South America Floor Care Polymers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type, Function, and Application

Acrylic Segment to Dominate South America Floor Care Polymers Market during 2020-2027

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$ 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 report provides trends prevailing in the South America floor care polymers market along with the drivers and restraints pertaining to the market growth. Growing demand for floor care in workplace is the primary factor driving the South America floor care polymers market. However, the laborious filling process and other polymer flooring complexities hinder the growth of South America floor care polymers. Besides, 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 number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. South America's government has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is predicted that 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.

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.

Arkema Group; Cargill, Incorporated; Mitsui Chemicals, Inc.; OMNOVA Solutions Inc.; The Dow Chemical Company; Zschimmer & Schwarz, Inc.; and Stahl Holdings B.V. are among the leading companies in the South 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 specialty chemicals manufacturer's existing business portfolio with polymer-based solutions and adds a new division to the current six business areas.

The Report Segments The South America Floor Care Polymers Market As Follows:

By Product Type

• Polyethylene
• Acrylic
• Acrylonitrile
• Biopolymer
• Others

By Function

• Adhesives
• Floor Finish Coatings
• Film Formulation

By Application

• Residential
• Commercia

By Country

• Brazil
• Argentina
• Rest of South America

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