Synthetic Rope Market Size, Share & Trends Analysis Report By Type (Polypropylene, Polyester, Nylon, PE, Specialty Fibers), By Application (Marine & Fishing, Oil & Gas, Industrial Construction), By Region, And Segment Forecasts, 2024

Description

Synthetic Rope Market Growth & Trends:

The global synthetic rope market size is expected to reach USD 1.80 billion by 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. 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 2023. 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. 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.

Synthetic Rope Market Report Highlights:

By product, nylon is anticipated to witness the fastest CAGR during the forecast period. Their flexibility and elasticity contribute to their ability to absorb shocks and vibrations, making them suitable for various tasks, including industrial, construction, marine and oil & gas activity.
The marine and fishing industry application segment dominated the synthetic rope market in 2023. Driven by its lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing.
By application, industrial construction is expected to witness the fastest CAGR during the forecast period in 2023 owing to rising infrastructural developments and advancements in technologies.

Product Code: GVR-3-68038-243-3

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Synthetic Rope Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Synthetic Rope Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Synthetic Rope Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Synthetic Rope Market: Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Polypropylene
- 4.3.1. Polypropylene Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Polyester
- 4.4.1. Polyester House Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Nylon
- 4.5.1. Nylon House Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. PE
- 4.6.1. PE House Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.7. Speciality Fibers
- 4.7.1. Speciality Fibers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Synthetic Rope Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Synthetic Rope Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Marine & Fishing
- 5.3.1. Marine & Fishing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Oil & Gas
- 5.4.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Industrial Construction
- 5.5.1. Industrial Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Synthetic Rope Market: Regional Estimates & Trend Analysis

6.1. Synthetic Rope Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
- 6.2.1. North America Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Europe Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
  - 6.3.4.1. France Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Japan
  - 6.4.2.1. Japan Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. China
  - 6.4.3.1. China Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
  - 6.4.4.1. India Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia & New Zealand
  - 6.4.5.1. Australia & New Zealand Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Latin America
- 6.5.1. Latin America Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. South Africa
  - 6.6.2.1. South Africa Synthetic Rope Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. WireCo WorldGroup
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Cortland Limited
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Bridon-Bekaert
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Southern Ropes
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. MAGENTO, INC.
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Marlow Ropes
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. TEUFELBERGER
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Yale Cordage
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. LANEX a.s.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Katradis Marine Ropes Ind. S.A.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives

Synthetic Rope Market Size, Share & Trends Analysis Report By Type (Polypropylene, Polyester, Nylon, PE, Specialty Fibers), By Application (Marine & Fishing, Oil & Gas, Industrial Construction), By Region, And Segment Forecasts, 2024 - 2030