Market Overview:
The global solvent paint and coating stripper market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solvent paint and coating strippers from various end-use industries, such as building renovation, vehicle maintenance, industrial repair, furniture refinishing, and others. In terms of type, the N-methylpyrrolidone segment is expected to lead the global solvent paint and coating stripper market during the forecast period. This can be attributed to its properties such as non-toxicity, low volatility at high temperatures, good solvency power for a wide range of substrates including paints & coatings films and excellent environmental profile.
Product Definition:
Solvent paint and coating stripper is a type of chemical that is used to remove old paint or coatings from a surface. It can be used on both indoor and outdoor surfaces, and it works by dissolving the paint or coating so that it can be easily removed. Solvent paint and coating strippers are important because they make it easy to remove old paints or coatings without damaging the underlying surface.
N-methylpyrrolidone:
N-methylpyrrolidone, also known as MPD or NMP, is an organic liquid with a sweet odor. It is a colorless and water-soluble compound. NMP has the ability to dissolve most non-PVC materials but not all plastics; it can be used on PVC piping due to its low volatility.
NMP was traditionally used in paint strippers for automotive enamels.
Orange Oil:
Orange oil is a solvent extracted from the fruit peels of orange. It has been used as an industrial solvent for more than two centuries and it is still in demand today owing to its unique properties such as high flash point, low toxicity, and biodegradability among others. Orange oil based solvents are widely utilized across multiple industries including automotive refinish coatings, wood finishing furniture & flooring among others.
Application Insights:
Building renovation was the largest application segment in terms of revenue and is anticipated to witness a CAGR of XX% over the forecast period. This growth can be attributed to rising disposable income, which has resulted in an increase in demand for residential and commercial buildings. Furthermore, increasing urbanization across various regions coupled with growing construction activities is expected to drive the global market over the coming years.
Global solvent paint.
The furniture refinishing segment accounted for USD 446 million in 2017 owing to increased consumer awareness regarding environmental issues such as protection from toxic chemicals used during manufacturing process along with aesthetic appeal of furniture finishing products that are free from harmful ingredients such as lead or Formaldehyde (a chemical known to cause cancer).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in countries, such as China, India, Indonesia, Vietnam and Thailand. In addition, rising disposable income levels are anticipated to fuel the product demand over the forecast period.
The Asia Pacific was followed by Europe wherein Methylene Blue (MB) emerged as a key solvent due its ease of application along with high solubility in organic solvents like xylene and mineral spirits. The growing automotive industry across major economies including Germany has led manufacturers there opting for solvent-based paint stripping solutions over water-based ones owing to their superior characteristics during production of vehicles under strict environmental regulations enforced by regulatory bodies like European Commission (EC). This trend is projected to bode well for regional growth prospects over the coming years.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for solvent paint and coating stripper products.
- Growing popularity of environmentally friendly or "green" solvents in the solvent paint and coating stripper market.
- Rising demand for nanotechnology-based products in the solvent paint and coating stripper market.
- Proliferation of do-it-yourself (DIY) home improvement projects, which is driving growth in the consumer segment of the solvent paint and coating stripper market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent Paint and Coating Stripper Market Research Report
By Type
N-methylpyrrolidone, Orange Oil, Esters, Others
By Application
Building Renovation, Vehicle Maintenance, Industrial Repair, Furniture Refinishing, Other
By Companies
3M Company, Absolute Coatings, Changsha Guterui, Dumond, EZ Strip, Fiberlock Technologies, Henkel, Kimetsan, PPG Industries, Rust-Oleum, United Gilsonite Labs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Solvent Paint and Coating Stripper Market Report Segments:
The global Solvent Paint and Coating Stripper market is segmented on the basis of:
Types
N-methylpyrrolidone, Orange Oil, Esters, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building Renovation, Vehicle Maintenance, Industrial Repair, Furniture Refinishing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Company
- Absolute Coatings
- Changsha Guterui
- Dumond
- EZ Strip
- Fiberlock Technologies
- Henkel
- Kimetsan
- PPG Industries
- Rust-Oleum
- United Gilsonite Labs
Highlights of The Solvent Paint and Coating Stripper Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- N-methylpyrrolidone
- Orange Oil
- Esters
- Others
- By Application:
- Building Renovation
- Vehicle Maintenance
- Industrial Repair
- Furniture Refinishing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solvent Paint and Coating Stripper Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solvent Paint and Coating Stripper is a chemical that is used to strip paint and coatings from surfaces. It can be used on wood, metal, plastic, and other materials.
Some of the major players in the solvent paint and coating stripper market are 3M Company, Absolute Coatings, Changsha Guterui, Dumond, EZ Strip, Fiberlock Technologies, Henkel, Kimetsan, PPG Industries, Rust-Oleum, United Gilsonite Labs.
The solvent paint and coating stripper market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solvent Paint and Coating Stripper Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solvent Paint and Coating Stripper Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solvent Paint and Coating Stripper Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solvent Paint and Coating Stripper Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solvent Paint and Coating Stripper Market Size & Forecast, 2020-2028
4.5.1 Solvent Paint and Coating Stripper Market Size and Y-o-Y Growth
4.5.2 Solvent Paint and Coating Stripper Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 N-methylpyrrolidone
5.2.2 Orange Oil
5.2.3 Esters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building Renovation
6.2.2 Vehicle Maintenance
6.2.3 Industrial Repair
6.2.4 Furniture Refinishing
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solvent Paint and Coating Stripper Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solvent Paint and Coating Stripper Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 N-methylpyrrolidone
9.6.2 Orange Oil
9.6.3 Esters
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building Renovation
9.10.2 Vehicle Maintenance
9.10.3 Industrial Repair
9.10.4 Furniture Refinishing
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 N-methylpyrrolidone
10.6.2 Orange Oil
10.6.3 Esters
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building Renovation
10.10.2 Vehicle Maintenance
10.10.3 Industrial Repair
10.10.4 Furniture Refinishing
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 N-methylpyrrolidone
11.6.2 Orange Oil
11.6.3 Esters
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building Renovation
11.10.2 Vehicle Maintenance
11.10.3 Industrial Repair
11.10.4 Furniture Refinishing
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 N-methylpyrrolidone
12.6.2 Orange Oil
12.6.3 Esters
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building Renovation
12.10.2 Vehicle Maintenance
12.10.3 Industrial Repair
12.10.4 Furniture Refinishing
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 N-methylpyrrolidone
13.6.2 Orange Oil
13.6.3 Esters
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building Renovation
13.10.2 Vehicle Maintenance
13.10.3 Industrial Repair
13.10.4 Furniture Refinishing
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solvent Paint and Coating Stripper Market: Competitive Dashboard
14.2 Global Solvent Paint and Coating Stripper Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Company
14.3.2 Absolute Coatings
14.3.3 Changsha Guterui
14.3.4 Dumond
14.3.5 EZ Strip
14.3.6 Fiberlock Technologies
14.3.7 Henkel
14.3.8 Kimetsan
14.3.9 PPG Industries
14.3.10 Rust-Oleum
14.3.11 United Gilsonite Labs
