The global synthetic rope market size is anticipated to reach
USD 1.2 billion by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 6.1% over the forecast period. Growing awareness
regarding diverse application of this product is anticipated to drive the
market over the forecast period. Increasing application of these products
replacing steel ropes across various industries is expected to fuel the product
demand over the forecast period.
Demand generated by industrial activities has
boosted the application of synthetic rope owing to prominent availability of
synthetic fibers. These are used in the pulley system in order to create mechanical
advantage to effectively spread the weight of loads. Therefore, these are
widely used in the construction industry in order to weigh down loads and
materials. In addition, it is used for the purpose of transportation of items
to different sites of working such as scaffolding.
The industry faces a revolution of changes
with adoption of synthetic ropes. The synthetic rope market is also witnessing
replacement of traditional materials such as steel wire and nylon. In addition,
wide application of these products in the maritime industry provides benefits
in industrial operations. Rising displacement of hard fiber ropes with
synthetic ones has advanced at a rapid scale in developed countries owing to
the commercial utilization of polyolefins fiber. The product also finds its
application in cranes on account of properties such as bend fatigue durability,
high strength-to-weight ratio, and robust spooling capabilities.
In terms of product, polypropylene dominated
the global market in 2018. These ropes have a large application base in the
marine and shipment industries owing to sturdy construction and strong raw
material. It is widely used in boats, pulleys and winches, and general
fastening and securing. It also exhibits floating properties, and since it is easily
able to be retrieved from water surface, it is an obvious choice of ropes used
around water. Therefore, polypropylene is expected to gain a major share in the
coming years owing to its vast usage in the forecast period.
The marine and fishing industry emerged as the
largest application segment in the market and held a share of 37.7% in 2018.
These are used in the fishing industry as fishing nets, twines, and others.
These are used in trawling applications on account of better resistance to
abrasion, high breaking strength, and high strength-to-weight ratio. Synthetic
ropes are widely used in marine, fishing, and shipment industries on account of
its lightweight properties, reduction in knocking up and preparing for
downtime, easy handling, floatable, and avoidance of re-lubing. These products
assist with great insulation capacity, provides resistance in chemically
affected environment, and prevents any absorption.
For full research report on Synthetic
Rope Market visit here:
https://www.grandviewresearch.com/industry-analysis/synthetic-rope-market
Further key
findings from the report suggest:
- By product, nylon is expected to expand at a
CAGR of 6.6% from 2019 to 2025
- The marine and fishing industry application
segment was valued at USD 293.1 million in 2018
- Top players operating in the synthetic rope
market include WireCo WorldGroup; Cortland Limited; Bridon-Bekaert;
Southern Ropes; MAGENTO, INC.; Marlow Ropes; TEUFELBERGER; and Yale
Cordage.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/synthetic-rope-market/request/rs1
Grand
View Research has segmented the global synthetic rope market by product,
application, and region:
Synthetic
Rope Product Outlook
(Revenue, USD Million, 2015 - 2025)
- Polypropylene
- Polyester
- Nylon
- Polyethylene
- Specialty Fibers
Synthetic
Rope Application
Outlook (Revenue, USD Million, 2015 - 2025)
- Marine & Fishing
Industry
- Oil & Gas
Industry
- Industrial
Construction
- Others
Synthetic
Rope Regional Outlook
(Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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