Artificial Turf Market worth $114.3 billion by 2028 - At a CAGR of 6.5%

The Artificial Turf Market 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.

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Based on the end-use industry, the market has been divided into a number of industries, such as building & construction, automotice, artificial grass, and others. The building & construction industry is predicted to dominate these sectors in the global artificial turf market. This dominance is explained by its contribution to improving the appearance, looks and features of residential and commercial spaces. The applications of artificial turf in the residential sector cover installations in new residential buildings, and renovations. The use of carpets on floors enhances the esthetic appeal and provides comfort. Carpets help the user achieve dynamic control over noise and provide comfort as well as safe and slop-resistant floors.

Based on the material type, the artificial turf market is segmented into groups like nylon, polypropylene, polyethylene, hybrid and others. Nylon was the first type of fiber used to create artificial turf. Its excellent strength and superior resilient properties make it an ideal choice for artificial grass manufacturers. It will not change its shape even when used rigorously. It is about 33% stronger than polyethylene and 26% stronger than polypropylene. It is the most expensive form of fiber when compared to polypropylene and polyethylene.

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Based on the filament type, the artificial turf market is segmented into monofilament and multi-filament. Multi-filament fibers in artificial turf are made up of multiple strands of fiber that are twisted together. They are softer and more flexible than monofilament fibers, making them a good choice for playgrounds and other areas where a softer surface is desired. The demand for monofilament is expected to rise in the sports sector during the forecast period. Multi-filament artificial grass is a robust and versatile synthetic turf variety characterized by fibers composed of bundled smaller filaments, often made from materials like polyethylene, polypropylene, or nylon. This type of artificial grass is prized for its exceptional durability and resilience, making it a preferred choice for demanding applications such as sports fields.

Based on region, From 2023 to 2028, the artificial turf market is projected to grow with the highest compound annual growth rate (CAGR) in the Asia Pacific region. China accounted for the largest market share of the Asia Pacific artificial turf market in 2022. This significance can be attributed to China’s strong industrial development and ongoing economic landscape improvement. Due to the fact that 60% of the world’s population lives in the Asia-Pacific region, artificial turf is widely used in a variety of end-use sectors, including building & construction, automotive, artificial grass.

Major players operating 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). These companies have their reliable manufacturing plants and well-established distribution networks that reach across key areas like North America, Europe, and the Asia Pacific. They have a well-known range of top-notch goods and services, a commanding market presence, and solid business plans. Additionally, these businesses control a sizeable portion of the market, provide goods with a variety of uses, serve a large geographic area, and maintain a vast variety of items.