The India Stone Plastic Composite (SPC) Flooring Market was valued at US$ 245 Million in 2024 and is projected to reach US$ 431.7 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period (2024-2030). This robust growth stems from rapid urbanization, increasing demand for waterproof flooring, and construction booms across India’s residential and commercial sectors.

As consumers prioritize durable, low-maintenance flooring, SPC has emerged as the preferred choice with its stone-plastic composite structure offering superior moisture resistance and aesthetic versatility. This report profiles the Top 10 Companies dominating India’s SPC Flooring Market, analyzing their innovations, market positioning, and growth strategies.

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🔟 1. Welspun Group

Headquarters: Mumbai, Maharashtra
Key Offering: Welspun Floors SPC Premium Range

A diversified conglomerate that became India’s earliest SPC flooring adopter through its Welspun Floors division. The company offers 100% waterproof solutions with I4F locking systems and photographic wood/stone finishes.

Market Position:

• Pioneered SPC flooring in India with first commercial production in 2018
• Manufacturing capacity of 18 million sqm annually
• Strategic partnerships with European technology providers

Download FREE Sample Report: India Stone Plastic Composite (SPC) Flooring Market – View in Detailed Research Report

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9️⃣ 2. Responsive Industries Ltd

Headquarters: Mumbai, Maharashtra
Key Offering: Marvel Floors SPC Series

India’s largest vinyl flooring manufacturer with over 50 years of experience. Their Marvel Floors division produces high-density SPC flooring with specialized antimicrobial properties.

Market Position:

• Operates Asia’s largest vinyl flooring plant (50 million sqm capacity)
• Supplies to 500+ hospitals and educational institutions
• Vertically integrated from raw materials to finished products

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8️⃣ 3. Ego Flooring

Headquarters: Ahmedabad, Gujarat
Key Offering: EGO SmartClick SPC

Specializes in innovative locking systems and enhanced acoustic properties for India’s price-sensitive residential market. Their products feature 12-layer UV protection and patented installation technology.

Market Position:

• 80% market share in Gujarat’s residential SPC segment
• First to introduce 5G lock system in India
• Focus on DIY-friendly installation solutions

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7️⃣ 4. Wonderfloor

Headquarters: Pune, Maharashtra
Key Offering: Wonderfloor Luxury SPC Collection

Premium brand known for authentic wood/stone reproductions using German embossing technologies. Their 6mm-8mm thickness options cater to high-end residential and hospitality projects.

Market Position:

• Supplier to 200+ luxury hotels including Taj and Marriott
• Market leader in Maharashtra’s premium segment
• Offer 25-year residential warranties

Download FREE Sample Report: India Stone Plastic Composite (SPC) Flooring Market – View in Detailed Research Report

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6️⃣ 5. Marvel Vinyls

Headquarters: Hyderabad, Telangana
Key Offering: Marvel StoneCore Budget SPC

Focused on affordable SPC solutions (3mm-4.5mm) for India’s mass market through an extensive distribution network covering tier 2-3 cities.

Market Position:

• Price leader at ₹45-65/sq.ft for basic ranges
• Supplies 500+ government housing projects annually
• 48-hour delivery across South India

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5️⃣ 6. Eurotex Wood

Headquarters: Bengaluru, Karnataka
Key Offering: EcoWood Recycled SPC

Specializes in sustainable SPC using 30-40% recycled PVC content while maintaining competitive pricing. Certified by IGBC for green building projects.

Market Position:

• Preferred supplier for LEED-certified projects
• Pioneer in recycled-content SPC flooring
• Strong exports to Middle Eastern markets

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4️⃣ 7. Finmark Flooring

Headquarters: Delhi NCR
Key Offering: Finmark Commercial SPC

Focuses on high-traffic commercial applications with specialized products for airports (slip-resistant), hospitals (antimicrobial) and educational institutions.

Market Position:

• Market leader in institutional segment (35% share)
• Supplies to Delhi and Mumbai International Airports
• Custom R&D for specialized applications

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3️⃣ 8. Green Floormax

Headquarters: Chennai, Tamil Nadu
Key Offering: Floormax ThermoCool SPC

Develops climate-specific SPC solutions including “cool flooring” technology that reduces surface temperature by 5-7°C for India’s tropical regions.

Market Position:

• 70% market share in South India
• Pioneer in thermal-regulating flooring
• Uses bio-based plasticizers

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2️⃣ 9. Notion Luxury Flooring Concepts

Headquarters: Mumbai, Maharashtra
Key Offering: Notion Arte SPC

Premium brand importing European designs and customized digital printing technology to create exclusive patterns not available elsewhere in India.

Market Position:

• Luxury positioning (₹300-600/sq.ft)
• Market leader in high-thickness segments (up to 12mm)
• Custom design services for architects

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1️⃣ 10. Xylos Arteriors India Pvt. Ltd

Headquarters: Jaipur, Rajasthan
Key Offering: Xylos Heritage SPC

Unique offerings combine traditional Indian aesthetics (Jaisalmer stone, teak wood patterns) with modern SPC technology through proprietary digital printing.

Market Position:

• Specialist in heritage designs
• Growing exports to Middle East (20% of revenue)
• Vertically integrated printing facility

Get Full Report Here: India Stone Plastic Composite (SPC) Flooring Market – View in Detailed Research Report

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🏭 Outlook: The Future of SPC Flooring in India

The Indian SPC flooring market is transforming with technological advancements and shifting consumer preferences. While ceramic tiles and laminates dominate, SPC is gaining 3-5% market share annually due to superior performance and increasing price competitiveness.

📈 Key Market Trends:

• 10-15% annual growth in waterproof flooring demand
• Development of antimicrobial and cooling SPC variants
• Expansion into semi-urban markets through affordable ranges
• Increasing use of recycled materials (up to 40% content)

Get Full Report Here: India Stone Plastic Composite (SPC) Flooring Market – View in Detailed Research Report

The profiled companies represent the vanguard of India’s SPC revolution, driving innovation through technology adoption, sustainability initiatives, and strategic market expansion.