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Strippable Coatings Market By Resin Type (Vinyl, Acrylic, Cellulosic, Polyethylene), By Technology (Solvent Based, Water Based, Hot-Melt, Others), By Application (Automotive, Optical Media, Pharmaceutical, Aerospace, Ship Building, Construction, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Strippable coatings are also known as "peelable coatings." It is a non-flammable, water-based coating that is easily detached from surfaces and eliminates the use of paint strippers and cleaners. These coatings comprise water-based acrylic polymers, vapor-phase corrosion inhibitors, and a thixotropic thickener that aids in enhancing barrier and surface protection properties. These coatings are mostly applied by brush, spray, dip, and roll-up, where coat layers vary up to a thickness of 2 mils. Strippable coatings find extensive usage on bare metal and painted surfaces where surface protection and corrosion inhibition are mandatory. Apart from this, strippable coatings witness high demand compared to conventional coatings owing to their strong, cohesive features, which ease their removal from the substrate without breaking.

The market is witnessing significant growth owing to the growing applications of strippable coatings in the protection of metal surfaces during shipping and storage. Zero VOC content, ease of application, and easy disposability are some of the other significant factors for market growth. Strippable coatings, which are specially formulated spray-on coatings, provide a tough and impervious dry film on the surfaces requiring protection from dirt and scratches. Strippable coatings exhibit a cost-effective method of removing particle contaminants from the surface of high-quality parts and protecting the clean parts from surface damage.

Therefore, these coatings see extensive applications in end-user industries. Peelable or strippable coatings are increasingly being used to remove debris and dust from coated lenses, mirrors, and other optical surfaces, which is fueling the market growth. Furthermore, the rising demand for peelable coatings for decontaminating hazardous and radioactive materials from optical surfaces boosts the market growth.

However, the presence of contaminants (such as grease and oil) in large concentrations leads to poor adhesion of coatings to the surface, affecting the film's release from the surface. Thus, coatings cling to the irregular surfaces after losing their coherence and breaking into pieces on peeling. Therefore, the aforementioned factor is expected to restrain the market growth during the forecast period.

Geographically, Asia-Pacific dominated the market and is also projected to grow rapidly during the forecast period due to rapid industrialization and the flourishing automotive industry, mostly in countries such as Japan, China, Korea, and Indonesia. Moreover, this region is also marked by the presence of multiple international and regional vendors, leading to increased production and availability of these coatings.

On the other hand, tax subsidies, incentives, and other governmental regulations have diverted original equipment manufacturers' (OEMs) focus on countries such as Indonesia, Malaysia, and Thailand for production. However, Europe is expected to be the second largest market for strippable coatings, with North America holding the third position, primarily due to rising demand for peelable coatings in the automotive and aerospace industries.

This market's major players include Wacker GmBH, Bemis Company, General Chemical Corporation, DuPont, Cal-West Specialty Coatings, Spraylat International, PPG Industries, Sherwin-Williams, Covestro, Evans Coatings, Kraton Corporation, Holman Paints.

By Resin Type

On the basis of its resin type, the global strippable coatings market is categorized into the following segments:

  • Vinyl
  • Acrylic
  • Cellulosic
  • Polyethylene

In 2017, vinyl strippable coatings accounted for the maximum market share and were expected to witness significant growth during the forecast period owing to their rising utilization in the protection of precision tools, bright steel, aluminum, enamel surfaces, mirrors, lenses, etc. The coatings are sprayed with 30–40 mils of thickness and then dried to form a rubbery film or protective coating.

The benefit of using these coatings over their counterparts is that they require less drying and curing time and, therefore, are enhanced as a fast protection method during shipment and storage. In addition, other factors such as long life, easy removal, and the ability to coat irregular surfaces also drive market growth. Apart from this, these coatings are also strippable even after years of protective service, which also stimulates their application, such as in spray booths, aircraft protection, tanks, and ships, further driving the market's growth.

Cellulosic strippable coatings are another segment that is projected to exhibit major growth potential during the forecast years. These coatings are designed for hot dip applications to withstand temperatures of 177 C and above, and the thickness of the coating varies from 100 to 200 mils. Rising applications of these coatings in the automotive industry to protect steel and aluminum parts from corrosion enhance the market growth. Moreover, the presence of mineral oil in these coatings increases their tensile strength, thus protecting the surface from corrosion and keeping the coating strippable for a long period of time.

