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Synthetic Rope Market worth 1.69 Billion USD by 2021

 



(EnergyIndustry.Net, July 07, 2021 ) The report "Synthetic Rope Market by Material Type (Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers), End-Use Industry (Marine & Fishing, Oil & Gas, Construction, Cranes, Sports & Leisure, Others), and by Region - Global Forecast to 2021", The global synthetic ropes market is projected to witness a CAGR of 5.9% from 2016 to reach a market size of USD 1.69 Billion by 2021. This growth is mainly driven by the high strength and low weight characteristics along with safety features of synthetic ropes.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50038042

Synthetic rope made of Polypropylene (PP) projected to dominate the market during the forecast period

PP is projected to remain the dominant material in the manufacturing of synthetic ropes during the forecast period. The market players use PP on a large scale, as it is highly cost-effective in nature. PP provides high strength to the ropes and also performs well when used under water.

The cranes segment projected to witness the highest CAGR in the synthetic ropes market among all the end-use industries during the forecast period

The market for synthetic ropes in the cranes industry is projected to witness the highest CAGR, in terms of value and volume, between 2016 and 2021. The rising development of high performance ropes for lifting mobile cranes is expected to influence the demand for synthetic ropes during the forecast period. Various market leaders are introducing new high performance synthetic ropes for mobile cranes to ease up the operations on the site, which is expected to drive the market growth.

Don't miss out on business opportunities in Synthetic Rope Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50038042

Browse in-depth TOC on "Synthetic Rope Market”
136 - Market Data Tables
41 - Figures
182 - Pages

Asia-Pacific projected to witness the highest CAGR between 2016 and 2021

The synthetic ropes market in Asia-Pacific possesses immense potential of growth during the forecast period. Rising marine offshore mooring systems, growing construction industry, and the unexplored offshore oil & gas fields in the region are expected to drive the market in this region. High aquaculture production or fishing activities in the region are also expected to trigger the market growth in the region between 2016 and 2021. China, Japan, and South Korea are some of the key countries in the region contributing to the market growth.

Some of the key participants in the market are WireCo WorldGroup (U.S.), Samson Rope Technologies (U.S.), Cortland Limited (U.S.), Marlow Ropes Ltd. (U.K.), and Bridon International Ltd (U.K.). New product developments and capacity expansions were the major growth strategies adopted by the market players between 2011 and 2016 to enhance their regional footprint and meet the growing demand for synthetic ropes in developing economies.

This report covers the synthetic ropes market size, in terms of value and volume, and its forecasts till 2021. The report includes the market segmentation by material type, application, and region. It also provides company profiles of various market participants and competitive strategies adopted by them between 2011 and 2016.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=50038042

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

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