SPC flooring was introduced into China in the 1990s. Although it has been 30 years of development, it has been widely used in families, hospitals, schools, office buildings, factories, public places, supermarkets, businesses, stadiums and other places. Compared with Europe and the United States and other developed countries, the utilization rate of SPC flooring in China is still low, There is still more room for demand growth in the future. Attracted by the good development prospect, the number of SPC wood flooring manufacturers in China is increasing in recent years, and the new production capacity is increasing. According to the Research Report on market monitoring and future development prospects of China's SPC flooring industry from 2020 to 2024 released by xinsijie, the production capacity of China's SPC wood flooring manufacturers will reach 170 million square meters in 2019. In addition to the increase in the number of local enterprises, more and more large multinational SPC wood flooring manufacturers have set up production plants in China, leading to the deepening of competition in China's SPC flooring industry. Multinational SPC wood flooring manufacturers choose to build SPC flooring factories in China. On the one hand, SPC flooring industry belongs to labor-intensive industry. China has abundant and cheap labor resources, which can reduce its production cost; On the other hand, due to the large consumption space of China's SPC flooring, the construction of nearby factories is conducive to saving transportation costs and more convenient to develop the market.
From a regional point of view, China's SPC wood flooring manufacturers are mostly distributed in East China, South China and other economically developed areas. At the same time, there are more small and medium-sized OEM enterprises and retail enterprises in these areas.
Due to the large number of SPC wood flooring manufacturers, mainly small and medium-sized enterprises, the market share of a single enterprise is low, and the market share of China's SPC flooring industry is relatively scattered. In 2019, the total market share of top 3 enterprises in China's SPC flooring industry is 21%, and that of top 5 enterprises is 27%.
SPC is a semi-rigid sheet plastic floor, which is usually composed of UV layer, transparent wear-resistant layer, printing color film layer, PVC medium layer and base balance layer. It has the advantages of green environmental protection, wear-resistant, high elasticity, super impact resistance, fire resistance and flame retardant, convenient maintenance, waterproof and moisture-proof, etc. it is one of the traditional PVC elastic floors.
With the advantages of health and environmental protection, beautiful decoration and personalized demand, SPC flooring has gradually become popular. New consumption habits are gradually forming, which has brought great impetus to the development of SPC flooring industry. However, industry analysts of new thinking world pointed out that investors need to examine in detail before making investment.