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With a CAGR of 17.9% between 2022 and 2030, the market for stone plastic composite (SPC) flooring is expected to grow from an anticipated USD 3.15 billion in 2022 to USD 7.97 billion.
The eco-friendliness, recyclable nature, and waterproof nature of stone plastic composite flooring are all factors that should contribute to the industry's rapid expansion worldwide. SPCs, also known as stone polymer composites, are made from a mixture of polyvinyl chloride (PVC) and stone (often 60 percent limestone). SPCs find widespread application in both public and private floors. Over the forecast period, the global market is likely to rise on the back of factors including the expanding building and construction industry and strong demand for the product.
The product's 0% volatile organic compound and formaldehyde emissions, as well as its superior stability, fire-resistance, stain-resistance, and anti-slippage, are expected to boost demand. UV coating, wear, vinyl top, and SPC core are the four components that make up SPC. The scratch-resistant wear layer complements the UV coating's stain- and wear-resistance. The vinyl surface layer incorporates the flooring's design, texture, and colour, and is therefore waterproof. Stable core and waterproofing capabilities are provided by the SPC core layer, which is created by mixing limestone powder and stabilisers.
The durable core layer of stone plastic composite (SPC) flooring makes it superior to engineered wood. The flooring option it provides is both sturdy and fashionable. This stabiliser, polyvinyl chloride powder, and natural limestone powder mix often forms the substance's central core. A SPC layer, a wear layer, a vinyl layer, and sometimes even an underlay are all components. Because of the large proportion of limestone in SPC, it is exceptionally strong, dense, and resistant to indentation and impact.
Commercial and residential properties alike benefit from the aesthetic and long-lasting qualities of stone plastic composite (SPC) flooring. It is available in a wide range of shapes and colours, and its versatility means it can be used anywhere from the living room to the boardroom. It's also convenient to set up, requires nothing in the way of upkeep, and retains its good looks for a long time. Because of these benefits, SPC flooring is quickly becoming the preferred alternative for homes, businesses, public buildings, financial institutions, retail establishments, and other commercial spaces. Floors made of stone plastic composite (SPC) are less expensive than hardwood floors of the same quality, yet they nevertheless appear and feel like natural wood. The price of SPC flooring installation is low as well. DIY installation allows consumers to save money on labour costs. It's a cheaper alternative to real wood flooring. Stone plastic composite (SPC) flooring is an excellent option because it is watertight. These planks are more resilient to liquids than many of the flooring options it replicates because of the PVC core layer that gives it its firm structure.
Nonetheless, compared to other flooring options, it is not as eco-friendly and does not significantly increase the value of the home. The market for SPC flooring is hampered by these factors. Additionally, rising incidences of injury and the proliferation of complaints about noise generated by foot traffic are both anticipated to function as market barriers for the expansion of the stone plastic composite flooring industry. The largest obstacle to the development of the stone plastic composite flooring market will be the general public's lack of familiarity with this material.
This report analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product trends in the global stone plastic composite flooring market. Contact Data Bridge industry Research to receive an Analyst Brief on the stone plastic composite flooring industry. Our experts will assist you in making educated business decisions that will lead to expansion of the market.
Report Coverage
Global Stone Plastic Composite Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Stone Plastic Composite Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Stone Plastic Composite Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Stone Plastic Composite Flooring market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Stone Plastic Composite Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Stone Plastic Composite Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armstrong Flooring Inc, CFL flooring Denco group Ltd, Zhejiang Oufei New Material Co., Ltd, Xinghua Zhengfu Plastic Industry Co., Ltd, Chenxing, Changzhou Lingdian wood Co., Ltd, Tops Flooring, Shanghai 3C Industrial Co Ltd, Jining Luxing Plates Co., Ltd, Foshan NewBetter Building Materials Co., Ltd, Yestrong Incorporation Limited, Muchsee Wood Flooring Pvt Ltd, and Jiansu Zhengyoung Flooring Decorative Material Co., Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Stone Plastic Composite Flooring market based on the below-mentioned segments:
Global Stone Plastic Composite Flooring Market, By Type
Professional Installation
DIY Installation
Global Stone Plastic Composite Flooring market, By Application
Commercial
Residential Use
Global Stone Plastic Composite Flooring Market, By Marketing Channel
Online Channel
Traditional Marketing Channel (Offline)
Global Stone Plastic Composite Flooring market, Regional Analysis
The eco-friendliness, recyclable nature, and waterproof nature of stone plastic composite flooring are all factors that should contribute to the industry's rapid expansion worldwide. SPCs, also known as stone polymer composites, are made from a mixture of polyvinyl chloride (PVC) and stone (often 60 percent limestone). SPCs find widespread application in both public and private floors. Over the forecast period, the global market is likely to rise on the back of factors including the expanding building and construction industry and strong demand for the product.
