According to forecasts, the rust remover industry is expected to be US$ 531.6 million in 2023 and US$ 817.7 million by 2033.
Rust remover market growth has been fueled by the construction and automotive industries’ ongoing search for low-cost corrosion removal technologies. Rust remover compounds now face fierce competition from developments in composite materials. The rising popularity of ultrasonic technology for rust removal has also limited the potential of the rust remover sector.
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The rust remover industry’s revenue growth is anticipated to be supported by the rising number of remodeling and restructuring projects. Moreover, it is projected that rising government activities and the rising expenses associated with corrosion would increase demand for rust removers.
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.
Key Players
- 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
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Key Segmentations
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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