South America Artificial Turf Market is expected to reach US$ 155.82 million by 2028


PRESS RELEASE BY The Insight Partners 10 Mar 2022

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port Segment to Dominate SAM Artificial Turf Market during 2020–2028      

According to The Insight Partners market research study on “SAM Artificial Turf Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material and Application” is expected to reach US$ 155.82 million by 2028 from 114.91 US$ million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the SAM artificial turf market along with the drivers and restraints pertaining to the market growth. Growing demand for artificial turf from sports industry owing to increase in number of sports stadiums is the major factor driving the growth of the SAM artificial turf market. However, issues associated with huge volumes of plastics being used hinders the growth of SAM artificial turf market.

SAM artificial turf market is segmented into material, application, and country. Based on material, the SAM artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment led the SAM artificial turf market in 2020. Based on the application, the SAM artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the SAM artificial turf market in 2020. Based on country, the SAM artificial turf market is segmented into Brazil, Argentina and Rest of SAM. Brazil held the largest market share in 2020.

Brazil reported the highest number of COVID-19 confirmed cases, followed by Argentina, Peru, Chile, and Ecuador. The governments in SAM countries have taken an array of actions to protect their citizens and contain the spread of novel coronavirus. South & Central America was facing lower export revenues both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. These factors affected the growth of the artificial turf market in SAM. However, as the economies are recovering from losses, the artificial turf market is also projected to witness positive growth across the region in the next few years.           

CCGrass; HATKO; Tarkett; TenCate Grass; and The Dow Chemical Company are among the leading companies in the SAM artificial turf market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Act Global announced launch of custom turnkey solutions to aid private schools and institutions plan, design, and install a synthetic turf sports field that fits their budget and meets their athletic as well as community needs.

  SAM Artificial Turf Market
  SAM Artificial Turf Market


South America Artificial Turf Market to Grow at a CAGR of 4.4% to reach US$ 155.82 million from 2021 to 2028

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South America Artificial Turf Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport)


 

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