Emerging Trends in the Stone Plastic Composite Flooring Market: A Comprehensive Overview
The Stone Plastic Composite Flooring Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Stone plastic composite flooring, also known as SPC flooring, is a type of floating waterproof flooring that resembles natural stone or hardwood. It provides robust durability for both residential and commercial spaces such as homes, offices, retail stores etc. Market Dynamics: Growing renovation and construction activities across both developed and developing regions are driving the growth of the global stone plastic composite flooring market . According to U.S. Census Bureau, the total construction spending in 2022 is estimated to reach USD 1.91 trillion, witnessing a 7.8% growth over 2021 spending levels. Further, steady expansion of real estate sector in countries like China, India, Mexico etc. has increased the demand for quality flooring solutions like stone plastic composite flooring which o