The global rust remover market size is set to reach a valuation of USD 531.6 million in 2023. The global rust remover market is expected to witness a steady CAGR of 4.4% from 2023 to 2033. The market is anticipated to reach a valuation of USD 817.7 million in 2033.Significantly increasing demand for rust removers from various end-use industries is bolstering growth in the rust remover market across the globe.
Rising renovation & reconstruction activities and increasing local & foreign investments in emerging economies such as China, India, Australia, and Brazil in the construction sector are fueling the demand for rust removers. Expansion of the automotive industry in the Asia Pacific and growth of the oil & gas industry, especially in North America due to the manufacturing of shale gas by hydraulic fracturing & horizontal drilling are further expected to create significant opportunities in the rust remover market.
The increasing number of construction activities in emerging countries such as China, India, Brazil, and GCC countries is also estimated to drive the demand for rust removers for both new construction and repair & maintenance of the existing infrastructure.
Surging numbers of residential projects in these countries and rising investments in commercial infrastructures such as offices, hospitals, shopping complexes, hotels & restaurants, and educational infrastructure have been contributing to the expansion of cities and urban suburbs. Thus, the construction sector is a consumer of rust removers.
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Expansion of Public and Private Infrastructure
Physical or mechanical methods of rust removal require much more effort & time and are less efficient, as compared to the use of chemicals. In many cases, finishing of the base metal also deteriorates with the use of physical methods.
As a result, rust removing chemicals have been prominently used as effective alternatives to physical rust removal methods. Usage of rust remover chemicals is relatively more effective in terms of both performance and cost than conventional methods.
Demand for rust removers is growing considerably due to continuous industrial expansion and improving regional infrastructure. Both private and public sectors are investing comprehensively in construction projects such as roads, railways, dams, shopping complexes, tech parks, airports, and houses.
Moreover, growing government funding and budget allocation for the maintenance of infrastructure and other public utilities, renovation, and restructuring activities, especially in developed countries such as the United States, Germany, and Italy, are also anticipated to drive the rust remover market.
Urgent Need for Aerospace Part Maintenance
Steady growth of various end-use industries, especially automotive, is projected to create significant demand for rust removers. Rust removers are primarily used in the automotive industry for metal surface cleaning and pretreatment before metal stamping and die casting for the manufacturing of automotive components.
Moreover, significant growth of the aerospace industry and increasing maintenance activities of existing fleets have led to surging use of rust removers for aerospace parts cleaning such as jet engines, body frames, and other parts. Thus, these aforementioned factors are set to drive the demand for rust removers across the globe.
A large number of new technologies are being introduced in the market for efficient removal of rust from a variety of substrates. Laser and ultrasonic rust removal technologies are some of the novel technologies that have been gaining popularity in the recent past.
Ability of these technologies to remove contaminants from substrates without damaging the surface makes them a fitting solution for several of the conventionally used techniques. Owing to numerous advantages associated with the use of laser and ultrasonic-based techniques, various end-use industries are opting for these technologies for metal cleaning. This, in turn, is hampering growth in the rust remover market across the globe.
| Attributes | Details |
|---|---|
| Rust Remover Market CAGR (2023 to 2033) | 4.4% |
| Rust Remover Market Size (2023) | USD 531.6 million |
| Rust Remover Market Size (2033) | USD 817.7 million |
Principal Consultant
The global rust remover market exhibited a CAGR of 4.1% over the historical period of 2018 and 2022. As per the current estimates by FMI, the market for rust removers is projected to grow at a CAGR of 4.4% during the forecast period.
The market is expected to witness a higher growth outlook owing to ongoing expansion of various end-use industries such as automotive, aviation & aerospace, and oil & gas/petrochemical. Rapid growth of the infrastructure and construction sector is also expected to bolster the demand for various construction chemicals, which further fuel sales of rust removers across the globe.
Despite positive prospects, there remain certain likely challenges for the market, including the growing adoption of various materials such as fibers and composites among end-use industries to prevent corrosion. Increasing availability of advanced technologies such as laser and ultrasonic, as well as stringent government regulations and standards associated with the manufacturing of rust removers impact the year over year growth in the market in the next decade.
| Country | Market share |
|---|---|
| United States | 18.4% |
| Germany | 7.3% |
| Japan | 4.3% |
| Australia | 1.9% |
India is expected to remain one of the significantly growing countries in the global rust remover market. The country is expected to witness a CAGR of 5.9% over the forecast period. Significant development in the construction and infrastructure sector, along with growing industrialization are influencing the India rust remover market. Rapidly increasing sales and production of automobiles are also expanding the country’s market size.
