Synthetic Rope Market 2021

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Synthetic Rope Market Expected to Reach 1.69
Billion USD by 2021
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• The report "Synthetic Rope Market by Material
  Type (Polypropylene, Polyester, Nylon,
  Polyethylene, Specialty Fibers), End-Use Industry
  (Marine Fishing, Oil Gas, Construction,
  Cranes, Sports Leisure, Others), and by Region
  - Global Forecast to 2021", The global synthetic
  ropes market is projected to witness a CAGR of
  5.9 from 2016 to reach a market size of USD 1.69
  Billion by 2021. This growth is mainly driven by
  the high strength and low weight characteristics
  along with safety features of synthetic ropes
• Early buyers will receive 10 customization on
  this report.

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• Browse 136 market data Tables and 41 Figures
  spread through 182 Pages and in-depth TOC
  on "Synthetic Rope Market by Material Type
  (Polypropylene, Polyester, Nylon, Polyethylene,
  Specialty Fibers), End-Use Industry (Marine
  Fishing, Oil Gas, Construction, Cranes, Sports
  Leisure, Others), and by Region - Global
  Forecast to 2021"
• https//www.marketsandmarkets.com/Market-Reports/s
  ynthetic-rope-market-50038042.html
• Synthetic rope made of Polypropylene (PP)
  projected to dominate the market during the
  forecast period
• PP is projected to remain the dominant material
  in the manufacturing of synthetic ropes during
  the forecast period. The market players use PP on
  a large scale, as it is highly cost-effective in
  nature. PP provides high strength to the ropes
  and also performs well when used under water.

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The cranes segment projected to witness the
highest CAGR in the synthetic ropes market among
all the end-use industries during the forecast
period The market for synthetic ropes in the
cranes industry is projected to witness the
highest CAGR, in terms of value and volume,
between 2016 and 2021. The rising development of
high performance ropes for lifting mobile cranes
is expected to influence the demand for synthetic
ropes during the forecast period. Various market
leaders are introducing new high performance
synthetic ropes for mobile cranes to ease up the
operations on the site, which is expected to
drive the market growth. Asia-Pacific projected
to witness the highest CAGR between 2016 and
2021 The synthetic ropes market in Asia-Pacific
possesses immense potential of growth during the
forecast period. Rising marine offshore mooring
systems, growing construction industry, and the
unexplored offshore oil gas fields in the
region are expected to drive the market in this
region. High aquaculture production or fishing
activities in the region are also expected to
trigger the market growth in the region between
2016 and 2021. China, Japan, and South Korea are
some of the key countries in the region
contributing to the market growth.
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Some of the key participants in the market are
WireCo WorldGroup (U.S.), Samson Rope
Technologies (U.S.), Cortland Limited (U.S.),
Marlow Ropes Ltd. (U.K.), and Bridon
International Ltd (U.K.). New product
developments and capacity expansions were the
major growth strategies adopted by the market
players between 2011 and 2016 to enhance their
regional footprint and meet the growing demand
for synthetic ropes in developing
economies. This report covers the synthetic
ropes market size, in terms of value and volume,
and its forecasts till 2021. The report includes
the market segmentation by material type,
application, and region. It also provides company
profiles of various market participants and
competitive strategies adopted by them between
2011 and 2016. Dont miss out on business
opportunities in Synthetic Rope Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow. https//www.mar
ketsandmarkets.com/speaktoanalyst.asp?id50038042
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synthetic-rope-market.asp