Global Artificial Turf Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 12.7% - ResearchAndMarkets.com
Jul. 09, 2018
DUBLIN--(BUSINESS WIRE)--Jul 9, 2018--The "Artificial Turf Market by Material, Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global artificial turf market was valued at $2,530 million in 2016, and is projected to reach $5,842 million by 2023, growing at a CAGR of 12.7% from 2017 to 2023.
Artificial turf are largely used in sports requiring grass surface with high durability. Some of the advantages of using artificial turfs in sports include uniform high quality grass surface, low maintenance, weather resistance, and less chances of injuries due to the soft bristles. Furthermore, it is used in landscaping and other applications. Artificial grass fibers are made from polymers such as polyethylene, polypropylene, and polyamide. Each of these polymers comes with its own characteristics and qualities, which decides its applicability. However, high initial cost of artificial turfs is a major restrain for the growth of the market.
Based on material, the market is segmented into polyethylene, polypropylene, and polyamides. The polyethylene artificial turf segment is projected to be the most lucrative segment from 2017 to 2023, and accounts for two-thirds share of the global artificial turf by 2023 due to its long shelf life and gentle nature on the human skin.
Based on application, the market is segmented into contact sport, leisure & landscaping, and others. The contact sport segment is estimated to grow at the highest CAGR during the forecast period, owing to the growing need for high quality grass surface that offers enhanced protection to players, good playing surfaces, and low maintenance of the surface.
Companies Mentioned:Victoria PLC Sportfield Deutschland Holding GmbH CoCreation Grass Corporation FieldTurf Global Syn-Turf, Inc. Controlled Products, LLC ForestGrass Synlawn Artificial Grass The Dow Chemical Company TigerTurf
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Artificial Turf Market, By Material
Chapter 5: Artificial Turf Market, By Application
Chapter 6: Artificial Turf Market, By Region
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/bpfk49/global_artificial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180709005329/en/
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PUB: 07/09/2018 05:04 AM/DISC: 07/09/2018 05:04 AM