Mastic Remover Market is Estimated to Witness High Growth Owing to...

Mastic Remover Market is Estimated to Witness High Growth Owing to Increasing Demolition and Remodeling Activities of Old Buildings

Posted 2024-10-23 11:08:27

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Mastic remover products are used to dissolve and remove roofing mastic or sealant material, particularly containing asphalt, from various surfaces like roofs, walls, and other building components. Mastic is a sticky material or sealant widely used to bond roofing materials or seal flashings, vents, ducts, and other joints before membranes. However, increasing demolition and remodeling activities of old buildings require effective removal of aged mastic. Mastic remover chemicals effectively dissolve and remove hardened mastic without damaging the substrate material.

The global mastic remover market is estimated to be valued at US$ 64 million in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the mastic remover market are Dumond Chemicals, Inc., The Barrett Company, 3M Company, GSPannell, Simpson Strong-Tie Company Inc., Cloverdale Paint Inc., RM Lucas Co., Sunnyside Corporation, CSPT Inc. Key players are focusing on offering eco-friendly and non-toxic remover products to capitalize on the growing consumer demand for green products.

The rising focus on green building projects and increasing spending on remodeling of non-residential buildings offer lucrative growth opportunities. Moreover, growing construction activities in emerging economies of Asia Pacific provide a positive outlook for market players.

Global expansion remains a key strategy for major players. The 3M Company has significantly expanded its reach across Europe and Asia in recent years by establishing manufacturing and distribution centers. Geographic expansion into developing regions will further boost the global demand.

Market Drivers

Stringent regulations regarding the usage of hazardous chemicals is a major Mastic Remover Market Demand driver. Several countries and regions have imposed bans on toxic mastic removers containing methylene chloride and NMP due to significant health and environmental risks. This is prompting manufacturers to develop safer alternatives based on bio-based ingredients and plant-derived solvents, thus propelling the demand. Furthermore, the booming construction industry along with the increasing number of re-roofing projects drives the mastic remover consumption considerably.

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