Paint Scrapper Market Forecast and CAGR
Paint scraper is an established category of construction equipment’s and is becoming very popular globally and pouring into the market in most of the regions. The key players have moved their devotion from developed countries to developing countries and are rising their values with higher growth rates.
According to the latest research by Fact. MR, the paint scrapper market is expected to witness momentous growth over the forecast period of 2021 to 2031.
Due to the rising demand for numerous applications such as industrial repair, building renovation and vehicle maintenance among others, the demand for paint scrappers is likely to increase in the automotive industry, due to the surge in the repair & maintenance and sales of vehicles.
The development of several industries such as construction, furniture, automotive and buildings in the developed and developing countries such as the U.S., Japan, Germany, China and India is projected to be one of the foremost dynamic factors for the evolution of the global paint scrapper.
The demand for paint scrapper in North America, Europe and Asia is projected to increase due to the rising building and constructions, manufacturing, new technological innovations and developments in the coming years.
What is Driving Demand for Paint Scrapper?
The paint scrapper sales is projected to be driven by the rising consumption of products in the construction, automotive and wide-ranging industries application sectors. Rapid industrialization and urbanization in emerging countries, such as China, India and Southeast Asia, are estimated to fuel the paint removal demand in various applications.
The rising per capita income and population have been fueling the demand for auto motive and consumer goods sectors, which in turn is advancing industrialization. The consumption of metals has also augmented to an inordinate degree in the last decade.
Paint scrappers are mainly used to shelter machines and equipment from corrosion and rusting in industries. As for consumer goods, they serve the determination of keeping corrosion free at bay and makes the product look better.
The rising demand for high-performance coverings is one of the substantial cause abetting the overall growth. The coating is likely to get in offshore platforms, tank exteriors, containers and industrial piping’s owing to their lenience for immunization of more substantial instruments for protection.
Also, high-performance layers have wide conventions in the aerospace and marine industries by removing old casting paints and applying new for prolonged protection of equipment and instruments. Development in the solicitation range of these coatings is likely to set high growth over the forecast period.
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The Construction Sector Likely to Augment Paint Scrapper Sales
Ceaseless progress of the construction sector will generate the need for new and viable paint removal materials, thus lashing the potentials of paint scrapper.
Organizations require more super-incumbent, appropriate and advanced paint removal techniques. Paints scrappers are majorly used for the removal of corrosion and protects the building with new paints.
Such architectural developments including both exterior and interior house paints, stains, varnishes, sealers and primers also supports the sales.
The rise in construction activities, along with investments by the government in various public substructure projects, is expected to support the global value. Additionally, to this, progressive cutting-edge technologies are becoming attractive in the construction industry.
The rise in the consumption of cloud computing and (BIM) building information modeling collaboration is another aspect responsible for the evolution of the construction industry.
North America Paint Scrapper Market Outlook
North America is expected to experience remarkable growth due to the substantial contribution of the U.S., owing to the deep-rooted aerospace industry in this region.
The rising consolidation of used vehicles, increasing disposable income and implementation of the modern technologies are some of the striking factors that can boost the consumption in an assessment period.
The rise in the construction sector in various countries, including the U.S. and Canada, is likely to drive the product demand over the forecast period.
Improved funding’s from the North American region, coupled with compassionate measures, such as incentives, tax breaks and subsidies, taken by several governments, is anticipated to boost the growth of the construction and paint scrapper in the region.
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Asia Pacific Demand Outlook for Paint Scrapper
The growing demand from the automotive sector and rising construction activities in an emerging countries, such as China, Japan and India are anticipated to drive the sales over the forecast period.
Additionally, the easy availability of raw materials, with flexible laws about VOC (Volatile Organic Compound) secretions as compared to the law in the Europe and North America region, has provided massive growth opportunities.
China has witnessed impressive growth in the construction sector over the last few years. The country has imparted the concept of urbanization in 2007, and since then, the country has reported continuous growth. Low labor cost in emerging nations of the Asia Pacific region has fascinated many overseas financiers to set up their manufacturing facilities in the region.
Likewise, the fortunate programs propelled by the government of developing nations in Asia-Pacific is projected to skill the enhancement in the housing construction activities that can indulgence the growth.
Moreover, the technological development of the product is estimated to bid profitable opportunities for the expansion of the manufacturing units. Hence, the rising number of industries is enhancing the construction activities in the region, which, in turn, is expected to push the demand for paint scrapper over the forecast period.
Who are the Key Manufacturers and Suppliers of Paint Scrapper?
Taking the construction industry into concern, the structure for the paint scrapper is moderately fragmented as ample numbers of players are serving the demand for paint scrappers.
Some of the prominent players in the market are
- Henkel Adhesives
- Green Products
- Global Specialty Products
- United Gilsonite Laboratories
- PPG Aerospace
- Fiberlock Technologies
- WM Bar.
Considering the paint scrapper development, in 2019, PPG Aerospace has completed the acquisition of the manufacturer of automotive coating company, Hemmelrath. This acquisition has enhanced the launching of new products into their existing portfolio to facilitate PPG Aerospace strategic growth plans.
Some of the leading suppliers in the market are FTJ Distribution, U.S. Poly-chemical Corporation, Twin Specialties, SRI Suppliers, Chemsol Inc., Kleen Blast and Ricmar Industries.
The paint scrapper market is expected to be driven by various factors such as technological advancements, an increase in demand for urbanization and cleanliness and a rise in the number of players focusing on the development of new paint scrappers.
An Adaptive Approach to Modern-day Research Needs
Paint Scrapper Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Caustic Type
- Solvent Type
- Biochemical Type
- Building Renovation
- Vehicle Maintenance
- Industrial Repairs
- Furniture Refinishing
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by type, by application and by geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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