+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Stone Plastic Composite Flooring Market (2021-2026) by Product Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • PDF Icon

    Report

  • 160 Pages
  • April 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5392889
The Global Stone Plastic Composite Flooring Market is estimated to be USD 25.15 Bn in 2021 and is expected to reach USD 42.96 Bn by 2026, growing at a CAGR of 11.3%.



Market Dynamics

The rise in urbanization and increasing residential and industrial building constructions are the major factors boosting the market globally. The increasing adoption of the stone plastic composite (SPC) flooring owing to its properties such as waterproof, fire-resistant, heat compatible, stain-resistant, zero volatile organic compounds, and no formaldehyde emission has fueled the market growth. In addition, government norms associated with formaldehyde emission are anticipated to propel market growth. In addition, a growing trend for contemporary and aesthetically appealing interiors is attracting the customer base. However, the hard texture of the flooring and low awareness among the customers is expected to hinder the market growth.

With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new geographical markets.

Market Segmentation

The Global Stone Plastic Composite Flooring Market is segmented further based on Product Type, Application, and Geography.

By Product Type, the market is classified into DIY installation and professional installation. Amongst the two, the DIY installation segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as commercial use and residential use. Amongst all, the commercial use segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Shaw industries group expand its SPC resilient flooring manufacturer in the U.S., by investing approximately $20 million - 21st August 2020.
2. Korner Floor SPC synchronous structure- Oak Prestige is the newest pattern, perfectly imitating natural wood. - 29th June 2020

Company Profiles

Some of the companies covered in this report Armstrong Flooring Inc, Decno Group ltd, CFL Holding Limited., Zhejiang Oufei New Material Co., Ltd, Xinghua Zhengfu Plastic Industry Co., Ltd, Zhejiang GIMIG Technology Co., Ltd, Chenxing Group Ltd, Hiking Group, Shanghai 3C Industry Co., Ltd, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Stone Plastic Composite Flooring Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Stone Plastic Composite Flooring Market

What is the estimated value of the Global Stone Plastic Composite Flooring Market?

The Global Stone Plastic Composite Flooring Market was estimated to be valued at $25150 Million in 2021.

What is the growth rate of the Global Stone Plastic Composite Flooring Market?

The growth rate of the Global Stone Plastic Composite Flooring Market is 11.3%, with an estimated value of $42960 Million by 2026.

What is the forecasted size of the Global Stone Plastic Composite Flooring Market?

The Global Stone Plastic Composite Flooring Market is estimated to be worth $42960 Million by 2026.

Who are the key companies in the Global Stone Plastic Composite Flooring Market?

Key companies in the Global Stone Plastic Composite Flooring Market include Armstrong Flooring Inc, CFL Holding Limited., Changzhou Aipu Decorative Materials Co., Ltd, Changzhou Lingdian Wood Co., Ltd., Chenxing Group Ltd, Decno Group ltd, Foshan NewBetter Building Materials Co., Ltd, Hiking Group and Jining Luxing Plates.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Urbanization and Preference of Luxury Flooring
4.1.2 No Formaldehyde Emission
4.1.3 Rising Construction Sector And Renovation Activities
4.2 Restraints
4.2.1 Volatile Raw Material Prices
4.2.2 Hard Material Not Suitable For The Residential Sector
4.3 Opportunities
4.3.1 The Rise In Demand From Emerging Economies
4.3.2 Growing Popularity of Innovative Flooring
4.4 Challenges
4.4.1 Disposable Of Waste
4.4.2 Lack of Awareness
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Stone Plastic Composite Flooring Market, By Product Type
6.1 Introduction
6.2 DIY Installation
6.3 Professional Installation
7 Global Stone Plastic Composite Flooring Market, By Application
7.1 Introduction
7.2 Commercial Use
7.3 Residential Use
8 Global Stone Plastic Composite Flooring Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Chile
8.3.4 Colombia
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Netherlands
8.4.7 Sweden
8.4.8 Russia
8.4.9 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Sri Lanka
8.5.9 Thailand
8.5.10 Rest of APAC
8.6 Middle-East and Africa
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Armstrong Flooring Inc
10.2 CFL Holding Limited.
10.3 Changzhou Aipu Decorative Materials Co., Ltd
10.4 Changzhou Lingdian Wood Co., Ltd.
10.5 Chenxing Group Ltd
10.6 Decno Group ltd
10.7 Foshan NewBetter Building Materials Co., Ltd
10.8 Hiking Group
10.9 Jiangsu Zhengyoung Flooring
10.10 Jining Luxing Plates
10.11 Korner
10.12 Muchsee Wood Inc.
10.13 Shanghai 3C Industry Co., Ltd
10.14 Shaw industries group
10.15 Tops Flooring
10.16 Xinghua Zhengfu Plastic Industry Co., Ltd
10.17 Xylos Arteriors India Pvt ltd
10.18 Yestrong
10.19 Zhejiang GIMIG Technology Co., Ltd
10.20 Zhejiang Oufei New Material Co., Ltd
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Armstrong Flooring Inc
  • CFL Holding Limited.
  • Changzhou Aipu Decorative Materials Co., Ltd
  • Changzhou Lingdian Wood Co., Ltd.
  • Chenxing Group Ltd
  • Decno Group ltd
  • Foshan NewBetter Building Materials Co., Ltd
  • Hiking Group
  • Jiangsu Zhengyoung Flooring
  • Jining Luxing Plates
  • Korner
  • Muchsee Wood Inc.
  • Shanghai 3C Industry Co., Ltd
  • Shaw industries group
  • Tops Flooring
  • Xinghua Zhengfu Plastic Industry Co., Ltd
  • Xylos Arteriors India Pvt ltd
  • Yestrong
  • Zhejiang GIMIG Technology Co., Ltd
  • Zhejiang Oufei New Material Co., Ltd