Future of Synthetic Rope Market: How Top Leading Companies Can Make Smart Strategy Work, Opportunity Analysis and Industry Forecast, 2018 - 2025

Surge in consumption and demand for fish-products, rise in seaborne trade, and increased size of cargo have boosted the growth of the global synthetic rope market. However, fluctuating prices of raw materials restrain market growth. On the other hand, rapid advancements in synthetic rope manufacturing are expected to create lucrative opportunities in the near future.

The global synthetic rope market garnered $1.33 billion in 2017 and is estimated to reach $2.18 billion by 2025, growing at a CAGR of 6.3% from 2018 to 2025. The research provides a detailed analysis on changing market dynamics, key segments, major market players, and competitive scenario.

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Specialty Fibers remains to be a profitable and lucrative segment

Based on raw material, specialty fibers segment accounted for nearly one-third of the total market share in 2017 and is expected to lead in terms of revenue throughout the forecast period. This is attributed to its robust and long-lasting properties such as thermal conductivity, electrical resistivity, and chemical or fuel resistance. On the other hand, the polyester segment is expected to register the highest growth with a CAGR of 7.3% from 2017 to 2025, owing to its properties that are as good as nylon ropes and it offers superior resistance to heat and UV rays. The research also offers insights on polypropylene, nylon, and polyethylene.

Construction to maintain its top status by 2025

Based on end-user industry, the construction segment accounted for about two-fifths of the total market share in 2017 and is expected to maintain its leadership status throughout the forecast period. This is attributed to increased urbanization and rise in the modern construction activities and surge in the infrastructural needs in the emerging economies. However, the marine & fishing segment is expected to register the highest CAGR of 7.2% through 2025, owing to rise in aquaculture production and fishing activities across the world. The report also includes other segments such as oil & gas, sports & leisure, and others.

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Europe to grow at the fastest rate by 2025

Europe is expected to register the fastest CAGR of 7.1% from 2017 to 2025, owing to growing use of synthetic ropes across several countries such as France, Germany, UK, Italy, and Russia. However, North America holds the largest market share, accounting for more than one-third of the total share in 2017, owing to the increase in oil & gas production and rise in exploration activities. The report includes analysis of other regions such as Asia-Pacific and Latin America, Middle East and Africa (LAMEA).

Key market players

Key market players highlighted in the research are Actuant Corporation, Atlantic Braids Ltd, Bridon-Bekaert Ropes Group, Bexco NV-SA, English Braids Ltd, Responsive Industries Ltd, Southern Ropes, Teufelberger, Touwfabriek Langman B.V., and Wireco WorldGroup.

These key players are adopting different strategies such as product launch, expansion, merger, and partnership to sustain in the market. For instance, TEUFELBERGER acquired fiber rope manufacturer TexTech in 2014, which reinforced the geographical presence of the company. TexTech Cord is a Thailand-based fiber rope manufacturer of polypropylene, nylon, and polyester, intended especially for applications in the sailing and yachting segment.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Top winning strategies
3.4. Porter's Five Forces Analysis
3.4.1. Bargaining power of Buyer
3.4.2. Bargaining power of Supplier
3.4.3. Thereat of new entrants
3.4.4. Threat of substitute
3.4.5. Intensity of competitive rivalry
3.5. Top Player Positioning, 2017
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Significant rise in consumption and demand for fish products
3.6.1.2. Growth in seaborne trade and increase in size of cargo
3.6.2. Restraint
3.6.2.1. Fluctuating prices of raw material
3.6.3. Opportunity
3.6.3.1. Advancement in synthetic rope manufacturing

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