According to a new report published by Allied Market Research, titled, "Artificial Turf Market by Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global artificial turf market was valued at $2,530 million in 2016, and is projected to reach $5,842 million by 2023, growing at a CAGR of 12.7% from 2017 to 2023. The polypropylene artificial turf segment accounted for more than 24% share of the global artificial turf market in 2016.
Artificial turf are largely used in sports requiring
grass surface with high durability. Some of the advantages of using artificial
turfs in sports include uniform high quality grass surface, low maintenance,
weather resistance, and less chances of injuries due to the soft bristles. Furthermore,
it is used in landscaping and other applications. Artificial grass fibers are
made from polymers such as polyethylene, polypropylene, and polyamide. Each of
these polymers comes with its own characteristics and qualities, which decides
its applicability. However, high initial cost of artificial turfs is a major
restrain for the growth of the market.
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Based on material, the market is segmented into
polyethylene, polypropylene, and polyamides. The polyethylene artificial turf
segment is projected to be the most lucrative segment from 2017 to 2023, and
accounts for two-thirds share of the global artificial turf by 2023 due to its
long shelf life and gentle nature on the human skin. Furthermore, the low price
of polyethylene artificial turf fuels the market growth for polyethylene
artificial turf.
Based on application, the market is segmented into
contact sport, leisure & landscaping, and others. The contact sport segment
is estimated to grow at the highest CAGR during the forecast period, owing to
the growing need for high quality grass surface that offers enhanced protection
to players, good playing surfaces, and low maintenance pf the surface.
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Key Findings of the Artificial Turf Market:
- The polyamides artificial turf
segment is expected to grow at a significant CAGR of 14.50%, in terms of
value, from 2017 to 2023.
- The contact sport segment is
projected to grow at a CAGR of 13%, in terms of value.
- The artificial turf market in Asia-Pacific is expected to grow at the
highest CAGR of 13.90%, in terms of value.
- The Europe artificial
turf accounted for more than 46% of the global market in 2016.
- U.S. accounted for more than 77%
of the North American market in 2016.
In 2016, North America and Europe collectively accounted for more than 74%
of the global artificial turf industry, in terms of value. This was attributed
to the growing popularity of using artificial turf in sport arenas and
landscaping. Furthermore, European sports associates have recommended the use
of artificial turf playing surfaces due to minimal chances of injuries to
players. The artificial turf market in Asia-Pacific is
projected to grow at the highest rate, followed by LAMEA, owing to the growing
demand in sports stadiums and water crisis in this region.
The major companies profiled in this report are
Victoria PLC (Avalon Grass), Sportfield
Deutschland Holding GmbH (AstroTurf), CoCreation Grass Corporation, FieldTurf,
Global Syn-Turf, Inc., Controlled Products, LLC (GrassTex), ForestGrass,
Synlawn Artificial Grass, The Dow Chemical Company (DOW), and TigerTurf.
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