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Synthetic Rope Market

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The market in the region is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing urbanization coupled with modern construction and infrastructural needs in emerging economies such as India and China
Synthetic Rope Market - Global Industry Insights, T
rends, Outlook, and Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Ropes are made from natural, synthetic, and also from metals such as steel. The raw material for synthetic ropes is
petrochemicals along with small amounts of polymeric materials. As compared to conventional ropes, synthetic ropes are
more durable and lightweight. Nylon rope is generally made from long extruded mono-filament and can be made water
repellant by altering few properties.
Synthetic ropes are widely used for cranes, owing to properties such as bend fatigue durability, high strength-to-weight
ratio, and robust spooling capabilities. The main advantage of synthetic ropes over steel cables is reduced weight, which is
of high prominence in applications such as cranes and other applications in the marine sector. Other benefits include torque
neutral, easy on sheaves and boom top plates, quick and easy installation no spinning, minimum kinking and diving
damage, corrosion resistance, same line pull and load chart as that of wire rope, reduced wear effect on drums and sheaves,
reduced 'bird caging' and 'barber poling' issues, no greasing required, and no popped core or wire.
Synthetic Rope Market Taxonomy
On the basis of type of material, the global market is classified into:
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Polyethylene
Nylon
Polyester
Specialty fiber
Polypropylene
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REPORT DESCRIPTION
On the basis of end-use industry, the global market is segmented into:
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Construction
Oil & Gas
Marine and Fishing
Sports
Cranes
Transportation
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In marine and fishing industries, synthetic ropes are widely used owing to lightweight properties, reduced knocking up and
making down time, easy handling, floating nature and no re-lubing is required. Polypropylene ropes offer numerous benefits
such as excellent insulation capacity, floatable on water, resistant in chemically active environments, zero absorption, and
operating temperature range of up to 80°C, and is available in variety of colors. Aramid rope is used as a substitute for steel
cable, owing to characteristics such as lower weight and chemical resistance to rusting. In transportation industry, synthetic
ropes are used for binding purpose in transport by roads, sea or by air. In oil & gas industry, synthetic ropes are used in
drilling lines, anchor lines, marine riser tensioner lines, and tubing lines.
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Synthetic Rope Market Outlook – Need for Waterproof and Durable
Materials Expected to Boost Demand:
Lightweight and high strength characteristics has rapidly increased consumption of synthetic ropes globally. Asia Pacific is
expected to be the most potential market for elastomeric coating manufacturers. The market in the region is projected to
witness relatively high growth in terms of value over the forecast period. Rapidly growing urbanization coupled with
modern construction and infrastructural needs in emerging economies such as India and China has propelled the growth of
synthetic rope market in the region. According to IBEF, the Indian Infrastructural industry is expected to reach total revenue
of US$ 5 billion by 2020. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and
Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and
creating international awareness of goods manufactured in India.
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Fluctuating prices of raw material is expected to be one of the restraining factors for growth of synthetic rope market over
the forecast period. Business expansions in different geographies and product are few strategies adopted by the top players
in the synthetic rope market. In June 2016, Bridon International limited and Bekaert collaborated to form The BridonBekaert Ropes Group. This has increased the company’s reach to 17 countries and has added to the global reach and
expertise of the company in the synthetic rope market. Some of the major companies operating in the global elastomeric
coating market are Samson Rope Technologies, Cortland Limited, WireCo World Group, Marlow Ropes, Cortland Limited,
and Bridon International Limited.
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Author
Mayuri Deore
Mayuri Deore51   document Email
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