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

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  • 146 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912238

Quick Summary:

In the dynamic and ever-evolving synthetic rope market, businesses require comprehensive insights to navigate the complexities of an industry where durability, flexibility, and technological advancement are key. Our meticulously crafted market research report provides a panoramic view of the synthetic rope landscape, tailored to empower senior executives with strategic knowledge.

Unleash the potential of synthetic ropes across diverse industries with a deep dive into our analytical report that identifies critical market trends, segmentation, and competitive dynamics. As the pursuit of efficiency and productivity becomes increasingly paramount, synthetic ropes are emerging as essential tools in marine, oil and gas, sports, and construction sectors. Their inherent advantages make them indispensable for future-forward business operations. Explore the breakdown of this growing market by raw material, distribution channel, and end-user to fully understand the opportunities that lie ahead for your business.

The global synthetic rope market size reached US$ 1.76 Billion in 2022. Looking forward, the market is expected to reach US$ 2.46 Billion by 2028, exhibiting a growth rate (CAGR) of 5.70% during 2022-2028.

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.

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

This research 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. The report has categorized the market based on raw material, distribution channel and end user.

Breakup by Raw Material:

  • 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

Breakup by Region:

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

Key Questions Answered in This Report

1. How big is the global synthetic rope market?
2. What is the expected growth rate of the global synthetic rope market during 2023-2028?
3. What are the key factors driving the global synthetic rope market?
4. What has been the impact of COVID-19 on the global synthetic rope market?
5. What is the breakup of the global synthetic rope market based on the raw material?
6. What is the breakup of the global synthetic rope market based on the distribution channel?
7. What is the breakup of the global synthetic rope market based on the end user?
8. What are the key regions in the global synthetic rope market?
9. Who are the key players/companies in the global synthetic rope market?
Frequently Asked Questions about the Global Synthetic Rope Market

What is the estimated value of the Global Synthetic Rope Market?

The Global Synthetic Rope Market was estimated to be valued at $1.76 Billion in 2022.

What is the growth rate of the Global Synthetic Rope Market?

The growth rate of the Global Synthetic Rope Market is 5.7%, with an estimated value of $2.46 Billion by 2028.

What is the forecasted size of the Global Synthetic Rope Market?

The Global Synthetic Rope Market is estimated to be worth $2.46 Billion by 2028.

Who are the key companies in the Global Synthetic Rope Market?

Key companies in the Global Synthetic Rope Market include Delta US Corporation LLC, Ethos Energy Group Limited (John Wood Group plc), Integrated Equipment, Inc, Jiangsu Sanyi Petroleum Equipment Co. Ltd., JMP Petroleum Technologies Inc., MSP Drilex Inc., Sunnda Corporation, TSC Group Holdings Limited and Uztel S.A..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Synthetic Rope Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Raw Material
6.1 Polypropylene
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyester
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Nylon
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Polyethylene
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Specialty Fibers
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Direct Sales
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Distributors
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Marine and Fishing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Sports and Leisure
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Construction
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Atlantic Braids Ltd. Company Overview Product Portfolio
14.3.2 Bexco nv-sa Company Overview Product Portfolio
14.3.3 Bridon-Bekaert Ropes Group Company Overview Product Portfolio Financials
14.3.4 Cortland Limited (Enerpac Tool Group) Company Overview Product Portfolio
14.3.5 English Braids Limited Company Overview Product Portfolio
14.3.6 Koninklijke DSM N.V. Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 LANEX a. s. Company Overview Product Portfolio
14.3.8 Samson Rope Technologies Company Overview Product Portfolio
14.3.9 Southern Ropes Company Overview Product Portfolio
14.3.10 Teufelberger Company Overview Product Portfolio
14.3.11 WireCo WorldGroup Company Overview Product Portfolio
14.3.12 Yale Cordage Company Overview Product Portfolio

Companies Mentioned

  • 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
  • Yale Cordage