Chemical Research

  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 floorin...

  Stone plastic composite (SPC) flooring is a new generation floor manufactured by combining crushed limestone, plasticizers, and polyethylene. SPC flooring planks are easy to install, environmental friendly, sound proof, waterproof and moisture-proof. It provides an elegant look of natural stone at affordable price without compromising performance. The global Stone Plastic Composite Flooring Market is estimated to be valued at US$ 10.91 Bn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends:  One of the key trends fueling the growth of global  stone plastic composite flooring market  is rising popularity of SPC flooring over traditional floorings such as ceramic tiles, hardwood, and laminate flooring. SPC flooring closely mimics the appearance of natural stone but without its disadvantages. It is more durable, stain resistant and provides bette...