North America Floor Care Polymers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type, Function, and Application (Residential, Commercial, and Industrial

According to a new market research study on “North 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), is expected to reach US$ 1,198.07 million by 2027 from US$ 764.68 million in 2019 and is expected to grow at a CAGR of 5.9% from 2020 to 2027. The report provides trends prevailing in the North America floor care polymers market along with the drivers and restraints pertaining to the market growth. The rise in demand for floor care in the workplace is the primary factor driving the North America floor care polymers market. However, the laborious filling process and other complexities of polymer flooring hinder the North American floor care polymers market's growth. Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In the North America region, the US has the highest number of confirmed cases of COVID-19 as compared to Canada and Mexico. This likely to negatively affect the region's chemicals & materials industry as, due to the COVID-19, the supply chain is likely to get affected. Besides, the overall manufacturing processes, research, and development activities will also impact market growth.

The North 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 North America floor care polymers market, whereas the biopolymer segment is expected to grow at the fastest growth rate during 2020-2027. The North 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 North America floor care polymers market during the forecast period. The North 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.

Arkema Group; Buckeye International, Inc.; Cargill, Incorporated; The Dow Chemical Company; Essential Industries, Inc.; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; Stahl Holdings BV; Zschimmer & Schwarz, Inc. are among the leading companies in the North America floor care polymers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Zschimmer & Schwarz, Inc. acquired Interpolymer Corporation, USA to expand the existing business portfolio of the specialty chemicals manufacturer with polymer-based solutions and adds a new division to the current six business areas.

The Report Segments the North America Floor Care Polymers Market as Follows:

North America Floor Care Polymers Market, by Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

North America Floor Care Polymers Market, by Function

• Adhesives
• Floor Finish Coatings
• Film Formulations
• Others

North America Floor Care Polymers Market, by Application

• Residential
• Commercial
• Industrial

North America Floor Care Polymers Market, by Country

• US
• Canada
• Mexico

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• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the floor care polymers market, as well as those hindering it.
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