Acrylic Segment to Dominate MEA Floor Care Polymers Market during 2020–2027

According to a new market research study on “MEA 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$ 278.94 million by 2027 from US$ 192.02 million in 2019 and is expected to grow at a CAGR of 4.9% from 2020 to 2027. The report provides trends prevailing in the MEA floor care polymers market and the drivers and restraints pertaining to the market growth. Surging demand for floor care in the workplace is the primary factor driving the MEA floor care polymers market. However, the laborious filling process and other polymer flooring complexities hinder MEA floor care polymers' growth. Moreover, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. Saudi Arabia has the largest COVID-19 cases in the MEA region and is followed by South Africa and UAE, among others. UAE was the first country in the MEA to report a confirmed case of coronavirus. This is anticipated to impact market growth in MEA negatively.

The MEA 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 MEA floor care polymers market, whereas the biopolymer segment is anticipated to grow at the fastest growth rate during 2020-2027. The MEA 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 MEA floor care polymers market during the forecast period. The MEA 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; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; The Dow Chemical Company; Zschimmer & Schwarz, Inc. are among the leading companies in the MEA 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 MEA Floor Care Polymers Market As Follows:

MEA Floor Care Polymers Market, by Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

MEA Floor Care Polymers Market, by Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

MEA Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

MEA Floor Care Polymers Market, by Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

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