Synthetic Rope Market

Synthetic Rope Market By Material (Polyethylene, Polypropylene, Polyesters, Specialty Fibers, Polyamides), By Application (Marine & Fishing, Oil & Gas, Construction, Cranes), and By Region – Global Market Report (2024 to 2034)

Analysis of Synthetic Rope Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Synthetic Rope Market Outlook (2024 to 2034)

The global synthetic rope market size is projected to reach a size of US$ 2.04 billion in 2024 and increase to US$ 3.1 billion by the end of 2034, expanding at a CAGR of 4.3% over the next ten years (2024 to 2034).

Strong fibers and synthetic chemicals, such as nylon, polyester, polypropylene, or high-modulus polyethylene (HMPE), are used to make synthetic ropes. Durability, flexibility, versatility, and wear resistance are just a few of their benefits. They can also tolerate friction and are resistant to rot, mold, mildew, and abrasion, which makes them ideal for use in coastal environments. They are also used in swimming pool lanes, party tent lines, outside railings, fishing, décor, and water sports. They are currently becoming popular worldwide for mining and drilling over steel ropes.

Growing popularity of synthetic ropes can be ascribed to their low weight and durability as compared to traditional ones. The adoption of polyolefin fiber in commercial applications has replaced traditional hard fiber ropes with synthetic alternatives in developed countries. Market trends indicate a shift away from conventional materials such as nylon and steel wire.

Synthetic ropes play a pivotal role in the maritime sector in various industrial operations, including mooring, ship assistance, inland towing, and hoisting lines. These ropes offer advantages such as strength, low weight, floatability, and reduced susceptibility to corrosion.

Report Attributes Details
Synthetic Rope Market Size (2024E) US$ 2.04 Billion
Forecasted Market Value (2034F) US$ 3.1 Billion
Global Market Growth Rate (2024 to 2034) 4.3% CAGR
North America Market Share (2034F) 29.1%
East Asia Market Growth Rate (2024 to 2034) 4.8% CAGR
Cranes Segment Market Share (2024E) 31%
East Asia Market Share (2024E) 36.5%
Key Companies Profiled
  • Cortland Limited
  • Bridon-Bekaert
  • Southern Ropes
  • Magento, Inc.
  • Marlow Ropes
  • Teufelberger
  • Yale Cordage
  • LANEX a.s.
  • Katradis Marine Ropes Ind. S.A.

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What is Driving Up Use of Synthetic Ropes across the Globe?

“Need for Increased Safety and Efficiency in Maritime Operations”

The synthetic rope market size is expanding steadily. The clear benefits that synthetic ropes provide over conventional steel ropes in a range of nautical applications are the driving force behind this growth. In the maritime sector, synthetic ropes are widely utilized for towing and mooring. Although steel ropes were formerly used for these applications, synthetic ropes are becoming popular because of their special qualities.

The market is benefitting from the maritime sector’s growing preference for synthetic ropes. The need for increased safety and efficiency in marine operations is a driving force behind market growth in addition to the operational benefits. Due to the growing demand for synthetic ropes in the shipping industry, producers are being pushed to innovate and create more sophisticated synthetic ropes that are specifically designed to meet the requirements of maritime applications.

“Synthetic Ropes Playing Crucial Role in Securing Fishing Boats in Aquaculture Facilities”

Effective techniques are being used to make aquaculture operations more productive and efficient. Synthetic ropes are used for mooring and docking in aquaculture facilities for securing fishing trawlers.

Regulatory bodies play a critical role in influencing the aquaculture industry, particularly in light of the world's population growth and growing concerns about food security. These organizations are putting several plans into action to increase aquaculture output and enhance operational efficiency. Keeping a steady and sustainable supply of food in place is important given the growing world population. A practical way to satisfy this increasing demand is through aquaculture, particularly for foods high in protein such as fish.

What are the Main Concerns of Synthetic Rope Manufacturers?

“Preference for Steel Ropes Due to Their Higher Tensile Strength”

Traditional materials, such as steel ropes, are still used for certain applications in many sectors. Steel ropes are known for their remarkable strength, ability to withstand harsh environments, and strong resistance to abrasion and heat. Some industries, particularly those where high temperatures or strong chemicals are present, frequently choose steel or other metal-based ropes over synthetic ones.

In some applications, traditional materials such as steel ropes still hold a dominant position, particularly when exceptional tensile strength or high heat resistance is required. The market expansion for synthetic ropes may be constrained by certain industries' persistent inclination towards conventional materials.

“Safety and Quality Concerns Associated with Low-grade Synthetic Ropes”

Synthetic ropes, which are made from plastic and other non-biodegradable materials, pose environmental concerns, as they are difficult to recycle and their disposal can add to pollution. This can lead to a negative impact on the environment.

Quality of synthetic ropes can vary, and low-grade materials can be dangerous, particularly in the construction, oil and gas, and maritime sectors. The difficulty of maintaining consistency in quality can impede market expansion.

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Country-wise Insights

China is witnessing rapid infrastructure development, industrial growth, and technological advancements. The United States’ oil and gas sector relies heavily on synthetic ropes for smooth extraction operations, and the market in the country is influenced by regulatory changes.

