Polyethylene artificial grass Sales South Korea-Ken Research

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South Korea Artificial Turf Market Research
Report-Ken Research
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The report titled South Korea Artificial Turf
Market Outlook to 2022 - by Organized and
Unorganized, by Product Type (Polyethylene,
Polypropylene, Nylon/ Polyamide and Blended) and
by Application Areas (Contact Sports, Non-Contact
Sports, Landscaping and Leisure) provides a
comprehensive analysis of South Korean artificial
turf market introduction, market size, value
chain and market segmentations by Organized and
Unorganized, by Product Type (Polyethylene,
Polypropylene, Nylon/ Polyamide and Blended) and
by Application Areas (Contact Sports, Non-Contact
Sports, Landscaping and Leisure). The report
extensively covers pricing analysis, case
analysis, competition scenario, market share and
competitive landscape of major players including
Kolon Glotech, Entoutcas, KB Junwoo, DaeWon
Green (DWG), FieldMaster and analyst
recommendations. The report facilitates the
reader with the identification and in-depth
analysis of the existing and future trends and
issues that impacts the industry. It provides the
reader an idea regarding growth in the future
depending upon changing industry dynamics in
coming years. The report is useful for artificial
turf manufacturers, distributors, government
entities, sports facilities, sports franchises
and other stakeholders to plan their market
centric strategies in accordance with the ongoing
and expected trends in the future. South Korea
Artificial Turf Market Size and Overview Market
Overview The market for artificial turf is at a
matured stage, with a limited number of players
dominating the market.
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In terms of revenue, the market for artificial
turf has increased at a single digit CAGR during
FY2012 FY2017 due to both domestic and
international growth factors. The share of
organized players by production during
FY2012-FY2017 increased due to capacity
addition and entry of new players in the market.
Additionally, a series of unorganized players
have taken an exit from the market due to low
volumes, thereby reducing the share of the
unorganized sector in terms of production. Market
Segmentation By Organized and Unorganized sector
in Domestic Sales Organized sector accounted for
largest share of the total sales in the domestic
sector and unorganized sector accounted for the
rest of the sales. Increase in the number of
government projects, capacity addition and
renewal of interest in artificial turf is the
reason for this share in the market. Major
companies in the organized sector are Kolon
Glotech, Entoutcas, KB Junwoo, FieldMaster and
others. By Application Contact Sports segment
dominated the revenues in FY2017 from demand for
artificial turfs due to increasing government
allocation on building facilities for soccer,
baseball, hockey and others. This was followed by
the Leisure segment in FY2017. Landscaping and
Non-Contact Sports contributed single digit share
respectively in FY2017.
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By Product Type Polyethylene (PE) based
artificial turfs have dominated the market in
2017. PE is popular due to its durable nature,
mid-range price and soft grass-like feel. The
Polypropylene (PP) based artificial turfs
followed PE. This was followed by Nylon/
Polyamide and Blended (double structured-
NylonPE) in terms of revenues share. Export of
Artificial Turfs Increasing infrastructure,
better sales prices, favorable export policies
along with a growing number of South Korean
artificial grass manufacturers with proper
certifications have led to the growth of the
export market in South Korea. Major Export
Destinations for Artificial Turfs In terms of
exports, US, Australia, China, Canada and the
United Kingdom are the top 5 destinations for
export of South Korean artificial grass
products. Competitive Landscape The South Korean
artificial turf market is an extremely
competitive market due to a mixture of increasing
production of manufacturers and rising domestic
demand. The competition is more pronounced in the
domestic market, due to entry of a number of
foreign entities who want to play a decisive role
in this market. The market in South Korea is at a
growth stage and with companies becoming
specialized in offering products pertaining to a
particular category, with the required quality
standards it presents an immense opportunity for
growth. The leading companies in this space are
gravitating from being a products seller to
becoming a solutions seller. Competition among
companies is staged on parameters pertaining to
safety, experience, performance and
certifications.
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Future Analysis and Projections South Korea
Artificial market, in terms of revenue is
expected to increase at a higher end of single
digit CAGR during FY2018-FY2022 owing to a
variety of reasons involving evolution of
recyclable process for artificial turfs to raw
materials for making artificial turfs being
derived from bio-based materials. The nature of
end user industries is also going to change and
sports bodies will adapt themselves to the
changing realities. This marks a behavioral shift
in attitudes of people towards artificial turfs
which promises to be substantial. Polyethylene
based products in the market is expected to
dominate and the share of contact sports is
expected to grow. Thus the future of the market
looks full of potential and growth. To know
more, click on the link below https//www.kenrese
arch.com/consumer-products-and-retail/home-and-off
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