Artificial Turf Market to 2025 (12.7% CAGR Expected) Top Player Profiles - Victoria PLC (Avalon Grass), Sportfield Deutschland Holding GmbH (AstroTurf)

According to a new report published by Big Market Research, titled, Artificial Turf Market by Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, 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. The polypropylene artificial turf segment accounted for more than 24% share of the global artificial turf market in 2016.

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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. Furthermore, the low price of polyethylene artificial turf fuels the market growth for polyethylene artificial turf.

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 pf the surface.

Market Segment by Manufacturers, this report covers : Victoria PLC (Avalon Grass), Sportfield Deutschland Holding GmbH (AstroTurf), CoCreation Grass Corporation, FieldTurf, Global Syn-Turf, Inc., Controlled Products, LLC (GrassTex), ForestGrass, Synlawn Artificial Grass, The Dow Chemical Company (DOW), and TigerTurf.

KEY BENEFITS FOR STAKEHOLDERS
o Porters Five Force's analysis helps in analyzing the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
o It outlines the current trends and future scenario of the artificial turf market from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
o Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
o An in-depth analysis of the current research & clinical developments within the market is provided along with the key dynamic factors.
o The key drivers, restrains, and opportunities and their detailed impact analyses have been elucidated in the study.
o The profiles of key players along with their key strategic developments have been enlisted in the report.

Key Market Segments
By Material
o Polyethylene
o Polypropylene
o Polyamides (Nylon)

By Application
o Contact Sport
o Leisure & Landscaping
o Others

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This release was published on openPR.