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

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?