The Synthetic Rope Global Market Report 2023, provides comprehensive information on the synthetic rope market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global synthetic rope market size is expected to grow from $1.56 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global synthetic rope market size is expected to reach $2.2 billion in 2027 at a CAGR of 7%.
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Technological innovations are a key trend gaining popularity in the synthetic rope market. Major companies operating in the synthetic rope market are introducing innovative products to strengthen their position in the market. For instance, in March 2023, Bullplus Polyfils, an India-based manufacturer of superior rope and netting items, launched HDPE nylon rope for heavy-duty applications. This innovative rope is made using cutting-edge technology and superior-quality raw materials. The rope’s ability to withstand extreme weather makes it perfect for usage in outdoor and marine settings. The HDPE Nylon Rope is a unique blend of high-density polyethylene and nylon fibers, making it highly robust and abrasion-resistant. The rope is made to withstand extreme weather, making it excellent for marine and outdoor use. Because of its increased strength, it is ideal for heavy-duty tasks like towing, lifting, and securing heavy things.
The synthetic rope market is segmented:
1) By Material Type: Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers
2) By Sales Channel Type: Direct Sales, Distributors
3) By End- User Industry: Marine and Fishing, Oil And Gas, Sports And Leisure, Construction, Cranes, Other End-Users
North America was the largest region in the synthetic rope market in 2022.
The table of contents in TBRC’s synthetic rope market report includes:
- Executive Summary
- Synthetic Rope Market Characteristics
- Synthetic Rope Market Trends And Strategies
- Synthetic Rope Market – Macro Economic Scenario
- Synthetic Rope Market Size And Growth
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- Africa Synthetic Rope Market
- Synthetic Rope Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Synthetic Rope Market
- Synthetic Rope Market Future Outlook and Potential Analysis
- Appendix
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