The product's 0% volatile organic compound and formaldehyde emissions, as well as its superior stability, fire-resistance, stain-resistance, and anti-slippage, are expected to boost demand. UV coating, wear, vinyl top, and SPC core are the four components that make up SPC. The scratch-resistant wear layer complements the UV coating's stain- and wear-resistance. The vinyl surface layer incorporates the flooring's design, texture, and colour, and is therefore waterproof. Stable core and waterproofing capabilities are provided by the SPC core layer, which is created by mixing limestone powder and stabilisers.
The durable core layer of stone plastic composite (SPC) flooring makes it superior to engineered wood. The flooring option it provides is both sturdy and fashionable. This stabiliser, polyvinyl chloride powder, and natural limestone powder mix often forms the substance's central core. A SPC layer, a wear layer, a vinyl layer, and sometimes even an underlay are all components. Because of the large proportion of limestone in SPC, it is exceptionally strong, dense, and resistant to indentation and impact.
Commercial and residential properties alike benefit from the aesthetic and long-lasting qualities of stone plastic composite (SPC) flooring. It is available in a wide range of shapes and colours, and its versatility means it can be used anywhere from the living room to the boardroom. It's also convenient to set up, requires nothing in the way of upkeep, and retains its good looks for a long time. Because of these benefits, SPC flooring is quickly becoming the preferred alternative for homes, businesses, public buildings, financial institutions, retail establishments, and other commercial spaces. Floors made of stone plastic composite (SPC) are less expensive than hardwood floors of the same quality, yet they nevertheless appear and feel like natural wood. The price of SPC flooring installation is low as well. DIY installation allows consumers to save money on labour costs. It's a cheaper alternative to real wood flooring. Stone plastic composite (SPC) flooring is an excellent option because it is watertight. These planks are more resilient to liquids than many of the flooring options it replicates because of the PVC core layer that gives it its firm structure.
Nonetheless, compared to other flooring options, it is not as eco-friendly and does not significantly increase the value of the home. The market for SPC flooring is hampered by these factors. Additionally, rising incidences of injury and the proliferation of complaints about noise generated by foot traffic are both anticipated to function as market barriers for the expansion of the stone plastic composite flooring industry. The largest obstacle to the development of the stone plastic composite flooring market will be the general public's lack of familiarity with this material.
This report analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product trends in the global stone plastic composite flooring market. Contact Data Bridge industry Research to receive an Analyst Brief on the stone plastic composite flooring industry. Our experts will assist you in making educated business decisions that will lead to expansion of the market.
Report Coverage
Global Stone Plastic Composite Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Stone Plastic Composite Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Stone Plastic Composite Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Stone Plastic Composite Flooring market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Armstrong Flooring Inc, CFL flooring Denco group Ltd, Zhejiang Oufei New Material Co., Ltd, Xinghua Zhengfu Plastic Industry Co., Ltd, Chenxing, Changzhou Lingdian wood Co., Ltd, Tops Flooring, Shanghai 3C Industrial Co Ltd, Jining Luxing Plates Co., Ltd, Foshan NewBetter Building Materials Co., Ltd, Yestrong Incorporation Limited, Muchsee Wood Flooring Pvt Ltd, and Jiansu Zhengyoung Flooring Decorative Material Co., Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Stone Plastic Composite Flooring Market from 2021 to 2030.
- Market Forecast for Stone Plastic Composite Flooring Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Stone Plastic Composite Flooring competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Stone Plastic Composite Flooring
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Stone Plastic Composite Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Stone Plastic Composite Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armstrong Flooring Inc, CFL flooring Denco group Ltd, Zhejiang Oufei New Material Co., Ltd, Xinghua Zhengfu Plastic Industry Co., Ltd, Chenxing, Changzhou Lingdian wood Co., Ltd, Tops Flooring, Shanghai 3C Industrial Co Ltd, Jining Luxing Plates Co., Ltd, Foshan NewBetter Building Materials Co., Ltd, Yestrong Incorporation Limited, Muchsee Wood Flooring Pvt Ltd, and Jiansu Zhengyoung Flooring Decorative Material Co., Ltd.
Primary Target Market
- Market Players of Stone Plastic Composite Flooring
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Stone Plastic Composite Flooring market based on the below-mentioned segments:
Global Stone Plastic Composite Flooring Market, By Type
Professional Installation
DIY Installation
Global Stone Plastic Composite Flooring market, By Application
Commercial
Residential Use
Global Stone Plastic Composite Flooring Market, By Marketing Channel
Online Channel
Traditional Marketing Channel (Offline)
Global Stone Plastic Composite Flooring market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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