Asia Pacific Floor Care Polymers Market is expected to reach US$ 1,449.57 million by 2027

Acrylic Segment to Dominate APAC Floor Care Polymers Market during 2020–2027

According to The Insight Partners market research study on “APAC Floor Care Polymers Market Forecast to 2027 – COVID-19 Impact and Analysis – By Product Type (Polyethylene, Acrylic, Acrylonitrile, Biopolymer, and Others), Function (Adhesives, Floor Finish Coatings, Film Formulations, and Others), and Application (Residential, Commercial, and Industrial),” is expected to reach US$ 1,449.57  million by 2027 from US$ 941.46 million in 2019 and is expected to grow at a CAGR of 5.7% from 2020 to 2027. The report provides trends prevailing in the APAC floor care polymers market and the drivers and restraints pertaining to the market growth. Various applications of floor care polymers is the primary factor driving the APAC floor care polymers market. However, the laborious filling process and other polymer flooring complexities hinder the APAC floor care polymers market's growth. Moreover, COVID-19 has affected economies and industries in many countries due to travel bans, lockdowns, and business shutdowns. The Airports Council International Asia-Pacific warned that the coronavirus outbreak's prolonged duration would drastically impact the APAC region’s economic sustainability and airports’ connectivity, significantly restricting them from achieving previously forecasted growth prospects. Such closures are expected to impact market growth in the coming period negatively. Till now, India has the highest number of COVID -19 confirmed cases.

The APAC floor care polymers market is segmented into product type, function, and application. The floor care polymers market is bifurcated into polyethylene, acrylic, acrylonitrile, biopolymer, and others based on the product type. The acrylic segment dominated the APAC floor care polymers market, whereas the biopolymer segment is expected to grow at the fastest growth rate during 2020-2027. The APAC floor care polymers market based on function has been bifurcated into adhesives, floor finish coatings, film formulations, and others. The floor finish coatings segment dominated the APAC floor care polymers market during the forecast period. The APAC floor care polymers market based on application has been bifurcated into residential, commercial, and industrial. The industrial segment held a substantial share during the forecast period.

Arkema Group; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; Polymer International Holdings Pte Ltd; Stahl Holdings B.V.; The Dow Chemical Company; Zschimmer & Schwarz, Inc. are among the leading companies in the APAC floor care polymers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Zschimmer & Schwarz, Inc. acquired Interpolymer Corporation, USA, in order to expand the existing business portfolio of the specialty chemicals manufacturer with polymer-based solutions and added a new division to the current six business areas.

APAC Floor Care Polymers Market, By Country, 2019 and 2027 (%)

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Asia Pacific Floor Care Polymers Market to Grow at a CAGR of 5.7% to reach US$ 1,449.57 Million from 2020 to 2027

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Asia Pacific Floor Care Polymers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Polyethylene, Acrylic, Acrylonitrile, Biopolymer, and Others), Function (Adhesives, Floor Finish Coatings, Film Formulations, and Others), and Application (Residential, Commercial, and Industrial)

The Report Segments The APAC Floor Care Polymers Market As Follows:

APAC Floor Care Polymers Market, by Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

APAC Floor Care Polymers Market, by Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

APAC Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

APAC Floor Care Polymers Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC