Artificial turf Market Size Incredible Possibilities And Growth Analysis

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.

The artificial turf market is a highly competitive one due to the presence of regional and global players. It is expected to continue to be a lucrative market in the coming years due to the growing demand for artificial turfs in various sports, residential, and commercial applications. It is manufactured from synthetic fibers. The quality of artificial turf mainly depends on the use of high-quality raw materials and apt equipment and the application of production expertise. The quality of the raw materials plays a vital role in the optimum performance of turf.

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The artificial turf market is classified based on the application into the residential, commercial, and sports segments. In 2020, the sports segment held the largest share of the global artificial turf market. It is also commonly used in sports stadiums and arenas. Artificial turf help in increasing playing and practice time, as athletes can train daily without concern about the weather on these fields, and it is also designed by keeping the safety of athletes in mind. There is a high demand for artificial turf from the sports industry.

Asia Pacific led the global artificial turf market in 2020. An increase in the consumer demand for having an aesthetic look to their garden and rising renovation and decoration trends are bolstering the demand for artificial turfs in this region. Additionally, the rise in residential and commercial infrastructural facilities across the region is substantially 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.

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Some of the leading market players are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; and Hellas Construction, Inc. These players operating in the artificial turf market focus on various strategies.

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