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STONE PLASTIC COMPOSITE FLOORING MARKET ANALYSIS

Stone Plastic Composite Flooring Market, By Product Type (SPC Tiles and SPC Planks), By Application (Residential, Commercial, and Industrial), By End User (Residential, Commercial, and Industrial), By Thickness (Standard Thickness and Enhanced Thickness), By Distribution Channel (Online and Offline), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Nov 2023
  • Code : CMI5966
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

Market News

Recent Developments

New product launches

  • In 2023, Mohawk launched its new line of SPC flooring called Naturalistics. The line features a variety of realistic wood and stone looks, as well as a number of new features, such as a patented locking system that makes installation easier.
  • In 2023, Armstrong Flooring launched its new line of SPC flooring called Luxury Vinyl Tile (LVT). The line features a variety of high-end looks, as well as a number of new features, such as a scratch-resistant topcoat and a water-resistant core.
  • In 2023, Mannington Mills launched its new line of SPC flooring called SmartCore. The line features a variety of stylish looks, as well as a number of new features, such as a patented locking system that makes installation easier and a wear layer that is twice as thick as standard SPC flooring.

Acquisition and partnerships

  • In 2022, Armstrong Flooring (manufacturer of innovative flooring products focusing on design, performance and durability for the home and commercial applications) acquired Ergon Composite Flooring, a leading manufacturer of SPC flooring in Europe. This acquisition gave Armstrong Flooring a significant foothold in the European market, by allowing the company to expand its product portfolio.
  • In 2021, Mohawk Industries (American flooring manufacturer) acquired Pergo, a leading manufacturer of SPC flooring in North America. This acquisition gave Mohawk Industries a major presence in the North American SPC market, by allowing the company to expand its product portfolio.
  • In 2020, Tarkett (leader in flooring and sports surfaces for hospitals, schools, housing, hotels, offices, stores and sports fields) acquired Artoleum, a leading manufacturer of SPC flooring in South America. This acquisition gave Tarkett a significant foothold in the South American market, by allowing the company to expand its product portfolio.

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