Synthetic Ropes Market

Synthetic fibers are man-made fibers, which include nylon, polyester, polypropylene, or high-performance fibers such as high modulus polyethylene (HMPE). They are used in the manufacturing of synthetic ropes to suit different applications in end-use industries such as oil & gas, mining, and construction, as well as in fishing. They are also used as mooring ropes in ocean liners. End users prefer synthetic ropes over wired ropes, owing to the benefits offered by synthetic ropes, such as superior flexibility, high strength, and lightweight.

Market Dynamics

Increasing demand for synthetic ropes from end-use industries such as oil & gas and marine across the globe is expected to fuel the growth of the global synthetic ropes market over the forecast period. This is also attributed to the properties they offer, such as high strength, heat & wear resistance, and better grip while handling. In the oil & gas industry, synthetic ropes are used in anchor lines, drilling lines, tubing lines, and marine riser tensioner lines. Increasing oil & gas exploration activities across the globe is expected to drive the growth of the synthetic ropes market over the forecast period. For instance, according to the International Energy Agency, in 2021, the global oil demand was pegged at 5.5 mb/d (million barrels per day), which increased to 3.3 mb/d by the end of 2017. Therefore, growing the demand from oil & gas industry is expected to facilitate the production of synthetic ropes and drive the global synthetic ropes market growth over the forecast period.

Moreover, Europe held a significant market share in the global synthetic ropes market in 2021, owing to the growth of transportation and logistics industry in the region. Increasing marine and fishing business across European countries is anticipated to result in increased demand for synthetic ropes over the forecast period. Moreover, products pertaining to high tensile strength as well as longer durability have managed to replace steel wires in many forms and applications. Therefore, synthetic ropes are a prime choice in the construction, marine, and oil and gas industries.

Key features of the study:

• This report provides an in-depth analysis of global synthetic rope market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global synthetic rope market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• 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
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global synthetic rope market report caters to various stakeholders in this industry, including investors, suppliers, synthetic rope manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic rope market

Detailed Segmentation:

• Global Synthetic Rope Market, By Material Type:
  • Polyethylene
  • Polypropylene
  • Polyester
  • Nylon
  • UHMWPE
  • Aramids
  • Specialty Fiber
• Global Synthetic Rope Market, By End-Use Industry:
  • Oil & Gas
  • Transportation & Logistics
  • Mining
  • Construction
  • Marine
  • Defense
  • Others (Sports and Others)
• Global Synthetic Rope Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Lanex AS
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • 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.
  •  Bexco NV-SA

“*” marked represents similar segmentation in other categories in the respective section