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Synthetic Rope Market Share, Size, Report 2022-2027

Synthetic Rope Market
Synthetic Rope Market

Global Synthetic Rope Market Outlook:

According to the latest report by IMARC Group, titled “Synthetic Rope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global synthetic rope market size reached US$ 1,667 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,338 Million by 2027, exhibiting a growth rate (CAGR) of 5.72% during 2022-2027.  Synthetic ropes are prepared from artificial chemicals and strong fibers, including nylon, polyester, polypropylene, or high modulus polyethylene (HMPE). They offer numerous benefits, such as durability, flexibility, versatility, wear resistance, etc. Synthetic ropes can also withstand frequent friction and are resistant to rot, mold, mildew, abrasion, etc. They also used in construction activities, water sports, fishing, party tent lines, outdoor railings, swimming pool lanes, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Synthetic Rope Market Trends:

The expanding seafood sector, coupled with the elevating consumer awareness towards numerous health benefits of protein-rich food products, is primarily driving the synthetic rope market. Furthermore, the increasing food security concerns are encouraging the government bodies of various countries to adopt strategies to improve the efficiency and productivity in the aquaculture sector. This, in turn, is also catalyzing the synthetic rope market. Moreover, the growing demand for synthetic ropes in numerous heavy-duty applications across the construction, mining, and oil and gas industries is further acting as another growth-inducing factor. Additionally, the introduction of innovative product variants with increased abrasion resistance to maximize fleet efficiency and improve productivity is expected to propel the synthetic rope market in the coming years.

Global Synthetic Rope Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

Atlantic Braids Ltd., Bexco nv-sa, Bridon-Bekaert Ropes Group, Cortland Limited (Enerpac Tool Group), English Braids Limited, Koninklijke DSM N.V., LANEX a. s., Samson Rope Technologies, Southern Ropes, Teufelberger, WireCo WorldGroup and Yale Cordage.

Breakup by Raw Material:

  • Polypropylene
  • Polyester
  • Nylon
  • Polyethylene
  • Specialty Fibers

Breakup by Distribution Channel:

  • Direct Sales
  • Distributors

By End User:

  • Marine and Fishing
  • Oil and Gas
  • Sports and Leisure
  • Construction
  • Others

 Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Read More: https://advisorwell.com/cellulose-fibers-market-growth-analysis-report-2022-2027/

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