I. Core Definition and Characteristics of SPC Flooring
Basic attributes: It belongs to the sheet classification of PVC flooring, mainly made of stone powder and polyvinyl chloride (PVC), without plasticizers, and with the addition of heavy calcium fillers, PVC resin powder, stabilizers and other additives. It is made into a hard plastic flooring through high-temperature extrusion, mixing, extrusion and online lamination.
Core advantages: Due to the presence of stone powder components, it has higher stability and durability, and also features water resistance, moisture resistance, fire resistance, and environmental friendliness.
Ⅱ. Industrial Chain Structure of SPC Flooring Industry
Upstream: Raw material suppliers (stone powder, PVC resin, additives, etc.) and equipment providers (mixers, extruders, calenders, molds, etc.).
Downstream: Applied in the fields of home decoration and commercial building decoration. Among them, commercial and public projects are important markets. The demand for home decoration has been increasing along with the renovation and upgrading of residences and the rising demands of consumers for the aesthetics and functionality of decoration materials. It is widely used in kitchens, bathrooms, living rooms and other places in economical and high-end residences.
Ⅲ. Current Development Status of the SPC Flooring Industry
Market size: Both the global and Chinese markets continue to expand. In 2023, the scale of the Chinese market was approximately 11.72 billion yuan, with production and demand volumes of about 486 million and 174 million square meters respectively. The global market size will reach 46.605 billion yuan (RMB) in 2024, with China reaching 13.935 billion yuan. It is estimated that the global market size will reach 99.376 billion yuan in 2030, with a compound annual growth rate of 13.45%.
Technology-driven: The application of digital, automated and intelligent technologies enhances the production efficiency and product performance of enterprises, helping to meet the demands of more complex application scenarios.
Policy support: The government provides support through policies such as tax reduction and exemption, and financial subsidies.
Competition pattern: there are more competitors in the industry and fierce competition for market share. The competition extends from price to product innovation, service quality and brand influence.
Application requirements: The demand for commercial and public projects remains stable, while the demand for home decoration (especially for economical and practical types and high-end residences) continues to rise along with the upgrading of consumer demands.
Post time: Aug-29-2025
