Chemical & Material industry report: Status and future development trend of Stone Plastic Composite (SPC) Flooring

Recently, Global Market Consulting released a research report on the Stone Plastic Composite (SPC) Flooring industry: focusing on the analysis of the production capacity, sales volume, revenue and growth potential of Stone Plastic Composite (SPC) Flooring in major global regions, with historical data from 2018-2022 and forecast data from 2023-2029.

SPC stands for Stone Polymer Composite, a limestone core combined with PVC dust and a stabilizer. As a result, it's denser due to the core being 60-70% limestone with a 30% PVC core fused together. Often referred to as rigid core, SPC is 10X more impact resistant than WPC. It's also more stable to sunlight, can be installed in sunrooms, and has better scratch resistance compared to WPC.

According to our (Global Info Research) latest study, the global Stone Plastic Composite (SPC) Flooring market size was valued at USD 2424.9 million in 2022 and is forecast to a readjusted size of USD 6925.2 million by 2029 with a CAGR of 16.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The industry is relatively fragmented and the main players are located in China and the United States. Decno Group, Armstrong, Mohawk, Mannington Mills, Tianzhen Bamboo Flooring, Zhejiang Oufei New Material, Zhejiang Walrus New Material and Zhejiang Kingdom are considered to be the main players in the industry. Tianzhen Bamboo Flooring is considered to be the market leader with a 9% market share in sales.In terms of product, non-recycled PVC type is the largest segment, with a share over 95%. And in terms of application, the largest application is residential use, followed by commercial use.

This report is a detailed and comprehensive analysis for global Stone Plastic Composite (SPC) Flooring market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

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