According to forecasts, the rust remover market is expected to be US$ 531.6 million in 2023 and US$ 817.7 million by 2033.
The construction and automotive industries’ continual search for low-cost corrosion removal technology has supported the expansion of the rust remover industry. Rust remover chemicals are now under stiff competition from advances in composite materials. The growing use of ultrasonic technology for rust removal has also curtailed the sector’s potential.
The increasing number of remodeling and restructuring projects is expected to boost revenue development in the rust remover business. Furthermore, increased government operations and the rising costs connected with corrosion are expected to raise demand for rust removers.
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Using efficient substitutes for traditional rust removal techniques like abrasives, blasting, and others, such as chemical rust removal, is predicted to boost revenue growth in the worldwide rust remover sector. The market is driven by rising consumer awareness of rust-related problems and the necessity for preventative measures.
Over the forecast period, the use of materials like composites and fibers in a range of end-use sectors to increase corrosion resistance impede market growth. The expanding use of laser and ultrasonic technologies for rust removal is anticipated to restrain market revenue growth.
Key Takeaways
- By 2033, the rust remover market in the United Kingdom is likely to expand, with a CAGR of 2.3%.
- In 2023, the United States is expected to develop the rust remover business with a share of 18.4%.
- The rust remover market grew considerably to US$ 531.6 million in 2022.
- The rust remover industry expanded at a CAGR of 4.1% from 2018 to 2022.
- By 2033, the rust remover market in China is projected to have a CAGR of 29.5%.
- By 2033, India’s rust remover industry is projected to expand with a CAGR of 5.9%.
- Japan’s rust remover sector is likely to grow significantly, with a 4.3% share in 2023.
- Australia’s rust remover is expected to develop with a share of 1.9% in 2023.
- Germany’s rust remover business is expected to grow, with a share of 7.3% in 2023.
- In 2023, based on product type, the acid rust remover segment is expected to dominate the market, with a share of 65.0%.
- In 2023, the construction and infrastructure segment is expected to dominate the market, with a share of 18%, based on end-use.
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Competitors’ Successful Techniques
Several businesses are working to produce bio-based solutions to find new sources of revenue in the rust remover sector. Several established firms have benefited from the diverse range of needs in the construction sector. Modern corrosion removal methods that can eliminate flash corrosion and prevent re-tarnishing in various settings define novel goods created by a select few players.
Using renewable technology, Cortec Company created EcoAir 422 Rust Remover in March 2021, an eco-friendly corrosion prevention product. The item is packaged in an air-powered spray can, is biodegradable, and has 92% content that is USDA certified as biobased. It is non-flammable and eliminates rust and stains without polluting.
Top Key Players in the Global Market
- Reckitt Benckiser Group
- Jelmar LLC
- The 3M Company
- The Sherwin-Williams Company
- Corrosion Technologies, LLC
- Chempace Corporation
- Fuchs Petrolub SE
- Henkel Adhesives
- Quaker Chemical Corporation
- PPG Industries, Inc.
- Akzo Nobel N.V.
- Taiyo Chemicals & Engineering Co., Ltd.
- Nola Chemie GmbH
- Buchem Chemie + Technik GmbH & Co. KG
- Summit Brands
- Armor Inc.
- Harris International Laboratories, Inc.
- American Building Restoration Products, Inc.
- Zerust Excor
- Eurochem International
- Daubert Cromwell
- Rust-Oleum
- Others
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Key Segmentation
By Product Type:
- Acid Rust Removers
- Neutral Rust Removers
- Alkaline Rust Removers
By End-Use Industry:
- Automotive
- Aviation and Aerospace
- Oil and Gas/Petrochemical
- Marine
- Construction & Infrastructure
- Metal Machining
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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