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 floor care polymers market in APAC 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 floor care polymers market in APAC comprises several developing economies such as China, India, Japan, South Korea, and Australia. These emerging countries are witnessing an upsurge due to growth in urbanization, increasing manufacturing industries coupled with growing industrialization, and the impact of social media, which offers ample opportunities for key market players in the floor care polymers market. Asia has ranked highest amongst chemicals producing regions. China is mainly dominating the regional market, followed by other countries such as Japan, Taiwan, Vietnam, Korea, Thailand, Malaysia, and Indonesia. These countries are experiencing rising demand for the manufacturing and construction industry. Apart from the floor care polymers application in the construction industry, floor care polymers are extensively utilized in automotive, corporate office, electronics & appliances, food service, healthcare, hospitality & entertainment, industrial, and other industries. Polymer mortar is a floor finish option; a resinous material is combined with the aggregate and applied by trowel at between 3/16 and 3/8 inches thick. This is effective at filling in the damaged area of the substrate but can be a higher initial investment than some of the other polymer floor coatings. These products are in high demand from commercial, residential, and industrial construction and further are fuelling the market growth in the APAC region. Increasing expenditure towards research and development activities to diversify the application base of floor care polymers has also led to Asia Pacific Floor Care Polymers market growth.
Surge in demand for floor care in workplace are the critical drivers for the growth of APAC's floor care polymers market. Proper floor care is an important component in every aspect of the business. Floor care is important in the workplace. The constant foot traffic and allergens may disrupt the business workflow and the appeal. A shiny and clean foundation provides a feeling of comfort. The floor care polymers like polyethylene, acrylonitrile, acrylic, and biopolymers used in the floor caring of workplaces offer benefits such as high gloss, toughness, water resistance, slip resistance, and faster drying. The floor care polymers help in keeping the dirt from getting embedded into the floor and makes a huge difference in the appearance of the facility. They also help in increasing the life of the floors as they are designed to be extremely durable, abrasion-resistant, and attractive, which in turn results in extending the service life of the floors. Thus, the rise in demand for floor caring in workplaces is expected to drive the floor care polymers market.
However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. 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.
APAC Floor Care Polymers Market Revenue and Forecast to 2027 (US$ Million)
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APAC Floor Care Polymers Market Segmentation
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
APAC Floor care polymers Market -Companies Mentioned
- 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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 APAC Market Segmentation
1.3.1 APAC Floor Care Polymers Market, by Product Type
1.3.2 APAC Floor Care Polymers Market, by Function
1.3.3 APAC Floor Care Polymers Market, by Application
1.3.4 APAC Floor Care Polymers Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Floor Care Polymers Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Floor Care Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in demand for floor care in workplace
5.1.2 Various applications of floor care polymers
5.2 Market Restraints
5.2.1 Laborious filling process and other complexities of polymer flooring
5.3 Market Opportunities
5.3.1 Rising Demand From China and India
5.4 Future Trends
5.4.1 Development of Macromolecular Polymer Technology
5.5 Impact Analysis Of Drivers And Restraints
6. Floor Care Polymers – APAC Market Analysis
6.1 Floor Care Polymers Market Overview
6.2 APAC: Floor Care Polymers Market – Revenue and Forecast to 2027(US$ Mn)
6.3 Market Positioning – Key Market Players
7. APAC Floor Care Polymers Market Analysis – By Product Type
7.1 Overview
7.2 APAC Floor Care Polymers Market, By Product Type (2019 and 2027)
7.3 Polyethylene
7.3.1 Overview
7.3.1.1 Polyethylene: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Acrylic
7.4.1 Overview
7.4.1.1 Acrylic: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Acrylonitrile
7.5.1 Overview
7.5.1.1 Acrylonitrile: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Biopolymers
7.6.1 Overview
7.6.1.1 Biopolymers: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.1.1 Others: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
8. APAC Floor Care Polymers Market Analysis – By Function
8.1 Overview
8.2 APAC Floor Care Polymers Market, By Function (2019 and 2027)
8.3 Adhesives
8.3.1 Overview
8.3.1.1 Adhesives: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Floor Finish Coatings
8.4.1 Overview
8.4.1.1 Floor Finish Coatings: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Film Formulations
8.5.1 Overview
8.5.1.1 Film Formulations: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.1.1 Others: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
9. APAC Floor Care Polymers Market Analysis – By Application
9.1 Overview
9.2 APAC Floor Care Polymers Market, By Application (2019 and 2027)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.2 Industrial: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
10. APAC Floor Care Polymers Market – Country Analysis
10.1 APAC: Floor Care Polymers Market
10.1.1 APAC: Floor Care Polymers Market, by Key Country
10.1.1.1 Australia: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 Australia: Floor Care Polymers Market, by Product Type
10.1.1.1.2 Australia: Floor Care Polymers Market, by Function
