PUBLISHER: IMARC | PRODUCT CODE: 1390630
PUBLISHER: IMARC | PRODUCT CODE: 1390630
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 5.70% 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 decor, 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.
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.
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.
Polypropylene
Polyester
Nylon
Polyethylene
Specialty Fibers
Direct Sales
Distributors
Marine and Fishing
Oil and Gas
Sports and Leisure
Construction
Others
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
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.