MASTIC REMOVER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Mastic Remover Market Size and Trends

The mastic remover market is estimated to be valued at USD 642.1 Mn in 2024 and is expected to reach USD 997.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

To learn more about this report, Request sample copy

The construction industry has seen steady growth over the past few years and the demand for mastic removers is expected to increase due to their use in removing old mastic during renovation and remodeling activities. The market is driven by the rising number of renovation and remodeling activities across both the residential and commercial sectors. Mastic removers help smoothen the surface and make it suitable for laying new flooring which is driving its increased adoption. However, stringent environmental regulations regarding VOC emissions from these products might restrict market growth to some extent over the forecast period.

Drivers of the Market:

Changing lifestyles

With the rise in dual-income households and busy lifestyles, consumers are looking for quick solutions to perform household chores in minimum time. Mastic remover products have become popular as they allow users to remove old mastic and tiles in a matter of hours without putting in extensive physical labor. Earlier, removing mastic used to be a tedious weekend job requiring scraping and scrubbing. However, the new generation of chemical-based removers has transformed this task into a simple process. Users just need to apply the liquid product, let it sit for some time and then scrape off the dissolved mastic easily.

This convenience offered by mastic removers fits well with the fast-paced lifestyle of modern consumers. People no longer want to spend their limited free time on strenuous cleaning chores and look for easy and hassle-free solutions. Working professionals with little free time on weekends especially find great value in mastic removers. They can do the removal work on a Saturday or Sunday and be done with it within half a day instead of toiling over it for the entire weekend. Young mobile homeowners are another consumer group rapidly adopting mastic removers as it allows them to do small repair or renovation tasks independently without depending on labor help.

To learn more about this report, Request sample copy

Increased home improvement activities

The home improvement industry has been experiencing steady growth over the past few years with more consumers spending on renovating and repairing their homes. Various factors are attributed to this surge, including improving economic conditions and rising incomes. After facing job losses or pay cuts during the economic slowdown, consumer confidence is back along with spending power. With more disposable income, homeowners are undertaking deferred maintenance work or enhancing their living spaces to increase resale value.