Artificial Turf Market

Artificial Turf Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Artificial Turf Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 3,278.1Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.1% and is expected to reach a valuation of US$ 5,390.8Mn by 2032 end.

The market is expected to do well because of the demand for attractive artificial lawns in gated communities and societies. Homeowners in urban areas are more likely to spend money on parks and grounds. Furthermore, these amenities are frequently considered crucial for any property’s aesthetic value. Artificial turfs are becoming increasingly popular in residential settings as they eliminate the touch with toxic chemicals and fertilizers needed for natural grass.

Developing eco-efficient solutions is a constant focus for industry players as artificial turf, and other flooring materials continue to advance. This includes using biodegradable materials like polylactic acid (PLA) fiber type and cost-effective manufacturing procedures.

Market Dynamic

EXPANSION OF HOTELS AND AIRPORTS AFFECTS ARTIFICIAL TURFS SALES

Global expansion of hotels, eateries, and airports is anticipated to fuel market growth. Artificial turf is utilized more frequently in these infrastructures for various purposes, including rooftops, swimming pools, and balcony decoration. Thus, the market for artificial turfs is projected to experience continuous growth due to the hospitality sector’s ongoing expansion.

The market is anticipated to be driven by the rising popularity of sporting events for games like football, cricket, hockey, golf, and others, as well as future international sporting events. As a result, the market will benefit from an increase in international athletic events, including games of cricket and football, among others. Because they are more resilient and do not lose their sheen even after repeated use, artificial turfs are increasingly being employed to prepare the fields that host various sports.

STRINGENT REGULATIONS ACROSS VARIOUS COUNTRIES REGARDING THE USAGE OF INFILL MATERIAL USED IN ARTIFICIAL TURF ARE HAMPERING THE GROWTH OF THE MARKET

Strict rules are hampering the market’s expansion in several nations, restricting the infill material used in artificial turf. For instance, with a six-year transition time, the European Chemical Agency (ECHA) has suggested that the European Union (EU) outlaw the synthetic granules used as infill in artificial turf. According to projections, this will impede market expansion in several European nations.

Artificial turf does not catch fire, but its high surface temperature melts quickly if exposed to direct sunlight or if something hot, like charcoal, falls on it. Other than this, elements like the unstable pricing of the raw materials used to make artificial turf and the high product price are likely to hamper the market growth.

GROWING DEMAND FOR ARTIFICIAL TURF IN PUBLIC SPACES FOR WATER-SAVING LANDSCAPE SOLUTIONS IS EXPECTED TO DRIVE DEMAND OVER THE PROJECTED PERIOD

Over the anticipated period, demand for artificial turf in public places for water-saving landscaping solutions is anticipated to increase. The parties involved in the development, use, testing, and consultation of synthetic grass products are represented by the Synthetic Turf Council. Such organizations’ promotional efforts will probably help the industry grow.

Market Segments Covered in Report

By Application:

• Residential
• Commercial
• Sports

By Material:

• Polyethylene
• Polypropylene
• Nylon

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Polyethylene increasing in demand globally?

In terms of volume and revenue, artificial turf made from polyethylene materials held the biggest market share. This dominance is expected to last for the duration of the forecasted period. The products’ superior qualities, such as their robustness, softness, and durability, make them more and more popular in end-user applications.

What is the significance of the Commercial Segment?

Over the forecast period, the commercial segment is anticipated to experience the fastest CAGR of 6.0%. In addition to other public utility spaces, hotels, amusement parks, and gardens frequently use artificial turf for commercial applications. Globally expanding commercial construction is probably going to support market expansion. The growth of the synthetic turf industry is predicted to be accelerated by urban development in important geographic areas and an increase in commercial playgrounds.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• Regarding revenue, North America held a significant market share of 31.2% and is expected to expand significantly over the forecasted period. The region’s artificial turf market is anticipated to continue growing due to factors including the abundance of sports fields, the transition from natural grass to synthetic grass, and the rising popularity of outdoor activities.
• In terms of volume, Asia Pacific is predicted to increase at a rate of 5.7% over the projection period due to rising constructions supported by increasing investments from overseas multinationals. The main forces driving the usage of the product in commercial applications are the expanding tourist and hospitality sectors. Additionally, the market is projected to rise due to the expansion of commercial playground buildings and accelerated urbanization.

Competition Analysis

Due to the presence of international manufacturers and a sizable number of domestic players who provide application-specific products, the global artificial turf market is moderately competitive. When making R&D investments, the players prioritize increasing the product’s longevity and toughness to withstand the competitive environment.

The key developments in the Global Artificial Turf Market:

• In September 2021, TenCate Grass, a Dutch company that offers sports and landscape solutions, was purchased by Crestview Partners.
• In May 2022, after several years of successfully operating in Southern Nevada, SYNLawn announced that the firm, through SYNLawn Southern Nevada, will expand its service to Reno and Las Vegas.

A list of some of the key suppliers present in the market are:

• Dow DuPont
• Tarkett
• Shaw Industries
• Victoria PLC
• Controlled Products
• ACT Global
• Sport Group
• Tigerturf
• SIS Pitches
• Matrix Turf

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.