South Korea Artificial Turf Market Is Expected to Reach KRW 2,960 billion by 2022: Ken Research

• Constant innovation in 4th Generation Artificial Turf and research in this market is constantly leading to better products and promoting customer interest.
• Varieties of artificial grass are also being explored with characteristics like controlling the length as deemed fit by the user, inbuilt lighting, scents to satisfy the olfactory capacities and patterns of different color in the grass.
• The Sports Associations around the world are trying to reduce their water footprint and develop stadiums which incur construction and maintenance costs. This has led to acceptance of artificial turf as a viable option and associations have begun to frame rules in cognizance of this fact.

Supported by the emergence of technology of recyclable artificial turf, booming construction sector and shrinking open spaces, South Korea Artificial Turf market is expected grow at a CAGR of close to 9% during the forecast period 2018E-2022E.
The market is expected to be dominated by Polyethylene (PE) based products. Supported by consistent advancements in PE based artificial grass manufacturing technology, bio-based raw materials used to make PE and invention of more durable, resistant and natural grass like texture of PE based grass, this range of products is expected to play a key role in the coming years. PE based products would be followed by Polypropylene (PP), Nylon/ Polyamide and Blended varieties of products.

With the evolution of sport as an immersive experience rather than a non-participatory, laid back kind of experience, contact sports in the South Korea Artificial Turf Market is expected to grow in share. This growth is expected to be led by the growth of contact sports like soccer, baseball, hockey and rugby which are undeniably important in the South Korean context. The growth of contact sports will be mirrored by similar growth in Landscaping and Leisure user industries. However, the market of Non-Contact Sports will shrink noticeably to a precipitous figure.

Analysts at Ken Research in their latest publication “South Korea Artificial Turf Market Outlook to 2022 - by Organized and Unorganized, by Product Type (Polyethylene, Polypropylene, Nylon/ Polyamide and Blended) and by Application Areas (Contact Sports, Non-Contact Sports, Landscaping and Leisure)” have anticipated that owing to the sustained efforts towards a better and innovative product by turf manufacturers and renewing interest in artificial turf as a viable alternative will aid the growth of the market.

For more information on the research report, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/south-korea-artificial-turf-market/149662-95.html

Products Covered:
Organized Artificial Turf Sales, Unorganized Artificial Turf Segment, Contact Sports, Non-Contact Sports, Landscaping, Leisure, Artificial Turf in School Playgrounds, Domestic Sales and Export, Polyethylene, Polypropylene, Nylon/ Polyamide and Blended

Companies Covered:
Kolon Glotech
Entoutcas
K&B Junwoo
DaeWon Green (DWG)
FieldMaster
GST Global
Benoh Co. Ltd.
ECSF Turf
FieldTurf

Related Reports:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html

https://www.kenresearch.ae/manufacturing-and-construction/real-estate/middle-east-real-estate-market-research-report/637-97.html

https://www.kenresearch.com/manufacturing-and-construction/real-estate/philippines-real-estate-market-research-report/29319-97.html

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Ken Research
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Ankur@kenresearch.com
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