Paint Remover Market Report: Trends, Forecast and Competitive Analysis to 2030

Paint Remover Trends and Forecast

The future of the global paint remover market looks promising with opportunities in the vehicle maintenance, industrial repair, building renovation, and furniture refinishing applications. The global paint remover market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising preference for eco-friendly paint removers and increasing demand for this product in the construction & renovation and automotive sector.

A more than 150-page report is developed to help in your business decisions.

Paint Remover by Segment

The study includes a forecast for the global paint remover by type, application, end use, and region.

Paint Remover Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Solvent
• Caustic
• Acidic

Paint Remover Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Vehicle Maintenance
• Industrial Repair
• Building Renovation
• Furniture Refinishing
• Others

Paint Remover Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Aerospace & Defense
• Automotive
• Marine
• Industrial
• Others

Paint Remover Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Paint Remover Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies paint remover companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the paint remover companies profiled in this report include-

• Asian Paints
• Nippon Paint
• Henkel
• Fiberlock
• PPG Industries
• Akzo Nobel
• EZ Strip

Paint Remover Market Insights

Lucintel forecasts that solvent is expected to witness highest growth over the forecast period due to their effectiveness in removing a number of paints, including oil based and latex as well as spray paint.

Within this market, industrial repair is expected to witness highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period due to growing demand for environmentally friendly and low-voc paint strippers, rising number of renovations and remodeling activities, and presence of key players in the region.

Features of the Global Paint Remover Market

Market Size Estimates: Paint remover market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Paint remover market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Paint remover market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the paint remover market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the paint remover market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the paint remover market size?

Answer: The global paint remover market is expected to reach an estimated $1.3 billion by 2030.

Q.2 What is the growth forecast for paint remover market?

Answer: The global paint remover market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the paint remover market?

Answer: The major drivers for this market are rising preference for eco-friendly paint removers and increasing demand for this product in the construction & renovation and automotive sector.

Q4. What are the major segments for paint remover market?

Answer: The future of the paint remover market looks promising with opportunities in the vehicle maintenance, industrial repair, building renovation, and furniture refinishing applications.

Q5. Who are the key paint remover market companies?

Answer: Some of the key paint remover companies are as follows:

• Asian Paints
• Nippon Paint
• Henkel
• Fiberlock
• PPG Industries
• Akzo Nobel
• EZ Strip

Q6. Which paint remover market segment will be the largest in future?

Answer: Lucintel forecasts that solvent is expected to witness highest growth over the forecast period due to their effectiveness in removing a number of paints, including oil based and latex as well as spray paint.

Q7. In paint remover market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing demand for environmentally friendly and low-voc paint strippers, rising number of renovations and remodeling activities, and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the paint remover market by type (solvent, caustic, and acidic), application (vehicle maintenance, industrial repair, building renovation, furniture refinishing, and others), end use (building & construction, aerospace & defense, automotive, marine, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?