South America Floor Care Polymers Market

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

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

South America Floor Care Polymers Market Segmentation

South America Floor Care Polymers Market, by

Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

South America Floor Care Polymers Market, by

Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

South America Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

South America Floor Care Polymers Market, by

Country

• Brazil
• Argentina
• Rest of South America

Company Profiles

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

South America Floor Care Polymers Strategic Insights

Strategic insights for the South America 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.

South America Floor Care Polymers Report Scope

South America Floor Care Polymers Regional Insights

The geographic scope of the South America 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.