Mastic Remover Market Primed to Grow At a Robust Pace Owing to Surging Demand from Construction Industry

Mastic Remover Market Primed to Grow At a Robust Pace Owing to Surging Demand from Construction Industry

It helps in easily removing old mastic efficiently without harming underlying surfaces. Mastic removers are solvent-based formulations that dissolve and break down mastic and adhesive bonds to separate flooring materials from subfloors. They are used in preparation for new flooring installation during remodeling and renovation projects in residential and commercial buildings.

 The global mastic remover market is estimated to be valued at US$ 642.1 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.

The Global Mastic Remover Market Size is anticipated to witness significant growth owing to the thriving construction industry globally. Rapid urbanization and infrastructure development activities are resulting in numerous renovation and remodeling projects involving removing of old flooring materials. Mastic removers help contractors and flooring installers efficiently remove mastic or adhesive leftovers with minimal effort and preparation time required for installing new flooring surfaces like wood, tiles, vinyl, and laminates. They cause minimal damage to the underlying structures like concrete. Additionally, growing consumer preference for DIY remodeling projects is also augmenting the demand for mastic removers from retail channels.

Key Takeaways

Key players operating in the mastic remover market are ILC Dover LP, Soy Technologies LLC, Aramsco, Abatement Technologies, Abatix Corp, American Building Restoration Products Inc., ArmorPoxy, Citrus Depot, Franmar, Jon-Don LLC, Mast Away Mastic Remover, Norkan Inc., Quest Safety Products Inc., SureCrete Design Products, Twin Chemicals Inc., and Solvent Systems.

The key opportunities in the mastic remover market include development of green and eco-friendly formulations with natural solvents and resins to cater to the growing demand for sustainable products. Manufacturers are focusing on R&D to introduce soy-based and citrus-based removers.

Geographically, the Asia Pacific region holds significant growth potential owing to the rapidly growing construction industry in countries like China and India. Leading manufacturers are expanding their presence in Asia and other emerging markets through partnerships and acquisitions.

Market Drivers

Surging construction and renovation activities – Rapid urbanization and infrastructure projects across both developed and developing countries are fueling the demand for remodeling and renovation of buildings. This is augmenting the requirement for adhesive and mastic removal in preparation for new flooring installation.

Ease of application – Mastic removers make floor preparation simple and easy by quickly dissolving old adhesive residues without damaging subfloor surfaces. This helps reduce labor costs and saves preparation time for contractors.

Market Restraints

Volatility in raw material prices – Fluctuations in crude oil prices affect the pricing of solvents used in mastic remover formulations. This can hamper manufacturers profit margins.

Stringent regulations –Certain solvent-based removers contain chemicals that are subject to stringent environmental regulations regarding VOCs and disposal of containers containing hazardous chemicals. This increases compliance costs for manufacturers.
Segment Analysis
Automotive and construction sub segments dominate the Mastic Remover Market Size And Trends . A sizeable amount of old mastic comes up during remodeling of old buildings and removal of old coatings in vehicles. Mastic removers are used to dissolve and scrape off such old mastic remains before applying new finishing materials. The automotive and construction segments account for over 60% of the total mastic remover market currently due to such higher demand from repair, remodeling and renovation activities in these sectors.

Global Analysis
The North America region holds the largest share in the mastic remover market currently. Countries like United States have many old constructions and vehicles that require frequent remodeling and repair works. This has been driving the use of mastic removers substantially in the region. The Asia Pacific region is estimated to witness the highest growth during the forecast period. Growing construction and automotive industries along with rising disposable incomes are leading to increasing repair, renovation and remodeling activities in developing countries of Asia Pacific. This is projected to propel the demand for mastic removers rapidly in the region between 2024 and 2031.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)