Plastic Furniture Market: Molded Polypropylene will Remain the Most Sought-after Option for Plastic Furniture

Posted on 2019-06-24 by Mark Hub in Industrial, Internet & Online // 0 Comments

The global market for plastic furniture is expected to witness 5.3% y-o-y over 2018, crossing US$ 24 billion by the end of 2019, unveils a recent Fact.MR study. Increasing demand for low-cost, lightweight, and durable plastic furniture in various end-use sectors is driving end-users to adopt plastic furniture instead of traditional, wooden or metal furniture.

On assessing macro and microeconomic growth parameters of the plastic furniture market, the Fact.MR study offers actionable insights on the dynamic trends that can influence market players’ strategies in the coming years. Ongoing developments in engineered plastics and growing focus on recyclable plastics will remain instrumental in shaping the future of the plastic furniture market, opines the study.c

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In Brief

The plastic furniture market grew at 4.4% CAGR between 2013 and 2017, as the market gained momentum with development of high-performance plastic materials suitable for manufacturing durable plastic furniture.
The market landed US$ 23.3 billion in 2018, and is expected to witness 5.3% y-o-y by the end of 2019. Manufacturers will continue to launch innovative materials and designs of plastic furniture to capitalize on lucrative sales opportunities.
With the rapidly growing demand for low-priced designer furniture across the world, the global market for plastic furniture is expected to grow at an incremental 6% CAGR during the forecast period 2018-2028.
South Asia is currently the leading market for plastic furniture as increasing disposable income of consumers in India and Indonesia is boosting the sales of plastic furniture in the region.

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Chapter Wise Analysis

Chapter 1 – Executive Summary
This chapter provides the outlook of key growth prospects as a results of thorough analysis on the plastic furniture market. The chapter includes comprehensive information about supply side trends, demand side trends, and technology roadmap associated with the plastic furniture market. It also provides quick insights on the summary of global plastic furniture demand and supply across the world.

Chapter 2 – Market Overview
Definition of plastic furniture market is included in this chapter along with a detailed introduction to plastic furniture market with the help of the market structure. This chapter offers an information on prospects the plastic furniture market will grow during 2018-2028 in terms of value (US$ million) and volume (kilo tons).

Chapter 3 – Key Market Trends
This chapter provides thorough information about key trends in the plastic furniture market and how these trends will influence prospects of the market in coming future.

Chapter 4 – Market Background
With the help of the detailed information about furniture production in top 10 countries, top furniture importing and exporting countries, global demand for furniture according to furniture types, along with the information about furniture production and consumption balance, this chapter explains its impact on the global market for plastic furniture. The chapter also provides insights on growth of the furniture industry in China, Brazil, Canada, the United States, India, and Japan to offer unique information about the demand for furniture across the world.

Leading players operating in the plastic furniture market, include Supreme Group, Avon Furniture Factory L.L.C, Cello Wim Plast Ltd., Patio Furniture Industries, Conover, NC, Nilkamal Furniture, and Maitri Plastic Industries. Key plastic resin manufacturers are LyondellBasell Industries, SABIC, Exxon Mobile Corporation, Sumitomo Chemical Co., Ltd., Reliance Industries Limited, INEOS, LG Chem, BASF SE, and DowDuPont.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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