COVID Impact on Global Synthetic Rope Market: Ken Research

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Synthetic rope is a bunch of soft synthetic fibers that are woven or twisted together to increase its length and tensile strength. They are made of synthetic fibers including nylon, polyethylene, polyester, and polypropylene among others. They are generally manufactured using different types of fibers for instance staple fibers or fiber films and multifilament etc. Some useful properties of these types of ropes are high strength, light-weight, and durability and corrosion resistance. Owing to these special characteristics of synthetic ropes, they are more popular than steel ropes.

Recent Highlights in Global Synthetic Rope Market

 In January 2019, Samson Rope Technologies, a global market leader in synthetic ropes headquartered in Washington, U.S., introduced its synthetic ropes product line. This product line includes three double braid running rigging lines manufactured for marine applications- XLS3, MLX3, and the elite racer GPX.

Global Synthetic Rope Market: Key Players

Samson Rope Technologies Inc

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Teufelberger Holding AG,

Unirope Ltd.,

WireCo World Group Inc.,

Touwfabriek Langman BV,

Dong Yang Rope Mfg. Co., Ltd.,

Cortland Limited,

Yale Cordage Inc.,

Bexco NV-SA

Bridon International Limited,

Marlow Ropes

Other Prominent Players

Based on material type, synthetic rope market can be bifurcated as specialty fiber, nylon, polyester, polyethylene and polypropylene. Specialty fibers include different fibers such as acrylic & modacrylic, acetate & triacetate, aramid & polyimide, fluoropolymer, elastomeric, polybenzimidazole (PBI), polyphenylene sulfide (PPS), rayon, poly-p-phenylenebenzobisoxazole (PBO), styrene acrylonitrile (SAN), and polyvinyl chloride (PVC). Polyester segment dominates the global market due to its benefits such as UV resistance, light weight nature, chemical resistance, abrasion resistance, and water resistance. In addition, based on application, market can be bifurcated as cranes, oil & gas, marine & fishing, sports & leisure, construction and others. Cranes segment is predicted to exhibit substantial growth rate owing to increase in development of high performance ropes for lifting the mobile crane.

Rise in utilization of synthetic rope in oil & gas extraction activities, followed by safety aspects of synthetic ropes, growth in seaborne trade & increase in size of cargo, rise in consumption & demand for fish product, increase in awareness about the light weight of synthetic ropes and high strength & light weight of synthetic ropes are major factors, which are responsible for growth of the synthetic rope market. Apart from this, high cost of raw materials & frequent preventive maintenance may impact the market. Moreover, better alternative to steel wire ropes and advancement in synthetic rope manufacturing are leading opportunities for market.

Based on regional analysis, the North-America is a leading region in global synthetic rope market owing to significant growth of end-user industries such as shipping & fishing industry and construction industry across the region. The Europe and Asia-Pacific regions are anticipated to witness higher growth rate due to growth in construction industry coupled with increase in marine offshore anchoring activities over the forecast period. It is predicted that future of the global synthetic rope market will be bright as a result of rise in aquaculture production, fishing activities, and offshore activities during the forecast period.

Global Synthetic Rope market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Synthetic Rope market report also contains analysis on:

Synthetic Rope market Segments:

By Material Type

Polypropylene

Polyester

Nylon

Polyethylene

Specialty Fiber

By Application

Marine & Fishing

Oil & Gas

Construction

Cranes

Sports & Leisure

Others

Global Synthetic Rope market Dynamics

Global Synthetic Rope market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

For More Information on the Research Report, refer to below links: -

Global Synthetic Rope Market Growth Rate

Related Report:-

Synthetic Fibers Market Research Report by Type (Polyester, Nylon, Polyolefin, and Others), Application (Clothing, Home Furnishing, Automotive, and Others), and Region (North America, APAC, Europe, RoW)-Global Forecast to 2023

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