“The global artificial turf market is anticipated to surpass USD 5 billion by 2030 while growing at a lucrative CAGR of 5.7% during the forecast period from 2020 to 2030”, says Visiongain

09 January 2020
Chemicals

Visiongain’s new report Artificial Turf Market Report 2020-2030: Forecasts by Material (Nylon, Polypropylene, Polyethylene), Application (Commercial, Residential, Sports), and by region and analysis of leading companies operating in this industry.

The global artificial turf market is anticipated to surpass USD xyz billion by 2030 while growing at a lucrative CAGR of xyz% during the forecast period from 2020 to 2030.

Artificial turfs, from Olympic stadiums and professional league arenas to grade school sports fields, are replacing natural turfs all over the world. Artificial turf resembles natural grass surfaces and offers a variety of benefits including all-time usefulness, flexibility & planning, and low maintenance. Since artificial turf is recyclable, it needs less water and eliminates the use of pesticides and fertilizers, and has a low environmental impact. These factors result in increased application of artificial turfs across businesses, homes, golf courses, public spaces, and municipalities.

Also, artificial turfs provide a lush view while requiring minimal resources & maintenance thus saving millions of gallons of water annually. The market for artificial turfs from developed and emerging economies is anticipated to witness lucrative growth due to growing disposable income. This aspect will impact the use of artificial turf for landscaping purposes positively. Therefore, for the artificial turf industry to thrive in the coming years, there are healthy growth prospects.

Artificial turf is made from polyethylene materials which represented the largest market share in terms of both volume and revenue in the year 2018 and similar dominance is anticipated over the projected period. The factors contributing to their increased popularity are superior product characteristics such as durability, softness, and resilience.

In the year 2018, the sports segment dominated the global artificial turf market and is anticipated to grow at a lucrative CAGR of xyz% over the forecast period. Increasing interest by young people around the globe in outdoor sports has provided room for building new stadiums and sports fields which is further fueling the growth of the artificial turf industry.

The construction of sports grounds and stadiums for famous outdoor sports in the area, including rugby and tennis, has supported the growth of the industry. However, several football players have suffered from anterior cruciate ligament injuries on turf fields over the past few years, which is anticipated to challenge market growth.

In the year 2018, Europe dominated the global artificial turf market owing to the presence of several large sports fields, the transition from natural grass to synthetic grass, & the growing popularity of outdoor sports among the young generation.

Factors such as the presence of a large number of sports stadiums and numerous leading manufacturers of artificial turf based in the area support the development of the European market. Some of Europe's leading manufacturers of artificial turf include SportGroup, Tarkett, Victoria PLC, and SIS Pitches. However, the Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period. Rapid urbanization, high infrastructure investment and an increasing number of commercial playground surfaces in the region were expected to drive the region's artificial turf market.

Some of the key artificial turf market players include Act Global, Artificial Grass.com, Avalon Grass, CC Grass, CoCreation Grass Corporation, CONDOR Group, Controlled Products, LLC (GrassTex), FieldTurf, ForestGrass, ForeverLawn, Global Syn-Turf, Inc., Shaw Industries Group, Inc., Sport Court Carolina, Sportfield Deutschland Holding GmbH (AstroTurf), Synlawn Artificial Grass, Synthetic Turf International, Tarkett S.A., The DOW Chemical Company, TigerTurf, Victoria PLC (Avalon Grass) among other prominent players.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Nitrogenous Fertilizers Market Report to 2031

Urea is used most frequently in agriculture on the basis of nitrogen fertiliser, and in the past decade has been responsible for almost 90 percent of the growth of the market in nitrogen fertilisers. Urea is preferred as an ammonium nitrate substitute and is widely used as an economical and easy-to-use solution.

26 February 2021

Read

Visiongain Publishes Nitric Acid Market Report to 2031

Due to the presence of a large number of multinational chemical producers in the USA, the market for North America is expected to see significant growth during the forecast period. The market for nitric acid will continue to reflect high growth as industries like manufacturing, automotive, agricultural and furniture are growing rapidly.

26 February 2021

Read

Visiongain Publishes Nematicides Market Report to 2031

Demand for nematicides is high in certain countries. Although the US market for nematicides accounts for a small fraction of the total use of pesticides, nematicides account for over 60 percent of total agricultural pesticides in the Netherlands.

26 February 2021

Read

Neem Extracts Market Report to 2031

The increased demand for organic pesticides and fertilisers was the result of increasing concern about environmental degradation. Neem-based agricultural products are thus increasingly being used to preserve soil quality and prevent harmful effects of synthetic pesticides.

26 February 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever