South Korea Resin Furniture Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea resin furniture market has seen a notable rise in demand over the last few years, driven by industrial needs and growing consumer interest in durable, eco-friendly materials. Resin furniture, primarily crafted from synthetic resins, offers excellent resistance to moisture, UV rays, and general wear and tear, making it an ideal choice for both indoor and outdoor settings. The ability to mold and shape resin into various designs, coupled with its lightweight yet durable nature, has attracted industries ranging from home décor to commercial sectors.
Industries have increasingly adopted resin furniture for its versatile applications. The hospitality industry, for instance, relies on resin for creating stylish, weather-resistant furniture that can withstand frequent use. Restaurants, cafes, and hotels in South Korea have found resin furniture to be a cost-effective yet long-lasting investment. Additionally, the outdoor furniture sector is booming, as resin is particularly favored for garden furniture, patios, and balconies due to its low maintenance requirements and aesthetic appeal.
From a design perspective, resin offers endless possibilities. With the ability to mimic other materials like wood and stone, while maintaining a lighter weight, resin furniture meets both aesthetic and functional needs. The growing interest in sustainable products has also pushed the market forward, with many manufacturers emphasizing eco-friendly production processes, adding another layer of appeal to environmentally conscious consumers.
Furthermore, South Korea's industrial demand for resin furniture isn't just limited to the B2C market. The construction and real estate sectors are incorporating resin furniture in large-scale commercial and residential projects, where its durability and cost-efficiency are highly valued. The demand for functional, easy-to-maintain, and long-lasting furniture continues to rise as urbanization grows and outdoor spaces become more popular.
As the South Korean market evolves, the resilience and innovation surrounding resin furniture are expected to drive further growth, making it a pivotal part of both the residential and commercial sectors.
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IKEA
Mainstay
McCourt
MityLite
Drake
Lifetime
Siddhi Polymers
Qingdao Blossom Furnishings
Comseat
Gopak
IKEA
Atlas Commercial Products
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Resin Furniture Market
Chairs
Tables
Sofas & Couches
Benches
Storage Furniture
Residential
Commercial
Institutional
Polymer Resin
Natural Resin
Recycled Resin
Indoor Furniture
Outdoor Furniture
Decorative Furniture
Online
Offline
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Resin Furniture Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Resin Furniture Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Resin Furniture Market, By Type
6. South Korea Resin Furniture Market, By Application
7. South Korea Resin Furniture Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Resin Furniture Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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