Coating Remover Market Trends and Forecast
The future of the global coating remover market looks promising with opportunities in the vehicle maintenance, industrial repair, building renovation, and furniture refinishing markets. The global coating remover market is expected to grow with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing demand for eco-friendly and non-toxic products, increasing adoption in industrial and automotive sectors, and rising focus on refurbishment and maintenance activities.
• Lucintel forecasts that the caustic type is expected to witness higher growth over the forecast period.
• Within this market, vehicle maintenance is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coating Remover Market
• United States: Several companies are launching eco-friendly coating removers to meet government regulations on VOC emissions, aiming to capture 20% market share by 2025.
• Germany: Leading firms like BASF and Henkel are investing in R&D for bio-based removers, aligning with national sustainability targets for reducing chemical usage by 30% by 2030.
• China: Local manufacturers are expanding production capacities of water-based removers to comply with new environmental policies, with plans to dominate 40% of the domestic market by 2024.
• India: Government-backed initiatives are promoting indigenous production of solvent-free removers, incentivizing companies like Asian Paints and Berger to achieve 15% annual growth in market penetration.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coating Remover Market by Segment
The study includes a forecast for the global coating remover market by type, application, and region.
Coating Remover Market by Type [Value from 2018 to 2030]:
• The Caustic Type
• The Acidic Type
• The Solvent Type
Coating Remover Market by Application [Value from 2018 to 2030]:
• Vehicle Maintenance
• Industrial Repair
• Building Renovation
• Furniture Refinishing
• Others
Coating Remover Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coating 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 coating remover companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coating remover companies profiled in this report include-
• Savogran
• Dumond Chemicals
• Absolute Coatings
• Fiberlock Technologies
• Sunnyside
• Packaging Service
• Motsenbocker
Recent Development in the Coating Remover Market
• 3M Company: Recently launched a new environmentally-friendly coating remover that promises faster stripping times and reduced environmental impact, aligning with global sustainability goals.
• Akzo Nobel N.V.: Introduced a breakthrough formulation for aircraft coating removal, enhancing efficiency and safety in aviation maintenance operations worldwide.
• BASF SE: Announced a strategic partnership with a leading automotive manufacturer to develop advanced coating removers tailored for electric vehicle substrates, aiming to meet stringent industry standards.
• Henkel AG & Co. KGaA: Unveiled a next-generation gel-based coating remover for industrial applications, offering improved performance in complex surface stripping scenarios.
• Rust-Oleum Corporation: Expanded its product line with a new line of consumer-grade coating removers, targeting DIY enthusiasts and small-scale renovation projects with enhanced user safety features.
Features of the Global Coating Remover Market
Market Size Estimates: Coating remover market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coating remover market size by type, application, and region in terms of value ($B).
Regional Analysis: Coating remover market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coating remover market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coating remover market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for coating remover market?
Answer: The global coating remover market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the coating remover market?
Answer: The major drivers for this market are growing demand for eco-friendly and non-toxic products, increasing adoption in industrial and automotive sectors, and rising focus on refurbishment and maintenance activities.
Q3. What are the major segments for coating remover market?
Answer: The future of the coating remover market looks promising with opportunities in the vehicle maintenance, industrial repair, building renovation, and furniture refinishing markets.
Q4. Who are the key coating remover market companies?
Answer: Some of the key coating remover companies are as follows:
• Savogran
• Dumond Chemicals
• Absolute Coatings
• Fiberlock Technologies
• Sunnyside
• Packaging Service
• Motsenbocker
Q5. Which coating remover market segment will be the largest in future?
Answer: Lucintel forecasts that the caustic type is expected to witness higher growth over the forecast period.
Q6. In coating remover market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 coating remover market by type (the caustic type, the acidic type, and the solvent type), application (vehicle maintenance, industrial repair, building renovation, furniture refinishing, 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?
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