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)
June 2018
101
About the Report
About the Report
South Korea Artificial Turf Market Size and Overview
The market for artificial turf is at a matured stage, with a limited number of players dominating the market. In terms of revenue, the market for artificial turf has increased at a single digit CAGR during FY’2012 - FY’2017 due to both domestic and international growth factors. The share of organized players by production during FY’2012-FY’2017 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, K&B Junwoo, FieldMaster and others.
By Application: Contact Sports segment dominated the revenues in FY’2017 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 FY’2017. Landscaping and Non-Contact Sports contributed single digit share respectively in FY’2017.
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- Nylon+PE) 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.
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 FY’2018-FY’2022 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.
Key Topics Covered in the Report
- South Korea Artificial Turf Market Introduction
- South Korea Artificial Turf Market Size
- South Korea Artificial Turf Market Segmentation 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)
- Pricing Analysis in South Korea Artificial Turf Market
- Trade Scenario in South Korea Artificial Turf Market
- Competitive Landscape in South Korea Artificial Turf Market
- Market Share of Major Players
- Company profiling for major players in South Korea Artificial Turf Market
- Government Regulations in South Korea Artificial Turf Market
- South Korea Artificial Turf Market Future Outlook And Projections
- Analyst Recommendations in South Korea Artificial Turf Market
- Case Analysis
Products
Products
Organized Artificial Turf Sales, Unorganized Artificial Turf Segment, Contact Sports, Non-Contact Sports, Landscaping, Leisure, Artificial Turf in School Playgrounds, Domestic Sales and Export, Polyethylene, Polypropylene, Nylon/ Polyamide and Blended
Companies
Kolon Glotech, Entoutcas, K&B Junwoo, DaeWon Green (DWG), FieldMaster, GST Global, Benoh Co. Ltd., ECSF Turf, FieldTurf
Table of Contents
Table of Contents
1. Executive Summary
South korea artificial turf Market
South Korea Artificial Turf Market Size
South Korea Artificial Turf Market Segmentation
Trade Scenario For South Korea Artificial Turf Market
Competitive Landscape of Major Players in South Korea Artificial Turf Market
Trends And Developments In South Korea Artificial Turf Market
Future Outlook Of South Korea Artificial Turf Market
2. Research Methodology
2.1. Market Definition
2.2. Abbreviations
2.3. Market Sizing And Modeling
Research Methodology
Approach - Market Sizing
Limitations
Variables (Dependent And Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. South Korea Artificial Turf Market Overview and Genesis
Cost of Installing Artificial Turf Vs Natural Grass
4. Value Chain Analysis of South Korea Artificial Turf Market
4.1. Manufacturing Process of Artificial Turfs
5. South Korean Artificial Turf Market Size, 2012-2017
5.1. By Revenues, 2012-2017
6. South Korean Artificial Turf Market Segmentation
6.1. By Type of Artificial Turf (Polyethylene, Polypropylene, Nylon, Blended), 2012-2017
6.2. By Application Areas (Contact Sports, Non-Contact Sports, Landscaping, Leisure), 2012-2017
6.3. Case Analysis for Installation of Artificial Turf
6.3.1. Contact Sports
Total Cost-Investment Analysis of a Soccer Field
Components to Artificial Turf System
Installation Process
Time Period for New Artificial Turf Development
Maintenance Process
Size of the Employment Generated from Artificial Turf Sports Field construction and Maintenance
Selection Parameters for an Artificial Turf Sports Field
6.3.2. Landscape and Leisure
Installation Process
Maintenance Process
Time and People Needed to Install
Labor cost for installation
Selection Parameters for Landscape/ Leisure
6.3.3. Artificial Turf for School Playground
6.3. By Domestic Sales and Exports, 2017
6.4. By Organized and Unorganized Sector, 2017
7. Trade Scenario For South Korea Artificial Turf Market, 2012-2017
7.1. By Exports, 2012-2017
7.2. By Imports, 2012-2017
8. Trends and Development in South Korea Artificial Turf Market
Rapid Evolvement of Technology
Greater Adoption by Key Stakeholders
Development of Fourth Generation of Artificial Turf Systems
Increased Awareness of Recycling
Consolidation of Key Industry Players
9. Issues and Restraints in South Korea Artificial Turf Market
Unanticipated Hurdles In Distribution Chain
Quality, Health and Safety Standards
Generation of Non-Recyclable By-Products and WastE
10. SWOT Analysis in South Korea Artificial Turf Market
