Synthetic Rope Market Analysis: Major Players, Lucrative Segments And Top Geographies
1 Aug, 2023
The global synthetic rope market size is expected to grow from $1.56 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global synthetic rope market size is expected to reach $2.2 billion in 2027 at a CAGR of 7%.
Global Synthetic Rope Market Key Driver
A large increase in consumption and demand for fish products is predicted to drive future growth in the synthetic rope industry. Fish products are those that are created from various fishes and related subcomponents. In the fishing industry, synthetic ropes are chosen because they are lightweight, easy to use, and floatable, reducing downtime and increasing efficiency.
Get a sample of the global synthetic rope market reportGlobal Synthetic Rope Market Segments
The global synthetic rope market is segmented:
1) By Material Type: Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers
2) By Sales Channel Type: Direct Sales, Distributors
3) By End- User Industry: Marine and Fishing, Oil And Gas, Sports And Leisure, Construction, Cranes, Other End-Users
4) By Geography: The regions covered in the synthetic rope market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global synthetic rope market.
Major Synthetic Rope Industry Players
Cortland Limited, Samson Rope Technologies, WireCo., Southern Ropes, Marlow Ropes, Teufelberger, Bridon-Bekaert, LANEX a.s., Bexco, Katradis Marine Ropes Ind. S.A., Atlantic Braids Ltd., Dong Yang Rope Manufacturing Co.Ltd., Unirope Ltd., Touwfabriek Langman, Tufropes Pvt Ltd.
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Synthetic Rope Market Overview
Synthetic rope is a rope made by braiding together several synthetic materials to create a final rope product. These synthetic ropes are superior to natural fiber ropes in many ways, including stronger strength, longer durability, and resistance to UV, moisture, and abrasion.
Synthetic Rope Global Market Report 2023 provides data on the global synthetic rope market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The synthetic rope market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.