Ultra High Molecular Weight Polyethylene Rope Market

Report Description

Ultra high molecular weight polyethylene ropes provide high level of security and protection for the mooring of tanker vessels. UHMWPE ropes are smaller in volume, which makes them suitable for storage and handling. This rope does not allow chemical interaction and attack in marine and industrial applications, aquaculture, and commercial fishing, and it can be the ideal substitute for wire and steel in mooring lines of tanker vessels. Moreover, UHMWPE ropes have anti-microbial and moisture-resistant properties, which make them suitable for use in cables, sails, and rigging in yachting and lifting slings.

Key players in the market are adopting various business strategies such as new product development, in order to expand their product portfolio and strengthen their market presence at the global level.

Market Dynamics

Among product type, the 8 strands segment is expected to be the fastest growing in the market over the forecast period, as it is used in various applications such as military & aviation, mining, and others. Rising demand for UHMWPE ropes from the mining industry is expected to boost the 8 strands segment growth in the Ultra high molecular weight polyethylene ropes market during the forecast period.

Among application, the oil & gas segment is expected to account for the largest market share over the forecast period, owing to increasing oil & gas production across the globe. According to U.S. energy information administration on March 7, 2023. U.S. crude oil production in our forecast averages 11.7 million b/d in 2022 and 12.4 million b/d in 2023, which would surpass the record high set in 2019. U.S. retail gasoline prices in our forecast average $3.80 per gallon (gal) in 4Q22 and $3.57/gal in 2023. Retail diesel prices average $4.86/gal in 4Q22 and $4.29/gal in 2023.

Asia Pacific is expected to be the fastest-growing region in the market over the forecast period. Rapid growth in the aviation industry is expected to drive the growth of the ultra-high molecular weight polyethylene rope market in emerging economies such as India and China. For instance, according to India Brand Equity Foundation (IBEF), the Indian airline travel market was estimated at ~US$ 20 billion and is projected to double in size by FY27 due to improving airport infrastructure and growing access to passports. The Indian hotel market including domestic, inbound, and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27, driven by the surging demand from travelers and sustained efforts of travel agents to boost the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global ultra high molecular weight polyethylene (UHMWPE) rope market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 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, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ultra high molecular weight polyethylene (UHMWPE) 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 Marlow Ropes Ltd., Yangzhou Hyropes Co., Ltd., Taizhou Hongda Rope&Net Co., Ltd., Katradis Marine Ropes Ind. S.A., Samson Rope Technologies, Inc., Southern Ropes, Dynamica Ropes ApS, Cortland Limited, Teufelberger Holding AG, and Yale Cordage Inc.
• Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
• The global ultra high molecular weight polyethylene (UHMWPE) rope market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ultra high molecular weight polyethylene (UHMWPE) rope market

Detailed Segmentation:

• Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market, By Product Type:
  • 3 Strands
  • 8 Strands
  • 12 Strands
• Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market, By Application:
  • Oil & Gas
  • Construction
  • Marine
  • Military & Aviation
  • Mining
  • Others
• Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa
• Company Profiles
  • Marlow Ropes Ltd.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Yangzhou Hyropes Co., Ltd.
  • Nestlé S.A.
  • Taizhou Hongda Rope&Net Co., Ltd
  • Katradis Marine Ropes Ind. S.A.
  • Samson Rope Technologies, Inc.
  • Southern Ropes
  • Dynamica Ropes ApS
  • Cortland Limited
  • Teufelberger Holding AG
  • Yale Cordage, Inc.

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