Synthetic Rope Market
Synthetic Rope Market Study by Polyethylene, Polypropylene, Polyesters, Specialty Fibers, and Polyamides for Marine & Fishing, Oil & Gas, Construction, and Cranes from 2024 to 2034
Analysis of Synthetic Rope Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Synthetic Rope Market Outlook (2024 to 2034)
The global synthetic rope market size is projected to reach a size of US$ 2.04 billion in 2024 and increase to US$ 3.1 billion by the end of 2034, expanding at a CAGR of 4.3% over the next ten years (2024 to 2034).
Strong fibers and synthetic chemicals, such as nylon, polyester, polypropylene, or high-modulus polyethylene (HMPE), are used to make synthetic ropes. Durability, flexibility, versatility, and wear resistance are just a few of their benefits. They can also tolerate friction and are resistant to rot, mold, mildew, and abrasion, which makes them ideal for use in coastal environments. They are also used in swimming pool lanes, party tent lines, outside railings, fishing, décor, and water sports. They are currently becoming popular worldwide for mining and drilling over steel ropes.
Growing popularity of synthetic ropes can be ascribed to their low weight and durability as compared to traditional ones. The adoption of polyolefin fiber in commercial applications has replaced traditional hard fiber ropes with synthetic alternatives in developed countries. Market trends indicate a shift away from conventional materials such as nylon and steel wire.
Synthetic ropes play a pivotal role in the maritime sector in various industrial operations, including mooring, ship assistance, inland towing, and hoisting lines. These ropes offer advantages such as strength, low weight, floatability, and reduced susceptibility to corrosion.
| Report Attributes | Details |
|---|---|
| Synthetic Rope Market Size (2024E) | US$ 2.04 Billion |
| Forecasted Market Value (2034F) | US$ 3.1 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.3% CAGR |
| North America Market Share (2034F) | 29.1% |
| East Asia Market Growth Rate (2024 to 2034) | 4.8% CAGR |
| Cranes Segment Market Share (2024E) | 31% |
| East Asia Market Share (2024E) | 36.5% |
| Key Companies Profiled | Cortland Limited; Bridon-Bekaert; Southern Ropes; Magento, Inc.; Marlow Ropes; Teufelberger; Yale Cordage; LANEX a.s.; Katradis Marine Ropes Ind. S.A. |
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What is Driving Up Use of Synthetic Ropes across the Globe?
“Need for Increased Safety and Efficiency in Maritime Operations”
The synthetic rope market size is expanding steadily. The clear benefits that synthetic ropes provide over conventional steel ropes in a range of nautical applications are the driving force behind this growth. In the maritime sector, synthetic ropes are widely utilized for towing and mooring. Although steel ropes were formerly used for these applications, synthetic ropes are becoming popular because of their special qualities.
The market is benefitting from the maritime sector’s growing preference for synthetic ropes. The need for increased safety and efficiency in marine operations is a driving force behind market growth in addition to the operational benefits. Due to the growing demand for synthetic ropes in the shipping industry, producers are being pushed to innovate and create more sophisticated synthetic ropes that are specifically designed to meet the requirements of maritime applications.
“Synthetic Ropes Playing Crucial Role in Securing Fishing Boats in Aquaculture Facilities”
Effective techniques are being used to make aquaculture operations more productive and efficient. Synthetic ropes are used for mooring and docking in aquaculture facilities for securing fishing trawlers.
Regulatory bodies play a critical role in influencing the aquaculture industry, particularly in light of the world's population growth and growing concerns about food security. These organizations are putting several plans into action to increase aquaculture output and enhance operational efficiency. Keeping a steady and sustainable supply of food in place is important given the growing world population. A practical way to satisfy this increasing demand is through aquaculture, particularly for foods high in protein such as fish.
What are the Main Concerns of Synthetic Rope Manufacturers?
“Preference for Steel Ropes Due to Their Higher Tensile Strength”
Traditional materials, such as steel ropes, are still used for certain applications in many sectors. Steel ropes are known for their remarkable strength, ability to withstand harsh environments, and strong resistance to abrasion and heat. Some industries, particularly those where high temperatures or strong chemicals are present, frequently choose steel or other metal-based ropes over synthetic ones.
