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Synthetic Rope Market

Synthetic Rope Market report categorizes global market by types of materials, and end use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
Synthetic Rope Market New Business Opportunities
and Investment Research Report,2018–2026
Ropes are made from natural and synthetic materials, or materials produced from
metals such as steel. The raw material used 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 ropes are generally
made from long extruded mono-filaments and are made water repellant by altering
few of its properties.
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Synthetic ropes are widely used in multiple crane applications, owing to properties
such as bend fatigue durability, high strength-to-weight ratio, and robust spooling
capabilities. The main advantage of using synthetic ropes over steel cables, is the
reduced weight of synthetic material, which is of high prominence in applications
such as cranes and other applications in the marine sector. Synthetic ropes provide
neutral torque with no spinning, are quick and easy to install, and are easy on
sheaves and boom top plates. They also provide minimum kinking and diving
damage, corrosion resistance, same line pull and load chart as that of wire ropes,
reduced wear effect on drums and sheaves, reduced bird caging and barber poling
issues, no greasing required, and no popping of core or wire.
Synthetic ropes are used in marine and fishing industries, owing to its light weight,
reduced knocking up and making down time, easy handling, floating properties,
along with no requirement for re-lubing. Polypropylene ropes offer numerous
benefits such as excellent insulation capacity, floatable on water, resistant in
chemically active environments, zero absorption. They also operate in high
temperature ranging up to 80°C, and are 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. Synthetic ropes are used in the transportation
industry for binding purposes in transport by roads, sea or by air, whereas, in the oil
& gas industry, it is used in drilling lines, anchor lines, marine riser tensioner lines,
and tubing lines.
Synthetic Rope ​Market Outlook – Need for Waterproof and Durable Materials
Expected to Boost Demand
Lightweight and high strength characteristics have helped rapidly increase
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
growth of the 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.
Fluctuating prices of raw material is expected to be one of the restraining factors for
growth of the synthetic rope market, over the forecast period. Business expansions
in different geographies and new product development, are some strategies adopted
by the top players in the synthetic rope market. In June 2016, Bridon International
limited and Bekaert, collaborated to form The Bridon-Bekaert 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 synthetic Rope Market are Samson Rope
Technologies, Cortland Limited, WireCo World Group, Marlow Ropes, Cortland
Limited, and Bridon International Limited.
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