The global mastic remover market size was US$ 531.6 million in 2021. The global mastic remover market size is estimated to reach US$ 929.0 million by 2030, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030.
Mastic removers are specially prepared compounds used to remove asbestos/black mastic, vinyl glue, ceramic mastic, and conventional carpet adhesives from vinyl floors and concrete. It safely clears most mastics and adhesives in one go. The chemical agent present in mastic remover allows it to penetrate through the different layers of mastics and adhesives on the surface so that it is absorbed into the layers below ensuring effective removal and a clean surface.
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Factors Affecting Market Growth
An increase in investments in building infrastructure has led the building & construction sector to notice substantial growth, where mastic removers are widely used to remove rubber-type mastics, floor tile adhesives, and motor oil stains from masonry and concrete surfaces. This is the major factor driving the global market.
Factors such as a rise in demand for various consumer goods, increase in investment, policy support, and competitive advantage have increased the development of manufacturing industries as mastic removers are used to remove sheet vinyl mastics, carpet mastics, etc, in different industrial facilities. This is anticipated to drive the growth of the global market.
Volatility in costs of raw materials used for building mastic removers restricts the manufacturers with less investment potential to enter the mastic remover market. This factor is anticipated to hinder the growth of the global market.
The rise in government restrictions and strict policies has led several end-use sectors to become linear toward using environmental-friendly products. This is expected to boost the growth of the global market.
Impact Analysis of COVID-19
The COVID-19 outbreak had negatively impacted the global mastic remover market, due to its dependence on industrial manufacturing, building & construction, and other end-use sectors. The rising risk of infection among the workforce has resulted in delayed construction projects amid COVID-19. Also, various raw materials for making mastic removers are bought or hired from other companies. The reduced purchasing potential of suppliers hindered the growth of the global market. In addition, the COVID-19 pandemic has led to disturbances in contractual implications problems, transportation, labor shortages, and other factors that led the construction sector to notice a downfall.
Regional Analysis
The Asia-Pacific dominated the global mastic remover market and is projected to grow at the highest CAGR during the forecast period in 2021. This is due to increasing demand for mastic remover from various end-use sectors such as construction and building, industrial manufacturing, and others, which, in turn, have directed the mastic remover manufacturers to grow their production capacities. Also, the region is witnessing rapid growth in building & construction sectors where mastic removers are used to extract stubborn coatings from concrete such as coating, carpet, thin-set, and thin mil coatings for example urethane or paint.
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Leading Competitors
The prominent players in the global mastic remover market are:
Twin Chemicals
SureCrete Design Products
Soy Technologies, LLC
Quest Safety Products, Inc
Mast Away Mastic Remover
ILC Dover LP
Citrus Depot
Norkan Inc
Aramsco
ArmorPoxy
Abatement Technologies
Others
Segmentation Analysis
The global mastic remover market segmentation focuses on Type, Application, and Region.
Segmentation on the basis of Type
Soy Based
Solvent Based
Segmentation on the basis of Application
Vinyl Flooring
Concrete
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Mastic Remover market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Mastic Remover market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Mastic Remover market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Mastic Remover business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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