Asia Pacific Floor Care Polymers Market

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.

Asia Pacific Floor Care Polymers Strategic Insights

Strategic insights for the Asia Pacific Floor Care Polymers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Floor Care Polymers Report Scope

Asia Pacific Floor Care Polymers Regional Insights

The geographic scope of the Asia Pacific Floor Care Polymers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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

• To understand the APAC floor care polymers market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC Floor care polymers Market
• Efficiently plan M&A and partnership deals in APAC floor care polymers market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC Floor care polymers Market
• Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Floor Care Polymers Market Segmentation

APAC Floor Care Polymers Market, by

Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

APAC Floor Care Polymers Market, by

Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

APAC Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

APAC Floor Care Polymers Market, by

Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Company Profiles

• 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.