The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing fishing industry and job opportunities are likely to stimulate innovation in steel wire rope and plastic rope manufacturing, propelling the market during the forecast period.

The global steel wire rope and plastic rope market is expected to grow from $12.22 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The global steel wire rope and plastic rope market size is expected to reach $16.86 billion in 2027 at a CAGR of 6.4%.

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 Global Steel Wire Rope And Plastic Rope Market Segments Include:

• By Type Of Lay: Regular Lay, Lang Lay
• By Material Type: Polypropylene, Polyester, Nylon, HMPE (High Modulus Polyethylene), Specialty Fibers
• By Application: Marine And Fishing, Sports And Leisure, Oil And Gas, Industrial And Crane, Mining, Construction, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global steel wire rope and plastic rope market in 2021.

Major Market Players in the steel wire rope and plastic rope market include N.V. Bekaert S.A., Cortland Limited, English Braids Ltd., Jiangsu Langshan Wire Rope Co. Ltd., Marlow Ropes Ltd., Samson Rope Technologies Inc., Southern Ropes Pty Ltd.

Product developments are a prevalent trend in the steel wire rope and plastic rope markets. To maintain their market position, major market players are introducing innovative products such as Marlow sustainable rope. For example, Marlow Ropes Ltd., an English maker of specialist rope assemblies, will unveil its sustainable rope line-up in February 2023. The rope possesses previous product characteristics such as hardness and extended elongation. The product is unusual in that it is the world’s first sustainably manufactured fast rope made from recycled-based content (BCF RPA).

The Steel Wire Rope And Plastic Rope Global Market Report 2023  provides a steel wire rope and plastic rope market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The steel wire rope and plastic rope market forecast analyzes steel wire rope and plastic rope market size, steel wire rope and plastic rope market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Steel wire rope and plastic rope are rope kinds made of steel and polymers, respectively. Steel wire rope is a type of rope composed of individual steel wires twisted or braided together to produce strands. To make the final rope, these strands are twisted or braided together. Plastic rope, on the other hand, is a sort of synthetic rope produced from polypropylene, nylon, or polyester.

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