Europe Floor Care Polymers Market Key Players and Opportunities by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Europe 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)
- Report Date : Dec 2020
- Report Code : TIPRE00017336
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 92
The floor care polymers market in Europe is expected to reach US$ US$ 1,271.23 million by 2027 from US$ 836.55 million in 2019 and is expected to grow at a CAGR of 5.5% from 2020 to 2027.
Europe's market includes Germany, France, Italy, the UK, Russia, and the rest of Europe. Europe has matured the automotive, food service, healthcare, hospitality & entertainment, industrial, construction, aerospace, medical, and consumer electronics sector, and it is further supported by high technology connectivity environment. Along with the advancing technology, the trend of smart offices and homes is boosting the demand for innovative floor care products such as sealers, wax, cleaners, additives, and others. Additionally, the consumers' rising personal disposable income has led to an increasing demand for a more advanced flooring system. These factors boost the floor care polymers market in Europe. Moreover, floor care polymers applications for industrial flooring have further propelled the Europe floor care polymers market growth. This is also projected to provide substantial growth opportunities for floor care polymers companies operating in Europe.In the case of various flooring systems, liquid-polymer components, including a sealer, coating, or mortar, are cured together to form a solid film that repairs, protects, or enhances a concrete substrate surface. The demand for various types of floor care polymers, such as polyethylene, acrylic, acrylonitrile, biopolymer, and other, has increased from the end-use industries within the European region, particularly in Germany, France, and the UK. Steady growth in the construction & architecture, corporate offices, paint & coatings, automotive, electrical & electronics, aerospace & defense, medical, transportation, and others industry has had a significant influence on the floor care polymers market in Europe. End-use sectors in this region are adopting different floor care polymers due to their properties, including making surfaces smooth and easy to clean, creates a beautiful floor surface, improves safety, long-term cost savings, and increases productivity.
Many companies are assisting various markets with their innovative approach to create unique floor care polymers products that are safe for any end-use. For instance, some of the companies are offering acrylic polymers for different end-use. Acrylate polymers are considered as a group of polymers made from acrylate monomers. These plastics are known for their transparency, resistance to breakage, and also elasticity. They are also commonly known as acrylics. This polymer is extensively used in the wall and flooring system. Some of the benefits offered by this polymer when used for flooring systems are superior adhesion to vinyl, resistance to acids and alkalis, stain resistance, excellent abrasion properties, and corrosion resistance. All these factors are influencing the market growth of floor care polymers in Europe. Extensive research work and focus of manufacturers to anticipate and meet the needs in the conception, development, and implementation of innovative polymers in floor coating, is further driving this market in Europe.
However, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In Europe, Italy, and Russia is the hardest-hit country by the coronavirus outbreak. It is anticipated to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe negatively.
Europe Floor Care Polymers Market Revenue and Forecast to 2027 (US$ Million)
Europe Floor Care Polymers Market Segmentation
Europe Floor Care Polymers Market, by Product Type
- Polyethylene
- Acrylic
- Acrylonitrile
- Biopolymer
- Others
Europe Floor Care Polymers Market, by Function
- Adhesives
- Floor Finish Coatings
- Film Formulations
- Others
Europe Floor Care Polymers Market, by Application
- Residential
- Commercial
- Industrial
Europe Floor Care Polymers Market, by Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Floor care polymers Market -Companies Mentioned
- Arkema Group
- Buckeye International, Inc.
- Cargill, Incorporated
- Mitsui Chemicals, Inc.
- OMNOVA Solutions Inc.
- Stahl Holdings B.V.
- The Dow Chemical Company
- Zschimmer & Schwarz, Inc.
Europe Floor Care Polymers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 836.55 Million |
| Market Size by 2027 | US$ US$ 1,271.23 Million |
| Global CAGR (2020 - 2027) | 5.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Arkema Group
- Buckeye International, Inc.
- Cargill, Incorporated
- Mitsui Chemicals, Inc.
- OMNOVA Solutions Inc.
- Stahl Holdings B.V.
- The Dow Chemical Company
- Zschimmer & Schwarz, Inc.
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