In some applications, traditional materials such as steel ropes still hold a dominant position, particularly when exceptional tensile strength or high heat resistance is required. The market expansion for synthetic ropes may be constrained by certain industries' persistent inclination towards conventional materials.
“Safety and Quality Concerns Associated with Low-grade Synthetic Ropes”
Synthetic ropes, which are made from plastic and other non-biodegradable materials, pose environmental concerns, as they are difficult to recycle and their disposal can add to pollution. This can lead to a negative impact on the environment.
Quality of synthetic ropes can vary, and low-grade materials can be dangerous, particularly in the construction, oil and gas, and maritime sectors. The difficulty of maintaining consistency in quality can impede market expansion.
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Country-wise Insights
China is witnessing rapid infrastructure development, industrial growth, and technological advancements. The United States’ oil and gas sector relies heavily on synthetic ropes for smooth extraction operations, and the market in the country is influenced by regulatory changes.
Why is China a Lucrative Market for Synthetic Rope Suppliers?
“High Demand for Lightweight and Waterproof Synthetic Ropes”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 423.9 Million |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 684.2 Million |
Demand for strong, lightweight, waterproof ropes that are also durable is being driven by the rapidly growing commercial and residential construction projects in China. Rapid infrastructure development in the country is fueling demand for synthetic ropes in a variety of operations.
The synthetic rope market trends have been significantly influenced by China's ongoing industrial modernization. Synthetic ropes are extensively used in outdoor sports, construction, fishing, aquaculture, and shipping.
Why are Synthetic Rope Manufacturers Thriving in the United States?
“Focus on Development of Eco-Friendly Synthetic Ropes”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 418.5 Million |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 665.1 Million |
In the United States, environmental sustainability is gaining importance. With a rising need for environmentally friendly raw materials and manufacturing techniques, this trend is having an impact on the synthetic rope industry.
The United States' regulatory structure, particularly environmental protection and safety regulations, is crucial to the synthetic rope business, as manufacturers are focusing on producing eco-friendly ropes. Market participants must adhere to standards established by agencies such as the Occupational Safety and Health Administration (OSHA) and the American Society for Testing and Materials (ASTM).
- High-performance crane ropes were introduced in March 2023 by WireCo, a prominent supplier of electromechanical cable, netting, mission-critical synthetic ropes, and wire ropes. The launch relates to the company's US$ 30 million investment intended for the manufacturing of premium ropes.
Category-wise Insights
There are several advantages of using synthetic ropes in cranes, such as increased performance, safety, and efficiency. The use of synthetic ropes in crane operations is projected to increase as technology advances. Demand for polypropylene ropes is projected to gain traction, especially in maritime operations, due to the material's resistant qualities, inherent strength, and buoyancy.
Why are Synthetic Ropes Extensively Used in Cranes?
“Ease of Handling and Low Weight Associated with Synthetic Ropes”
| Attribute | Cranes |
|---|---|
| Segment Value (2024E) | US$ 632.7 Million |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 982.6 Million |
Steel wire ropes are substantially heavier than synthetic ropes. Because less of the crane's weight is required to hoist the rope, this weight reduction allows cranes to lift more weight. This can also translate into decreased ground pressure and improved agility for mobile cranes. Synthetic ropes are easy to handle, install, and spool since they are lightweight. This can boost the efficiency of crane operations by cutting down on the time and workforce required for tasks like installing ropes.
The use of synthetic ropes in crane operations is growing since they provide several benefits over conventional steel wire ropes. Their application is widespread among many kinds of cranes, such as overhead, tower, mobile, and maritime cranes.
What Makes Polypropylene Ropes So Popular in Maritime Operations?
“Material Strength and Buoyancy of Polypropylene Ropes”
Polypropylene is projected to hold a major synthetic rope market share by 2034. This rope is made of a strong polymer that is primarily resistant to glues and solvents. It is weaved using three strands of yarn to provide maximum strength and endurance. Because of their robust structure and raw material, these ropes find extensive use in the maritime and shipping industries. Boats, winches, pulleys, and general fastening and securing all make extensive use of polypropylene ropes.
Ropes made from polypropylene have the added feature of buoyancy, which makes it a natural choice for maritime operations as it can be effortlessly retrieved from the surface. Because of this, sales of synthetic polypropylene ropes are forecasted to increase significantly throughout the projection period.
