Paint removers are chemical formulations that are used to remove old paint films or coatings from surfaces prior to repainting or surface treatment. Increased repair and renovation activities across the infrastructure, buildings, and other industries has augmented the demand for paint removers. Growing awareness about smart surfaces and advancements in coating technologies are prompting consumers to frequently change paints and coatings, which is driving the adoption of paint removers. Moreover, stringent environmental regulations such as Canadian Environmental Protection Act (CEPA) regarding the use of toxic paint strippers containing hazardous chemicals is steering the market towards safer and eco-friendly remover formulations.
Market Dynamics
The global paint remover market is primarily driven by rising refurbishment and repainting projects in the construction industry. Growing urbanization and increasing disposable incomes in developing nations have boosted residential and commercial construction activities over the years. This has augmented the need for periodic repainting and renovation of buildings and infrastructures using paint removers. However, stringent regulations imposed on certain chemical-based strippers containing hazardous substances like methylene chloride act as a key restraint. On the positive side, ongoing research and new product launches of safer and environment-friendly paint remover alternatives present significant growth opportunities for market players.
Key Features of the Study
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