APAC 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)
Number of Pages: 90
Market Introduction
Floor care polymers are polishes, wax, sealers, cleaners, and many other products used to take care of different flooring types, including marble, tiles, wooden, and others. Floor care polymers such as polyurethane, acrylic, biopolymer, and acrylonitrile provide various performances such as high gloss, water, and UV resistance to protect the floor from damages and to make it look more attractive. The floor care polymers are resilient and seal the floor, and bring in safety & beauty in well-trafficked areas.
Market Overview and Dynamics
The floor care polymers market in APAC is expected to reach US$ 1,449.57 million by 2027 from US$ 941.46 million in 2019 and is expected to grow at a CAGR of 5.7% from 2020 to 2027. The floor care polymers market in APAC comprises several developing economies such as China, India, Japan, South Korea, and Australia. Asia-Pacific is considered to be the fastest-growing economic region, with China and India developing at a fast rate. Businesses are open to adopting new emerging technologies and at a higher rate. Also, Southeast Asia's emerging economies, such as Thailand, Malaysia, Singapore, and others, are experiencing growth in their automotive, transportation, manufacturing, consumer electronics, and many other industries. Floor care polymers are widely used in these industries, further contributing to the market growth in this region.
However, the laborious filling process and other polymer flooring complexities hinder the APAC floor care polymers market's growth. Furthermore, COVID-19 has affected economies and industries in many countries due to travel bans, lockdowns, and business shutdowns. The Airports Council International Asia-Pacific warned that the coronavirus outbreak's prolonged duration would drastically impact the APAC region’s economic sustainability and airports’ connectivity, significantly restricting them from achieving previously forecasted growth prospects. Such closures are expected to impact market growth in the coming period negatively. Till now, India has the highest number of COVID -19 confirmed cases.
Key Market Segments
The APAC 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 APAC floor care polymers market, whereas the biopolymer segment is expected to grow at the fastest growth rate during 2020-2027. The APAC 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 APAC floor care polymers market during the forecast period. The APAC 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the floor care polymers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arkema Group; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; Polymer International Holdings Pte Ltd; Stahl Holdings B.V.; The Dow Chemical Company; Zschimmer & Schwarz, Inc. among others.
Reasons to buy report
APAC Floor Care Polymers Market Segmentation
APAC Floor Care Polymers Market, by Product Type
APAC Floor Care Polymers Market, by Function
APAC Floor Care Polymers Market, by Application
APAC Floor Care Polymers Market, by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 941.46 Million |
| Market Size by 2027 | US$ 1,449.57 Million |
| CAGR (2020 - 2027) | 5.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Floor Care Polymers Market is valued at US$ 941.46 Million in 2019, it is projected to reach US$ 1,449.57 Million by 2027.
As per our report Asia Pacific Floor Care Polymers Market, the market size is valued at US$ 941.46 Million in 2019, projecting it to reach US$ 1,449.57 Million by 2027. This translates to a CAGR of approximately 5.7% during the forecast period.
The Asia Pacific Floor Care Polymers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Floor Care Polymers Market report:
The Asia Pacific Floor Care Polymers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Floor Care Polymers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Floor Care Polymers Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Floor Care Polymers Market
