Global Resin Furniture Market Size By Type (Polypropylene, ABS Polymer, PVC), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Style (Modern, Traditional, Niche), By Price Range (Low, Mid, High) By Geographic Scope And Forecast
Report ID: 343833|No. of Pages: 202
Global Resin Furniture Market Size By Type (Polypropylene, ABS Polymer, PVC), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Style (Modern, Traditional, Niche), By Price Range (Low, Mid, High) By Geographic Scope And Forecast
Resin Furniture Market Size And Forecast
Resin Furniture Market size is valued at USD 19.03 Billion in the year 2021 and it is expected to reach USD 29.15 Billion in 2030 at a CAGR of 4.85% over the forecast period of 2023 to 2030.
Rising disposable incomes, the growing popularity of the hospitality and housing sectors, advances in the commercial construction industry, and worldwide demand for premium and luxury furniture, such as resin, are all driving growth. The Global Resin Furniture Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the Market.
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Global Resin Furniture Market Definition
Resin, in its most basic form, is a liquid that can be solidified. It is, in essence, a synthetic material. The resin is hardened and colored before being applied/poured over the object. The resin is sanded off and finished as desired after it hardens. Resin Furniture on the Market has vibrant colors, eye-catching designs, and unique shapes.
This has been made possible by technological advancements in furniture manufacturing. Manufacturing techniques such as injection molding have expanded the range of possibilities for this material. There appears to be no design so unique and out of this world that furniture makers can achieve. This is why Resin Furniture has been trending on social media because it is trendy and a great way to show off one’s style. Epoxy resin is used to make furniture such as tables and chairs.
Furniture designers and manufacturers have developed new ways to use resin and other sustainable materials in recent years. While demand for eco-friendly furniture is increasing, it is undeniable that Resin Furniture is capturing the attention of consumers for more than one reason. This material is well-known for its distinguishing characteristics, which have resulted in many one-of-a-kind and outstanding furniture pieces. Resin Furniture is clearly more than a passing fad; it is here to stay. As an alternative to wooden furniture, Resin Furniture was considered. They were primarily designed for outdoor use. The reason for this is that the appearance of Resin Furniture is strikingly similar to that of wood.
However, resin has the advantage of being less difficult to care for and maintain than wood. Whereas wooden furniture must be treated and repainted every few years, Resin Furniture does not require this. This is the primary reason they are popular as outdoor furniture. Natural resin is a natural substance secreted by various plant species. It can be either solid or semisolid. It is also a popular product that is used in the production of a variety of items. However, when it comes to Resin Furniture, the main material used is synthetic. There is no discernible difference between the synthetic and natural versions, and they share many properties.
One of the primary ingredients used in the production of plastic is the synthetic version. As a result, Resin Furniture is an eco-friendly option for consumers who want to help reduce deforestation. By using resin instead of wood to make plastic chairs, the amount of trees that must be cut down to make furniture is significantly reduced. It is also a viable option for not only reducing environmental waste but also for producing high-quality and long-lasting furniture.
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Global Resin Furniture Market Overview
One of the many advantages of Resin Furniture is its simple manufacturing process, which keeps the furniture’s price low. A homeowner can often buy several pieces of Resin Furniture for the same price as one or two pieces of wood or metal furniture, and the resin is likely to last for a very long time with no maintenance required. The chairs and tables can be quickly and easily hosed down to clean them. Cleaning the furniture with a wet rag is also an option. Because the resin is moldable, various furniture styles can have different shapes, textures, and designs.
Resin Furniture is frequently molded into a wicker pattern that resembles true wicker, but the resin is less prone to damage and the individual strands of wicker can separate while resin does not. For comfort and aesthetics, the resin is textured like wicker, and the tint of the resin can even be adjusted to mimic the look of true wicker. Resin Furniture, like wicker furniture, can be enhanced with cushions to improve comfort and aesthetics. These cushions are frequently made of synthetic materials that are resistant to water damage and likely to dry quickly. If no cushions are used, the resin chairs can be designed with scooped seats and back for comfort.
Resin wood tables, on the other hand, are not the real thing. Despite manufacturers’ efforts to replicate the appearance of natural wood, the fact remains that resin is not the same as wood. Wooden tables are a high-end item. From hand-selected trees to craftsmanship, the lengthy process of cutting, sanding, and applying a protective coating of wax, oils, and even stain necessitates a significant amount of time and effort. One interesting feature of wooden tables that distinguishes them from resin tables is their tell-tale creak, which often serves as a warning sign that repair is required. These are some of the factors that may impede the growth of the Resin Furniture Market.
