South America 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: 77
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, etc. Floor care polymers and additives offer a variety of performance features, including water and UV resistance. Additives for sealers and polishes create rigid, durable films that resist high-traffic use and reduce maintenance costs by increasing the timeframe between applications. These products also provide a wide range of other performance features, including water-resistance, high gloss, and faster drying. Floor care polymers are widely used in residential buildings, commercial office buildings, and industries, including automotive, electrical & electronics, textile, aerospace, defense, medical, etc.
Market Overview and Dynamics
The floor care polymers market in South America is expected to reach US$ 374.97 million by 2027 from US$ 257.24 million in 2019 and is expected to grow at a CAGR of 5.0% from 2020 to 2027. The rise in demand for floor care polymers in the workplace is the key factor driving the growth of the floor care polymers market in South America. Proper floor care is an essential component in every aspect of the business. Whether it is tile flooring or carpet wood, floor care is essential in the workplace. A clean and shiny foundation provides comfort and creates a sense of trust in the facility. The flooring condition acts as a representative of the company’s professionalism and the cleanliness level maintained in the company. The floor care polymers like polyethylene, acrylonitrile, acrylic, and biopolymers used in the floor caring of workplaces offer high gloss, hardness, toughness, and scuff resistance, slip resistance, water-resistance and faster drying. These polymers are the primary building blocks which are responsible for the forming of the floor finish film. Moreover, the floor care polymers are made using various chemicals that help create slip resistance, which prevents accidents in the workplace. The floor care polymers help keep the dirt from getting embedded into the floor and make a massive difference in the facility's appearance. They also help increase the life of the floors as they are designed to be extremely abrasion-resistant, durable, and attractive, which in turn results in extending the service life of the floors. Thus, the rise in demand for floor caring in workplaces drives the floor care polymers market's growth.
However, the laborious filling process and other polymer flooring complexities hinder South America floor care polymers' growth. Furthermore, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In South America, Brazil has the highest COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. South America's government has taken various actions to protect their citizens and contain COVID-19’s spread. It is predicted that the South America region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several South America countries will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
Key Market Segments
The South America 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 South America floor care polymers market, whereas the biopolymer segment is expected to grow at the fastest growth rate during 2020-2027. The South America 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 South America floor care polymers market during the forecast period. The South America 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 South America 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.; The Dow Chemical Company; Zschimmer & Schwarz, Inc.; and Stahl Holdings B.V. among others.
Reasons to buy report
South America Floor Care Polymers Market Segmentation
South America Floor Care Polymers Market, by Product Type
South America Floor Care Polymers Market, by Function
South America Floor Care Polymers Market, by Application
South America Floor Care Polymers Market, by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 257.24 Million |
| Market Size by 2027 | US$ 374.97 Million |
| CAGR (2020 - 2027) | 5.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
Some of the leading companies in South America Floor Care Polymers Market are:
The South America Floor Care Polymers Market is valued at US$ 257.24 Million in 2019, it is projected to reach US$ 374.97 Million by 2027.
As per our report South America Floor Care Polymers Market, the market size is valued at US$ 257.24 Million in 2019, projecting it to reach US$ 374.97 Million by 2027. This translates to a CAGR of approximately 5.0% during the forecast period.
The South America 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 South America Floor Care Polymers Market report:
The South America Floor Care Polymers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Floor Care Polymers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Floor Care Polymers Market value chain can benefit from the information contained in a comprehensive market report.
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