Synthetic Ropes Market, By Type, By End-Use Industry (Oil & Gas, Transportation & Logistics, Mining, Construction, Marine, Defense, and Others ), By Geography

Description

The synthetic ropes market is estimated to be valued at USD 2.00 Bn in 2024 and is expected to reach USD 2.97 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.00 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.80%	2031 Value Projection:	US$ 2.97 Bn

Figure. Synthetic Ropes Market Share (%), By Region 2024

Synthetic ropes find widespread applications in various sectors such as marine, oil and gas, construction, and sports due to their advantageous properties over natural fiber ropes. Made using ultra-high molecular weight polyethylene or polypropylene, synthetic ropes are extremely strong yet lightweight. They exhibit high resistance to corrosion and rotting and retain most of their strength even after prolonged exposure to water and harsh weather conditions. Due to their long service life, synthetic ropes prove more cost effective than alternative natural fiber ropes which require frequent replacement. Rising offshore exploration and construction activities have propelled the demand for high-performance ropes made using synthetic fibers.

Market Dynamics:

The global synthetic ropes market is primarily driven by robust growth of the shipping and marine sector. Increasing seaborne trade volume and expansion of port infrastructure across developing regions have significantly boosted the demand for synthetic mooring and towing ropes used in ships and offshore vessels. Rising hydrocarbon exploration and production in deepwater and ultra-deepwater reserves also fuels the consumption of synthetic ropes for drilling and workover rig operations. Their advantages over steel wires such as low specific gravity and flexibility make them attractive for deepwater applications. Additionally, rapid infrastructural development and industrialization along with growing utilization of synthetic fiber ropes in various construction activities are supporting the market growth. However, availability of cost-effective bio-based substitutes may hamper the demand to a certain extent. Ongoing R&D towards the development of enhanced polyethylene and polypropylene formulations with improved mechanical performance provides new opportunities in the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global synthetic ropes market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global synthetic ropes market based on the following parameters, company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Lanex AS, Samson Rope Technologies Inc., Teufelberger Holding AG, Unirope Ltd., WireCo WorldGroup Inc., Touwfabriek Langman BV, Dong Yang Rope Mfg. Co. Ltd., Cortland Limited, Yale Cordage Inc., and Bexco NV-SA, Sunrise Tarpaulin, Bekaert , Maruti Ropes, Horizon Cable, Tufropes, Marlow Ropes Ltd., All-ways Rigging Gear, and Murphy Industrial Products Inc
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global synthetic ropes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic ropes market

Detailed Segmentation-

By Material Type:
- Polyethylene
- Polypropylene
- Polyester
- Nylon
- Aramids
- Others
By End-Use Industry:
- Oil & Gas
- Transportation & Logistics
- Mining
- Construction
- Marine
- Defense
- Others (Sports and Others)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Lanex AS
- Samson Rope Technologies Inc.
- Teufelberger Holding AG
- Unirope Ltd.
- WireCo WorldGroup Inc.
- Touwfabriek Langman BV
- Dong Yang Rope Mfg. Co. Ltd.
- Cortland Limited
- Yale Cordage Inc.
- and Bexco NV-SA
- Sunrise Tarpaulin
- Bekaert
- Maruti Ropes
- Horizon Cable
- Tufropes
- Marlow Ropes Ltd.
- All-ways Rigging Gear
- Murphy Industrial Products Inc

Product Code: CMI316

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By End-Use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Synthetic Ropes Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Synthetic Ropes Market
Impact Analysis

5. Global Synthetic Ropes Market, By Material Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Polyethylene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polypropylene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Nylon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Aramids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Synthetic Ropes Market, By End-Use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Transportation & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others (Sports and Others)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Synthetic Ropes Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Material Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Material Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By End-Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Material Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Material Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Material Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Lanex AS
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Samson Rope Technologies Inc.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Teufelberger Holding AG
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Unirope Ltd.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- WireCo WorldGroup Inc.
- Touwfabriek Langman BV
- Dong Yang Rope Mfg. Co. Ltd.
- Cortland Limited
- Yale Cordage Inc.
- and Bexco NV-SA
- Sunrise Tarpaulin
- Bekaert
- Maruti Ropes
- Horizon Cable
- Tufropes
- Marlow Ropes Ltd.
- All-ways Rigging Gear
- Murphy Industrial Products Inc

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Synthetic Ropes Market" - Global forecast to 2031.