Asia Pacific Artificial Turf Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polyethylene, Polypropylene, Polyamide, and Others) and Application (Residential, Commercial, and Sport)

TIPRE00027822 | Pages: 106 | Chemicals and Materials | Mar 2022 | Type: Regional | Status: Published

Market Introduction

The market for artificial turf in the APAC is spread across Australia, China, India, Japan, South Korea, and the Rest of APAC. In APAC, the demand for artificial turf is increasing, mainly due to the rising use of artificial turf in the residential sector. Besides, an increase in consumer demand for having an aesthetic look to their garden and renovation and decoration trends are bolstering the demand for artificial turf in the region. Moreover, the rise in residential and commercial infrastructural facilities across the region is driving the market.

Furthermore, artificial turf requires less water use and chemicals, low maintenance, no irrigation, and weather resistance which is increasing the demand for artificial turf at sports facilities. Besides, with rising globalization, construction industry growth is becoming a key factor favoring the artificial turf market. For instance, in India, the construction industry is the second largest industry after agriculture, accounting for about 11% of the country’s GDP. In construction projects, artificial turf is widely demanded from homes, stadiums, sports fields, and commercial gardens. Thus, all these factors will drive the artificial turf market in APAC. Further, in recent years, the major market players in the region have invested heavily in R&D initiatives, contributing to the development of several innovative products. The key players are expanding their product portfolio by strategic mergers & acquisitions of small and medium-scale companies.

The COVID-19 pandemic severely affected many industries across APAC, including the chemicals & materials industry. Due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage. However, China was the first of all the APAC countries to recover from losses due to rapid vaccination and effective government regulations. This is projected to impact the growth of the artificial turf market positively. Furthermore, the rising penetration of e-commerce platforms across the region is projected to boost the sales of artificial turfs over the coming years.                        


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Market Overview and Dynamics

The artificial turf market in APAC is expected to grow from US$ 1,123.71 million in 2021 to US$ 1,581.64 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. Artificial turf is suitable for different types of sports, but it is commonly used for sports such as baseball, football, lacrosse, rugby, and soccer. Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased developments and production of artificial turf.  Moreover, artificial turf installation is becoming a common choice for stadiums due to advances in turf technology.     

Key Market Segments

APAC artificial turf market is segmented into material, application, and country. Based on material, the APAC artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment led the APAC artificial turf market in 2020. Based on the application, the APAC artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the APAC artificial turf market in 2020. Based on country, the APAC artificial turf market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the artificial turf market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Act Global; CCGrass; GreenFields BV; HATKO; Tarkett; TenCate Grass; and The Dow Chemical Company; Victoria PLC.          

Reasons to buy report

  • To understand the APAC artificial turf market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC artificial turf market.
  • Efficiently plan M&A and partnership deals in APAC artificial turf market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC artificial turf market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Artificial Turf Market Segmentation

APAC Artificial Turf Market - By Material

  • Polyethylene
  • Polypropylene
  • Polyamide
  • Others

APAC Artificial Turf Market - By Application

  • Residential
  • Commercial
  • Sport

APAC Artificial Turf Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Artificial Turf Market - Company Profiles

  • Act Global
  • CCGrass
  • GreenFields BV
  • HATKO
  • Tarkett
  • TenCate Grass
  • The Dow Chemical Company
  • Victoria PLC
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        APAC Artificial Turf Market, by Material

1.3.2        APAC Artificial Turf Market, by Application

1.3.3        APAC Artificial Turf Market, by Country

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           APAC Artificial Turf Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Artificial Turf Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Significant Demand for Artificial Turf from Sports Industry and Rise in Number of Stadiums

