SPC, which stands for Stone Plastic (or Polymer) Composite, features a core that is typically comprised of around 60% calcium carbonate (limestone), polyvinyl chloride and plasticizers. SPC Flooring, also known as Rigid Core Vinyl Flooring, is the newest generation of vinyl floors. Built with a stone plastic composite core, SPC Flooring is virtually indestructible and has a unique resilience that allows for a tremendous amount of versatility that no other category possesses. It is 100% waterproof, fire-resistant, radiant heat compatible, and scratch resistant, thus it can be installed in any room that is susceptible to moisture and temperature fluctuations.
Market Analysis and Insights: Global Stone Plastic Composite (SPC) Flooring Market
Due to the COVID-19 pandemic, the global Stone Plastic Composite (SPC) Flooring market size is estimated to be worth US$ 4421.7 million in 2022 and is forecast to a readjusted size of US$ 13590 million by 2028 with a CAGR of 20.6% during the review period. Fully considering the economic change by this health crisis, DIY Installation accounting for % of the Stone Plastic Composite (SPC) Flooring global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Commercial Use segment is altered to an % CAGR throughout this forecast period.
China Stone Plastic Composite (SPC) Flooring market size is valued at US$ million in 2021, while the US and Europe Stone Plastic Composite (SPC) Flooring are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Stone Plastic Composite (SPC) Flooring landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Stone Plastic Composite (SPC) Flooring include Armstrong Flooring, Decno Group, CFL Flooring, Zhejiang Oufei New Material, Zhengfu Plastic, Zhejiang GIMIG Technology, Chenxing Group, Hiking Group and Shanghai 3C Industrial, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Stone Plastic Composite (SPC) Flooring capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Stone Plastic Composite (SPC) Flooring by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Stone Plastic Composite (SPC) Flooring Scope and Segment
Stone Plastic Composite (SPC) Flooring market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Stone Plastic Composite (SPC) Flooring market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
DIY Installation
Professional Installation
Segment by Application
Commercial Use
Residential Use
By Company
Armstrong Flooring
Decno Group
CFL Flooring
Zhejiang Oufei New Material
Zhengfu Plastic
Zhejiang GIMIG Technology
Chenxing Group
Hiking Group
Shanghai 3C Industrial
Changzhou Aipu Decorative Materials
Changzhou Lingdian
NewBetter Building Materials
Tops Flooring
Yestrong
Jining Luxing Plates
MUCHSEE Wood
Jiangsu Zhengyoung Flooring
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E