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Ultra high molecular weight polyethylene rope market

Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market, By Product Type (3 Strands, 8 Strands, 12 Strands), By Application (Oil & Gas, Construction, Marine, Military & Aviation, Mining, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

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  • May 2023
  • CMI3088
  • 140 Pages
  • Excel & Pdf
  • Polymers and Resins

The global ultra-high molecular weight polyethylene (UHMWPE) rope market was valued at US$ 225.7 million in 2022 and is expected to register a CAGR of 8.89% in terms of revenue over the forecast period (2023– 2030).

Ultra high molecular weight polyethylene (UHMWPE) rope is an extremely tough plastic with high friction and abrasion resistance. UHMWPE ropes are three times stronger than polyester and 7-9 times stronger than steel of equal weight. Ultra high molecular weight polyethylene (UHMWPE) ropes are majorly used in industries such as marine, oil & gas, and aerospace for efficient and safe lifting and dragging of heavy loads. The market is projected to reach US$ 368.2 million by the end of 2030. Over the forecast period, owing to benefits offered by UHMWPE rope such as its lightweight, high strength & durability, and its floating ability on water.

Driver:

Emerging applications such as sports and leisure activities:

Emerging applications such as sports and leisure activities where global ultra-high molecular weight polyethylene (UHMWPE) rope market ropes are used are expected to create growth opportunities for players operating in the global ultra-high molecular weight polyethylene (UHMWPE) rope market over the forecast period. UHMWPE ropes intended for applications in sports & leisure activities and in the healthcare industry are being developed by key players, in order to expand their product portfolio and strengthen their consumer base. For instance, USA Rope and Recovery LLC, a manufacturer of synthetic ropes headquartered in Pennsylvania, U.S., offers UHMWPE fiber string, line, and rope with high durability for medical as well as sports applications, such as bowstrings and suspension lines on parachutes and paragliding equipment. UHMWPE ropes can be used in sports applications, owing to the benefits such as wear resistance and impact resistance. These ropes can also be used in the healthcare industry, as it is chemically inert and also biocompatible.

Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 225.7 Mn
Historical Data for: 2017-2021 Estimated Year: 2023
Forecast Period 2023 to 2030 CAGR: 8.89% Forecast Period: 2023-2030
Geographies covered:
  • By Region: North America, Latin America, Europe, Middle East, Africa, Asia Pacific
Segments covered:
  • By Product Type: 3 Strands, 8 Strands, 12 Strands
  • By Application: Oil & Gas, Construction, Marine, Military & Aviation, Mining, Others
Companies covered:

Major players operating in the global ultra-high molecular weight polyethylene (UHMWPE) rope market 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.
Growth Drivers:
  • Emerging applications such as sports and leisure activities
  • Gaining popularity of ropes in the aerospace industry
Restraints & Challenges:
  • Availability of alternatives

Gaining popularity of ropes in the aerospace industry:

These ropes are gaining popularity in the aerospace industry, owing to the physical and chemical properties of ultra-high molecular weight polyethylene ropes such as high resistance to chemicals, water, and ultraviolet light, high strength, corrosion resistance, resistance to abrasion, flexible, light-weight, and high safety performance. Therefore, the growth of the aerospace industry is expected to drive the global ultra-high molecular weight polyethylene (UHMWPE) rope market growth over the forecast period. For instance, according to the U.S. Department of Transportation, Federal Aviation Administration the From FY 2021-2025, average annual growth rates for ASM (Available Seat Mile) and RPM (Revenue Passenger Mile) are projected to be just over 16% while enplanements are forecast to grow at 19%. From FY 2025-2041, annual growth for ASM and RPM is forecast at 3.0% while enplanements will grow at a rate of 3.1%. Taking these two periods as a whole gives annual growth rates from FY 2021-2041 for ASM, RPM, and enplanements of 6.0, 6.6, and 6.1%, respectively.

Restraint:

Availability of alternatives:

The availability of alternatives such as polyester and polypropylene is expected to restrain the growth of the global global ultra-high molecular weight polyethylene (UHMWPE) rope market. Key players in the global market are focused on producing ropes made from other materials. For instance, on March 25, 2023, Verlinde is a construction Equipment Supplier launched a new range of synthetic rope electric hoists. Verlinde EUROBLOC VF synthetic rope electric hoists are available in 3 models according to the load supported. By promoting ultra-high molecular weight polyethylene (UHMWPE) rope can counter this restraint.

Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market- Impact of Coronavirus (Covid-19) Pandemic

Figure 1. Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market Share (%), By Region, 2022

North America accounted for the largest market share of around 35% in 2022. Key players are focusing on adopting inorganic growth strategies such as mergers and acquisitions, and partnerships, in order to strengthen their position in the North America ultra-high molecular weight polyethylene rope market.

Figure 2. Global Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market Share (%), By Application, 2022

Among application, the oil & gas segment held a significant market share of 30% in the global ultra-high molecular weight polyethylene (UHMWPE) rope market in 2022. Traditional steel wires used in the oil & gas industry are reliable & strong, however, they are heavy, hard to handle, and potentially dangerous. Ultra high molecular weight polyethylene ropes are much stronger than steel wire and facilitate safer, faster, easier, and accurate operations in the oil & gas industry. Therefore, demand for ultra-high molecular weight polyethylene ropes in oil & gas applications is expected to increase during the forecast period.

Recent Development:

On January 31, 2023-Ropes & gray advises GI partners in Acquisition of atlas technical consultants for US $1.05 Billion

On November 10, Cortland, a vertically integrated, multifamily real estate investment, development, and management company.

On January 32, 2023-Aimia Inc., a holding company focused on long-term global investments, has announced that it has signed definitive agreements to acquire all of the issued and outstanding shares of Tufropes Pvt Ltd. is a leading global manufacturer of high-performance synthetic fiber ropes as well as certain business undertakings of India Nets. Aimia will pay a purchase price of $249.6 million.

On April 6, 2022-Teufelberger roup is a diversified, international group successfully specializing in fiber ropes, steel wire ropes and strapping. Is took over the Polish competitor Maillis plastics solutions. It allows them to focus on our existing market position in Europe, especially in demanding applications for strapping such as cans, building materials, fibres, packaging and logistics.

Major Players:

Major players operating in the global ultra-high molecular weight polyethylene (UHMWPE) rope market 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Ultra High Molecular Weight Polyethylene Rope Market, By Product Type, 2017-2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • 3 Strands
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • 8 Strands  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • 12 Strands
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  5. Global Ultra High Molecular Weight Polyethylene Rope Market, By Application, 2017-2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • Oil & Gas   
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Construction   
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Marine  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Military & Aviation  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Mining 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  6. Global Ultra High Molecular Weight Polyethylene Rope Market, By Region, 2017-2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Region, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017-2030
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017-2030
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017-2030
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017-2030
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
    • Middle East
      • Market Share Analysis, By Country, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017-2030
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
    • Africa
      • Market Share Analysis, By Country/Region, 2023 and 2030(%)
      • Y-o-Y Growth Analysis, By Country/Region, 2017-2030
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017-2030  (US$ Mn)
          • Market Size and Forecast, By Application, 2017-2030  (US$ Mn)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Marlow Ropes Ltd    
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Yangzhou Hyropes Co., Ltd     
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Taizhou Hongda Rope&Net Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Katradis Marine Ropes Ind. S.A.    
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Samson Rope Technologies, Inc    
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Southern Ropes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dynamica Ropes ApS  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cortland Limited      
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Teufelberger Holding AG  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Yale Cordage, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 24 market data tables* and 19 figures* on "Ultra High Molecular Weight Polyethylene Rope Market” - Global forecast to 2030.

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.
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Canada
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Germany
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Italy
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • France
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Russia
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Rest of Europe
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • India
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Japan
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • ASEAN
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Australia
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • South Korea
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Argentina
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Mexico
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Rest of Latin America
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Israel
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Rest of Middle East
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
    • Africa
      • Northern Africa
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • Central Africa
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
      • South Africa
        • By Product Type:
          • 3 Strands
          • 8 Strands
          • 12 Strands
        • By Application:
          • Oil & Gas
          • Construction
          • Marine
          • Militray & Aviation
          • Mining
          • Others
- Frequently Asked Questions -

What are the growth estimates for ultra-high molecular weight polyethylene rope market till 2030?

The global ultra-high molecular weight polyethylene rope market is estimated to surpass US$ 368.2 Million by 2030

Which are the prominent market players across the globe?

Major players operating in the market 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.

What are the key factors hampering the market growth?

The availability of alternatives is the key factor hampering the market growth.

What are the key factors driving growth of the market?

Emerging applications such as sports and leisure activities and gaining popularity of ropes in the aerospace industry are the key factors driving the growth of the market.

What is the compound annual growth rate (CAGR) of the market for next 8 years?

The compound annual growth rate (CAGR) of the market for next 8 years 8.89%

Which region held the largest market share in the market?

North America region held the largest market share in the market.
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