(MENAFN- EIN Presswire) EINPresswire/ -- Growing investments in building infrastructure, rising demand for consumer goods, and increasing awareness about eco-friendly practices are boosting the global mastic remover market. Sustainable product adoption is accelerating worldwide, positioning soy-based mastic removers as the leading and fastest-growing segment from 2022 to 2031. Regionally, Asia-Pacific is set to maintain its dominance throughout the forecast period.

According to Allied Market Research, the global mastic remover market was valued at $531.6 million in 2021 and is projected to reach $990.6 million by 2031, growing at a CAGR of 6.4%. The comprehensive report covers evolving market dynamics, segment performance, regional insights, competitive landscape, and key investment opportunities making it an essential resource for market participants, investors, and strategy planners.

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Key Market Drivers:

- Expanding infrastructure development in nations such as the U.S., China, Japan, Mexico, and India
- Rising consumption of diverse consumer goods
- Growing investments, supportive policies, and competitive advantages spurring industrial manufacturing in developed and emerging economies

Opportunities:

- Increasing awareness of environmental sustainability driving demand for eco-friendly, bio-based mastic removers
- Tightening government regulations encouraging the shift toward green products

Restraints:

- Price volatility of raw materials used in mastic remover production

Segmental Insights
By Type

Soy-based mastic removers dominated the market in 2021 and will continue leading through 2031.

This segment is also projected to register the highest CAGR of 6.5%.

The report also covers the solvent-based segment.

By Application

Concrete applications accounted for more than half of the market in 2021 and will maintain the top spot through 2031.

It is also expected to grow at the fastest CAGR of 6.7%.

Other applications include vinyl flooring and others.

By Region:

- Asia-Pacific held over one-third of the market share in 2021.
- The region is forecasted to expand at the highest CAGR of 7.4%.
- Additional regions studied include North America, Europe, and LAMEA.

Key Market Players:-

The leading companies analyzed 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
- Twin Chemicals, Inc.

These players are strengthening their market presence through strategies such as product launches, expansions, and strategic partnerships.

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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