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Floor Care Polymers Market to Grow at a CAGR of 5.6% by 2027

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Floor Care Polymers Market to Grow at a CAGR of 5.6% by 2027

November 26
00:26 2021
Rise in demand for floor care in work place to escalate floor care polymers market growth at 5.6% CAGR during 2020–2027

According to the latest market study on “Floor Care Polymers Market Forecast to 2027 – COVID-19 Impact and Global Analysis -by Product Type, Function and Application (Residential, Commercial and Industrial) and Geography,” the market was valued at US$ 2,991.95million in 2019 and is projected to reach US$ 4,572.78million by 2027.

Strategic Insights 

Report Coverage

Details

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

No. of Pages

169

No. Tables

82

No. of Charts & Figures

82

Historical data available

Yes

Segments covered

Product Type ; Function ; and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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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.

Rise in demand for floor care in workplace to escalate Floor care polymers market growth at 5.6%CAGRduring 2020–2027

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.

Impact of COVID-19 on Floor Care Polymers Market:

The recent COVID-19 outbreak, which began 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 among the 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 materials is one the world’s major 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

Download the Latest COVID-19 Analysis on Floor Care Polymers Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00012846/

Floor Care Polymers Market: Function

Based on function, the floor care polymers market is segmented into adhesives, floor finish coatings, film formulations, and others. The floor finish coatings segment accounted for the largest share of the 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.

Floor Care Polymers Market: Competitive Landscape and Key Developments

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 polymers market.

Order a Copy of Floor Care Polymers Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00012846/

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