Market research and analysis:The market for Stone Plastic Composite (SPC) Flooring is expected to grow steadily over the next few years

Global Info Research report 《Global Stone Plastic Composite (SPC) Flooring Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029》. This report provides a basic overview of the Stone Plastic Composite (SPC) Flooring market, including definitions, classifications, applications, and industry chain structures, and also discusses development policies and plans as well as manufacturing processes and cost structures, and analyzes the development of the Stone Plastic Composite (SPC) Flooring market The current situation and future market trends, and analyze the main production areas, main consumption areas and main manufacturers of the Stone Plastic Composite (SPC) Flooring market from the perspectives of production and consumption.

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.

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