Artificial Turf Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Artificial Turf Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 3,278.1Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.1% and is expected to reach a valuation of US$ 5,390.8Mn by 2032 end.
Millions of gallons of water are saved annually using artificial turf on playgrounds and lawns. Additionally, these goods eliminate the toxic chemicals and fertilisers needed to grow natural grass. Additionally, they are simple to repair and replace, which greatly lowers the maintenance cost for consumers.
A major driver supporting the industry in the US is the expansion of the construction sector. Construction projects for homes, sports arenas, stadiums, and commercial gardens all have a high need for artificial turf. Artificial turf sales have increased nationwide because of early acceptance and product advancements.
ChemView Consulting has analyzed that the global expansion of hotels, eateries, and airports is anticipated to fuel market growth. Artificial turf is utilized more frequently in these infrastructures for various purposes, including rooftops, swimming pools, and balcony decoration. Thus, the market for artificial turfs is projected to experience continuous growth due to the hospitality sector’s ongoing expansion.
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In terms of volume and revenue, artificial turf made from polyethylene materials held the biggest market share. This dominance is expected to last for the duration of the forecasted period. The products’ superior qualities, such as their robustness, softness, and durability, make them more and more popular in end-user applications.
Segments Covered in Report
By Application:
- Residential
- Commercial
- Sports
By Material:
- Polyethylene
- Polypropylene
- Nylon
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Artificial Turf Market
- Based on the application, the commercial segment is anticipated to experience the fastest CAGR of 6.0% over the forecast period. In addition to other public utility spaces, hotels, amusement parks, and gardens frequently use artificial turf for commercial applications. Globally expanding commercial construction is probably going to support market expansion. The growth of the synthetic turf industry is predicted to be accelerated by urban development in important geographic areas and an increase in commercial playgrounds.
- Based on the material, in terms of volume and revenue, artificial turf made from polyethylene materials held the biggest market share. This dominance is expected to last for the duration of the forecasted period. The products’ superior qualities, such as their robustness, softness, and durability, make them more and more popular in end-user applications.
- Based on the region, regarding revenue, North America held a significant market share of 31.2% and is expected to expand significantly over the forecasted period. The region’s artificial turf market is anticipated to continue growing due to factors including the abundance of sports fields, the transition from natural grass to synthetic grass, and the rising popularity of outdoor activities.
Competition Summary
Key companies covered in the market study are Dow DuPont, Tarkett, Shaw Industries, Victoria PLC, Controlled Products, ACT Global, Sports Group, Tigerturf, SIS Pitches, Matrix Turf
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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