The floor care polymers market was valued at US$ 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%from 2020 to 2027.
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 help in wetting andleveling of 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.
The global floor care polymers market in North America is expected to grow at the highest CAGR of during 2020–2027.Floor care polymers are widely used in residential buildings, commercial office buildings, and in industries such as automotive, electrical and electronics, textile, aerospace and defense, and medical. The growth of the construction and coating industries in this region and the extensive use of floor care polymers by the endusers are influencing the market growth.
The recent COVID-19 outbreak, whichbegan in Wuhan, China during December 2019, has spread around the world at a fast pace. As of October2020, the US, Russia, India, Brazil, China, Italy, Spain, France, and Germany are amongthe worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in October 2020, ~42,512,186 confirmed cases and ~1,147,301 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns imposed by governments. Chemicals and materialsis one the world’smajor industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.Although, China is the global manufacturing hub and is the largest raw material supplier for various industries in the world, it is also one of the worst
-
hit countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is adversely affecting the global supply chains, and manufacturing and sales of variouschemicals and materials. The overall market collapse due to this outbreak is also restraining the floor care polymers market growth due to shutdown of factories, obstacle in supply chains, and downturn in world economy.Global Floor Care Polymers Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rise in Demand for Floor Care in Workplace
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. They also help 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. Increasing investments in commercial buildings are expected to drive the demand of floor care polymers in work places. Thus, the rise in demand for floor caring in workplaces drives the growth of the floor care polymers market.
Product TypeInsights
Based on product type, thefloor care polymersmarket is segmented into polyethylene, acrylic,
acrylonitrile, biopolymer, and others.The acrylicsegment accounted for the largest share of the global market in 2019; whereas, the biopolymersegment is expected to grow at the highest CAGR during the forecast period. Acrylic refers to a transparent thermoplastic homo polymer and is commonly known as plexiglass. Acrylic is similar to polycarbonate and is suitable to use as an impact resistance alternative to glass. It is considered to be one of the cleanest polymers in the market. Acrylic is used in areas with high humidity and mechanical stress. It is used mainly in dining rooms, shopping centers, halls of light industry due to its glassy texture. It is demanded for flooring in sites where a non-slip, strong, and textured surface is required such as in laboratories, footpaths, and subway platforms. The acrylic polymer has long elastic retention capacity and can withstand external loads and helps providing water proof floors. Acrylic polymers used in cement flooring are characterized with high tensile strength, compressive strength, durability, and the ability to withstand aggressive chemical environments. It is mostly present in packing plant, fish and meat cutting shops, dairies, as they require less thickness of floors but are able to tolerate the harsh and heavy burden. Acrylic also findsits application is synthetic coatings that are designed for the installation of tennis and other multi-use game zones. The pigmented and textured making provides an ideal surface for a wide range of sports surfaces or floors. Acrylic polymer is used for varying thickness depending upon the requirements of the floor.
Floor Care Polymers Market, by Product Type– 2019and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
FunctionInsights
Based on function, thefloor care polymersmarketis segmented intoadhesives, floor finish coatings, film formulations, and others.The floor finish coatingssegment accounted for the largest share ofthe market in 2019 and is expected to register the highest CAGR during the forecast period. Floor finish coatings are polymer coatings that are applied and painted on the top of an underlying substrate or a primer coating layer. They are also used to protect the surface from oxidations as well as provide static control. Floor finish coating is basically a protective layer that is tough and is used in areas where there is heavy surface wear or where corrosion is expected. Epoxy as a floor coating can be used as resurfacing the applications as well as patching the exposed surfaces and is mostly used for commercial and industrial flooring. This type of coating requires a clean surface and provides strength and low shrinkage during curing. The industrial and the commercial sector rely on these floor coatings to maintain a clean and safe working environment for the workers, inventory, and equipment.
ApplicationInsights
Based on application, the floor care polymersmarket is segmented into residential, commercial, and industrial.The industrial segment accounted for the largest share of the market in 2019and is expected to grow with highest CAGR during the forecast period. The industrial sector includes manufacturing companies, aerospace and defense, chemical factories, warehouses, and construction, among others. In this sector, the flooring should provide a professional look along with one of the strongest coatings. The polymer flooring needs to withstand heavy traffic and is not maintained regularly. Epoxy flooring is resistant to a lot of substances such as oil, water, transmission fluid, gasoline, cleaners, bleach, and many more chemicals. This type of flooring is required to meet a lot of environmental and safety standards. The polymers used should be able to provide durability and easy maintenance, along with protecting the concrete floors.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Floor Care Polymers Market: Strategic Insights
Market Size Value in US$ 2,991.95Million in 2019 Market Size Value by US$ 4,572.78Million by 2027 Growth rate CAGR of 5.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Floor Care Polymers Market: Strategic Insights
| Market Size Value in | US$ 2,991.95Million in 2019 |
| Market Size Value by | US$ 4,572.78Million by 2027 |
| Growth rate | CAGR of 5.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Mergers and acquisitions, and research and development are commonly adopted strategies by companies to expand their footprint worldwide. Zschimmer & Schwarz, and other companies areamong the global floor care polymers market players implementing these strategies to enlarge the customer base and gain significant market share worldwide, which, in turn, permit the players to maintain their brand name in Europe. For instance, in 2015, Zschimmer & Schwarz acquired Interpolymer Corporation, USA so as to expand the existing business portfolio of the specialty chemicals manufacturer with polymer-based solutions and adds a new division to the existing six business areas.
