The global synthetic rope market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are growing popularity of synthetic rope which is linked to its increased use in various industries due to its superior ability to handle large items. Furthermore, as compared to conventional products, these items have features such as durability and lightweight, which is predicted to broaden product\'s application into many industries also drive demand for synthetic rope.
Synthetic ropes are created from synthetic fibers, which are man-made textiles that are generated using chemicals and utilized as a substitute for natural fibers. Due to availability of synthetic fibers, increasing demand for industrial rope has popularized the use of this product. These items are employed in pulley system to provide mechanical advantage and properly distribute load weight. As a result, they\'re commonly employed in the construction industry to weigh loads and materials. In addition, it is utilized to deliver things to various job sites, such as scaffolding.
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Top Players in the Global Synthetic Rope Market:
- WireCo WorldGroup
- Cortland Limited
- Bridon-Bekaert
- Southern Ropes
- MAGENTO, INC.
- Marlow Ropes
- TEUFELBERGER
- Yale Cordage
- LANEX a.s.
- Katradis Marine Ropes Ind. S.A.
Revenue growth of the global synthetic rope market is significantly driven by properties including mooring, ship-assist, inland towing, and lifting lines that are strong, lightweight, floatable, and less sensitive to corrosion. Synthetic rope is also increasingly useful in the tree-felling industry, where it is used to remove dead trees, roots, and stumps. It enables workers to mount trees and bushes as well as maneuver around them safely. Because of qualities including bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities, the product is also used in cranes. Hence, growing uses of synthetic ropes have extra benefit of being lighter than steel cables, making them a popular product for cranes and other naval applications thereby boosting market growth.
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Market segmentation based on Product Type Outlook:
- Polypropylene
- Polyester
- Nylon
- Polyethylene
- Specialty Fibres
Application Outlook:
- Marine Fishing Industry
- Oil Gas Industry
- Industrial Construction
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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