Paint Stripper Market Growth to be Driven by Emerging Trends | $1.6 Billion by 2029

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What is the Projected Market Size of the Paint Stripper Industry?
The size of the paint stripper market has been progressively expanding in recent years. It's predicted to rise from $1.33 billion in 2024 to $1.38 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. The historical growth is primarily because of the manufacturing sector's expansion, the demand for green and biodegradable paint strippers, regulations imposed by the government, economic expansion, and urbanization.

What Will Be the Size of the Paint Stripper Market by 2029?
The size of the paint stripper market is anticipated to witness consistent growth in the coming few years. The market is expected to reach $1.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.7%. The projected growth can be due to a surge in demand for ecologically-friendly solutions, growth in the construction industry, rise in DIY projects and home renovations, enhanced investment in infrastructure and construction schemes, and an upturn in demand for paint removal products. Key trends for the forecast period comprise product innovation and development, technological progress, formulation of develop paint strippers, and a rise in mergers and acquisitions.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/paint-stripper-global-market-report

What Are the Key Drivers Accelerating Growth in the Paint Stripper Market?
The growth of the paint stripper market is expected to be driven by the booming construction sector. The process of constructing a specific structure involves merging various elements based on a detailed plan and design. In this industry, paint strippers play a vital role in surface preparation and maintenance, as they aid in removing decayed paint or old coatings. As per the March 2024 forecast by Atradius, a Dutch insurance firm that offers trade credit insurance, the international construction output is projected to see a 2.0% rise in 2024, marking an uplift from 3.7% in 2023. The advanced economies' growth is likely to reach 1.8%, while the emerging markets are anticipated to experience a 2.2% boost in construction activities. Non-residential output and civil engineering are predicted to witness growth by 2.8% and 4.4% respectively in the current year. Consequently, the burgeoning construction sector is bolstering the growth of the paint stripper market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13719&type=smp

How Is the Paint Stripper Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Paint Stripper Market?
Leading enterprises in the paint stripper market are introducing novel products such as solvent-based paint strippers, an engineered solution meant to dissolve and clear paint coatings by destabilizing their chemical association. For example, in 2023, a company from New Zealand called Propspeed introduced a new solvent-based stripper known as Stripspeed. The Stripspeed process of eliminating foul-release coatings without the need for grinding or dusting is effortless and efficient due to its solvent-based paint-stripping technology. Stripspeed can reduce the preparation time for smooth surfaces such as propellers and shafts by up to 33% and for more complex surfaces like swim platform armatures by up to 50%. It generates no harmful dust or debris, is not combustible or caustic, and is free from DCM and NMP. These were crafted to aid prop speed applicators in priming metallic surfaces for further application.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13719&type=smp

Who Are the Leading Companies Driving Growth in the Paint Stripper Market?
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

Which Is the Leading Region in the Global 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.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.