Europe Floor Care Polymers Market

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 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, and others. 

Market Overview and Dynamics

The floor care polymers market in Europe 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 rise in demand for floor care polymers in Germany and the Rest of Europe is the key factor driving the growth of the floor care polymers market in Europe. The floor care polymers are experiencing a massive demand in Germany and the Rest of Europe due to the rising industrial and commercial spending in these countries. The industrial market in Europe is experiencing a record-setting run. The rise in demand for modern functional logistics space is on the surge in Europe. Germany and the Rest of Europe are expecting incremental growth owing to the growing industrial sectors like aerospace, defense, warehouses, manufacturing companies, and chemical factories. These industries use floor care polymers as the flooring requires a professional look to attract clients, customers, and other interested parties. The industries are very much focused on improving the flooring of their buildings and offices and invest vast amounts in the flooring, which raises the demand for floor care polymers in these countries. The number of commercial sectors like hotels, restaurants, motels, health & educational institutions In Europe is witnessing incremental growth during the past few years. The flooring in these sectors needs to be hard, decorative, and easy to maintain due to the ever-increasing foot traffic in these areas. The floor care polymers used in the commercial sectors provide a high gloss surface and come in various colors. The Government expenditure in the industrial and commercial sectors in Germany and the Rest of Europe is increasing, which raises the need for flooring in the building and offices. The rise in the expenditure, the need to maintain proper flooring to maintain a professional touch, and improve flooring's service life is expected to provide a lucrative opportunity for the floor care polymers' growth soon. 

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.

Key Market Segments

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.

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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arkema Group; Buckeye International, Inc.; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; Stahl Holdings B.V.; The Dow Chemical Company; Zschimmer & Schwarz, Inc.  among others.

Reasons to buy report

• To understand the Europe 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 Europe Floor care polymers Market
• Efficiently plan M&A and partnership deals in Europe 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 Europe Floor care polymers Market
• Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Floor Care Polymers Market Segmentation

1. 1. 1. Europe Floor Care Polymers Market, by

         Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

2. 2. 2. Europe Floor Care Polymers Market, by

         Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

3. 3. 3. Europe Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

4. 4. 4. Europe Floor Care Polymers Market, by

         Country

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

Company Profiles

• Arkema Group
• Buckeye International, Inc.
• Cargill, Incorporated
• Mitsui Chemicals, Inc.
• OMNOVA Solutions Inc.
• Stahl Holdings B.V.
• The Dow Chemical Company

• Zschimmer & Schwarz, Inc.

Europe Floor Care Polymers Strategic Insights

Strategic insights for the Europe 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.

Europe Floor Care Polymers Report Scope

Europe Floor Care Polymers Regional Insights

The geographic scope of the Europe 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.