Product Overview

Synthetic rope is a rope which is manufactured by braiding together various types of synthetic fibers. Synthetic fibers are made by using artificial materials including nylon, polyester, polyethylene, and polypropylene. They can be used indoor as well as outdoor in all weather conditions. Synthetic ropes are durable, lighter, and stronger than natural ropes. The most important features of synthetic rope are the safety benefits they offer. Synthetic rope may be waterproof and can float and stretch unimaginably. Synthetic ropes are manufactured in different designs on the basis of their application such as construction, mining, fishing, and as mooring ropes for ocean liners.

Market Highlights

Global Synthetic Rope market is expected to project a notable CAGR of 6.67% in 2030.

Global Synthetic Rope market to surpass USD 3.00 billion by 2030 from USD 1.57 billion in 2020 at a CAGR of 6.67% in the coming years, i.e., 2021-30. Global Synthetic Rope market is estimated to boost owing to its application in various end-use industries including mining and marine, owing to properties such as high durability, robust spooling capabilities, and high strength-to-weight ratio. Additionally, increasing awareness of the lightweight of synthetic ropes, rising demand for oil & gas increased prevalence of the construction industry, and the manufacturing of high-performance rope for mobile rope lifts, are projected to propel the market for synthetic rope during the forecast period.

Recent Highlights in Global Synthetic Rope Market

In January 2019, Samson Rope Technologies, a global market leader in synthetic ropes headquartered in Washington, U.S., introduced its synthetic ropes product line. This product line includes three double braid running rigging lines manufactured for marine applications- XLS3, MLX3, and the elite racer GPX.

Global Synthetic Rope Market: Segments

Polypropylene segment to grow with the highest CAGR during 2021-30

Global Synthetic Rope market is segmented by Material Type into polypropylene, polyester, nylon, polyethylene, and specialty fiber. Polypropylene-based segment held the largest market share in the year 2020. Polypropylene ropes are used in the marine and fishing industry, in combination with polyester. It is a hard polymer commonly resistant to solvents and glues, which is woven from three strands of yarn for optimum strength and durability. Furthermore, the rope possesses floating properties, and because it is easily retrieved from the surface of the water, it is an obvious option to be used around the water.

Marine & Fishing Segment to grow with the highest CAGR during 2021-30

Global Synthetic Rope market is distributed by End User into marine & fishing, oil & gas, construction, cranes, sports & leisure and others. Marine & Fishing Segment held the largest market share in the year 2020. Synthetic ropes are the significant part of the fishing industry as they offer outstanding corrosion and abrasion resistance, high breaking strength, better grip, and light-weighting in the wide array of marine & fishing applications, such as hoisting lines, mooring lines, and towing lines. Synthetic ropes are used in fishing nets, twines, and ropes.

Market Dynamics

Drivers

Growing demand from various end-user industries

Synthetic ropes provide various beneficial properties including high tensile strength, durability, lightweight, safety, and high performance owing to which its demand is fueling in numerous end-user industries. These ropes offer high performance even in underwater due to their high strength. This in turn triggers its demand for offshore marine activities which is expected to proliferate the global synthetic rope market. Additionally, they are used in the fishing industry in fishing nets, twins, and ropes which further boost the demand for synthetic rope.

Increased Prevalence of the Construction Industry

Synthetic ropes are witnessing a wide range of applications in construction industry because of their corrosion-resistant properties and ability to stand against natural elements such as rain, UV rays, and high freezing temperature. With the surge in construction activities, the demand for synthetic ropes is propelling globally. In addition, mounting usage of nylon ropes in construction activities is projected to grow the market.

Restrain

Volatile Prices of Raw Material

Synthetic ropes are manufactured using raw materials such as polyethylene, polypropylene, polyester, nylon, UHMWPE, aramids, and specialty fibers. Fluctuations in the cost of these raw materials and lack of awareness regarding synthetic rope are expected to hamper the market growth in the coming years.

Global Synthetic Rope Market: Key Players

Samson Rope Technologies Inc

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Teufelberger Holding AG,

Unirope Ltd.,

WireCo World Group Inc.,

Touwfabriek Langman BV,

Dong Yang Rope Mfg. Co., Ltd.,

Cortland Limited,

Yale Cordage Inc.,

Bexco NV-SA

Bridon International Limited,

Marlow Ropes

Other Prominent Players

Global Synthetic Rope Market: Regions

Global Synthetic Rope market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Synthetic Rope market in North America held the largest market share of XX.X% in the year 2020. North America will continue to dominate the Global Synthetic Rope market due to the significant growth of end-user industries in this region such as the shipping and fishing industry and construction industry. The rising aquaculture production, fishing activities, and offshore activities are expected to trigger the market in the coming years.

Global Synthetic Rope market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Synthetic Rope market report also contains analysis on:

Synthetic Rope market Segments:

By Material Type

Polypropylene

Polyester

Nylon

Polyethylene

Specialty Fiber

By Application

Marine & Fishing

Oil & Gas

Construction

Cranes

Sports & Leisure

Others

Global Synthetic Rope market Dynamics

Global Synthetic Rope market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Synthetic Rope Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Synthetic Rope Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Synthetic Rope Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Synthetic Rope Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Material Type: Market Share (2019-2030F)

12.2.1. Polypropylene, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Polyester, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Nylon, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Polyethylene, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Specialty Fiber, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By End User: Market Share (2019-2030F)

12.3.1. Marine & Fishing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Oil & Gas, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Construction, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Cranes, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Sports & Leisure, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.6. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Samson Rope Technologies Inc.

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Teufelberger Holding AG

13.3. Unirope Ltd.

13.4. WireCo World Group Inc

13.5. Touwfabriek Langman BV

13.6. Dong Yang Rope Mfg. Co., Ltd.

13.7. Cortland Limited

13.8. Yale Cordage Inc

13.9. Bexco NV-SA

13.10. Bridon International Limited

13.11. Marlow Ropes

13.12. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)