11. Pricing Analysis in South Korea Artificial Turf Market
12. Government Regulations in South Korea Artificial Turf Market
13. Competitive Landscape of South Korea Artificial Turf Market
13.1. Competition Scenario of South Korea Artificial Turf Market
13.2. Directory of Major Companies in South Korea Artificial Turf Market
13.3. Market Share of Major players in the Artificial Turf Market, 2017
14. Company Profiles of Major Players in South Korea Artificial Turf Market
14.1. Kolon Glotech
14.2. Entoutcas
14.3. K&B Junwoo
14.4. DaeWon Green (DWG)
14.5. FieldMaster
14.6. Other Players (GST Global, Benoh, ECSF Turf, Field Turf) in the South Korea Artificial Turf Market
15. South Korea Artificial Turf Market Future Outlook And Projections, 2018 - 2022
15.1. By Revenues, 2018-2022
15.2. By Type of Artificial Turf, 2018-2022
15.3. By Application Areas, 2022
16. Analyst Recommendations
Disclaimer
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List of Figure
Figure 1-1: Flow Chart for South Korean Artificial Turf Market, 2017
Figure 3-1: Business Cycle of South Korea Artificial Turf Market
Figure 4-1: Value Chain Analysis for South Korea Artificial Turf Market
Figure 4-2: Manufacturing Process of Artificial Turfs
Figure 5-1: South Korean Artificial Market Size on the Basis of Revenue in KRW Billion and Growth Rate in Percentage (%), 2012-2017
Figure 6-1: South Korea Artificial Turf Market Segmentation by Applications (Contact Sports, Non-contact sports, Landscaping and Leisure) on the Basis of Revenues in Percentage (%), 2012-2017
Figure 6-2: South Korea Artificial Turf Market Segmentation by Contact Sports (Soccer, Hockey, Baseball and Others) on the Basis of Revenues in Percentage (%), 2017
Figure 6-3: Artificial Turf Process Involved in Construction and Installation
Figure 6-4: South Korea Artificial Turf Market Segmentation by Domestic and Export Sales on the Basis of Revenue in Percentage (%), 2017
Figure 6-5: South Korea Artificial Turf Market Segmentation by Unorganized and Organized Sector on the Basis of Revenue in Percentage (%), 2017
Figure 7-1: South Korea Artificial Turf Export Market by Major Destinations on the Basis of Export Value in Percentage, 2017
Figure 7-2: South Korea Artificial Turf Export Market by Major Destinations on the Basis of Export Volume in Percentage (%), 2017
Figure 7-3: South Korea Artificial Turf Import Market by Major Destinations on the Basis of Import Value in Percentage (%), 2017
Figure 7-4: South Korea Artificial Turf Import Market by Major Destinations on the Basis of Import Volume in Percentage (%), 2017
Figure 8-1: Number of Soccer Fields in South Korea, 2012-2017
Figure 8-2: Number of Baseball Stadiums in South Korea, 2012-2017
Figure 13-1: Market Share of Major Players in South Korea Artificial Turf Market on the Basis of Domestic Sales Revenues in Percentage (%), 2017
Figure 15-1: Future Projections of South Korea Artificial Turf Market on the Basis of Revenue in KRW Billion and Growth Rate in Percentage (%), 2018 - 2022
Figure 15-2: Future Projections for South Korea Artificial Turf Market by Product Type (Polyethylene (PE), Polypropylene (PP), Nylon/ Polyamide and Blended (double structured-Nylon+PE)) on the Basis of Revenues in Percentage (%), 2018-2022
Figure 15-3: Future Projections of South Korea Artificial Turf Market Segmentation by Contact Sports (Soccer, Hockey, Baseball and Others) in terms of Revenues in Percentage (%), 2022
Figure 15-4: Future Projections South Korea Artificial Turf Market Segmentation by Applications (Contact Sports, Non-contact sports, Landscaping and Leisure) on the Basis of Revenues in Percentage (%), 2018-2022
List of Table
Table 2-1: Correlation Matrix of South Korea Artificial Turf Market
Table 2-2: Regression Coefficient Output for South Korea Artificial Turf Market
Table 3-1: Market Evolution, Overview and Structure and Emerging Market Trends of South Korea Artificial Turf Market
Table 3-2: Result of Artificial Turf Hazard Check in School Playgrounds Conducted by Ministry of Education
Table 3-3: Comparative Analysis of the Use of Artificial Turf versus Natural Grass Including Maintenance, Long Terms Costs, Return on Investments, Disposal Costs, Injuries and Injections and High Temperature
Table 3-4: Timeline for Major Companies in South Korea Artificial Turf Market
Table 4-1: Role of Each Entity involved in Value Chain for South Korea Artificial Turf Market
Table 4-2: Major Players in Each Entity for South Korea Artificial Turf Market Involved in Value Chain
Table 4-3: Manufacturing Process of Artificial Turfs Including Tufting process consisting of steps like Blending the raw ingredients, Mixing, Extruding, Spooling, Knitting and Stitch Bonding, Coating, Drying, Rolling and Quality Checks.