10.1.1.1.3 Australia: Floor Care Polymers Market, by Application
10.1.1.2 China: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 China: Floor Care Polymers Market, by Product Type
10.1.1.2.2 China: Floor Care Polymers Market, by Function
10.1.1.2.3 China: Floor Care Polymers Market, by Application
10.1.1.3 Japan: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Japan: Floor Care Polymers Market, by Product Type
10.1.1.3.2 Japan: Floor Care Polymers Market, by Function
10.1.1.3.3 Japan: Floor Care Polymers Market, by Application
10.1.1.4 India: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 India: Floor Care Polymers Market, by Product Type
10.1.1.4.2 India: Floor Care Polymers Market, by Function
10.1.1.4.3 India: Floor Care Polymers Market, by Application
10.1.1.5 South Korea: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 South Korea: Floor Care Polymers Market, by Product Type
10.1.1.5.2 South Korea: Floor Care Polymers Market, by Function
10.1.1.5.3 South Korea: Floor Care Polymers Market, by Application
10.1.1.6 Rest of APAC: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.6.1 Rest of APAC: Floor Care Polymers Market, by Product Type
10.1.1.6.2 Rest of Asia Pacific: Floor Care Polymers Market, by Function
10.1.1.6.3 Rest of APAC: Floor Care Polymers Market, by Application
11. Impact of COVID-19 Pandemic on APAC Floor Care Polymers Market
11.1 APAC: Impact assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Arkema Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cargill, Incorporated
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mitsui Chemicals, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OMNOVA Solutions Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Polymer International Holdings PTE Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Stahl Holdings B.V.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Dow Chemical Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Zschimmer & Schwarz, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. APAC Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. APAC Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 4. Asia Pacific Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 5. Australia Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 6. Australia Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 7. Australia Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 8. China Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 9. China Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 10. China Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 11. Japan Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 12. Japan Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 13. Japan Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 14. India Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 15. India Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 16. India Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 17. South Korea Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 18. South Korea Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 19. South Korea Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 20. Rest of APAC Floor Care Polymers Market, by Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 21. Rest of APAC Floor Care Polymers Market, by Function – Revenue and Forecast to 2027 (USD Mn)
Table 22. Rest of APAC Floor Care Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 23. Glossary of Terms, APAC Floor Care Polymers Market
LIST OF FIGURES
Figure 1. APAC Floor Care Polymers Market Segmentation
Figure 2. APAC Floor Care Polymers Market Segmentation – By Country
Figure 3. APAC Floor Care Polymers Market Overview
Figure 4. Floor Finish Coatings Segment Held Largest Share of APAC Floor Care Polymers Market
Figure 5. China Held Largest Share of APAC Floor Care Polymers Market
Figure 6. Floor Care Polymers Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Floor Care Polymers Market Impact Analysis Of Driver And Restraints
Figure 10. APAC: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. APAC: Floor Care Polymers Market Revenue Share, by Product Type (2019 and 2027)
Figure 12. APAC Polyethylene: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. APAC Acrylic: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. APAC Acrylonitrile: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. APAC Biopolymers: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Others: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Asia Pacific: Floor Care Polymers Market Revenue Share, by Function (2019 and 2027)
Figure 18. APAC Adhesives: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Floor Finish Coatings: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. APAC Film Formulations: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. APAC Others: Floor Care Polymers Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. APAC: Floor Care Polymers Market Revenue Share, by Application (2019 and 2027)
Figure 23. APAC Residential: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. APAC Commercial: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. APAC Industrial: Floor Care Polymers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. APAC: Floor Care Polymers Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. Australia: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. China: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Japan: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 30. India: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 31. South Korea: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Rest of APAC: Floor Care Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Impact of COVID-19 Pandemic In APAC Country Markets
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Floor Care Polymers Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the APAC Floor Care Polymers Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the floor care polymers market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.