5.1.2        Huge Demand for Artificial Turf from Commercial and Residential Sector

5.2         Market Restraints

5.2.1        Huge Volumes of Plastic and Heat Absorbent Properties of Artificial Turf Causing Problems

5.3         Market Opportunities

5.3.1        Significant Rise in Research and Development Activities and Enhancements in Technology

5.4         Future Trends

5.4.1        Product Modifications

5.5         Impact Analysis

6.           Artificial Turf – APAC Market Analysis

6.1         APAC Artificial Turf Market Overview

6.2         APAC Artificial Turf Market –Revenue and Forecast to 2028 (US$ Mn)

7.           APAC Artificial Turf Market Analysis – By Material

7.1         Overview

7.2         APAC Artificial Turf Market, By Material (2020 and 2028)

7.3         Polyethylene

7.3.1        Overview

7.3.2        Polyethylene: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

7.4         Polypropylene

7.4.1        Overview

7.4.2        Polypropylene: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

7.5         Polyamide

7.5.1        Overview

7.5.2        Polyamide: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

7.6         Others

7.6.1        Overview

8.           APAC Artificial Turf Market Analysis – By Application

8.1         Overview

8.2         APAC Artificial Turf Market, By Application (2020 and 2028)

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

8.5         Sport

8.5.1        Overview

8.5.2        Sport: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

9.           APAC Artificial Turf Market – Country Analysis

9.1         Overview

9.1.1        APAC: Artificial turf Market, by Key Country

9.1.1.1          Australia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: Artificial turf Market, By Material

9.1.1.1.2          Australia: Artificial turf Market, by Application

9.1.1.2          China: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: Artificial turf Market, By Material

9.1.1.2.2          China: Artificial turf Market, by Application

9.1.1.3          India: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India: Artificial turf Market, By Material

9.1.1.3.2          India: Artificial turf Market, by Application

9.1.1.4          Japan: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan: Artificial turf Market, By Material

9.1.1.4.2          Japan: Artificial turf Market, by Application

9.1.1.5          South Korea: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: Artificial turf Market, By Material

9.1.1.5.2          South Korea: Artificial turf Market, by Application

9.1.1.6          Rest of APAC: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC: Artificial turf Market, By Material

9.1.1.6.2          Rest of APAC: Artificial turf Market, by Application

10.        Impact of COVID-19 Pandemic on APAC Artificial Turf Market

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Mergers & acquisition

11.2      Product News

11.3      Company News

12.        Company Profiles

12.1      The Dow Chemical Company

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Tarkett

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Act Global

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      CCGrass

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      TenCate Grass

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Victoria PLC

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      GreenFields BV

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      HATKO

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             APAC Artificial Turf Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             Australia Artificial turf Market, By Material– Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             India Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Japan Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          South Korea Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of APAC Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Glossary of Terms, APAC Artificial Turf Market

 


LIST OF FIGURES

Figure 1.           APAC Artificial Turf Market Segmentation

Figure 2.           APAC Artificial Turf Market Segmentation – By Country

Figure 3.           APAC Artificial Turf Market Overview

Figure 4.           APAC Artificial Turf Market, By Application

Figure 5.           APAC Artificial Turf Market, by Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Ecosystem: Artificial Turf Market

Figure 8.           Expert Opinion

Figure 9.           APAC Artificial Turf Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 11.        APAC Artificial Turf Market Revenue Share, By Material (2020 and 2028)

Figure 12.        APAC Polyethylene: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        APAC Polypropylene: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        APAC Polyamide: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        APAC Others: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.        APAC Artificial Turf Market Revenue Share, By Application (2020 and 2028)

Figure 17.        APAC Residential: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        APAC Commercial: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        APAC Sport: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20.        APAC: Artificial turf Market, by Key Country – Revenue (2020) (US$ Million)

Figure 21.        APAC: Artificial turf Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        Australia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 23.        China: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 24.        India: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Japan: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 26.        South Korea: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Rest of APAC: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. Act Global
  2. CCGrass
  3. GreenFields BV
  4. HATKO
  5. Tarkett
  6. TenCate Grass
  7. The Dow Chemical Company
  8. Victoria PLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC artificial turf market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC artificial turf market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the artificial turf market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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