Mastic Remover Market is Trending Due to Rising Construction Activities
Mastic Remover Market is Trending Due to Rising Construction Activities
Blog Article
The mastic remover market comprises products that are used for removing mastic from surfaces like tiles, walls, and floors. Mastic is an adhesive material used to stick tiles on floors and walls. With aging infrastructure and growing construction of new buildings, old tiles and other materials need replacement. This removal process requires specialized remover solutions to dissolve the bonding mastic easily without causing damage to the underlying surfaces. Some key products in the mastic remover market include citrus-based removers, chemical-based removers, and steam-based removers. Citrus-based removers contain d-limonene, a solvent derived from citrus peels that cut through mastic effectively while being environment-friendly. Chemical-based removers comprise methylene chloride and other strong solvents that can remove tough mastics fast but are hazardous. Steam-based removers work on the principle of using high pressure steam to soften the mastic for easy scraping.
The Global Mastic Remover Market is estimated to be valued at US$ 64 in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 To 2031.
Rapid urbanization and infrastructure development activities are fueling the demand for mastic removers globally. Replacement of old infrastructure with modern constructions requires removal of existing floor and wall materials where mastic was used widely as an adhesive in the past. This acts as a key driver for the mastic remover market.
Key Takeaways
Key Players: Key players operating in the mastic remover market are 3M, Safway Group, Dumco, EZ Strip, Carlisle Fluid Technologies, Akzonobel, Henkel, and PPZ Group.
Growing Demand: The growing renovations and remodeling activities in the residential and commercial sectors have augmented the use of mastic removers substantially. Particularly in the Americas and Europe, demolition of old structures is resulting in higher product requirement.
Global Expansion: Major market players like 3M and Henkel are expanding their geographic footprints in Asian countries to gain from the increasing construction projects in nations like India, Indonesia, and Vietnam. This is helping the global mastic remover market grow at a swift pace.
Market Key Trends
One of the key trends gaining prominence in the Mastic Remover Market Demand is the rising popularity of bio-based and eco-friendly formulations. With sustainability becoming a key priority, manufacturers are focusing on developing natural and organic remover products using plant-based solvents and minimum or no harsh chemicals. For example, citrus-based mastic removers offer an environmental-friendly alternative to conventional removers.
Also, innovations in applicator technologies help simplify the removal process and improve work efficiency. New machines and heavy-duty steam-generating systems for large projects are replacing manual scraping methods. This is expected to drive the mastic remover market during the forecast period.
Porter's Analysis
Threat of new entrants: Low capital requirement allows new players to enter easily. However, presence of established brands poses barrier.
Bargaining power of buyers: Buyers have high bargaining power due to availability of alternatives. They can negotiate on price easily.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute raw materials and suppliers.
Threat of new substitutes: Threat is moderate as alternatives like paint strippers and chemical removers are used.
Competitive rivalry: Intense rivalry exists among existing players to increase their market share. Market leaders invest heavily in marketing.
United States accounts for the major share in the mastic remover market due to large construction industry. Presence of established brands and growing Do-It-Yourself culture drives the market.
Asia Pacific exhibits the fastest growth rate owing to rapid urbanization, rising disposable incomes, and growth in residential construction activities in China and India. Rising awareness about mastic removers and their benefits also supports market expansion. Government initiatives to enhance infrastructure boost the mastic remover market in the region.
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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) Report this page