Synthetic Rope Market Is Forecasted To Reach $2.2 Billion By 2027 At A CAGR Of 7%
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The global synthetic rope market is expected to grow from $1.56 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The global synthetic rope market size is expected to reach $2.2 billion in 2027 at a CAGR of 7%.
A considerable increase in fish product consumption and demand is likely to promote innovation in synthetic rope manufacturing, propelling the market throughout the forecast period.
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Major Market Players in the synthetic rope market include Cortland Limited, Samson Rope Technologies, WireCo., Southern Ropes, Marlow Ropes, Teufelberger, Bridon-Bekaert, LANEX a.s., Bexco.
Technological advancements are a prominent trend that is gaining traction in the synthetic rope market. To boost their market position, major businesses in the synthetic rope market are producing innovative products. Bullplus Polyfils, an India-based maker of premium rope and netting products, for example, launched HDPE nylon rope for heavy-duty applications in March 2023. This unique rope is manufactured using cutting-edge technology and high-quality raw materials. Because of the rope’s capacity to survive extreme weather, it is ideal for use in outdoor and marine situations. The HDPE Nylon Rope is a one-of-a-kind blend of high-density polyethylene and nylon fibres that makes it extremely strong and abrasion-resistant. The rope is designed to withstand harsh weather, making it ideal for maritime and outdoor use. Because of its increased power.
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Global Synthetic Rope Market Segments Include:
- By Material Type: Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers
- By Sales Channel Type: Direct Sales, Distributors
By End- By Material Type: Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers
- By Sales Channel Type: Direct Sales, Distributors
- By End-User Industry: Marine and Fishing, Oil And Gas, Sports And Leisure, Construction, Cranes, Other End-Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global synthetic rope market in 2021.
The Synthetic Rope Global Market Report 2023 provides an overview of the synthetic rope market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The synthetic rope market forecast analyzes synthetic rope market size, synthetic rope market share, leading competitor and their market positions.
Synthetic rope is created by braiding numerous synthetic materials together to generate a finished rope product. In many aspects, synthetic ropes outperform natural fibre ropes, including greater strength, longer endurance, and resistance to UV, moisture, and abrasion.
The Table Of Content For The Synthetic Rope Market Include:
1. Synthetic Rope Market Executive Summary
2. Synthetic Rope Market Segments
3. Synthetic Rope Market Size And Synthetic Rope Market Growth Rate
4. Key Synthetic Rope Market Trends
5. Major Synthetic Rope Market Drivers
……
25. Key Mergers And Acquisitions In The Synthetic Rope Market
26. Top Synthetic Rope Companies
27. Synthetic Rope Market Opportunities And Strategies
28. Synthetic Rope Market, Conclusions And Recommendations
29. Appendix
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