Press release
Leading Companies Enhancing Their Presence in the Paint Stripper Market
Paint Stripper Market
Forecasted Expansion and Market Size for Paint Strippers
The market for paint strippers is projected to reach a value of $1.66 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.7%. This steady expansion is influenced by stricter environmental policies, increasing preference for safer and more eco-friendly chemicals, a surge in infrastructure refurbishment projects, advancements in chemical stripping techniques, and heightened demand from aerospace maintenance activities. Noteworthy trends within this period include a rising demand for environmentally sustainable paint strippers, broader acceptance of bio-based solvent formulations, increased utilization in automotive refinishing, growth in industrial surface restoration, and a stronger focus on low-toxicity chemical alternatives.
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Key Companies Dominating the Paint Stripper Market
The paint stripper industry features several prominent players, among them are 3M Company, Henkel AG & Co. KGaA, The Sherwin-Williams Company, PPG Industries, AkzoNobel, RPM International Inc., Asian Paints, United Gilsonite Laboratories, Jasco, Green Products, Fiberlock Technologies, Franmar Chemical Inc., EZ Strip Inc., Savogran, Vitex Corp., SRI Performance, Twin Specialties, CHEMEON, Dumond Chemicals, Motsenbocker's Lift Off, Blue Bear, Formby's, and Klean-Strip.
In a notable development in June 2025, JSW Paints Private Limited, a major Indian decorative and industrial paints firm, acquired a 74.7% stake in Akzo Nobel India Ltd for $1.08 billion (?8,986 crore). This strategic move aims to bolster JSW Paints' market position within India, enhance its portfolio of premium and ultra-premium products, and upgrade distribution and production capacity nationwide. Akzo Nobel India Ltd is also known for manufacturing paint stripper products.
Emerging Innovations Shaping the Paint Stripper Market
Leading companies are continuously working on developing innovative paint stripping solutions, particularly solvent-based formulations that efficiently dissolve paint coatings by breaking their chemical bonds. For example, in 2023, Propspeed, a company based in New Zealand, introduced Stripspeed, a new solvent-based paint stripper. This product offers a straightforward and effective way to remove foul-release coatings without the need for grinding or generating dust. Stripspeed reduces surface preparation time by up to 33% on smooth surfaces such as propellers and shafts and by up to 50% on more complex surfaces like swim platform armatures. Additionally, it does not produce harmful dust or debris and is designed to be non-flammable, non-caustic, and free from DCM and NMP. Stripspeed is intended to assist applicators in prepping metal surfaces for subsequent coating applications.
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Key Segments Fueling Growth in the Paint Stripper Market
This report categorizes the paint stripper market into several important segments:
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, and Other End Users
Further subsegments include:
- Solvent Type: Organic Solvent-Based Strippers and Biobased Solvent Strippers
- Caustic Type: Alkaline-Based Strippers and Caustic Soda-Based Strippers
- Acidic Type: Methyl Chloride-Based Strippers and Phosphoric Acid-Based Strippers
Together, these segments provide a detailed view of the market's diversity and the various avenues contributing to the ongoing demand and innovation within the paint stripper industry.
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