Artificial Turf Market Overview:

The growing construction industry is driving demand for artificial turf, which is used in sports fields, stadiums, commercial gardens, and select residential homes. For example, Qatar is building eight stadiums for FIFA 2022, which will necessitate a large amount of artificial turf. Furthermore, because natural grass is difficult to grow in water-stressed areas, artificial turf is being used. As a result, global concern about water scarcity is driving the growth of the artificial turf market. Another major driver of market growth is the rapid replacement of grass-surfaced sports arenas with artificial turf, owing to its superior quality, ease of replacement, and eco-friendliness.

Synthetic grass is now being used in areas other than athletic fields, such as residential and commercial landscaping. Airports have made extensive use of artificial turf. Some Astroturf/artificial grass can be integrated with optical fibres for runway lighting in aircraft landing surfaces. Artificial turf's rubber granules and synthetic fibres are both subject to wear and can be washed into the environment. Rubber granulates from artificial turf infill are a major source of rubber pollution. Artificial reed fragments end up in the environment as microplastic pollution in both the marine and soil environments.

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Artificial Turf Market Dynamics:

Simulation models are used to conduct market analyses and projections for MMR. Each query is assigned its own model. The model receives data on market dynamics, pricing patterns, the technology environment, application development, and market dynamics all at the same time. Correlation, regression, and time series analysis are used to investigate the relative importance of these elements and their potential implications for the forecast period. Market forecasting tools include technological analysis, market knowledge, and subject comprehension. Unlike econometric models, which are typically used for short-term forecasting, technology market models are usually used for long-term forecasting. These findings are supported by the convergence of the corporate environment, regulatory environment, economic prospects, and technical landscape. To develop global estimates, it is best to estimate markets from the bottom up using data from key regional markets. To ensure accuracy and a complete understanding of the subject, this must be done.

Artificial Turf Market Segment:

Based on Application, the Sports segment accounted for roughly 48% of the Artificial Turf market in 2021. At the end of the forecast period, the segment is expected to maintain its dominance in terms of both value and volume. Artificial grass is increasingly being used to replace natural grass in the sports industry in recent years. Because of its superior qualities over natural grass, various sports pitches are rapidly adopting one of the many different types of artificial grass. It, for example, does not need sunlight or mowing and can be used more frequently. Artificial grass is becoming increasingly popular for use on a variety of playing surfaces, including football, golf, rugby, hockey, and multi-purpose school sports fields.

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Artificial Turf Market Key players:

ForeverLawn (US)
Dow dupont (US)
Shaw Industries (US)
Act Global (US)
Controlled Products (US)
Tigerturf (US)
Matrix Turf (US)
El Espartano (US)
Integriturf (US)
Challenger Industries Inc. (US)
Tarkett Group (France)
Tencate Grass (Netherlands)
SiS Pitches (UK)
Regional Analysis:

The five primary geographical regions of the Artificial Turf market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Research methodology:

Top-down and bottom-up methods are used to estimate and validate the size of the worldwide Artificial Turf market. Participants diligently adhere to the many classification requirements set forth by the firm to compile a comprehensive list of notable and active players. The businesses that are most relevant to the market under consideration are chosen after a thorough validation procedure.
Preference lists are arranged using commercial databases like Factiva, Bloomberg, and others in accordance with the revenue generated in the most recent quarter.
In addition, the questionnaire was created expressly to meet all requirements for appointment-only primary data collection based on the key target categories. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the expansion of various commodities and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before usage.
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