PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392115
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392115
Stone Plastic Composite Flooring Market, By Product Type, By Application, By End User, By Thickness, By Distribution Channel, By Geography
Global Stone Plastic Composite Flooring Market size is expected to reach US$ 10.91 Bn by 2030, from an estimated US$ 3.64 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 17% during 2023 and 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 3.64 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 17.00% | 2030 Value Projection: | US$ 10.91 Bn |
Stone plastic composite which is also known as SPC or rigid core flooring, is a new generation flooring material that resembles stone but is much more flexible, durable, and affordable than natural stone or hardwood. It uses environmentally friendly raw materials such as limestone, inorganic mineral materials, and plastic resin as binder combined together in specific proportions under high temperature and pressure. SPC flooring closely resembles the natural look of stone but resists damage from moisture and scratches more effectively than hardwood or ceramic tiles. It can be installed quickly and is waterproof and extremely durable, thus making it an ideal choice for kitchens and bathrooms. It is easy to maintain and retains its beauty for many years. Rapid urbanization along with rising disposable incomes in developing countries are the key factors expected to drive the growth of global stone plastic composite flooring market during the forecast period.
Market Dynamics:
Increasing popularity of luxury vinyl flooring and advancements in technology and design aesthetics, durability, water resistance, easy installation, low maintenance requirements, and growing demand for eco-friendly and sustainable flooring options are expected to drive growth of the global stone plastic composite flooring market during the forecast period. Some of the prominent drivers influencing the market include growing renovations and remodeling activities across residential and commercial buildings globally due to high product durability and low maintenance, rapid urbanization especially in emerging economies, rising disposable incomes , and changing consumer lifestyle and preferences towards low maintenance and easy to clean flooring options.
However, intense competition from other flooring materials, high initial costs compared to traditional options, and limited awareness among consumers are expected to hamper the growth of the global stone plastic composite flooring market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global stone plastic composite flooring market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global stone plastic composite flooring market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategiesKey companies covered as a part of this study include Shaw Industries Group Inc., Mohawk Industries Inc., Mannington Mills, Inc., Armstrong Flooring Inc., Tarkett S.A., ., Beauflor, Gerflor, Karndean Designflooring, Congoleum, and Novalis Innovative Flooring
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global stone plastic composite flooring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stone plastic composite flooring market
Global Stone Plastic Composite Flooring Market Detailed Segmentation:
- By Product Type:
- SPC Tiles
- SPC Planks
- By Application:
- Residential
- Commercial
- Industrial
- By End User:
- Residential
- Commercial
- Industrial
- By Thickness:
- Standard Thickness
- Enhanced Thickness
- By Distribution Channel:
- Online
- Offline
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
- Top Companies in the Global Stone Plastic Composite Flooring Market:
- Mohawk Industries
- Shaw Industries
- Mannington Mills
- Armstrong Flooring
- Tarkett
- Beauflor
- Gerflor
- Karndean Designflooring
- Congoleum
- Novalis Innovative Flooring
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Thickness
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Water and moisture resistance
- Installation challenges
- Increasing consumer awareness
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Stone Plastic Composite Flooring Market- Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Stone Plastic Composite Flooring Market, By Product Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- SPC Tiles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- SPC Planks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Stone Plastic Composite Flooring Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
7. Global Stone Plastic Composite Flooring Market, By End User, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
8. Global Stone Plastic Composite Flooring Market, By Thickness, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Standard Thickness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Enhanced Thickness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
9. Global Stone Plastic Composite Flooring Market, By Distribution Channel, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Offline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
10. Global Stone Plastic Composite Flooring Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Sub-region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018 - 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Thickness, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Thickness, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
- Germany
- U.K
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Thickness, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Thickness, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Thickness, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2023-2030,(US$ Bn)
- GCC Countries
- Israel
- South Africa
- Central Africa
- North Africa
- Rest of Middle East
11. Competitive Landscape
- Company Profile
- Mohawk Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Shaw Industries
- Mannington Mills
- Armstrong Flooring
- Tarkett
- Beauflor
- Gerflor
- Karndean Designflooring
- Congoleum
- Novalis Innovative Flooring
- Analyst Views
12. Section
- References
- Research Methodology
- About us
