Synthetic Rope Market Outlook Future Trends and Investment Opportunities

A recent report by Allied Market Research, titled "Synthetic Rope Market by Raw Material (Polypropylene, Polyester, Nylon, Polyethylene, and Specialty Fibers) and End Use (Marine & Fishing, Oil & Gas, Sports & Leisure, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025," provides an in-depth analysis of market trends, key players, major segments, and future growth prospects.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1585

According to the report, the global synthetic rope market was valued at $1.33 billion in 2017 and is projected to reach $2.18 billion by 2025, registering a CAGR of 6.3% from 2018 to 2025. Growth is driven by increasing consumption of fish products, rising seaborne trade, and expanding cargo sizes. However, fluctuating raw material prices pose a challenge, while advancements in synthetic rope manufacturing present lucrative opportunities.

Key Market Insights

Specialty Fibers: The Most Profitable Segment

- Among raw materials, the specialty fibers segment accounted for nearly one-third of the market share in 2017 and is expected to dominate throughout the forecast period. The growth is attributed to its robust properties, including thermal conductivity, electrical resistivity, and chemical resistance. Meanwhile, the polyester segment is anticipated to exhibit the highest CAGR of 7.3% from 2017 to 2025, owing to its durability, superior resistance to heat and UV rays, and performance comparable to nylon ropes. Additional insights are provided on polypropylene, nylon, and polyethylene.

Construction Industry to Maintain Leadership

- Based on end-use, the construction segment held approximately 40% of the market share in 2017 and is expected to maintain its dominance through 2025, driven by increasing urbanization and infrastructural expansion in emerging economies. Meanwhile, the marine & fishing segment is expected to witness the highest CAGR of 7.2%, fueled by the growth of aquaculture and global fishing activities. Other key segments include oil & gas, sports & leisure, and miscellaneous applications.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/renewable-methanol-market/purchase-options

Regional Outlook

Europe to Register the Fastest Growth

- Europe is expected to exhibit the fastest growth, with a projected CAGR of 7.1% from 2017 to 2025. Countries such as France, Germany, the UK, Italy, and Russia are driving demand for synthetic ropes across various industries. North America, however, held the largest market share in 2017, accounting for more than one-third of total revenue, primarily due to increased oil & gas production and exploration activities. The report also covers market trends in Asia-Pacific and LAMEA (Latin America, Middle East, and Africa).

Key Players in the Synthetic Rope Market

Leading companies profiled in the report include:

- 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.

- Wireco WorldGroup

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/synthetic-rope-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.