Stone Plastic Composite SPC Flooring Market Report 2024 (Global Edition)

Global Stone Plastic Composite SPC Flooring Market Report 2024 Market Size Split by Product (Embossed In Register Surface SPC Floor, Regular Double Layers SPC Floor, Regular Single Layer SPC Floor, Su...

Stone Plastic Composite SPC Flooring Market Report Description

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Stone Plastic Composite SPC Flooring Market Insights Video

Competitive Landscape of the Stone Plastic Composite (SPC) Flooring Market

The competitive landscape of the Stone Plastic Composite (SPC) Flooring market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts.

In August 2020, the Shaw Industries Group in the United States invests about USD 20 million to boost the manufacturing of SPC resilient flooring

(Source: https://shawinc.com/Newsroom/Press-Releases/Shaw-To-Expand-Its-SPC-Resilient-Flooring-Manufact#:~:text=(Shaw)%20is%20expanding%20its%20resilient,new%20jobs%20at%20the%20facility)

Top Companies Market Share in Stone Plastic Composite SPC Flooring Industry: (In no particular order of Rank)

• 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
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Stone Plastic Composite (SPC) Flooring Market

Which Region Dominates the Stone Plastic Composite (SPC) Flooring Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The real estate industry in North America is booming, and there is a lot of new development and renovation going on. The demand for SPC flooring has increased as owners of residential and commercial properties look for long-lasting, reasonably priced flooring options.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Stone Plastic Composite (SPC) Flooring market. Consumer spending on house renovation and interior design has surged in several Asia Pacific nations with rising levels of disposable income. The demand for SPC flooring, with its vast array of designs and styles, has increased dramatically as consumers look for contemporary, aesthetically pleasing flooring solutions.

The current report Scope analyzes Stone Plastic Composite SPC Flooring Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Stone Plastic Composite SPC Flooring Market

According to Cognitive Market Research, the global Stone Plastic Composite (SPC) Flooring market size was estimated at USD 3281.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1312.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Stone Plastic Composite (SPC) Flooring market with a market size of USD 1035.55 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. The growth in the country is attributed to the growing investment.
• The Canada Stone Plastic Composite (SPC) Flooring market had a market share of USD 157.50 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. The country is attributed to the rising investment in innovative technology.
• The Mexico Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.9% during the forecast period with a market size of USD 119.44 million in 2024.

Europe Stone Plastic Composite SPC Flooring Market

According to Cognitive Market Research, the global Stone Plastic Composite (SPC) Flooring market size was estimated at USD 3281.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 984.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The United Kingdom Stone Plastic Composite (SPC) Flooring market had a market share of USD 165.37 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. In the UK, Stone Plastic Composite (SPC) Flooring sales witness an upswing due to the nation's growing investment.
• The France Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 14.9% during the forecast period with a market size of USD 90.56 million in 2024.
• According to Cognitive Market Research, the Germany Stone Plastic Composite (SPC) Flooring market size was valued at USD 194.90 million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. In Germany, Stone Plastic Composite (SPC) Flooring sales surged due to the presence of major companies.
• The Italy Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.1% during the forecast period with a market size of USD 84.65 million in 2024.
• The Russia Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 14.7% during the forecast period with a market size of USD 152.58 million in 2024.
• The Spain Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 80.72 million in 2024.
• The Luxembourg Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.8% during the forecast period with a market size of USD 30.52 million in 2024.
• The Portugal Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.5% during the forecast period with a market size of USD 20.67 million in 2024.
• The Greece Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.0% during the forecast period with a market size of USD 11.81 million in 2024.
• Rest of Europe Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 14.4% during the forecast period with a market size of USD 152.58 million in 2024.

Asia Pacific Stone Plastic Composite SPC Flooring Market

According to Cognitive Market Research, the global Stone Plastic Composite (SPC) Flooring market size was estimated at USD 3281.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 754.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Stone Plastic Composite (SPC) Flooring market size was valued at USD 339.60 million in 2024 and is projected to grow at a CAGR of 18.7% during the forecast period. Stone Plastic Composite (SPC) Flooring sales surged in China due to the growing construction sector.
• The Japan Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 17.7% during the forecast period with a market size of USD 104.15 million in 2024.
• The India Stone Plastic Composite (SPC) Flooring market had a market share of USD 90.56 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period.
• The demand is augmented by India's growing urbanization. The South Korea Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 18.3% during the forecast period with a market size of USD 75.47 million in 2024.
• The Australia Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 18.9% during the forecast period with a market size of USD 39.24 million in 2024.
• The South East Asia Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 20.7% during the forecast period with a market size of USD 52.07 million in 2024.
• The Rest of Asia Pacific Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 19.0% during the forecast period with a market size of USD 53.58 million in 2024.

