Reports
Sale
Global Synthetic Rope Market Share, Size, Growth, Analysis, Forecast: By Product Type: Polypropylene, Polyester, Nylon, Polyethylene, Speciality Fibre; By Application: Marine and Fishing, Oil and Gas, Construction, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Synthetic Rope Market Outlook
The global synthetic rope market size reached a value of approximately USD 1,439.33 million in 2023. The market is further expected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 2,473.34 million by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Trends in the Market
Synthetic ropes are ropes manufactured by braiding together one or more different types of synthetic fibre. These ropes are usually made of synthetic fibres such as polypropylene, nylon, polyester, and other materials. Synthetic ropes offer several advantages over traditional ropes made from natural fibres. Moreover, they are capable of maintaining their length and strength even under heavy loads.
- One of the primary factors driving the synthetic rope market growth is the increasing demand from the offshore oil and gas sector. Synthetic ropes offer several advantages over traditional steel ropes, including lower weight, greater flexibility, and resistance to corrosion and abrasion. They also have a longer lifespan than steel ropes, which means they can handle more loads over a longer period of time.
- Another synthetic rope market trend is the increasing demand from the shipping industry. Synthetic ropes are used in mooring and towing applications, where they offer several advantages over steel ropes, including reduced weight, lower cost, and improved safety. They also have a higher tensile strength than steel ropes of the same diameter, allowing ships to use thinner ropes that take up less space on board.
- Various governing agencies in different regions are implementing strategies to enhance the productivity and efficiency of the aquaculture sector due to the rapidly growing global population and rising food security concerns. This will likely enhance the synthetic rope demand for various applications in the aquaculture sector, propelling the market value.
Market Analysis
Based on product type, the market is segmented into polypropylene, polyester, nylon, polyethylene, and speciality fibre. On the basis of application, the market can be divided into marine and fishing, oil ang gas, and construction, among others. The major regions covered in the synthetic rope market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global synthetic rope market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- WireCo WorldGroup Inc
- Bridon-Bekaert the Ropes Group
- Cortland Limited
- Southern Ropes
- Marlow Ropes Ltd
- Teufelberger Holding Aktiengesellschaft
- Katradis Marine Ropes Industry S.A.
- Lanex A.S.
- Yale Cordage
- Others
Market Share by Product Type
Among the different product types, polypropylene is anticipated to hold the largest synthetic rope market share during the forecast period. This type of rope is a tough polymer that is highly resistant to solvents and adhesives. It is made from three-strand yarn, which provides maximum strength and durability. The marine as well as the shipping sector widely utilise it due to its robust construction and strong mechanical property. It is commonly used in boats, winches, pulleys, and general fastening and securing applications.
The rope is also buoyant, making it easy to retrieve from the water surface and serving as a suitable option for use around water. Therefore, the demand for synthetic polypropylene rope is expected to grow significantly in the forecast period, owing to its advantageous properties over traditional ropes.
Market Share by Application
The synthetic rope market demand from the marine and fishing sector has grown significantly. Synthetic ropes are preferred in these industries because they are lightweight, easy to handle, and floatable, which reduces downtime and enhances efficiency. They also provide good insulation and are resistant to chemicals, making them suitable for use in harsh environments. These ropes come in various colours and forms and are used in fishing nets and twines. They are commonly used in trawling applications because of their high strength-to-weight ratio, resistance to abrasion, and high breaking strength.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
WireCo WorldGroup Inc is one of the market leaders in areas including critical wire rope, synthetic rope, synthetic yarns, electromechanical cable, and engineered products. The headquarter of the company is currently located in Kansas, United States. With a focus on research and development, the company is committed to delivering innovative and high-quality products to its customers.
Bridon-Bekaert the Ropes Group is a specialised manufacturer and provider of advanced ropes and cords. The company was formed in 2016 through the merger of Bridon, a UK-based manufacturer of wire and rope solutions, and Bekaert, a Belgian wire technology company. The company’s specialisations include steel wire ropes, synthetic ropes, advanced cords, mission critical rope solutions, and wire ropes, and it also offers installation, maintenance, and monitoring services.
Cortland Limited. is a is a global designer and manufacturer of technologically advanced ropes and custom synthetic ropes, slings, tethers, and strength members, holding an experience of over 40 years. The company has developed solutions to tackle the most challenging environments, helping its clients across sectors like subsea, marine, and energy.
Other synthetic rope market players include Southern Ropes, Marlow Ropes Ltd, Teufelberger Holding Aktiengesellschaft, Katradis Marine Ropes Industry S.A., Lanex A.S., and Yale Cordage, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Synthetic Rope Market Analysis
8.1 Key Industry Highlights
8.2 Global Synthetic Rope Historical Market (2018-2023)
8.3 Global Synthetic Rope Market Forecast (2024-2032)
8.4 Global Synthetic Rope Market by Product Type
8.4.1 Polypropylene
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polyester
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Nylon
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polyethylene
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Speciality Fibre
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Synthetic Rope Market by Application
8.5.1 Marine and Fishing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Oil and Gas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Synthetic Rope Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Synthetic Rope Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Synthetic Rope Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Synthetic Rope Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Synthetic Rope Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Synthetic Rope Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 WireCo WorldGroup
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bridon-Bekaert the Ropes Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cortland Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Southern Ropes
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Marlow Ropes Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Teufelberger Holding Aktiengesellschaft
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Katradis Marine Ropes Industry S.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Lanex A.S.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Yale Cordage
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Synthetic Rope Market: Key Industry Highlights, 2018 and 2032
2. Global Synthetic Rope Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Synthetic Rope Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Synthetic Rope Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Synthetic Rope Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Synthetic Rope Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Synthetic Rope Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Synthetic Rope Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Synthetic Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Synthetic Rope Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Synthetic Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Synthetic Rope Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Synthetic Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Synthetic Rope Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Synthetic Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Synthetic Rope Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Synthetic Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Synthetic Rope Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1,439.33 million.
The market is expected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2,473.34 million by 2032.
Some of the major market drivers for synthetic rope include the increasing demand from shipping sector and increasing applications in the oil and gas sector.
The increasing focus on research activities by key players to develop synthetic ropes with advanced materials is driving the growth of the market.
The different product types for synthetic ropes include polypropylene, polyester, nylon, polyethylene, and speciality fibre.
The different applications of synthetic ropes include marine and fishing, oil and gas, and construction, among others.
The key market players include WireCo WorldGroup Inc, Bridon-Bekaert the Ropes Group, Cortland Limited, Southern Ropes, Marlow Ropes Ltd, Teufelberger Holding Aktiengesellschaft, Katradis Marine Ropes Industry S.A., Lanex A.S., and Yale Cordage, among others.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$ 2199
$1799
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3199
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4199
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5199
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER