Artificial Turf Market Forecast is Expected to Expand at an Impressive Rate by 2028

The scope of our recent study, titled “Artificial Turf Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport),” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The artificial turf market was valued at US$ 2,847.28 million in 2021 and is projected to reach US$ 4,067.36 million by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Artificial turf is manufactured from synthetic fibers and made to imitate natural grass. Raw materials for producing artificial turf include polyethylene (PE), polypropylene (PP), polyamide (Nylon), rubber compounds, polyester foam, different colors, other additives, etc. An artificial turf is a suitable option for covered stadiums due to the difficulty of getting grass enough sunlight. It is also used in outdoor sports arenas as it allows games to be played in any type of weather.

Get Sample Copy of Report PDF:

Further, the growth of the construction sector is fueling the demand for artificial turf in various applications. There is a high demand for artificial turf from the residential and commercial application sectors. Due to the various advantages of artificial turf, it has become a valid substitute for lawns in many places. Artificial turfs are used in backyards, edgings, pavers, medians, and poolside areas. In addition, artificial turf surfaces are used to create commercial and residential playgrounds, focusing on children’s safety. They are also being produced containing anti-bacterial properties. Moreover, the product is not exposed to hazardous pesticides and fertilizers, unlike natural grass that makes the product children and pet friendly. Furthermore, artificial turf is increasingly used for airport ground cover. In 2017, London City Airport installed a special type of artificial turf from the Danish company. London City Airport is the first European airport with artificial turf produced by the Danish company Evergreen Aviation. Further, various developing and developed countries are experiencing rapid urbanization, leading to the rapid growth of the construction sector across the globe, thereby fueling demand for low-maintenance products such as artificial turf. Thus, the growth of the construction sector globally is driving the artificial turf market.

Based on the material, the global artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment held the largest market share in 2020. Polyethylene is the most popular type of plastic used globally. It is highly resistant to water absorption, does not hold pet odors, and has a good combination of toughness and ductile strength. It is suitable for a variety of applications. Polyethylene grass is ideal for front and backyard applications, sports, and pets due to a combination of softness, realism, and the lack of moisture absorption.

The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; Hellas Construction, Inc.; are among the major market players operating in the artificial turf market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements. Over the past few years, the companies operating in the market have realized the immense potential pertaining to the artificial turf market and were highly involved in strategies such as mergers & acquisition and product launch. For instance, in 2020, FieldTurf, a Tarkett Sports company, announced the acquisition of the assets of Grass Manufacturers Pty Limited (Grassman), an Australian artificial turf manufacturer. The acquisition of

Grassman expanded FieldTurf’s presence in the Australian market, particularly in tennis, hockey, landscape, and utility segments, therefore complementing applications for soccer and rugby.

Browse More Information:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [email protected]

Phone: +1-646-491-9876