South America Stone Plastic Composite SPC Flooring Market

According to Cognitive Market Research, the global Stone Plastic Composite (SPC) Flooring market size was estimated at USD 3281.2 Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD 164.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.65% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Stone Plastic Composite (SPC) Flooring market size was valued at USD 70.22 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Stone Plastic Composite (SPC) Flooring sales flourish in Brazil due to the nation's favourable market conditions.
• The Argentina Stone Plastic Composite (SPC) Flooring market had a market share of USD 27.56 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period. The demand is augmented by Argentina's growing product launch.
• The Colombia Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.5% during the forecast period with a market size of USD 14.60 million in 2024.
• The Peru Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.8% during the forecast period with a market size of USD 13.45 million in 2024.
• The Chile Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.9% during the forecast period with a market size of USD 11.81 million in 2024.
• The Rest of Latin America Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.7% during the forecast period with a market size of USD 26.41 million in 2024.

Middle East and Africa Stone Plastic Composite SPC Flooring Market

According to Cognitive Market Research, the global Stone Plastic Composite (SPC) Flooring market size was estimated at USD 3281.2 Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 65.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.

• The GCC Countries Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 17.7% during the forecast period with a market size of USD 28.09 million in 2024. Stone Plastic Composite (SPC) Flooring sales flourish due to the region's favourable market conditions.
• The Egypt Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 17.2% during the forecast period with a market size of USD 6.89 million in 2024.
• The South Africa Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 17.9% during the forecast period with a market size of USD 10.37 million in 2024. Stone Plastic Composite (SPC) Flooring sales flourish in South Africa due to the region's favourable market conditions and growing product launch.
• The Turkey Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.4% during the forecast period with a market size of USD 5.64 million in 2024.
• The Nigeria Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 16.0% during the forecast period with a market size of USD 6.89 million in 2024.
• The Rest of MEA Stone Plastic Composite (SPC) Flooring market is projected to witness growth at a CAGR of 15.9% during the forecast period with a market size of USD 7.74 million in 2024.

Stone Plastic Composite SPC Flooring Market Analysis

Stone Plastic Composite (SPC) Flooring Market Product Segment Analysis

According to Cognitive Market Research, Embossed In Register Surface SPC Floor type stands out as the dominating category. With exceptional accuracy, EIR surface technology mimics the texture and appearance of natural materials like stone or wood. It produces an extremely realistic and accurate effect that closely resembles the natural grain, knots, and patterns of wood or the texture of stone by aligning the embossed texture with the printed design layer.

Super Hard Surface SPC Floor type emerges as the fastest-growing category in the Stone Plastic Composite (SPC) Flooring market. SHS technology increases SPC flooring's resilience, giving it remarkable resistance to dents, scratches, and abrasion. Even in high-traffic locations like busy homes or business spaces, the super hard surface coating successfully protects the flooring from damage by creating a strong protective barrier.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Stone Plastic Composite SPC Flooring Industry. Request a Free Sample PDF!

Stone Plastic Composite (SPC) Flooring Market Type Segment Analysis

According to Cognitive Market Research, the dominating category is Professional Installation. To accomplish precise and exact installations, experienced installers employ tools and equipment of the highest caliber. They guarantee that every plank is leveled, aligned, and fastened correctly, creating a continuous, aesthetically pleasing flooring surface devoid of cracks, unevenness, or buckling. Thereby, driving the segment expansion.

The fastest-growing category in the Stone Plastic Composite (SPC) Flooring market is DIY Installation. By eliminating the labor expenses related to hiring a professional installer, DIY installation enables customers to make financial savings. Homeowners and business owners can cut project costs by doing the installation themselves, freeing up funds for other furnishings or home renovation projects.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Stone Plastic Composite SPC Flooring Application Segment Analysis

According to Cognitive Market Research, the dominating category is Commercial. Due to its remarkable resistance and endurance, SPC flooring is a great option for high-traffic commercial settings like retail establishments, offices, medical facilities, educational institutions, and hospitality venues. Commercial property owners can save money because of its durability and reduced need for replacement due to its resistance to wear, impacts, and significant foot traffic.

The fastest-growing category in the Stone Plastic Composite (SPC) Flooring market is Residential Use. PC flooring improves the general comfort and livability of residential spaces by offering a soft and quiet flooring surface underfoot. In multi-story homes or apartments, its integrated underlayment and rigid core construction provide sound insulation qualities that minimize sound disturbances and noise transfer between floors.

• Commercial
• Residential Use

Stone Plastic Composite SPC Flooring Thickness Segment Analysis

According to Cognitive Market Research, the dominating category is Standard Thickness. This thickness range is frequently seen in SPC flooring products that are affordable or entry-level. Compared to thicker alternatives, thinner planks may be less stable and durable, but they may also save money. They work well in residential settings with light foot traffic.

The fastest-growing category in the Stone Plastic Composite (SPC) Flooring market is Enhanced Thickness. The segment expansion is attributed to the rising demand from commercial spaces.

• Standard Thickness
• Enhanced Thickness

Stone Plastic Composite SPC Flooring Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is offline. In the Stone Plastic Composite (SPC) flooring industry, offline distribution channels are important because they give customers access to a large selection of goods and services via actual retail stores.

The fastest-growing category in the Stone Plastic Composite (SPC) Flooring market is Online. The segment expansion is attributed to the rising e-commerce sector.

• Online
• Offline

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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