Artificial Turf Market with Top Growth Companies Global Growth, Size, Trends, Industry Analysis, Key Players – FLA News
According to a new report from Allied Market Research entitled “Artificial Grass Market by Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023”, the global artificial grass market was valued at USD 2,530 million in 2016 and forecast the polypropylene artificial grass segment had a share of more than 24% of the global artificial turf market.
Artificial grass is mainly used in sports that require a grass surface with high durability. The advantages of using artificial turf in sports include an even, high-quality lawn area, 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, high acquisition costs for artificial turf are a major obstacle to the growth of the market.
Request a sample report at: https://www.alliedmarketresearch.com/request-sample/4598
Based 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 will account for two-thirds of the world’s artificial turf by 2023 because it is durable and gentle on human skin. In addition, the low price of polyethylene artificial turf is driving the growth of the polyethylene artificial turf market.
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 as there is a growing need for high quality turf that provides players with improved protection, good playing areas and low maintenance of the surface.
For Purchase Inquiries: https://www.alliedmarketresearch.com/purchase-enquiry/4598
Most important findings of the artificial turf market:
- The polyamide artificial grass segment is expected to grow at a significant CAGR of 14.50% in terms of value from 2017 to 2023.
- The contact sports segment is expected to grow by 13% in value.
- The Asia-Pacific artificial turf market is expected to grow with the highest CAGR of 13.90% in terms of value.
- 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.
In 2016, North America and Europe combined accounted for more than 74% of the global artificial turf industry in terms of 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 officials have recommended the use of artificial turf playing surfaces as the likelihood of player injury is minimal. The Asia-Pacific artificial turf market is expected to grow the fastest due to growing demand in sports stadiums and the water crisis in that region, followed by LAMEA.
Report customization at https://www.alliedmarketresearch.com/request-for-customization/4598
The most important companies described 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 and Synlawn Artificial Grass, The Dow Chemical Company (DOW), and TigerTurf.