Acrylic Segment to Dominate Europe Floor Care Polymers Market during 2020-2027

According to a new market research study on “Europe Floor Care Polymers Market Forecast to 2027 – COVID-19 Impact and 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),” is expected to reach 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. The report provides trends prevailing in the Europe floor care polymers market along with the drivers and restraints pertaining to the market growth. Various benefits of floor care polymers are the primary factor driving the Europe floor care polymers market. However, the laborious filling process and other polymer flooring complexities hinder the growth of Europe floor care polymers. Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, 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.

The Europe floor care polymers market is segmented into product type, function, and application. The floor care polymers market is bifurcated into polyethylene, acrylic, acrylonitrile, biopolymer, and others based on the product type. The acrylic segment dominated the Europe floor care polymers market, whereas the biopolymer segment is expected to grow at the fastest growth rate during 2020-2027. The Europe floor care polymers market based on function has been bifurcated into adhesives, floor finish coatings, film formulations, and others. The floor finish coatings segment dominated the Europe floor care polymers market during the forecast period. The Europe floor care polymers market based on application has been bifurcated into residential, commercial, and industrial. The industrial segment held a substantial share during the forecast period.

Arkema Group; Buckeye International, Inc.; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; Stahl Holdings B.V.; The Dow Chemical Company; Zschimmer & Schwarz, Inc. are among the leading companies in the Europe floor care polymers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Zschimmer & Schwarz, Inc. acquired Interpolymer Corporation, USA, to expand the specialty chemicals manufacturer's existing business portfolio with polymer-based solutions and adds a new division to the current six business areas.

The Report Segments The Europe Floor Care Polymers Market As Follows:

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

• Residential
• Commercial
• Industrial

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com