Global Synthetic Fiber Rope Market Growth 2023-2029

Global Synthetic Fiber Rope Market Growth 2023-2029

Synthetic fiber rope refers to the high strength fiber material through weaving, sewing and other processes, usually divided into synthetic fiber hoisting belt, fastener, safety belt, traction rope, cable, etc.The synthetic fiber rope industry was $1.3 billion in 2018 and is projected to reach $1.6 billion by 2025, with a compound annual growth rate of 4% from 2018 to 2025.The global market for synthetic fibre ropes has grown slowly over the past few years due to the continued impact of reduced customer spending on upstream offshore oil and gas-related demand (exploration, drilling and commissioning activities) and competitive price pressures.Nevertheless, synthetic fibre ropes are rapidly replacing steel ropes due to their superior properties and are in great demand in emerging markets in the Asia Pacific region.Key participants include Wireco World Group, Samson Rope Technologies, Garware-Wall Ropes Ltd., Bridon International Ltd., Teufelberger Holding AG, Marlow Ropes Ltd., Yale Cordage Inc., Juli Sling Co.， Ltd, Cortland Limited, Southern Ropes,Lanex AS, GRPP, English Braids Ltd, Taizhou Hongda, Katradis, Jiangsu Shenyun, etc.Leading companies have the advantages of good performance, rich product types, mature technology and impeccable after-sales service.As a result, they have a large share of the high-end market.Looking ahead, the slow downward trend in prices in recent years will remain unchanged.As competition intensifies, the price gap between different brands will narrow.Similarly, gross margins can fluctuate.Chinese synthetic fiber ropes market achieved rapid development in recent years, Chinese companies by increasing investment and research and development, have a foothold in the international market, to participate in international competition and division of labor, to a certain extent, and obtain larger market share, but in terms of technical development and brand competition is still a certain gap compared with international large enterprises.Some large enterprises in China have been able to carry out independent research and development, and developed some special materials and products with independent intellectual property rights. In terms of varieties, specifications, quality and output scale, Chinese synthetic fiber ropes are narrowing the gap with similar products in other countries.On the whole, China's synthetic fiber rope enterprises still lag behind the world's advanced level in terms of product structure, quality, production cost, innovation ability, technical and economic indicators, waste resource utilization and environmental protection.
LPI (LP Information)' newest research report, the “Synthetic Fiber Rope Industry Forecast” looks at past sales and reviews total world Synthetic Fiber Rope sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Fiber Rope sales for 2023 through 2029. With Synthetic Fiber Rope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Fiber Rope industry.
This Insight Report provides a comprehensive analysis of the global Synthetic Fiber 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 Synthetic Fiber Rope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Fiber Rope market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Fiber 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 Synthetic Fiber Rope.
The global Synthetic Fiber Rope market size is projected to grow from US$ 1358.1 million in 2022 to US$ 1767.8 million in 2029; it is expected to grow at a CAGR of 1767.8 from 2023 to 2029.
Global Synthetic Fiber Rope key players include Garware-Wall Ropes Ltd., WireCo World Group, Samson Rope Technologies, Bridon International Ltd, Teufelberger Holding AG, etc. Global top five manufacturers hold a share over 40%.
Europe is the largest market, with a share about 35%, followed by China, and North America, both have a share about 40 percent.
In terms of product, Polypropylene Rope is the largest segment, with a share about 25%. And in terms of application, the largest application is Oceans and Fisheries, followed by Oil and Gas, Crane, Sports Leisure, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Fiber Rope market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Polypropylene Rope
Polyester Rope
Nylon Rope
Polyethylene Rope
Segmentation by application
Oceans and Fisheries
Sports Leisure
Oil and Gas
Construction
Crane
Other
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.
WireCo World Group
Samson Rope Technologies
Garware-Wall Ropes Ltd.
Bridon International Ltd
Teufelberger Holding AG
Marlow Ropes Ltd.
Yale Cordage Inc
Juli Sling Co., Ltd
Cortland Limited
Southern Ropes
Lanex A.S
GRPP
English Braids Ltd
Taizhou Hongda Rope Net Co.,Ltd.
Katradis
Jiangsu Shenyun Rope Co,. Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Synthetic Fiber Rope market?
What factors are driving Synthetic Fiber Rope market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Fiber Rope market opportunities vary by end market size?
How does Synthetic Fiber 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.