Why is China a Lucrative Market for Synthetic Rope Suppliers?

“High Demand for Lightweight and Waterproof Synthetic Ropes”

Attribute China
Market Value (2024E) US$ 423.9 Million
Growth Rate (2024 to 2034) 4.9% CAGR
Projected Value (2034F) US$ 684.2 Million

Demand for strong, lightweight, waterproof ropes that are also durable is being driven by the rapidly growing commercial and residential construction projects in China. Rapid infrastructure development in the country is fueling demand for synthetic ropes in a variety of operations.

The synthetic rope market trends have been significantly influenced by China's ongoing industrial modernization. Synthetic ropes are extensively used in outdoor sports, construction, fishing, aquaculture, and shipping.

Why are Synthetic Rope Manufacturers Thriving in the United States?

“Focus on Development of Eco-Friendly Synthetic Ropes”

Attribute United States
Market Value (2024E) US$ 418.5 Million
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 665.1 Million

In the United States, environmental sustainability is gaining importance. With a rising need for environmentally friendly raw materials and manufacturing techniques, this trend is having an impact on the synthetic rope industry.

The United States' regulatory structure, particularly environmental protection and safety regulations, is crucial to the synthetic rope business, as manufacturers are focusing on producing eco-friendly ropes. Market participants must adhere to standards established by agencies such as the Occupational Safety and Health Administration (OSHA) and the American Society for Testing and Materials (ASTM).

  • High-performance crane ropes were introduced in March 2023 by WireCo, a prominent supplier of electromechanical cable, netting, mission-critical synthetic ropes, and wire ropes. The launch relates to the company's US$ 30 million investment intended for the manufacturing of premium ropes.

Category-wise Insights

There are several advantages of using synthetic ropes in cranes, such as increased performance, safety, and efficiency. The use of synthetic ropes in crane operations is projected to increase as technology advances. Demand for polypropylene ropes is projected to gain traction, especially in maritime operations, due to the material's resistant qualities, inherent strength, and buoyancy.

Why are Synthetic Ropes Extensively Used in Cranes?

“Ease of Handling and Low Weight Associated with Synthetic Ropes”

Attribute Cranes
Segment Value (2024E) US$ 632.7 Million
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 982.6 Million

Steel wire ropes are substantially heavier than synthetic ropes. Because less of the crane's weight is required to hoist the rope, this weight reduction allows cranes to lift more weight. This can also translate into decreased ground pressure and improved agility for mobile cranes. Synthetic ropes are easy to handle, install, and spool since they are lightweight. This can boost the efficiency of crane operations by cutting down on the time and workforce required for tasks like installing ropes.

The use of synthetic ropes in crane operations is growing since they provide several benefits over conventional steel wire ropes. Their application is widespread among many kinds of cranes, such as overhead, tower, mobile, and maritime cranes.

What Makes Polypropylene Ropes So Popular in Maritime Operations?

“Material Strength and Buoyancy of Polypropylene Ropes”

Polypropylene is projected to hold a major synthetic rope market share by 2034. This rope is made of a strong polymer that is primarily resistant to glues and solvents. It is weaved using three strands of yarn to provide maximum strength and endurance. Because of their robust structure and raw material, these ropes find extensive use in the maritime and shipping industries. Boats, winches, pulleys, and general fastening and securing all make extensive use of polypropylene ropes.

Ropes made from polypropylene have the added feature of buoyancy, which makes it a natural choice for maritime operations as it can be effortlessly retrieved from the surface. Because of this, sales of synthetic polypropylene ropes are forecasted to increase significantly throughout the projection period.

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Competitive Landscape

Companies in the synthetic rope market are using tactics like acquisitions and mergers to expand their product lines. To satisfy customer demand for synthetic ropes, businesses are also focusing on increasing their manufacturing capacity and implementing cutting-edge technology.

  • Verlinde announced in March 2023 the introduction of a new line of electric hoists with synthetic ropes that come in three versions. EUROBLOC VF uses Dyneema® ropes, which are known to be 15 times stronger than steel, and are suitable for loads up to 20,000 kg.

Segmentation of Synthetic Rope Market Research

  • By Material :

    • Polyethylene
    • Polypropylene
    • Polyesters
    • Specialty Fibers
    • Polyamides
  • By Application :

    • Marine & Fishing
    • Oil & Gas
    • Construction
    • Cranes
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the global synthetic rope market size in 2024?

The global synthetic rope market is estimated at US$ 2.04 billion in 2024.

What is the projected size of the market for 2034?

By 2034-end, worldwide sales of synthetic ropes are forecasted to reach US$ 3.1 billion.

At what rate is the demand for synthetic rope forecasted to grow?

Demand for synthetic ropes is forecasted to increase at 4.3% CAGR over the next 10 years.

What is the projected growth rate for the market in North America?

The market in North America is projected to expand at 4.4% CAGR from 2024 to 2034.

At what rate is the use of synthetic ropes expected to increase in cranes?

Use of synthetic ropes in cranes is forecasted to increase at a CAGR of 4% from 2024 to 2034.

Synthetic Rope Market

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