Report Overview
Stone Plastic Composite (SPC) flooring is an innovative rigid core flooring solution composed of limestone powder, polyvinyl chloride (PVC), and stabilizers. This unique composition provides exceptional durability, water resistance, and dimensional stability, making SPC flooring a preferred choice for both residential and commercial applications. It is highly resistant to impact, moisture, and temperature fluctuations, ensuring longlasting performance and easy maintenance.
Market Analysis
The Vietnam Stone Plastic Composite (SPC) Flooring Market was valued at US$ 312.4 million in 2024 and is projected to reach US$ 562.3 million by 2030, growing at a CAGR of 10.3% during the forecast period (2024-2030). The increasing demand for cost-effective, durable, and waterproof flooring solutions is driving this market expansion.
Key Market Statistics:
Market Growth: CAGR of 10.3% (2024-2030)
Residential sector market share: 58%
Waterproof performance: IPX7 rating achieved by 94% of SPC flooring products
Impact resistance: 30% improvement over traditional vinyl flooring
Manufacturing efficiency: 52% increase through automation
Installation success rate: 98.2% with 2,450 certified installers
Dimensional stability: Within 0.05% variance
Distribution points: Expanded to 342 locations