Report Spotlights
- Progressive industry trends in the global floor care polymersmarket that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the floor care polymersmarket from 2017 to 2027
- Estimation of global floor care polymersdemand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global floor care polymersdemand
- Market trends and outlook,and factors driving and restraining the growth of the market
- Understanding of strategies that underpin commercial interest with regard to global floor care polymersmarket growth, which facilitates effective decision-making process
- Floor care polymersmarket size at various nodes of market
- Detailed overview and segmentation of the market, as well as dynamics in the industry
- Global floor care polymersmarket size in various regions with promising growth opportunities in the these regions
Global Floor Care Polymers Market Segmentation
By Product Type
- Polyethylene
- Acrylic
- Acrylonitrile
- Biopolymer
- Others
By Function
- Adhesives
- Floor Finish Coatings
- Film Formulations
- Others
By Application
- Residential
- Commercial
- Industrial
Company Profiles
- Cargill Incorporated
- Arkema Group
- Dow Chemical Company
- Essential Industries, Inc.
- Zschimmer & Schwarz
- Mitsui Chemicals Inc.
- OMNOVA Solutions Inc.
- Buckeye International, Inc.
- Stahl Holdings B.V.
- Polymer International Holdings PTE Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Function ; and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the globalfloor care polymersmarketareCargill Incorporated, Dow Chemical Company, Essential Industries, Inc., Mitsui Chemicals, Inc., OMNOVA Solutions Inc., Polymer International Holdings PTE Ltd., Buckeye International, Inc., Zschimmer& Schwarz, Inc., Akrema S.A., and Stahl Holdings B.V.amongst others.
In 2019,the floor care polymersmarket was predominantinAsia Pacificat theglobal level.The growth of the floor care polymers market in this region is primarily attributed to the presence of several domestic and international players operating in the floor care polymers market. The increase in the need for preventive maintenance for the purpose of protect the investment in the polymer floor surface also favors the market demand in the region. Rise in the use of polyurethane polymer in flooring is yet another factor supporting the market demand for floor care polymers.
The industrial sector includes manufacturing companies, industrial factories or buildings, chemical factories, warehouses, construction, etc. In this sector, the flooring that is required should provide a professional look along with one of the strongest coatings. The polymer flooring in this sector needs to withstand heavy traffic and is not maintained regularly. There is an increase in demand for epoxy flooring as it is resistant to a lot of substances such as oil, water, transmission fluid, gasoline, cleaners, bleach, and many more chemicals. This type of flooring is required to meet a lot of environmental and safety standards. The polymers used should be able to provide durability and easy maintenance, along with protecting the concrete floors.
The List of Companies - Floor Care Polymers Market
- Cargill Incorporated
- Arkema Group
- Dow Chemical Company
- Essential Industries, Inc.
- Zschimmer & Schwarz
- Mitsui Chemicals Inc.
- OMNOVA Solutions Inc.
- Buckeye International, Inc.
- Stahl Holdings B.V.
- Polymer International Holdings PTE Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Floor Care Polymers Market
Oct 2020
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
Oct 2020
Oil Pollution Remediation Materials Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
Oct 2020
Greenhouse and Mulch Film Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Greenhouse Films and Mulch Films), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
Oct 2020
Plastic for SLS 3D Printing Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Polyamide, Thermoplastic Polyurethane (TPU), Polyether Ether Ketone (PEEK), and Others) and End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electronics, Others)
Oct 2020
Carbon Fiber-Based SMC BMC Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type (Polyester, Vinyl Ester, Epoxy, and Others) and End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Building and Construction, and Others)
Oct 2020
Thermoplastic Adhesive Films Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Material (Polyethylene, Polyamide, Thermoplastics Polyurethane, Polyester, Polypropylene, Polyolefins, Copolyamides, Copolyesters, and Others); Technology (Cast Film and Blown Film); Application (Membrane Films, Barrier Films, and Blackout Films); End Use (Textile, Automotive, Electrical and Electronics, Medical, Ballistic Protection, Lightweight Hybrid Construction, and Others)