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Synthetic Rope Market report categorizes global market by types of materials, and end use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Synthetic Rope Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 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.
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.
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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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pallavi.reddy
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