Floor Care Polymers Market Size, Trends and Growth Analysis by 2027

The worldwide market for floor care polymers was valued at approximately US$ 2,991.95 million in 2019 and is anticipated to grow to around US$ 4,572.78 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.6% from 2020 to 2027.

Floor care polymers, including polyurethane, acrylic, biopolymer, and acrylonitrile, are specialized materials that offer various performance benefits such as high gloss finishes, resistance to water and UV rays, which help protect flooring from damage while enhancing its aesthetic appeal. These polymers facilitate the wetting and leveling of surfaces, and they also provide buffing and recoating capabilities. They are engineered with specific properties that include resistance to detergents and water, durability against traffic and scuffing, slip resistance, and long-term stability. The resilience of these polymers allows them to seal floors effectively, contributing to both safety and visual appeal in high-traffic areas.

The market for floor care polymers is categorized by product type into segments such as polyethylene, acrylic, acrylonitrile, biopolymer, and others. In 2019, the acrylic segment held the largest market share, while the biopolymer segment is projected to experience the highest growth rate during the forecast period. Acrylic, a transparent thermoplastic homopolymer commonly referred to as plexiglass, is similar to polycarbonate and serves as a robust alternative to glass due to its impact resistance. It is recognized as one of the cleanest polymers available. Acrylic is particularly suited for environments with high humidity and mechanical stress, making it ideal for use in dining areas, shopping centers, and light industrial spaces due to its glass-like appearance. It is in demand for flooring applications where a non-slip, durable, and textured surface is essential, such as in laboratories, walkways, and subway stations. The acrylic polymer boasts excellent elastic retention, enabling it to endure external loads while providing waterproof flooring solutions. When used in cement flooring, acrylic polymers exhibit high tensile and compressive strength, durability, and the capacity to withstand harsh chemical conditions. They are commonly found in packing plants, fish and meat processing facilities, and dairies, where thinner flooring is advantageous yet must support significant weight. Additionally, acrylic is utilized in synthetic coatings for the installation of tennis courts and other multi-purpose sports areas, with its pigmented and textured formulations creating optimal surfaces for various athletic activities.

The COVID-19 pandemic, which originated in Wuhan, China in December 2019, has rapidly spread worldwide. By October 2020, countries such as the US, Russia, India, Brazil, Spain, China, Italy, France, and Germany were among the most severely affected in terms of confirmed cases and fatalities. According to the World Health Organization (WHO) data from October 2020, there were approximately 42,512,186 confirmed cases and around 1,147,301 deaths reported globally. The pandemic has significantly impacted economies and industries due to government-imposed lockdowns, travel restrictions, and business closures. The chemicals and materials sector is one of the major industries facing severe disruptions, including supply chain interruptions, cancellations of technology events, and office closures. Although China is a key global manufacturing hub and a primary supplier of raw materials for various industries, it has also been heavily impacted by the pandemic. The shutdown of numerous factories in China has negatively affected global supply chains, as well as the manufacturing and sales of various chemicals and materials. Consequently, the overall market downturn due to the pandemic is hindering the growth of the floor care polymers market, as factory closures, supply chain challenges, and economic decline continue to pose significant obstacles.

Regionally, the floor care polymers market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. In 2019, Asia-Pacific held the largest market share, followed by Europe. The floor care polymers market in the Asia-Pacific region includes several developing nations such as China, India, Japan, South Korea, and Australia. These emerging markets are experiencing growth driven by urbanization, an increase in manufacturing industries, and the influence of social media, which presents numerous opportunities for key players in the floor care polymers sector.

Key players in the global floor care polymers market include Cargill Incorporated, Arkema Group, Dow, Essential Industries, Inc., Zschimmer & Schwarz, Mitsui Chemicals Inc., OMNOVA Solutions Inc., Buckeye International, Inc., and Stahl Holdings B.V. Additionally, Polymer International Holdings PTE Ltd. is also a significant participant in this market.

The size of the floor care polymers market has been determined through both primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Furthermore, multiple primary interviews were conducted with industry stakeholders and experts to validate the information and gain deeper analytical insights. Participants in this research typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, along with external consultants like valuation experts, research analysts, and key opinion leaders specializing in the floor care polymers market.