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

Artificial Turf Market Leaders & New Revenue Pockets

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. Another major factor driving the growth of the artificial turf market growth is the replacement of natural grass with artificial turf in sports venues. Artificial turf is gaining popularity due to its low maintenance cost and better durability compared to natural grass.

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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"

Recent Developments in Artificial Turf Market Industry

1. In February 2023, ForeverLawn, Inc. announced an official synthetic turf partnership with Cleveland Browns. This partnership allows the use of ForeverLawn’s SportsGrass product line for various turf applications along with future synthetic turf fields.
2. In July 2022, Mohawk Industries, Inc. has agreed on the acquisition of Georgia-based Foss Floors. Foss Floors has expertise in needle-punch technology for nonwoven materials used in products such as carpets and artificial turfs.
3. In April 2021, Lowe’s Companies, Inc. acquired the most trusted, and recognized carpet brand, Stainmaster as a well-established playern improvement in the home improvement retailer.

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Prominent companies, including 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) are recognized as key players in the global artificial turf market. These market leaders have strategically prioritized growth efforts like mergers and acquisitions, collaborations, expansions, investments, and divestitures to help them expand into previously undiscovered and attractive markets.

DuPont. (US) - In September 2017, DuPont completed a merger agreement with Dow Chemicals to form a new company, DowDuPont. The companies announced the merger in 2015, which was completed in 2017. Post-merger, the companies haves been operated as three independent divisions—Agriculture, Materials Science, and Specialty Products.

In 2019, the dissolution of DowDuPont was completed into Dow, DuPont, and Corteva. DuPont offers a wide range of artificial grasses in collaboration with ForeverLawn, Inc. DuPont is a science and technology-based company that offers innovative products, materials, and services to meet the demands of a broad customer base. The company operates through overall thirteen business segments—Agriculture, Automotive, Building & Construction, Electronics, Energy, Food & Beverage, Government & Public Sector, Healthcare & Medical, Marine, Mining, Packaging & Printing, Plastics, and Safety & Protection. The company offers artificial grass under its home, garden & car care category products, under the brand DuPont ForeverLawn Synthetic Grass, which finds application in landscape settings.

The company’s network spans more than 90 countries in the Asia Pacific, Europe, the Middle East, and the Americas. Its subsidiaries include DuPont China Holding Co., Ltd (China), DuPont do Brasil (Brazil), DuPont (UK) Ltd (UK), and Pont (Australia) Pty Ltd (Australia).

Shaw Industries Group, Inc. (US) - Shaw Industries Group, Inc. is the largest carpet manufacturer globally. The company’s product portfolio includes carpet, hardwood, laminate, tile, and stone flooring products and synthetic grass for the residential and commercial markets worldwide. Shaw Sports Turf is a part of Shaw Industries. Shaw is a Berkshire-Hathaway company, and Shaw Sports Turf is the largest American-owned and American-made synthetic turf company in the world. The company provides artificial grass under through the Specialty Markets segment. The company operates in the synthetic turf business through Sports Turf, Southwest Greens International LLC, and Watershed Geosynthetics LLC, which provide synthetic sports turf and landscape turf products.

The company operates as a subsidiary of the Berkshire Hathway Company. The companyIt operates through 50 manufacturing facilities and 45 distribution facilities at a global level. The company sells its products through its sales offices present throughout the US, as well as Australia, Brazil, Canada, Chile, China, France, India, Mexico, Singapore, the UAE, and the UK.

ACT Global (US) - ACT Global is a leading manufacturer of artificial turf for the sports, landscaping, aviation, and landfill applications. The company provides a full range of artificial grass products for sports, including football, hockey, rugby, American football, baseball, and other sports applications such as tennis, golf, lacrosse, and indoor & multipurpose use. It provides artificial landscape grass, under its brand Turfscape, with applications in lawns, gardens, road medians, pool decks, patios, rooftops, apartments, hotels, playgrounds & child care centers, batting cages, parks, and other high-use play areas. Apart from this, the company also provides pet turf used in yards, pet runs, dog daycares, and pet grooming facilities. Its LiteEarth and AvTurf affiliations add capabilities for landfills and airport applications.

The company sells its products in over 80 countries and operates through four manufacturing facilities located in the US, Europe, and Asia and offers installation services in over 70 countries. It has sales offices across Europe, Asia Pacific, the Middle East, Africa, and throughout the US.

Artificial Turf Market New Revenue Pockets

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.

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.

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.