Table 5-1: Rationale and Description for South Korea Artificial Turf Market Size on the Basis of Revenue, 2012-2017
Table 6-1: Rationale and Description of South Korea Artificial Turf Market Segmentation by Product Type (Polyethylene (PE), Polypropylene (PP), Nylon/ Polyamide and Blended (double structured-Nylon+PE)) on the Basis of Revenue, 2012-2017
Table 6-2: Cross Comparison of Polyethylene (PE) and Polypropylene (PP) on the Basis of Application, Price Difference, Major End Users, Pros and Cons
Table 6-3: South Korea Artificial Turf Market Segmentation by Product Type (Polyethylene (PE), Polypropylene (PP), Nylon/ Polyamide and Blended (double structured-Nylon+PE)) on the Basis of Revenues in KRW Billion, 2012-2017
Table 6-4: South Korea Artificial Turf Market Segmentation by Type of Artificial Turf on the Basis of Revenues in Percentage (%), 2012-2017
Table 6-5: Rationale and Description of South Korea Artificial Turf Market Segmentation by Application Areas (Contact Sports, Non-Contact Sports, Landscaping, Leisure) on the Basis of Revenues in KRW Billion, 2012-2017
Table 6-6: South Korea Artificial Turf Market Segmentation by Application Areas (Contact Sports, Non-Contact Sports, Landscaping and Leisure) in terms of Revenue in KRW Billion, 2012-2017
Table 6-7: Rationale and Description of South Korea Artificial Turf Market Segmentation by Contact Sports (Soccer, Field Hockey, Baseball and Others(Handball, Rugby)) on the Basis of Revenues, 2017
Table 6-8: Cost Comparison between Natural Grass and Artificial Grass Pitch in South Korea Artificial Turf Market in USD, 2017
Table 6-9: Three Main Components to an Artificial Turf System for Sports Fields
Table 6-10: Steps in the Installation Process of an Artificial Grass Pitch in South Korea Artificial Turf Market
Table 6-11: Maintenance Activities for an Artificial Turf Pitch, 2017
Table 6-12: Annual Maintenance Charges for an Artificial Turf Pitch in USD, 2017
Table 6-13: Selection Parameters for an Artificial Turf Sports Field
Table 6-14: Process and Major Components used in the Installation of Artificial Turf for Landscaping and Leisure Application
Table 6-15: Steps in the Installation Process
Table 6-16: Principal Activities in the Maintenance Process Including General Maintenance, Prohibitions, Vehicle Usage and Maintaining Uniformity of Infill
Table 6-17: Other Factors Affecting Time for Installation
Table 6-18: Selection Parameters for Landscape/ Leisure
Table 6-19: Case Analysis on the Installation of Artificial Turf in School Playgrounds
Table 6-20: Rationale and Description of South Korea Artificial Turf Market Segmentation by Sector (Domestic Sales and Exports) on the Basis of Revenue in KRW billion, 2017
Table 6-21: South Korea Artificial Turf Market Segmentation by Domestic and Export Sales in terms of Revenue in KRW Billion, 2012-2017
Table 6-22: Rationale and Description of South Korea Artificial Turf Market Segmentation by Sector (Organized and Unorganized Sector) on the Basis of Revenue in KRW billion, 2017
Table 6-23: Cross Comparison of the Organized and Unorganized Sectors on the Basis of Major Companies, Marketing Techniques, Estimated Number of Players, Major End Users and others, 2018
Table 7-1: Rationale and Description for South Korea Artificial Turf Exports by Value and Volume, 2012-2017
Table 7-2: Export Scenario of South Korea Artificial Turf Market by Major Destinations on the Basis of Value in USD Thousands, 2012-2017
