Synthetic Rope Market worth 1.69 Billion USD by 2021

 

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.

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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/synthetic-rope-market-50038042.html Early buyers will receive 10% customization on reports.

Other strategies such as partnerships & agreements, joint ventures, and R&D activities were also adopted by the market players to strengthen their existing position in the market and increase market share. In 2015, Samson and United Offshore Services (UOS) (Netherlands) entered into a partnership agreement to supply Samson's high-performance synthetic ropes to Europe.

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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 performs well when used under water.

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