Synthetic Rope Market Size, Share & Trends Report

Synthetic Rope Market Size, Share & Trends Analysis Report By Product (Polypropylene, Nylon), By Application (Marine & Fishing, Industrial Construction) By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-243-3
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global synthetic rope market size was valued at USD 777.1 million in 2018. Superior properties associated with synthetic rope for industrial usage have led to prominent growth in the market. Increased usage in different industries owing to its improved ability to handle heavy materials is attributed to growing popularity of synthetic rope. In addition, these products exhibit properties including durable and lightweight as compared to conventional ones, which is expected to widen the product scope into different industries.

Synthetic ropes are made from fibers that are man-made textiles, which are manufactured with the infusion of chemicals and are used as a substitute to natural fibers. Increasing demand for industrial rope have popularized the application of this product owing to the availability of synthetic fibers. These products are used in the pulley system in order to create mechanical advantage to effectively spread the weight of loads. Therefore, these are widely used in the construction industry in order to weigh down loads and materials. In addition, it is used for the purpose of transportation of items to different sites of working such as scaffolding.

U.S. synthetic rope market size, by product, 2015 - 2025 (USD Million)

Rising displacement of hard fiber ropes with synthetic has advanced at a rapid scale in developed countries owing to the commercial utilization of polyolefin fiber. The industry faces a revolution of changes with the adoption of synthetic ropes. The synthetic rope market is also witnessing the replacement of traditional materials such as steel wire and nylon. In addition, wide application of these products in the maritime industry provides benefits in industrial operations. It provides benefits such as mooring, ship-assist, inland towing, and hoisting lines to exhibit properties such as strong, lightweight, floatable, and less susceptible to corrosion.

Synthetic rope also witnesses wider utility in the tree felling industry, wherein they are used for removing dead trees, roots, and stumps. It helps workers to scale the trees and bushes as well as exert safe movement around them. The product also finds its application in cranes on account of properties such as bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities. The added advantage of synthetic ropes as compared to steel cables includes less weight, which makes it a prominent product in cranes and other marine sector applications.

Product Insights

Polypropylene accounted for the largest share of 30.0% in 2018. This rope is a hard polymer that is mainly resistant to solvents and glues, which is woven from three strand yarn for utmost strength as well as durability. These have a large application base in the marine and shipment industries owing to sturdy construction and strong raw material. It is widely used in boats, pulleys and winches, and general fastening and securing. The rope also exhibits floating properties, and since it is easily able to be retrieved from water surface, it is an obvious choice to be used around water. Therefore, polypropylene rope made from synthetic materials is expected to witness significant growth owing to its vast usage over the forecast period.

Nylon is expected to expand at the fastest CAGR of 6.6% from 2019 to 2025. The high stretch factor in nylon rope with a certain level of elasticity suitable for different applications has increased the product scope in the industry. This rope exhibits great shock absorption feature and different load applications owing to its great elasticity. It also makes it a favorable product for mooring and towing activities and different anchoring applications.

Application Insights

The marine and fishing industry accounted for the largest share of 37.7% in 2018. Synthetic ropes are widely used in the marine, fishing, and shipment industries on account of its lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing. These ropes assist with great insulation capacity, provides resistance in chemically affected environment, no absorption, and is made available in different forms and colors. Moreover, these products are used in the fishing industry as fishing nets and twines. These are used in trawling applications on account of better resistance to abrasion, high breaking strength, and high strength-to-weight ratio.

Global synthetic rope market share, by application, 2018 (%)

Industrial construction is expected to expand at the fastest CAGR of 6.5% from 2019 to 2025. Synthetic ropes are witnessing huge application in the construction activity owing to corrosion resistant properties and ability to tolerate natural elements such as UV rays, rain, snow, and high freezing temperature. Moreover, increasing application of nylon materials in the construction industry is likely to offer growth opportunities for synthetic ropes. These braided or twisted wires provide extreme versatility for the strongest option of rope, which provides more balance and not crook while use in the construction business.

Regional Insights

Asia Pacific dominated the global market, accounting for a share of 68.7% in 2018. Increasing utility of waterproof and durable materials with lightweight and high strength properties is expected to boost the demand for synthetic ropes across the region. Rapid growth of the construction industry as a result of growing urbanization in the emerging countries such as China and India has widened the scope for the global market.

In addition, rising infrastructural needs in emerging economies acts as a driving factor for synthetic ropes. According to the India Brand Equity Foundation (IBEF), the infrastructure industry in India is expected to reach USD 5 billion by the year 2020. Therefore, the region witnesses the highest application of synthetic ropes across various industries, particularly construction industry.

The market in Europe is anticipated to expand at a CAGR of 5.2% from 2019 to 2025. Increasing marine and fishing business across European countries is anticipated to result in increased demand for synthetic ropes over the forecast period. Moreover, products pertaining to high tensile strength as well as longer durability have managed to replace steel wires in many forms and applications. Therefore, synthetic ropes are a prime choice in the construction, marine, and oil and gas industries.

Synthetic Rope Market Share Insights

The global market is highly competitive in nature owing to presence of top players such as WireCo WorldGroup; Cortland Limited; Bridon-Bekaert; Southern Ropes; MAGENTO, INC.; Marlow Ropes; TEUFELBERGER; Yale Cordage; LANEX a.s.; and Katradis Marine Ropes Ind. S.A. Market players are adopting strategies such as mergers and acquisitions to increase product offerings. Moreover, companies are focusing on expanding their production capacity and are adopting innovative technologies in order to meet consumer demand for synthetic ropes.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors and trends

Country scope

U.S., Germany, U.K., France, India, China, and Brazil

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global synthetic rope market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Polypropylene

    • Polyester

    • Nylon

    • Polyethylene

    • Specialty Fibers

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Marine & Fishing Industry

    • Oil & Gas Industry

    • Industrial Construction

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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