Increasing investments by top international and domestic players in the manufacturing and industrial sector in India are playing a crucial role in fueling the demand for rust removers. Besides, increasing production of metal products is projected to drive the market. Further, enhancement of the country’s economic condition and rising investments by the government in public infrastructure development are expected to propel the demand for rust removers in the coming decade.
China is expected to remain one of the prominent consumers of rust removers across the globe owing to the presence of various well-established end-use industries. The country is expected to exhibit a CAGR of about 29.5% over the period of 2023 and 2033. Substantial development in the construction sector in the country and a higher rate of urbanization have resulted in the significant growth in the China rust remover market.
Expansion of the metal business and high volume of automotive production have also fueled the demand for rust removers in China. The market for rust removers in China has been further influenced by growth in the construction industry, as well as in the oil & gas/petrochemical industry.
By product type, the acid rust removers segment is anticipated to remain at the forefront and is projected to account for about 65% of the global rust remover market share in 2023. Growth of the segment is attributed to its rapid action-causing nature. Acid rust remover comprises strong acids which dissolve the rust that later is wiped off easily. The process is quicker than other available processes and is relatively low-cost, less messy, and removes rust from tiny gaps in an object.
On the other hand, the neutral rust remover segment is expected to showcase a significant growth rate in the coming decade owing to increasing implementation of stringent regulations for maintaining occupational safety, as well as for transportation, logistics, and storage of strong acid and alkali-based rust removers that are corrosive in nature.
By end-use industry, the construction and infrastructure segment is projected to dominate the global rust remover market and it accounts for about 18% of the global consumption, finds FMI. Rapid expansion of the construction and infrastructure sector in developed & developing economies, growing government funding & budget allocation for maintenance of infrastructure and other public utilities, and rapidly increasing renovation & restructuring activities across the globe are projected to push the segment.
The automotive segment, on the other hand, is also expected to remain one of the key consumers of rust removers. Growth is mainly attributed to significant usage of rust removers for surface pretreatment and metal cleaning for the manufacturing of automotive components, as well as maintenance of the existing automotive fleet.
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Leading players in the rust remover market are focusing on the acquisition of other key players to expand their consumer base. Further, their expansion strategy includes capacity and geographical expansions in emerging economies to bolster their stronghold in the market. Some of the other key players are also investing in research and innovations for product development. A few others are introducing numerous sustainable products to minimize carbon footprint.
For instance,
Key Players
The global centrifugal rust remover market is valued at USD 531.6 million in 2023.
Chemtool, Rust-Oleum, 3M, CRC Industries, and Aerochem are key market players.
Acidic rust removers are likely to remain preferred through 2033.
Players opt for mergers and acquisitions.
India, Japan, and China dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Acid Rust Removers 5.2. Neutral Rust Removers 5.3. Alkaline Rust Removers 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry 6.1. Automotive 6.2. Aviation and Aerospace 6.3. Oil and Gas/Petrochemical 6.4. Marine 6.5. Construction & Infrastructure 6.6. Metal Machining 6.7. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Reckitt Benckiser Group 17.2. Jelmar LLC 17.3. The 3M Company 17.4. The Sherwin-Williams Company 17.5. Corrosion Technologies, LLC 17.6. Chempace Corporation 17.7. Fuchs Petrolub SE 17.8. Henkel Adhesives 17.9. Quaker Chemical Corporation 17.10. PPG Industries, Inc. 17.11. Akzo Nobel N.V. 17.12. Taiyo Chemicals & Engineering Co., Ltd. 17.13. Nola Chemie GmbH 17.14. Buchem Chemie + Technik GmbH & Co. KG 17.15. Summit Brands 17.16. Armor Inc. 17.17. Harris International Laboratories, Inc. 17.18. American Building Restoration Products, Inc. 17.19. Zerust Excor 17.20. Eurochem International 18. Assumptions & Acronyms Used 19. Research Methodology
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Rust Remover Market