Table 7-3: Export Scenario of South Korea Artificial Turf Market by Major Destinations on the Basis of Volume in Tons, 2012-2017
Table 7-4: Rationale and Description for South Korea Artificial Turf Imports by Value and Volume, 2012-2017
Table 7-5: Import Scenario of South Korea Artificial Turf Market by Major Sources on the Basis of Value in USD Thousands, 2012-2017
Table 7-6: Import Scenario of South Korea Artificial Turf Market by Major Trade Destinations on the Basis of Volume in Tons, 2012-2017
Table 10-1: SWOT Analysis for South Korea Artificial Turf Market
Table 11-1: Charges involved in the Purchase, Installation and Maintenance of Artificial Turf
Table 12-1: General Regulations in South Korea Artificial Turf Market
Table 12-2: Environmental Items Taken into Consideration in the Life Cycle Stages of Components of Artificial Turf and Artificial Turf
Table 12-3: Quality Standards of Artificial Turf Filler
Table 13-1: Competitive Overview in the South Korean Artificial Turf Market Including Competition Stage, Competitive Strategies, Major Players and Parameters of Competition, 2017
Table 13-2: Directory of Major Artificial Turf Producing Companies in South Korea Including Company Name, Address and Contact Details, 2017
Table 13-3: Strengths and Weaknesses of Major Companies (Kolon Glotech, Entoutcas, and FieldMaster) Operating in South Korean Artificial Turf Market
Table 14-1: Company Profile of Kolon Glotech South Korea Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services, 2017
Table 14-2: Major Projects Handled By Kolon Glotech
Table 14-3: Revenue for PP Fiber and Artificial Turf for Kolon Glotech in KRW, 2013-2017
Table 14-4: Price Fluctuations for Artificial Turf and Raw Materials per Square Meter for Kolon Glotech in KRW, 2015-2017
Table 14-5: Company Profile of Entoutcas South Korea Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services, 2017
Table 14-6: Company Profile of K&B Junwoo South Korea Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services, 2017
Table 14-7: Company Profile of DaeWon Green (DWG) South Korea Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services, 2017
Table 14-8: Company Profile of FieldMaster South Korea Including Company Overview, Product Categories, Geographical Presence, Business Strategies, Recent Developments, Future Plans, Target Markets, Certifications and Patents, 2017
Table 14-9: Other Players in the South Korea Artificial Turf Market Including GST Global, Benoh, ECSF Turf and FieldTurf, 2017
Table 15-1: South Korea Artificial Turf Market Future Outlook on the Basis of Revenues, 2018-2022
Table 15-2: Future Projections for South Korea Artificial Turf Market by Product Type (Polyethylene (PE), Polypropylene (PP), Nylon/ Polyamide and Blended (double structured-Nylon+PE)) on the Basis of Revenues, 2018-2022
Table 15-3: Future Projections for South Korea Artificial Turf Market by Product Type (Polyethylene (PE), Polypropylene (PP), Nylon/ Polyamide and Blended (double structured-Nylon+PE)) on the Basis of Revenues in KRW Billion, 2018-2022
Table 15-4: Future Projections of South Korea Artificial Turf Market by Application Areas on the Basis of Revenues, 2022
Table 15-5: Future Projections of South Korea Artificial Turf Market Segmentation by Application Areas (Contact Sports, Non-Contact Sports, Landscaping and Leisure) in terms of Revenue in KRW Billion, 2018-2022
Table 16-1: Analyst Recommendations for South Korea Artificial Turf Market
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