DUBLIN--(BUSINESS WIRE)--he "Global Stone Plastic Composite Flooring Market (2021-2026) by Product Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
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
- 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
- Shaw industries group expand its SPC resilient flooring manufacturer in the U.S., by investing approximately $20 million - 21st August 2020.
- 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.
Key Topics Covered:
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
2.3 Market Size Estimation
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
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
For more information about this report visit https://www.researchandmarkets.com/r/ksbpdl
