Press release
Synthetic Rope Market Size Soaring at 6.3% CAGR to Reach $2,183.2 Million by 2025: Top Players WireCo WorldGroup, Actuant Corporation, Bridon-Bekaert Ropes Group, and Southern Ropes
The global synthetic rope market accounted for $1,326.1 million in 2017 and is anticipated to reach $2,183.2 million by 2025, registering a CAGR of 6.3% from 2018 to 2025.
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Synthetic ropes are made from synthetic fibers such as polypropylene, polyester, nylon, polyethylene, and specialty fibers. These ropes are lighter in weight than the metal ropes and significantly stronger than the natural fiber ropes. They possess properties such as high tensile strength, resistance to abrasion, and superior flexibility. A synthetic rope is a bundle of synthetic fibers that are twisted or braided together into a larger and stronger form. Synthetic ropes are made from synthetic fibers such as polypropylene, polyester, nylon, polyethylene, and specialty fibers.
Synthetic rescue ropes that are used in Australia are made from polyamides such as nylon or perlon and polyesters such as Terylene, Dacron, and Tetoran. Ropes made from these materials possess high strength, knotability, resistance to abrasion, and flexibility. They are capable of handling weights with either high or low elongation.
The global synthetic rope market is segmented based on raw material, end use, and region. Based on raw material, the market is segmented into polypropylene, polyester, nylon, polyethylene, and specialty fibers. Based on end use, it is divided into marine & fishing, oil & gas, sports & leisure, construction, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies operating in the global synthetic rope market include WireCo WorldGroup, Actuant Corporation, Bridon-Bekaert Ropes Group, and Southern Ropes (SR). The other prominent players in the market include English Braids Ltd., Teufelberger, Atlantic Braids Ltd., Bexco nv-sa (Bexco), Responsive Industries Ltd., and Touwfabriek Langman B.V.
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Product development and business expansion were the major strategies adopted by the key players to meet the growth in demand for synthetic ropes in the developing economies. In 2015, a turbine manufacturer devised a blade replacement system using high performance synthetic ropes manufactured by Samson Rope Technologies.
Related Report:
Global Synthetic Leather (Artificial Leather) Market Research Report 2018
This report studies the global Synthetic Leather (Artificial Leather) market status and forecast, categorizes the global Synthetic Leather (Artificial Leather) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this report Alfatex, Amway, Shandong Jinfeng Artificial Leather, Anhui Material Technology, Arora Vinyl Pvt., Filwel, H.R. Polycoats, Kuraray, Marvel Vinyls, Mayur Uniquoters, Nan Ya Plastics Industrial, San Fang Chemical Industry, Teijin Limited, Toray Industries and more.
For More Information, Visit: https://www.bigmarketresearch.com/global-synthetic-leather-artificial-leather-market-research-report-2018-market?utm_source=OPR&utm_medium=CC
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