Global Steel Wire Rope & Plastic Rope Market Growth 2023-2029

Global Steel Wire Rope & Plastic Rope Market Growth 2023-2029

The steel wire rope & plastic rope market is projected to grow from USD 11.3 billion in 2019 to USD 14.5 billion by 2024, at a CAGR of 5.0% between 2019 and 2024. The steel wire rope & plastic rope industry is growing due to its increasing demand from marine & fishing, industrial & crane, and mining industries. Steel wire rope & plastic ropes are lightweight and have excellent strength, low specific gravity, superior modulus of elasticity, high corrosion resistance, and high moldability. These ropes offer excellent impact resistance, flexibility, high strength, abrasion resistance, and corrosion resistance due to which they are preferred in these industries.

LPI (LP Information)' newest research report, the “Steel Wire Rope & Plastic Rope Industry Forecast” looks at past sales and reviews total world Steel Wire Rope & Plastic Rope sales in 2022, providing a comprehensive analysis by region and market sector of projected Steel Wire Rope & Plastic Rope sales for 2023 through 2029. With Steel Wire Rope & Plastic Rope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Wire Rope & Plastic Rope industry.

This Insight Report provides a comprehensive analysis of the global Steel Wire Rope & Plastic Rope landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Wire Rope & Plastic Rope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Steel Wire Rope & Plastic Rope market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Wire Rope & Plastic Rope and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Wire Rope & Plastic Rope.

The global Steel Wire Rope & Plastic Rope market size is projected to grow from US$ 9249.3 million in 2022 to US$ 11300 million in 2029; it is expected to grow at a CAGR of 11300 from 2023 to 2029.

United States market for Steel Wire Rope & Plastic Rope is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Steel Wire Rope & Plastic Rope is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Steel Wire Rope & Plastic Rope is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Steel Wire Rope & Plastic Rope players cover Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Rayon Co. Ltd. (Japan), Jiangsu Hengshen Co. Ltd. (China) and Hyosung (South Korea), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Wire Rope & Plastic Rope market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
Steel

Segmentation by application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial
Mining
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Teijin Limited (Japan)
Formosa Plastics Corporation (Taiwan)
Solvay (Belgium)
Toray Industries Inc. (Japan)
SGL Group (Germany)
Hexcel Corporation (US)
Mitsubishi Rayon Co. Ltd. (Japan)
Jiangsu Hengshen Co. Ltd. (China)
Hyosung (South Korea)
DowAksa (Turkey)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Wire Rope & Plastic Rope market?

What factors are driving Steel Wire Rope & Plastic Rope market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Steel Wire Rope & Plastic Rope market opportunities vary by end market size?

How does Steel Wire Rope & Plastic Rope break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.