Market Attractiveness
The image of Market attractiveness provided would further help to get information about the region that is majorly leading in the Global Resin Furniture Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Resin Furniture Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Resin Furniture Market Segmentation Analysis
The Global Resin Furniture Market is Segmented on the Basis of Type, Application, Distribution Channel, By Style, By Price Range, And Geography.
Resin Furniture Market, By Type
- Polypropylene
- ABS Polymer
- PVC
- Polycarbonate
- Polystyrene
- Others
Based on the Type, the Market is segmented into Polypropylene, ABS Polymer, PVC, Polycarbonate, Polystyrene, and Others. Polypropylene is a thermoplastic polymer, which means it deforms or grows flexible at high temperatures and hardens when sufficiently cooled. A thermoplastic polymer resin is polypropylene (Resin). It is found in many household products and has numerous commercial and industrial applications.
Resin Furniture Market, By Application
- Residential
- Commercial
- Industrial
- Institutional
Based on the Application, the Market is segmented into Residential, Commercial, Industrial, and Institutional. Residential Resin Furniture is expected to dominate the Market. Resin is a high-quality plastic material that is used for everything from seat, back, and armrest elements to tabletops and free-standing furniture pieces. Because it is extremely weatherproof, it is ideal for outdoor furniture. They can be used in offices as desks, dining tables, and study tables, and they also make excellent coffee tables.
Resin Furniture Market, By Distribution Channel
- Online
- Offline
Based on the Distribution Channel, the Market is segmented into Online, and Offline. During the forecast period, the online segment is expected to have the largest Market share. Given the complexity of the task, the majority of furniture sales are done through traditional brick-and-mortar stores. However, to meet the needs of online shoppers who prefer to buy goods with a click, companies are also using the online channel to get their Resin Furniture to customers. Furniture retailers are also attempting to broaden their Market horizons through e-commerce by making online shopping convenient through apps and websites.
Resin Furniture Market, By Style
- Modern
- Traditional
- Niche
Based on the Style, the Market is segmented into Modern, Traditional, and Niche. Resin Furniture is lightweight and comes in a variety of styles, including modern, traditional, beachy, and rustic. Modern Resin Furniture designs are distinguished by an emphasis on basic forms, neutral colors, and multifunctional and minimalist designs. Furthermore, form follows function, is visually lighter, incorporates contemporary materials, and exposes portions of the materials.
Resin Furniture Market, By Price Range
- Low
- Mid
- High
Based on the Price Range, the Market is segmented into Low, Mid, and High. Resin Furniture is a low-cost option. It has a very simple manufacturing facilities method and is relatively easy to install as a plastic derivative. The cost-effectiveness of resin floors makes them ideal for large spaces such as warehouses. Wooden tables are costly, and the price can be ten times or more than that of a resin table, based on the type of wood and size.
Resin Furniture Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on the Regional Analysis, the Global Resin Furniture Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Due to the country’s rapid pace of innovation, technological advancement, and R&D activities in the manufacturing and interior design industries, there is a significant demand for newer Resin Furniture products. The number of manufacturing plants and development centers in the United States has increased significantly, owing primarily to the emphasis on developing high-end products.
Key Players
The “Global Resin Furniture Market” study report will provide valuable insight with an emphasis on the Global Market including some of the major players of the industry are Keter Group, Polywood, Grosfillex, Compamia, Trex Company, Seaside Casual, Nardi Spa, Allibert Outdoor, Hartman Group, Tropitone Furniture, Plastecowood, Winawood, Jensen Leisure Furniture, Lafuma Mobilier, Vondom among others.
Our Market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes Market share analysis, key development strategies, recent developments, and Market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Keter Group, Polywood, Grosfillex, Compamia, Trex Company, Seaside Casual, Nardi Spa, Allibert Outdoor, Hartman Group, Tropitone Furniture, Plastecowood, Winawood, Jensen Leisure Furniture, Lafuma Mobilier, Vondom |
| SEGMENTS COVERED | By Type, By Application, By Distribution Channel, By Style, By Price Range, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Econometrics and data visualization model
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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
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The aims of doing primary research are:
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Industry Analysis Matrix
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