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Competitive Landscape
Companies in the synthetic rope market are using tactics like acquisitions and mergers to expand their product lines. To satisfy customer demand for synthetic ropes, businesses are also focusing on increasing their manufacturing capacity and implementing cutting-edge technology.
- Verlinde announced in March 2023 the introduction of a new line of electric hoists with synthetic ropes that come in three versions. EUROBLOC VF uses Dyneema® ropes, which are known to be 15 times stronger than steel, and are suitable for loads up to 20,000 kg.
Segmentation of Synthetic Rope Market Research
-
By Material:
- Polyethylene
- Polypropylene
- Polyesters
- Specialty Fibers
- Polyamides
-
By Application:
- Marine & Fishing
- Oil & Gas
- Construction
- Cranes
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Material
- 9.1. Polyethylene
- 9.2. Polypropylene
- 9.3. Polyesters
- 9.4. Specialty Fibers
- 9.5. Polyamides
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 10.1. Marine & Fishing
- 10.2. Oil & Gas
- 10.3. Construction
- 10.4. Cranes
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Cortland Limited
- 21.2. Bridon-Bekaert
- 21.3. Southern Ropes
- 21.4. Magento, Inc.
- 21.5. Marlow Ropes
- 21.6. Teufelberger
- 21.7. Yale Cordage
- 21.8. LANEX a.s.
- 21.9. Katradis Marine Ropes Ind. S.A.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Material
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Material, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Material, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Material, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Material, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Material, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Material, 2024 (E)
Figure 18: North America Market Value Share, By Application, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Material, 2024 (E)
Figure 26: Latin America Market Value Share, By Application, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Material, 2024 (E)
Figure 34: Europe Market Value Share, By Application, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Material, 2024 (E)
Figure 42: South Asia Market Value Share, By Application, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Material, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Material, 2024 (E)
Figure 50: East Asia Market Value Share, By Application, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Material, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Material, 2024 (E)
Figure 58: Oceania Market Value Share, By Application, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Material, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Material, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Material, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Material, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Material, 2024 (E)
Figure 78: Canada Market Value Share, By Application, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Material, 2024 (E)
Figure 81: Mexico Market Value Share, By Application, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Material, 2024 (E)
Figure 84: Brazil Market Value Share, By Application, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Material, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Material, 2024 (E)
Figure 90: Germany Market Value Share, By Application, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Material, 2024 (E)
Figure 93: France Market Value Share, By Application, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Material, 2024 (E)
Figure 96: Italy Market Value Share, By Application, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Material, 2024 (E)
Figure 99: Spain Market Value Share, By Application, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Material, 2024 (E)
Figure 102: Russia Market Value Share, By Application, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Material, 2024 (E)
Figure 105: China Market Value Share, By Application, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Material, 2024 (E)
Figure 108: Japan Market Value Share, By Application, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Material, 2024 (E)
Figure 111: South Korea Market Value Share, By Application, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Material, 2024 (E)
Figure 114: India Market Value Share, By Application, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Material, 2024 (E)
Figure 117: ASEAN Market Value Share, By Application, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Material, 2024 (E)
Figure 120: Australia Market Value Share, By Application, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Material, 2024 (E)
Figure 123: New Zealand Market Value Share, By Application, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Material, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Material, 2024 (E)
Figure 129: Turkey Market Value Share, By Application, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Material, 2024 (E)
Figure 132: South Africa Market Value Share, By Application, 2024 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the global synthetic rope market size in 2024?
The global synthetic rope market is estimated at US$ 2.04 billion in 2024.
What is the projected size of the market for 2034?
By 2034-end, worldwide sales of synthetic ropes are forecasted to reach US$ 3.1 billion.
At what rate is the demand for synthetic rope forecasted to grow?
Demand for synthetic ropes is forecasted to increase at 4.3% CAGR over the next 10 years.
What is the projected growth rate for the market in North America?
The market in North America is projected to expand at 4.4% CAGR from 2024 to 2034.
At what rate is the use of synthetic ropes expected to increase in cranes?
Use of synthetic ropes in cranes is forecasted to increase at a CAGR of 4% from 2024 to 2034.
Synthetic Rope Market