Synthetic Rope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Synthetic Rope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4429
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Market Overview:

The global synthetic rope market size reached US$ 1,763.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,459.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.62% during 2023-2028.

Synthetic ropes are made from artificial chemicals and strong fibers, such as nylon, polyester, polypropylene, or high modulus polyethylene (HMPE). They offer several advantages, including durability, flexibility, versatility, and wear resistance. Moreover, they are resistant to rot, mold, mildew, and abrasion and can withstand frequent friction, thereby making them suitable for utilization in coastal areas for boats. They are also utilized in décor, water sports, fishing, party tent lines, outdoor railings, and swimming pool lanes. At present, they are gaining traction in drilling and mining over steel ropes worldwide.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Synthetic Rope Market Trends:

The growing awareness among individuals about the health benefits of consuming seafood, which include promoting heart health and easing the symptoms of arthritis, is positively influencing its sales across the globe. This represents one of the key factors catalyzing the demand for synthetic ropes in the aquaculture sector. Moreover, due to the rising global population and subsequently growing food security concerns, governing agencies of numerous countries are adopting various strategies to enhance the efficiency and productivity in the aquaculture sector. This, in turn, is strengthening the growth of the market. Apart from this, the surging energy need and rising number of offshore oil production sites are resulting in the increasing employment of synthetic ropes in the oil and gas industry. Furthermore, the growing use of mining materials in the construction industry is driving the demand for synthetic ropes around the world. Besides this, the leading market players are offering advanced products with high performance, reduced pulley wear, and increased abrasion resistance to maximize fleet efficiency and productivity. This is projected to impel market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global synthetic rope market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material, distribution channel and end user.

Breakup by Raw Material:

 

 
 

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  • Polypropylene
  • Polyester
  • Nylon
  • Polyethylene
  • Specialty Fibers
     

Breakup by Distribution Channel:

  • Direct Sales
  • Distributors
     

Breakup by End User:

  • Marine and Fishing
  • Oil and Gas
  • Sports and Leisure
  • Construction
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlantic Braids Ltd., Bexco nv-sa, Bridon-Bekaert Ropes Group, Cortland Limited (Enerpac Tool Group), English Braids Limited, Koninklijke DSM N.V., LANEX a. s., Samson Rope Technologies, Southern Ropes, Teufelberger, WireCo WorldGroup and Yale Cordage.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Raw Material, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Atlantic Braids Ltd., Bexco nv-sa, Bridon-Bekaert Ropes Group, Cortland Limited (Enerpac Tool Group), English Braids Limited, Koninklijke DSM N.V., LANEX a. s., Samson Rope Technologies, Southern Ropes, Teufelberger, WireCo WorldGroup and Yale Cordage
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global synthetic rope market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global synthetic rope market?
  • What are the key regional markets?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global synthetic rope market and who are the key players?
  • What is the degree of competition in the industry?

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Synthetic Rope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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