Synthetic Rope Market to grow at a 6.4% CAGR during the forecast period

Synthetic Rope Market: Highlights

Synthetic rope offers many advantages over steel rope, such as higher corrosion resistance, fatigue resistance, weather and chemical resistance, and light weighting. It is widely preferred in the many industries, such as marine & fishing, mining, oil & gas, building & construction, and sports industry. It has been continuously gaining market acceptance over the last few decades by replacing steel ropes. Synthetic rope is about one seventh of the weight of similar sized wire rope.

The global synthetic rope market offers a healthy growth opportunity and is likely to experience 6.4% CAGR during the forecast period of 2016 to 2021. Marine & Fishing segment is likely to remain the growth engine of the synthetic rope market during the forecast period. Synthetic ropes provide excellent corrosion and abrasion resistance and light weighting in the wide array of marine & fishing applications, such as mooning lines, towing lines, hoisting lines.

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North America is expected to remain the largest market for synthetic rope in the next five years. Excellent distribution network across North America region, high marine & fishing activities, high offshore oil & gas activities are the prime drivers of the North American synthetic rope market.

The key synthetic rope manufactures are WireCo Worldgroup Inc., Cortland Limited, Marlow Ropes, Samson Ropes Technologies, and Bridon International. New product development and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The global synthetic rope market is segmented into the following categories.

Global Synthetic Rope Market by Material Type:
• Polypropylene
• Polyester
• Nylon
• Polyethylene
• Specialty Fibers
Global Synthetic Rope Market by End Use Industry:
• Marine & Fishing
• Mining
• Oil & Gas
• Sports
• Building & Construction
• Cranes
• Others
Global Synthetic Rope Market by Sales Channel:
• Direct Sales
• Distributors
Global Synthetic Rope Market by Region:
• North America
• Europe
• Asia – Pacific
• Rest of the World

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