According to the report published by
Allied Market Research, the global synthetic rope market garnered $1.33 billion in 2017 and is estimated to reach $2.18
billion by 2025, growing at a CAGR of 6.3% from 2018 to 2025. The research
provides a detailed analysis on changing market dynamics, key segments, major
market players, and competitive scenario.
Increase in demand for fish-products,
surge in seaborne trade activities, and rise in size of cargos drive the growth
in the global synthetic rope market. However, varying prices of raw materials
hinder the market growth. Contrarily, rapid advancements taking place in
synthetic rope manufacturing would provide new opportunities in the future.
Request
Report Sample at https://www.alliedmarketresearch.com/request-sample/1585
On the basis of raw material, the
specialty fibers segment contributed for around one-third of the total market
share in 2017 and is estimated to maintain its lead position during the
forecast period. This is owing to its characteristics including electrical
resistivity, thermal conductivity, and chemical or fuel resistance. However,
the polyester segment would grow at the highest CAGR of 7.3% from 2017 to 2025,
owing to its characteristics of being as resilient as nylon ropes and superior
resistance offered to ultraviolet rays and heat. The research also provides
insights on nylon, polypropylene, and polyethylene.
Europe is estimated to grow at the
fastest CAGR of 7.1% from 2017 to 2025, owing to rise in usage of synthetic
ropes across various countries including Germany, France, Italy, the U.K., and
Russia. However, North America accounted for the largest market share in 2017,
contributing to more than one-third of the total market share, owing to rise in
oil & gas production and increase in exploration activities. The research
also analyzes the regions including Asia-Pacific and Latin America, Middle East
and Africa (LAMEA).
Key market players highlighted in the
research are Actuant Corporation, Atlantic Braids Ltd, Bridon-Bekaert Ropes
Group, Bexco NV-SA, English Braids Ltd, Responsive Industries Ltd, Southern
Ropes, Teufelberger, Touwfabriek Langman B.V., and Wireco WorldGroup. These
market players have implemented various strategies such as partnerships,
expansion, new product launches, collaborations, mergers & acquisitions,
and others to achieve stronghold in the industry.
Purchase
Inquiry at https://www.alliedmarketresearch.com/purchase-enquiry/1585
About
Us:
Allied Market Research (AMR) is a
full-service market research and business -consulting wing of Allied Analytics
LLP based in Portland, Oregon. Allied Market Research provides global
enterprises as well as medium and small businesses with unmatched quality of
"Market Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide business insights and
consulting to assist its clients to make strategic business decisions and
achieve sustainable growth in their respective market domain.
We are in professional corporate
relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
No comments:
Post a Comment