Middle East and Africa Floor Care Polymers Market

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)

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, 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 MEA 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. Rising government focus on expanding various industries, such as food processing, healthcare, and consumer goods industries, is likely to boost the demand for floor care polymers over the forecast period. Moreover, this further provides a vast number of customers for the floor care polymers in this region. The growth of these industries would positively impact the development of the MEA floor care polymers market. However, the laborious filling process and other polymer flooring complexities hinder MEA floor care polymers' growth. Furthermore, 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 the 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.

Key Market Segments

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 expected 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.

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 MEA 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. among others.

Reasons to buy report

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

MEA Floor Care Polymers Market Segmentation

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

Company Profiles

• Arkema Group
• Cargill, Incorporated
• Mitsui Chemicals, Inc.
• OMNOVA Solutions Inc.
• The Dow Chemical Company
• Zschimmer & Schwarz, Inc.

Middle East and Africa Floor Care Polymers Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Floor Care Polymers Report Scope

Middle East and Africa Floor Care Polymers Regional Insights

The geographic scope of the Middle East and Africa 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.