Artificial Turf Market COVID-19 Impact, Analysis, Status and Leading Global Companies 2021-2023
Artificial grass market
In addition, it is used in landscaping and other applications. Artificial turf fibers are made from polymers such as polyethylene, polypropylene, polyamide.
PORTLAND, OREGON, UNITED STATES, Sep 2, 2021 /EINPresswire.com/ – The global artificial turf market was estimated at $ 2,530 million in 2016 and is projected to reach $ 5,842 million by 2023, an annual growth rate of $ 12 , 7% compared to 2017 to 2023. The polypropylene artificial turf segment had a share of more than 24% in the global artificial turf market in 2016.
Artificial turf is mainly used in sports that require a grass surface with high durability. The advantages of using artificial turf in sports include a uniform, high-quality grass surface, low maintenance, weather resistance and a lower risk of injury due to the soft bristles. In addition, 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 has its own properties and qualities that determine its applicability. However, the high acquisition costs of artificial turf inhibit the growth of the market.
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Depending on the material, the market is divided into polyethylene, polypropylene and polyamides. The polyethylene artificial turf segment is expected to be the most lucrative segment from 2017 to 2023 and account for two thirds of the world’s artificial turf due to its long durability and kindness to human skin. In addition, the low price of synthetic polyethylene turf is fueling the synthetic polyethylene turf market growth.
Depending on the application, the market is divided into contact sports, leisure & landscaping and others. It is estimated that the contact sports segment will grow with the highest CAGR during the forecast period due to the growing need for high quality grass surface that offers players improved protection, good playing surfaces and low maintenance.
The main results of the artificial turf market:
The segment artificial turf made of polyamides will grow in value from 2017 to 2023 with a significant CAGR of 14.50%.
The contact sports segment is expected to grow in value with a CAGR of 13%.
The artificial turf market in the Asia-Pacific region will grow in value with the highest CAGR of 13.90%.
European artificial turf accounted for more than 46% of the world market in 2016.
The US accounted for more than 77% of the North American market in 2016.
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In 2016, North America and Europe combined accounted for more than 74% of the global artificial turf industry by value. This has been attributed to the growing popularity of the use of artificial turf in sports arenas and in landscaping. In addition, European sports partners have recommended the use of artificial turf playing surfaces as the risk of injury to the players is minimal. The Asia-Pacific artificial turf market is expected to grow the fastest due to the growing demand for sports stadiums and the water crisis in this region, followed by LAMEA.
The most important companies featured 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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September 02, 2021 at 16:58 GMT
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