Global Synthetic Rope Market was valued at USD 1.70 billion in 2021 and is expected to reach USD 2.83 billion by 2029, registering a CAGR of 6.60% during the forecast period of 2022-2029. Polypropylene accounts for the largest material type segment in the respective market owing to their large application base in the marine and shipment industries. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Synthetic ropes refer to the type of ropes that are generally made from synthetic fibers such as polyester, polyethylene, specialty fibers, polyester and nylon. These ropes are known for their light weight compared to other metal ropes, and are stronger than the natural fiber ropes. They have properties including resistance to abrasion, high tensile strength, and superior flexibility. The increase in demand and consumption of fish products across the globe acts as one of the major factors driving the growth of synthetic rope market. The rise in awareness among individuals regarding the health benefits associated with consuming seafood such as ease in the symptoms of arthritis drives the market further.
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Scope of the Synthetic Rope Market Report:
The synthetic rope market is segmented on the basis of material type and end- user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Specialty Fibers
End- User Industry
- Marine and Fishing
- Oil and Gas
- Sports and Leisure
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Synthetic Rope Market Regional Analysis/Insights
The Synthetic Rope market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Synthetic Rope market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Synthetic Rope within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Synthetic Rope market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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