The artificial turf market in SAM is expected to grow from US$ 114.91 million in 2021 to US$ 155.82 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
Artificial turf is suitable for different types of sports, but it is commonly used for sports such as baseball, football, lacrosse, rugby, and soccer. Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased developments and production of artificial turf. Moreover, artificial turf installation is becoming a common choice for stadiums due to advances in turf technology. Hence, the growing demand for artificial turf from the sports industry and an increasing number of stadiums using artificial turf are among the factors driving the artificial turf market.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM artificial turf market. The SAM artificial turf market is expected to grow at a good CAGR during the forecast period.
SAM Artificial TurfMarket Revenue and Forecast to 2028 (US$ Million)
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SAM Artificial Turf Market Segmentation
SAM Artificial Turf Market – By Material
- Polyethylene
- Polypropylene
- Polyamide
- Others
SAM Artificial Turf Market – By Application
- Residential
- Commercial
- Sport
SAM Artificial turf Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Artificial Turf Market - Companies Mentioned
- CCGrass
- HATKO
- Tarkett
- TenCate Grass
- The Dow Chemical Company
South America Artificial Turf Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 114.91 Million |
| Market Size by 2028 | US$ 155.82 Million |
| CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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