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Ultra-high Molecular Weight Polyethylene Ropes Market

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The research report on Ultra-high Molecular Weight Polyethylene Ropes Market is segmented By Product Type (3 Strands, 8 Strands, and 12 Strands), By Application (Aviation, Marine, Mining, Military and Others) - size, Share, Outlook, and Opportunity
Ultra-high Molecular Weight Polyethylene Ropes
Market - size, Share, Outlook, and Opportunity
Analysis, 2018-2026
Ultra-high molecular weight polyethylene is a subset of the thermoplastic
polyethylene also known as high-modulus polyethylene (HMPE). It is odorless,
nontoxic and tasteless and tough material used to make UHMWPE ropes. Ultra-high
molecular weight polyethylene ropes provide a high level of security and protection
for mooring of the tanker vessels. UHMWPE ropes are small in volume which makes
them suitable for easy storage and easy handling. This rope does not allow chemical
interaction and attack in marine and industrial application. Also, UHMWPE ropes
have unique anti-microbial and moisture resistant properties, which makes it suitable
for use in cables, sails and rigging in yachting and lifting slings.
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Market Dynamics
● Key factors such as increasing demand for the ultra-high molecular weight
polyethylene rope in ports, marine, and aerospace industry across the globe
are projected to fuel growth of global ultra-high molecular weight polyethylene
ropes market over the forecast period. Ultra-high molecular weight
polyethylene rope are used as a mooring ropes and yachting ropes in marine
industry which gaining demand for the UHMWPE ropes. Moreover, growth in
these industries is expected
to have a positive impact on the growth of
the market. For instance, according to U.S. Department of Commerce’s
International Trade Administration, in China, aerospace industry was valued
at US$ 7,859 million in 2016, which increased to US$ 8,274 million in 2017.
Furthermore, owing to unique physical and chemical properties of ultra-high
molecular weight polyethylene ropes such as high strength, corrosion
resistance, wear resistance, flexible, light-weight, and high safety
performance, it is gaining popularity in the aerospace industry.
● The availability of alternatives such as polyester and polypropylene and high
cost of the UHMWPE rope are factors that could restrain growth of the global
ultra-high molecular weight polyethylene ropes market. For instance, Naroc
Rope Tech offers Bell Mix rope, which is a compound rope made from
polyester yarn and high strength polypropylene yarn, in order to increase the
strength of the rope. Therefore, easy availability of such substitute products is
expected
to negatively impact growth of the market.
Market Outlook
● On the basis of application, marine industry segment accounted for the largest
market share in global ultra-high molecular weight
polyethylene
ropes
market in 2016. Ultra-high molecular weight polyethylene rope can float in
water also it has low stretch
properties that provides greater sensitivity
and easy handling. UHMWPE rope is widely used as a substitute of wire and
steel rope in mooring line of tanker vessels, ship assist lines, and pennant
lines for offshores rigs.
● On the basis of type, 12 stranded ultra-high molecular weight rope segment
exhibited relatively high growth in the market in 2016 and is expected to
witness the same trend during the forecast period. This is owing to its
excellent vibration damping and low friction co-efficient, making it popular in
shipbuilding, ocean transportation, and military & defense industry. For
instance Katradis Marine Ropes Ind. S.A. Company introduced new product
NIKA-Siri X-12 ropes for application of mooring, ship to ship (STS) operation
in 2017. NIKA-Siri X-12 are high module UHMWPE 12 strand ropes, which
are cost effective and over-braided ropes. It aids in decreasing mooring &
towing operating times and also lowers labor requirement in various
operations.
● Asia Pacific is projected to be the fastest growing region in the ultra-high
molecular weight polyethylene ropes market over the forecast period. Rapid
growth in aviation industry is expected to drive growth of the ultra-high
molecular weight polyethylene market in emerging economies such as India
and China. For instance, according to India Brand Equity Foundation (IBEF),
India has become the world’s fastest growing domestic travel market
recording a 26.6% year-on-year growth in January 2017, which has
bolstered
demand for aviation industry goods, which includes UHMWPE
ropes.
Key players
● Major players operating in the ultra-high molecular weight polyethylene rope
market include Liros Gmbh, Dyneema, Thanawala
& Co, Cousin Trestec,
Atlantic Braids Ltd, New England Ropes, Miami Cordage, Lankhorst, Katradis,
Samson, Bridon, Ropesling, Southern Ropes, and others.
● Key players are strategically investing in research and development, in order
to enhance their product portfolio. Furthermore, players are focusing on
inorganic strategies For instance, WireCo World Group Inc., a company
focused on producing and marketing of rope and cable, acquired Royal
Lankhorst Euronete Group, to develop synthetic rope in 2012. Furthermore,
Samson and The Manitowoc Company jointly launched Manitowoc’s Grove
RT770E rough-terrain mobile crane,
which features the first fully synthetic
hoist rope designed
specifically for mobile cranes, in March 2014.
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Author
apeksha motghare
apeksha motghare285   documents Email
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