The report "Artificial Turf Market by Material Type (Nylon, Polypropylene, Polyethylene), Filament Type (Monofilament, Multi-Filament), End-Use Industry (Building & Construction, Automotive, Artificial Grass), and Region - Global Forecast to 2028", is estimated at USD 76.6 billion in 2022 and is projected to reach USD 114.3 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The growing demand for artificial turf in a variety of end-use industries, such as building & construction, automotive, artificial grass, is the main driver of this market expansion.
Browse 156 market data Tables and 47 Figures spread through 196 Pages and in-depth TOC on "Artificial Turf Market by Material Type (Nylon, Polypropylene, Polyethylene), Filament Type (Monofilament, Multi-Filament), End-Use Industry (Building & Construction, Automotive, Artificial Grass), and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/artificial-turf-market-121486580.html
Polypropylene to register the highest CAGR during the forecast period, in terms of both value and volume.
Polypropylene, a by-product of gasoline refining, continues to gain market share in the artificial grass market, due to its significantly low cost compared to nylon. It has a low melting point; hence, when used in areas prone to high temperatures, prolonged exposure will cause disfiguration, giving the blades an unnatural look. It provides a soft roll, and hence, is used by many golfers. Its light weight makes it an ideal turf base fiber for indoor use as carpets.
Monofilament is expected to witness the highest CAGR between 2023 to 2028
Monofilament artificial grass is a versatile and visually appealing synthetic turf option characterized by individual, single-strand fibers, typically made from durable polyethylene. Its natural look and feel make it suitable for various applications, including residential landscaping, commercial outdoor spaces, sports fields, playgrounds, golf greens, and pet areas. The material's resistance to UV radiation ensures long-lasting color and durability, making it ideal for high-traffic areas and challenging weather conditions. Monofilament artificial grass offers a low-maintenance alternative to natural lawns while providing a soft and comfortable surface for activities and play. Its adaptability and aesthetic qualities have made it a popular choice for creating lush and realistic green spaces in a wide range of environments.
Asia Pacific account for the largest market share in the global artificial turf market
The Asia Pacific region is projected to be the fastest-growing market for artificial turf, at a CAGR of 7.1% from 2023 to 2028; it accounted for a share of 30.4% in 2022. The application of artificial turf is expected to grow at a faster pace due to the demand from the building & construction, artificial grass industry. China, India, Japan, and South Korea are the major countries covered for the study in this report. The demand for artificial turf in Asia Pacific is largely fulfilled by the import of it from North America and Europe region. Increase in income levels and purchasing power, rise in the middle-class population, and demand for artificial turf from the building & construction industry provide promising prospects for the growth of the artificial turf industry. China holds a significant market in the Asia Pacific region for the artificial turf market.
Prominent companies in the artificial turf market include DuPont (US), FieldTurf (Canada),Shaw Industries Group, Inc. (US), ACT Global (US), TigerTurf (US), Mohawk Industries, Inc. (US), Tarkett (France), Lowe’s Companies, Inc. (US), Interface, Inc. (US), Dixie Group, Inc. (US), Oriental Weavers (Egypt), Tai Ping Carpets International Limited (Hong Kong), Victoria PLC (UK), The Home Depot, Inc, (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441