Global Mastic Remover Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
The Mastic Remover can be defined as a liquid substance utilized to remover glue stains from surfaces. Mastic removers are specially formulated and have application in removal of asbestos/black mastic, vinyl glue, ceramic mastic, and traditional carpet adhesive from concrete and vinyl floorings. The rising building & construction sector worldwide and increasing end use application of Mastic Remover as well as growing adoption of biodegradable formulations are factors that are accelerating the global market demand. For instance, according to the U.S. Census Bureau - during May 2021, the construction spending in U.S. was estimated at USD 1,545.3 billion, and it further increased to USD 1,779.8 billion in May 2022. Furthermore, as per Oxford Economics estimates - during 2020, the global construction output was valued at USD 10.7 trillion, and the market is projected to grow by 42% or USD 4.5 trillion between 2020 and 2030 to reach to USD 15.2 trillion by 2030. Also, growing investment towards infrastructure development in emerging markets as well as rising advancements in building and construction sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Mastic Remover Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing construction spending and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of construction sector and rising government spending towards infrastructure development, would create lucrative growth prospects for the global Mastic Remover Market across the Asia Pacific region.
Major market players included in this report are:
American Building Restoration Products, Inc
ILC Dover LP
Mast Away Mastic Remover
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Mastic Remover Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers