Get low price market report for SPC LVT Luxury Vinyl Tiles growth, size in India, list of key projects, manufacturing companies, buyers, Customers at ZJELL. The Indian luxury vinyl tiles (LVT) flooring market is projected to grow from USD 180 Million in 2021 to USD 315 billion by 2025, recording a CAGR of 12 % growth.
The high growth of the construction industry across regions is projected to drive the market growth. Factors such as the increasing residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are projected to drive the demand for LVT flooring. In terms of value and volume, the flexible segment is projected to dominate the LVT flooring market.
The non-residential segment is projected to record a faster growth in the vinyl flooring market. As applications of LVT flooring in non-residential applications add to the aesthetic value of the interior space, the growth of the non-residential segment is projected to remain high.
Key Questions Addressed by the Report:
- What are the Indian Market trends witnessed in the LVT flooring market? Would the market witness a rise or decline in the demand in the coming years?
- What is the estimated demand for different materials of vinyl flooring market products?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the upcoming industry applications and trends for LVT flooring solutions?
- Who are the major players in the vinyl flooring market in India?
What is SPC flooring?
SPC flooring, which stands for Stone Plastic Composite, is the latest innovative material in the flooring world. It is a premium type of LVT that is 100% waterproof and a much more stable material than traditional LVT.
The core of SPC multi-layered floor planks is created from a stone powder and pvc plastic combination that produces an incredibly durable dent-resistant material that doesn’t expand and contract with environmental changes.
One of the biggest advantages of SPC is that it is commonly installed with a click style system that is significantly faster to install than traditional tiles – making it a DIY homeowner favourite. No glue or nails are required to install, simply cut to size and click in place. Although it lacks some durability compared to traditional tiles, the speed of install drives down the labour cost so significantly that it makes a great flooring option.
What are the various layers that make up SPC flooring?
While it ranges depending on the manufacturer, SPC planks are generally made up of the following layers:
- UV layer – Ensures stain-resistance, waterproof performance and prevents fading.
- Wear layer – Restores the authentic colour and embossing, protecting it from abrasion.
- Decorative layer – This is the printed wood-looking pattern.
- SPC Core – Durable rigid core of plank that doesn’t expand and contract with shifts in temperature or humidity
- Bottom layer – May be cork or foam backing material that gives some cushioning for a more comfortable under-footing.
Benefits of SPC flooring
- 100% Waterproof
- Low installation cost – cheap to do yourself or save significantly on labour and materials for a professional install. Tile usually costs between $5-10/sq ft to get professionally installed where SPC is $1.50-2/sq ft.
- Easy installation – click system is easy to do with minimal tools, wait time and effort
- Looks great – there are endless options of patterns, colours and grains to get the precise look and shade you want.
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