Aerospace
- 19.11. Packaging Service Co.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by End-Users
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Product Type
Table 6: North America Market US$ Mn Forecast by End-Users
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Product Type
Table 9: Latin America Market US$ Mn Forecast by End-Users
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by End-Users
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by End-Users
Table 16: East Asia Market US$ Mn Forecast by Country
Table 17: East Asia Market US$ Mn Forecast by Product Type
Table 18: East Asia Market US$ Mn Forecast by End-Users
Table 19: South Asia & Pacific Market US$ Mn Forecast by Country
Table 20: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 21: South Asia & Pacific Market US$ Mn Forecast by End-Users
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by End-Users
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Users
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global Paint Stripper Market scenario?
The global value of paint stripper market is estimated to be worth over USD 941.4 Million in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 1,454.9 Million by 2032 end.
What was the last 5-year CAGR for the demand in the Paint Stripper Market?
During 2017 to 2021, global paint stripper market grew at 2.9% CAGR.
Who are the prominent players in the global Paint Stripper Market?
Some of the prominent players in paint stripper market are Green Products, Henkelna, Franmar Chemical, United Gilsonite Labs, Fiberlock Technologies, Akzonobel, etc.
Which is the most leading region in the Paint Stripper Market?
North America tops the global paint stripper market accounting for 25.9% of global market share in 2022.
Which product type contributes maximum share in Paint Stripper sales?
Caustic type paint stripper under the product type contributes 37.9% of market share in global sales of paint stripper.
Paint Stripper Market