Synthetic Rope Market Report

Market Insights

Synthetic rope offers many advantages over steel rope, such as higher corrosion resistance, fatigue resistance, weather and chemical resistance, and light weighting. It is widely preferred in the many industries, such as marine & fishing, mining, oil & gas, building & construction, and sports industry. It has been continuously gaining market acceptance over the last few decades by replacing steel ropes. Synthetic rope is about one seventh of the weight of similar sized wire rope.

The global synthetic rope market is estimated to grow from USD 760.6 billion in 2022 to USD 1096.31 billion by 2028 at a CAGR of 6.17% during the forecast period.

Segments' Analysis

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Synthetic Rope Market Share by End-Use Industry Type

Marine & Fishing segment is likely to remain the growth engine of the synthetic rope market during the forecast period. Synthetic ropes provide excellent corrosion and abrasion resistance and light weighting in the wide array of marine & fishing applications, such as mooning lines, towing lines, hoisting lines.

Regional Insights

North America is expected to remain the largest market for synthetic rope in the next five years. Excellent distribution network across North America region, high marine & fishing activities, high offshore oil & gas activities are the prime drivers of the North American synthetic rope market. 

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Market Scope & Segmentation

The market is segmented in the following ways:

Synthetic Rope Market Size, Share & Forecast by Material Type:

• Polypropylene
• Polyester
• Nylon
• Polyethylene
• Specialty Fibers

Synthetic Rope Market Size, Share & Forecast by End-Use Industry Type:

• Marine & Fishing
• Mining
• Oil & Gas
• Sports
• Building & Construction
• Cranes
• Others

Synthetic Rope Market Size, Share & Forecast by Sales Channel Type:

• Direct Sales
• Distributors

Synthetic Rope Market Size, Share & Forecast by Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

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Key Players

The key synthetic rope manufactures are-

• WireCo Worldgroup Inc.
• Cortland Limited
• Marlow Ropes
• Samson Ropes Technologies
• Bridon International

New product development and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report, from Stratview Research, studies the synthetic rope market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (upto 3)
• SWOT analysis of key players (upto 3)

Geographic Analysis

• Further segmentation of North America into USA, Canada, and Mexico

Regional Segmentation

• Current market segmentation of any one of the regions by end use industry

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at sales@stratviewresearch.com.