The Synthetic rope market is projected to grow from USD 2.22 billion in 2024 to USD 3.07 billion by 2029, at a CAGR of 6.7% during the forecast period.
Synthetic ropes are durable, flexible ropes made from artificial materials such as polypropylene, nylon, polyester, polyethylene, and other specialty fibres. These ropes have gained popularity due to their numerous advantages over traditional natural fiber ropes. Synthetic ropes are significantly lighter than natural fibre ropes while providing superior strength, making them ideal for heavy lifting and securing loads in various applications. Synthetic ropes exhibit excellent resistance to chemicals, UV rays, and moisture, which prevents rot and degradation over time. This makes them suitable for use in harsh environments, such as marine and industrial settings. Synthetic ropes are generally easier to handle, and splice compared to their natural counterparts. Their lightweight nature reduces fatigue for users during operations. Synthetic Ropes are utilized in various end-use industries like marine & fishing, oil & gas, sports & leisure, construction, cranes, and other end-use industries.
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The major players active in the synthetic rope market are based in Asia Pacific, North America, and Europe region Cortland International (US), Wireco Worldgroup Inc. (US), Samson Rope Technologies (US), Southern Ropes (South Africa), English Braids Ltd. (UK), Marlow Ropes (England), Teufelberger (Austria), and Bekaert (Belgium), are among the leading players operating in synthetic rope market. Developing manufacturing process to meet the regulatory framework, that is constantly changed by the governments in the region companies are actively involved in engaging various growth-oriented strategies, including contracts, partnerships, mergers and acquisitions and new technology development. By engaging in these organic and inorganic growth strategies, these companies are working to solidify their market presence in the synthetic rope market.
Cortland International (US)
Cortland International is a global designer, manufacturer, and supplier of synthetic ropes, slings, tethers, and strength members. The company brings together two industry leaders, Cortland Industrial and Turfropes to become the largest rope manufacturer in the world. Cortland provides products to various end-use industries, such as marine & fishing, aerospace & defense, oil & gas, and medical markets. The company provides custom solutions to its customers. Cortland’s product offerings are categorized into synthetic ropes & strength members, lifting slings & tethers, umbilicals, medical textile & strength members, and electro-optical-mechanical cables.
The group has a wide geographic presence with various engineering and service levels. It is located in North America, Asia Pacific, and Europe. Due to robust global sales and distribution network, Cortland’s products are distributed in over 70 countries.
Wireco Worldgroup Inc. (US)
Wireco Worldgroup Inc. is a global leader in synthetic ropes and wire market, the group is recognized for its extensive product offerings and commitment to quality. The company provides its products under eight major product lines namely, Industrial, Energy, Mining, Maritime, Fishing, and Maritime product lines.
With operations in countries like US, the Netherlands, France, Germany, Poland, Mexico, and Australia across North America, Europe, Latin America, and Asia Pacific, the company offers customers the products, technical expertise they need worldwide.
Samson Rope Technologies (US)
Samson Rope Technologies is engaged in the development and manufacturing of high-performance synthetic ropes. The company is highly focused on research and development and fulfils specific customer requirements. The company has wide product segmentation, such as lifting, recreational sailing, commercial fishing, mining, aerospace & defense, general cordage, safety & rescue, utility, vessel mooring, and many other applications. The company is highly experienced in designing and developing synthetic ropes using Dyneema (HMPE) fibre.
Samson Rope Technologies offers its products through dealers in the US, Canada, and internationally. It is expanding its distribution network to Asia Pacific and Europe.
Related Reports:
Synthetic Rope Market by Material Type (Polypropylene, Polyester, Nylon, Polyethylene, and Specialty Fibers), Construction Type (Braided, Twisted, and Plaited), Strength Rating (Low, Medium, and High), End-use Industry - Global Forecast to 2029
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