By Technology

On the basis of its technology, the global strippable coatings market is categorized into the following segments:

  • Solvent Based
  • Water Based
  • Hot-Melt
  • Others

In 2017, water-based strippable coatings accounted for the maximum market share and were projected to remain dominant throughout the forecast period. Strippable coatings consist of 75% water with a slight presence of other solvents such as pentaerythritol ethoxylate, castor oil, and glycol ethers. Waterborne strippable coatings are progressively used as environment-friendly coatings due to their presence of zero volatile organic content (VOC), as stated by U.S. and European regulatory agencies.

In addition, high gloss, better pigmentation, excellent elasticity, and resistance of the coating film to certain temperature changes are some of the advantages offered by water-based strippable coatings, which enhance their demand in multiple end-use applications. Currently, these coatings have extensive usage in applications such as floors and countertops, as they are highly susceptible to grease, oil, and dirt. Waterborne strippable coatings are thus applied in liquid form, where the coating becomes contaminated with dirt, and removal of these temporary coatings eliminates the contamination, effectively cleaning the surface.

Hot melt coatings are also expected to grow significantly in the near future due to rising demand for strong, moisture-resistant rust prevention of cutting tools such as gauges, blades, and gears during storage. These coatings save time and space and are easily removable after 1 to 2 minutes. In addition, these coatings are increasingly used for the identification of a product, enhancing the product's appearance, and inventory control, which is projected to stimulate the market.

By Application

On the basis of its applications, the global strippable coatings market is categorized into the following segments:

  • Automotive
  • food and beverage
  • Pharmaceutical
  • Aerospace
  • Ship Building
  • Construction
  • Others

In 2017, aerospace and defense applications dominated the market and were projected to maintain their dominance during the forecast period. This expansion is primarily attributed to the increasing use of peel-able coatings as windshields in helicopter windows to prevent the formation of rust and dust layers during shipping, transit, and storage.

In addition, industry players such as General Chemical Corporation have designed a line of eco-friendly strippable coatings to be utilized in the paint removal of aircraft parts and surfaces. These coatings form a skin-tight protective film around the substrates required during fabrication, assembly, and shipment. Another important factor driving the market growth is the increasing use of strippable coatings to protect the metal from harsh chemical milling solutions.

Automotive and construction application segments exhibit huge market potential over the forecast period. The rising use of strippable coatings to protect automobiles from rock chips, adverse weather conditions, and salted roadways is poised to be a significant factor for market growth.

Additionally, there is increased use of peelable coatings in the construction industry for the protection of glass, aluminum, steel, and PVC. Furthermore, certain new building laws direct the use of low-emissivity (low-E) glass. As a result, the increasing use of peel-able coatings to protect expensive low-emissivity glass is a significant factor driving the market growth.

By Geography

Based on geographical distribution, the global strippable coatings market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Asia-Pacific dominated the market in 2017 and is expected to maintain its dominance in future years. Asia-Pacific being a hub of multiple end-user industries such as construction, electronics, and automotive, the use of strippable coatings among the aforementioned industries is expected to spur market growth.

The growing trend of partnerships between coating manufacturers and material suppliers, such as companies manufacturing flooring, glass, and ceramic tiles, in order to provide customers with ready-coated products, also boosts product demand. Additionally, the rising demand for environment-friendly coatings, especially in China, that contains zero VOC content, such as strippable coatings, drives the market to a greater extent.

Moreover, these coatings improve the life span of end-user products with less material and energy consumption, acting as another factor driving the market's growth. Apart from this, stringent environmental regulations over the emission of VOCs led to the implementation of a tax on low-solids solvent-borne coatings, which in turn drives the use of strippable coatings in this region.

Europe and North America are projected to witness moderate growth in the near future. Regulatory scenarios among these regions have prompted coating manufacturers to develop sustainable, multi-functional coatings specifically for the architectural, furniture, marine, wood, and furniture industries.

Frequently Asked Question:

The market for Strippable Coatings Market is expected to reach USD$ 592.8 Mn in 2026.

The Strippable Coatings Market is expected to see significant CAGR growth over the coming years, at 7.2%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Wacker GmBH, Bemis Company, General Chemical Corporation, DuPont, Cal-West Specialty Coatings, Spraylat International, PPG Industries, Sherwin-Williams, Covestro, Evans Coatings, Kraton Corporation. are some of the major players in the global market.

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Published Date:  Jan 2018
Category:  Chemicals
Report ID:   58945
Report Format:   PDF
Pages:   150
Rating:    4.5 (16)
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