Publication Month: Jan 2022 | Report Code: TIPRE00003425 | No. of Pages: 138 | Category: Chemicals and Materials | Status: Published
Produced from synthetic fibers, Artificial turf is made to imitate natural grass. Raw materials for producing artificial turf include polyethylene (PE), polypropylene (PP), polyamide (Nylon), rubber compounds, polyester foam, different colors, and other additives. The quality of the raw materials is essential for the performance of turf.
The global artificial turf market is analyzed on the basis of the material, application, and geography. In 2020, Asia Pacific held the largest revenue share of the global artificial turf market. The major factor for the growth of the artificial turf market in the Asia Pacific is the increasing use of artificial turf in the household sector. The various advantages of artificial turf such as less water use and chemicals, low maintenance, no irrigation, and weather resistance, contribute to high demand for artificial turf from sports facilities. In addition, the rising globalization and growth of the construction industry also favors the artificial turf market growth. Moreover, the market players in this region have invested heavily in R&D initiatives, contributing to the development of several innovative products, which is aiding this regional market.
|Market Size Value in||US$ 2,847.28 million in 2021|
|Market Size Value by||US$ 4,067.36 million by 2028|
|Growth rate||CAGR of 5.2% from 2021 to 2028|
|No. of Pages||138|
|No. of Tables||59|
|No. of Charts & Figures||69|
|Historical data available||Yes|
|Segments covered||Material and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The COVID-19 pandemic brought unprecedented challenges for many industries, including the chemicals & materials industry. Due to nationwide lockdown and border restrictions, the supply chains were completely disrupted. This has affected the production and distribution of various products. Many recreation areas and playgrounds have been closed due to the virus, which has caused a spike in home improvements across the world. According to Synthetic Grass Warehouse, artificial turf contractors are experiencing gains in sales up to 30% from 2020. Sports field applications represented 63% of the installed turf in 2020 and are anticipated to remain the largest application area during the forecast period. However, turf in landscape applications is growing at a fast pace. In the near future, e-commerce platforms are expected to gain significant momentum in the sale of various essential and non-essential commodities, especially artificial turfs.
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Artificial turf is suitable for various sports, but it is commonly used for baseball, football, lacrosse, rugby, and soccer. In 2021, Bank of America Stadium decided to switch from natural grass to artificial turf. Tepper Sports & Entertainment announced that they would shift away from grass to FieldTurf ahead of the 2021 Carolina Panthers season. BC Place Stadium will also have a new turf field in Canada by the end of January 2022. Moreover, artificial turf fields have sprung up in cities and villages in countries, such as India. Hence, the growing demand for artificial turf in the sports industry and an increasing number of stadiums using artificial turf are driving the global artificial turf market considerably.
Based on the application, the global artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the global artificial turf market in 2020. Artificial turf is widely used in sport fields. It is mainly used to provide an adequate surface for sports that are played on grass in areas where maintaining natural grass is difficult or it cannot grow. A high demand for artificial turf from the sports industry is mainly due to various factors such as easy maintenance, more playing time, etc.
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Some of the key players in the global artificial turf market are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; and Hellas Construction, Inc. These players mainly focus on several strategies, such as new product launches, expansion, and mergers and acquisitions, for their expansion.