Mastic Remover Market Latest Developments & Market Dynamics

According to the report published by Allied Market Research, the global mastic remover market generated $531.6 million in 2021, and is estimated to reach $990.6 million by 2031, witnessing a CAGR of 6.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

The report offers detailed segmentation of the global mastic remover market based on type, application and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on type, the soy based segment held the highest share in 2021, contributing to of the global mastic remover market, and is likely to maintain its leadership status during the forecast period. The same segment is expected to manifest the highest CAGR of 6.5% from 2022 to 2031. The report also provides an analysis of solvent based segment under this category.

Based on application, the concrete segment held the largest share in 2021, accounting for more than half of the global mastic remover market, and is expected to maintain its dominance by 2031. The same segment is estimated to witness the fastest CAGR of 6.7% during the forecast period. The report also discusses the vinyl flooring and others segments under this category.

Based on region, Asia-Pacific accounted for the highest share in 2021, contributing to more than one-third of the global mastic remover market. The same segment is projected to portray the fastest CAGR of 7.4% during the forecast period. The research also analyzes the regions including Europe, North America and LAMEA.

Leading players of the global mastic remover market analyzed in the research include Abatement Technologies, Abatix Corp, American Building Restoration Products, Inc., Aramsco, ArmorPoxy, Citrus Depot, Franmar, ILC Dover LP, Jon-Don, LLC, Mast Away Mastic Remover, Norkan Inc., Quest Safety Products, Inc., Soy Technologies, LLC, SureCrete Design Products, and Twin Chemicals, Inc.

The report analyzes these key players of the global mastic remover market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.