Report : Floor Care Polymers Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Polyethylene, Acrylic, Acrylonitrile, Biopolymer, and Other); Function (Adhesives, Floor Finish Coatings, Film Formulations, and Others); and Application (Residential, Commercial, and Industrial)
Rise in demand for floor care in workplaceto escalate market growth at 5.6%CAGRduring 2020–2027
According to the latest market study on “Floor Care PolymersMarket Forecast to 2027 – COVID-19 Impact and Global 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)and Geography,” the marketwas valued atUS$ 2,991.95million in 2019 and is projected to reach US$ 4,572.78million by 2027; it is expected to grow at a CAGR of 5.6 % during 2020–2027. The report highlightskey driving factorsand prominent market players along with their developmentsin the market.
Floor care polymers such as polyurethane, acrylic, biopolymer, and acrylonitrile are polymers that provide a variety of performances such as high gloss, water and UV resistance to protect the floor from damages and to make it look more attractive. These polymers also helps wetting andlevelingthe floors, provide buff ability and recoat ability. They are developed with technical properties such as detergent and water resistance, traffic and scuff resistance, slip resistance, and long-term stability. The floor care polymers are resilient and seals the floor, and brings in safety and beauty in well-trafficked areas as well.
Proper floor care is a crucial component in every aspect of the business. Whether it is tile flooring or carpet wood, floor care is important in the workplace. The constant foot traffic, dirt and other allergens may disrupt the business workflow and the appeal. The floor set the tone for the customers and interested parties as soon as they walk inside the office buildings. A clean and shiny foundation provides a feeling of comfort and creates a sense of trust in the facility. The condition of the flooring acts as a representative of the company’s professionalism and the level of cleanliness maintained in the company. The floor care polymers like polyethylene, acrylic, acrylonitrile, and biopolymers used in the floor caring of workplaces offer benefits such as high gloss, hardness, toughness, scuff resistance, slip resistance, water resistance, and faster drying. These polymers are the main building blocks that are responsible for the forming of the floor finish film. The other advantage of using floor care polymers in workplaces is the prevention of injuries. Cracked surfaces and slippery floors largely contribute to injuries in the workplace. The floor care polymers are made using different chemicals that help in creating slip resistance which prevents accidents in the workplace. Foot traffic in offices and commercial buildings drags in mud, bacteria, and all kinds of debris. The floor care polymers help keeping the dirt from getting embedded into the floor and make a huge difference in the appearance of the facility.
The COVID-19 outbreak was first reported in Wuhan, China in December 2019, and since then, it has spread at a fast pace globally. Lockdowns, travel bans, and business shutdown measuresimplemented to the spread of infection have led to the limitations on the supplies of chemicals and materials products. This represents a significant loss for floor care polymers manufacturers.
Cargill Incorporated; Dow Chemical Company; Essential Industries, Inc.; Mitsui Chemicals Inc.;OMNOVA Solutions Inc.;Polymer International Holdings PTE Ltd.; Buckeye International Inc.; Zschimmer & Schwarz Inc.; Arkema S.A.; and Stahl Holdings B.V. are among the key players in the global floor care polymersmarket.
The report segments the Global Floor Care Polymers market as follows:
By Product Type