Paint Stripper Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of thePaint Stripper Market?
The paint stripper market is predicted to flourish, buoyed by the escalating construction sector. The process of construction merges multiple components to establish a structure at a designated location, backed by an exhaustive design and plan. Paint strippers have a role in the construction sector for tasks such as surface readiness and upkeep, as they assist in eliminating aged and deteriorating paint or coatings. For example, Atradius, an insurance company based in the Netherlands that supplies trade credit insurance, forecasted in March 2024 that global construction production would increase by 2.0% in 2024, up from 3.7% in 2023. Advanced economies are projected to experience a 1.8% growth, while a 2.2% surge is anticipated in developing markets regarding construction activities. Non-residential output and civil engineering are predicted to see growth rates of 2.8% and 4.4% respectively this year. Hence, the growth of the paint stripper market is being driven by the expanding construction sector.
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#How Does the ProjectedPaint Stripper Market Growth Compare Over the Forecast Period?
The market size for paint strippers has seen a substantial growth in the past few years. The market worth is predicted to increase from $1.33 billion in 2024 to $1.4 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. The previous growth in this market sector is linked to the expansion of the manufacturing industry, increased demand for ecological and biodegradable paint strippers, government regulations, economic development, and urbanization.
Anticipated to witness constant expansion in the upcoming years, the paint stripper market’s size is projected to reach a value of $1.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.1%. The growth during this projected period is linked to the rising demand for eco-friendly solutions, growth of the construction sector, the increasing trend of DIY projects and home makeovers, expanded investments in infrastructure and construction initiatives, and the growing need for paint elimination products. Key trends to watch during this period include product innovation and development, technological progress, creating paint stripper formulations, and the upswing in mergers and acquisitions.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of thePaint Stripper Market?
Major corporations in the paint stripper sector are pioneering novel goods such as solvent-based paint removers which are chemical solutions crafted to dissolve and strip off paint layers by weakening their chemical connections. For example, in 2023, a company based in New Zealand named Propspeed released Stripspeed, an innovative solvent-based stripper. Thanks to its solvent-based paint-stripping technology, the strip speed process for removing foul-release coverings without the need for grinding or dusting is straightforward and highly effective. Stripspeed is capable of reducing the prep time by roughly 33% for relatively flat surfaces like propellers and shafts and about 50% for more intricate surfaces such as swim platform armatures. It doesn’t generate any harmful dust or waste, is not combustible, non-caustic, and free from DCM and NMP. It was engineered to aid prop speed applicators when preparing metal surfaces for future applications.
Who Are the Key Market Players Influencing the Growth of the Corn and Paint Stripper Industry?
Major companies operating in the paint stripper market report are 3M Company, Henkel AG & Co. KGaA, Sherwin-Williams, The Sherwin-Williams Company, PPG Industries, AkzoNobel, Nippon Paint Holdings Co. Ltd., RPM International Inc., Asian Paints, United Gilsonite Laboratories, Jasco, Green Products, Fiberlock Technologies, Tri-State Fabricators, Inc., Franmar Chemical Inc., Sunnyside, EZ Strip Inc., Savogran, Vitex Corp., SRI Performance, Twin Specialties, Citristrip, CHEMEON, Dumond Chemicals, Motsenbocker’s Lift Off, Blue Bear, Formby’s, Klean-Strip
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Which Key Market Segments Comprise the Paint Stripper Market and Drive Its Revenue Growth?
The paint stripper market covered in this report is segmented –
1) By Type: Solvent Type, Caustic Type, Acidic Type
2) By Packaging Type: Bucket, Drum
3) By Grade: Industrial Grade, Technical Grade
4) By End User: Aerospace, Automotive, Marine, Oil And Gas, Packaging, Other End Users
Subsegments:
1) By Solvent Type: Organic Solvent-Based Strippers, Biobased Solvent Strippers
2) By Caustic Type: Alkaline-Based Strippers, Caustic Soda-Based Strippers
3) By Acidic Type: Methyl Chloride-Based Strippers, Phosphoric Acid-Based Strippers
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Which Regions Are Emerging as Leaders in the Paint Stripper Market?
North America was the largest region in the paint stripper market in 2024. The regions covered in the paint stripper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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