Paint Remover Industry valued approximately USD XXX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The paint remover (paint stripper) is a liquid product that comprises mixture of esters, ketones, chlorinated hydrocarbons, benzene, alcohols etc. Main function of a paint remover is to eradicate the paint and divulge the original surface. The Industry of paint remover is on the surging trend considering the global scenario. The growth of the paint remover Industry is primarily driven by escalating demand of paint remover from numerous verticals which mainly include renovations, vehicle maintenance, aerospace and many more. Moreover, increasing efficacy of biochemical paint removers, and rising research & development activities to manufacture or develop eco-friendly paint removers is projected to propel the growth of the Industry in the near future. On the other hand, high product cost, strict government guidelines and health concerns associated with the paint removal products are expected to hamper the Industry growth.
The regional analysis of Paint Remover Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Paint Remover Industry over the forecasted period 2019-2025. Asia-Pacific is estimated to hold a prominent share of the Paint Remover Industry. Developing countries, such as India and China, are significant players boosting the demand for the Paint Remover Industry. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Paint Remover Industry over the coming years. Asia Pacific region is contributing towards the growth of global Paint Remover Industry and anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Paint Remover Industry Share and Size by 2019-2025
Paint Remover Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Paint Remover Market are as follows:
8.3.2. Green Products
8.3.4. Franmar Chemical
8.3.5. PPG Aerospace
8.3.6. United Gilsonite Labs