The global floor care polymers market was valued at US$ 2,991.95 million in 2019 and is projected to reach US$ 4,572.58 million by 2027; it is expected to grow at a CAGR of 5.6 % during 2020-2027. The scope of this study involves understanding the factors contributing to the growthof the market; it also includes estimating and forecasting the revenues, conducting the market share analysis, and spotting significant market players along with their key developments.

The floor care polymers such as polyethylene, acrylic, acrylonitrile, and biopolymers are used in adhesives, floor finish coatings, film formulations, strippers, etc. The floor care polymers are used in making adhesives that result in enabling the user to fix the tiles, marbles, or granite with bed techniques. These adhesives act as a replacement to the traditional thick bed techniques of cement and sand. These adhesives are also suitable for fixing dense and concrete surfaces and help savings cost as they reduce the need for breaking or removing the old tiles and laying new ones. The use of floor care polymers in floor finish coatings has been the most reliable and times tested products used for floor protection. The floor care polymers are produced using biotechnology and nanotechnology that chemically bonds the components to give rise to chemical compounds that provide resistance to chemicals, moisture, and bacteria. Different types of polymers are available for the floor finish coatings, such as polyaspartic, epoxy, concrete epoxy, and urethane. They help healing the concrete cracks and make the floor smoother and stronger. Acrylic floor care polymers are applied to the floor finish coatings for hardening the surfaces used in heavy construction areas. Besides these, the inherent properties of floor care polymers provide benefits such as hardness, gloss, toughness, scuff resistance, detergent resistance, and slip resistance that make them the building block responsible for forming the floor finish films. All these benefits and functions offered by the floor care polymers favor the market growth.

Based on product type, the floor care polymersmarket is segmented intopolyethylene, acrylic, acrylonitrile, biopolymer, and others. In 2019, the acrylic segment dominated the floor care polymersmarket.Acrylic refers to a transparent thermoplastic homopolymer and is commonly known plexiglass. Acrylic is similar to polycarbonate and is suitable to use as an impact resistance alternative to glass. It is considered to be one of the cleanest polymers in the market. Acrylic is used in areas with high humidity and mechanical stress. It is used mainly in dining rooms, shopping centers, halls of light industry due to its glassy texture. It is demanded for flooring in sites where a non-slip, strong, and textured surface is required such as in laboratories, footpaths, and subway platforms. The acrylic polymer has long elastic retention capacity and can withstand external loads and helps providing water proof floors. Acrylic polymers used in cement flooring are characterized with high tensile strength, compressive strength, durability and the ability to withstand aggressive chemical environments.

The COVID-19 outbreak was first registered in Wuhan, China duringDecember 2019, and since then, it has spread at a fast pace around the globe. Extended lockdowns and travel bans owing to the rise in the number of COVID-19 cases have resulted in the limitation on the supplies of chemicals and materials. This represents a significant loss for floor care polymersmanufacturers as well.

Based on geography, the global floor care polymersmarket is broadly segmented into five regions-North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. The Asia Pacific accounted for the largest share of the global floor care polymers market in 2019, followed by Europe and North America.

Floor Care PolymersMarket Breakdown- by Region, 2019

The report segments the Global Floor Care Polymersmarket as follows:

By Product Type
- Polyethylene
- Acrylic
- Acrylonitrile
- Biopolymer
- Others

By Function
- Adhesives
- Floor Finish Coatings
- Film Formulations
- Others

By Application
- Residential
- Commercial
- Industrial 

By Geography

North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
South America

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