MARKET OVERVIEW
Synthetic rope is made by materials like nylon and polyester. Depending on its type, the synthetic rope may be waterproof; it could float and stretch unimaginably. Also, it is lighter as compared to the rope made of natural fibers. Moreover, synthetic ropes can be used for anchor lines, towing lines, swimming-lane barriers , winch lines, helicopter slings, and so on. Synthetic rope is very important in different industries such as sports, seafaring, construction, exploration, etc. and has been used since prehistoric times.
MARKET SCOPE
The "Global Synthetic Rope Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Synthetic rope market with detailed market segmentation by raw material, end use, and geography. The report provides key statistics on the market status of the leading Synthetic rope market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on raw material, the global synthetic rope market is segmented polypropylene, polyester, nylon, polyethylene, and specialty fibers.
- Based on end use, the global synthetic rope market is segmented into marine & fishing, oil & gas, construction, and others.
MARKET DYNAMICS
Drivers:
- Synthetic rope is an important part of the fishing industry and is mostly used in fishing nets, twines and ropes.
- Introduction of high strength and light weight of synthetic ropes coupled with safety aspects of synthetic ropes.
Restraints:
- High cost of raw materials and frequent preventive maintenance.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Synthetic rope market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Synthetic rope market in these regions.
IMPACT OF COVID-19 ON SYNTHETIC ROPE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the Synthetic rope market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Synthetic rope market are anticipated to lucrative growth opportunities in the future with the rising demand for Synthetic rope in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Synthetic rope market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bridon-Bekaert The Ropes Group
- Cortland Limited
- English Braids
- LANEX a. s.
- Marlow Ropes
- Samson Rope Technologies
- Southern Ropes
- TEUFELBERGER
- WireCo WorldGroup
- Yale Cordage
- WireCo WorldGroup Inc
- Samson Rope Technologies Inc.
- Cortland Limited
- Touwfabriek Langman BV
- Axiom Cordages Ltd
- Yale Cordage Inc.
- Unirope Ltd.
- Dong Yang Rope Mfg. Co., Ltd.
- Bexco NV-SA
- Atlantic Braids Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.