The “Steel Wire Rope and Synthetic Rope Market by Laying Type (Normal Laying, Long Laying), Material Type (PP, PET, Nylon, HMPE, Special Fibers), Application (Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial & Crane) Region – Global Forecast to 2026 “report was added to ResearchAndMarkets.com Offer.

The global market for steel wire ropes and synthetic ropes is expected to grow from 11.9 billion US dollars in 2021 to 17.5 billion US dollars by 2026, with a CAGR of 8.0% between 2021 and 2026.

Steel wire ropes and plastic ropes are required in various applications including marine and fishing, sports and recreation, oil and gas, industrial and crane, mining, construction and others; due to its advantages properties such as long service life, temperature resistance, extremely light weight and high rigidity and good strength.

However, the global pandemic disease COVID-19 has disrupted the operation of various end uses, reducing the demand for steel wire ropes and plastic ropes in 2020.

Regular lay type is the fastest growing type of lay for steel wire in terms of value.

Normal lay ropes are more resistant to crushing forces, inherently more torsion-proof and wind better on a drum than long lay ropes. They are used for various applications such as: B. Industry & Crane, Mining, Oil & Gas, Construction, and Fisheries & Marine.

The material type polyester is the fastest growing material type of synthetic ropes in terms of value.

Polyester ropes are widely used for boat lines and sailing applications because they offer good strength, durability, relatively low elongation, and reasonable prices. Polyester ropes have good UV resistance and, unlike nylon, retain their strength in wet conditions. In contrast to nylon or polypropylene, polyester is not stretchable. It is usually used as the outer coating of a rope with a Kevlar core that is UV sensitive.

Some of the disadvantages of polyester ropes are that they are not suitable when the load is jerky. They don’t offer strength like nylon ropes do. For some applications, polyester can only be used as an outer protective layer because it has excellent abrasion resistance. Polyester ropes are commonly used for winches, spills, and block & tackles. They have low elongation and low creep

The story goes on

Sports & Leisure is the fastest growing use of steel wire ropes & synthetic ropes in terms of value.

In sports and leisure applications, synthetic ropes are used in racing cars, exercise equipment, camera flying rigs, static leashes, stunt rigging, lashing straps and accessory cords. HMPE fiber tent shinning line, glider lines, kite surfing lines, safety ropes, climbing ropes, fitness ropes, parachute lines, and camping ropes are some of the other types of plastic ropes used in this industry.

Various plastic ropes made of polypropylene, polyester, nylon and others are used. They are also used in the film industry to control camera lines. The market in this application has growth potential in the forecast period, as the ropes also help in rescue and safety operations in every sporting activity.

APAC is the fastest growing market for steel wire ropes and synthetic ropes.

APAC is projected to have the highest CAGR in terms of value in the global steel wire rope and synthetic rope market during the forecast period. The growth of the steel and synthetic rope industries in this region is supported by the recovery of the end-user industries and the advancement of industrial technology solutions.

The steel wire rope market in APAC is being driven by increasing consumption in the industrial & crane, mining and construction sectors. Increasing urbanization and industrial development in countries such as China, India and Japan are also driving the market in the region.

Due to COVID-19, numerous industries and companies have closed their production sites in various countries, which has resulted in lower demand for steel wire ropes and plastic ropes in APAC countries. The recovery in end-use applications with restoration in the supply chain would increase the demand for steel wire rope and synthetic rope over the forecast period.

Market dynamics

driver

  • High strength and low weight of synthetic ropes

  • Safety aspects of synthetic ropes

  • Infrastructure development, increased industrial activity and growth in the mining industry

restrictions

opportunities

  • Plastic ropes as a better alternative to steel wire ropes

  • Growing fishing and mining sectors in APAC

  • Increasing use of HMPE and special fiber ropes for mooring in marine applications

Challenges

Analysis of the supply chain

Porter’s Five Forces Analysis

Ecosystem: Steel Wire Rope Market

Analysis of the value chain

Effects of COVID-19 on the value chain of steel wire ropes and synthetic ropes

  • Raw material

  • Rope manufacturer

  • Applications

Technology analysis

Price analysis

Patent analysis

  • Top applicant for patents

  • Figure 21 Top applicants for patents

  • List of patents from China University of Mining and Technology

  • List of Zoomlion Heavy Ind Sci & Tech’s patents.

  • List of Kone Corp. patents

  • List of Jiangsu Fasten Tech Development Center Co Ltd’s patents

  • List of Univ Taiyuan Technology’s patents

  • List of patents held by Xuzhou Coal Mine Safety Equipment Mft Co Ltd

  • Top 10 patent holders (us) in the past 10 years

Tariffs and regulations

Key market for import / export

Effects of COVID-19 on the market

Case study analysis

Company profiles

Key characters

  • Cortland Limited

  • Wireco Worldgroup Inc.

  • Samson rope technologies

  • Southern ropes

  • English Braids Ltd.

  • Marlow ropes

  • Teufelberger Holding AG

  • Bekaert Sa

  • Jiangsu Langshan Wire Rope Co., Ltd

  • Usha Martin

  • Gustav Wolf GmbH

  • Yale cordage

  • Lanex AS

  • Tokyo Rope Mfg. Co., Ltd.

  • Bexco Nv Sa

other companies

  • Novatec Braids, Ltd.

  • Katradis Marine Ropes Ind. SA

  • Dsr

  • Kiswire

  • piper

  • Swr, Ltd.

  • Mazzella company

  • Shinko Wire Company, Ltd.

  • Saint-Gobain high-performance plastics

  • Parker Hannifin Corporation

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005578/en/

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