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The Worldwide Market for Grass - Forecast to 2022: Analysis by Installation, Fiber Base Material, Application, Infill Material and Region - ResearchAndMarkets.com

October 9, 2018
The “Artificial Grass Market by Installation (Flooring, Wall Cladding), Fiber Base Material (Polyethylene, Polypropylene, Nylon), Application (Contact Sports, Non-contact Sports, Leisure, Landscaping), Infill Material and Region - Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.The artificial grass market is estimated to be valued at USD 3.2 Billion in 2017 and is projected to reach USD 4.45 Billion by 2022, at a CAGR of 6.8% during the forecast period.The market is driven by factors such as increased applications in the landscaping segment, recycling of artificial grass pitches, and development of different solutions for producing infill materials and yarn technology.The health and environmental impact of artificial grass is the major factor restraining the growth of the artificial grass market globally. The major challenge faced by the end users is the high field temperature associated with artificial grass.

Based on installation, the flooring segment dominated the market in terms of both value and volume in 2016. Rising popularity and acceptance of synthetic sports fields for indoor as well as outdoor sports, along with extended applications in landscaping are the key factors that drive the flooring segment in the artificial grass market. In developed countries, the backing of advanced technologies with regard to product development and sports infrastructure development has fueled the demand for artificial grass.

Based on fiber base material, the polyethylene segment is estimated to account for the largest share of the artificial grass market in 2017. It is widely preferred by various artificial grass manufacturers due to due to its durability, softness, and resiliency, which is required for technically demanding contact sports pitches.

Based on application, the contact sports segment is estimated to be the largest segment in 2017 and this trend is expected to continue through the forecast period owing to factors such as the increase in number of football pitches across the world, increase in investments in hockey in countries such as India, and growth in popularity of American football in the US.

Market Dynamics

Drivers

Growing Demand From Sports VenuesIncrease in the Number of Stadiums Using Artificial TurfCost Advantages of Artificial Grass

Restraints

Health and Environmental Impact of Artificial Grass

Opportunities

Opportunities in Developing Countries and Countries With Harsh ClimateR&D Activities and Advancements in Technology

Challenges

High Field Temperatures Associated With Artificial Grass

Companies Profiled

ACT GlobalControlled ProductsDowDuPontEl EspartanoLimontaMatrix TurfNurteks HaliSIS PitchesShaw IndustriesSoccer GrassSport GroupSportlinkTarkettTigerturfVictoria PLC

For more information about this report visit https://www.researchandmarkets.com/research/b3zmd6/the_worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005509/en/

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 05:15 AM/DISC: 10/09/2018 05:15 AM

http://www.businesswire.com/news/home/20181009005509/en

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