Steel Wire Rope & Plastic Rope - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Steel Wire Rope & Plastic Rope Market is accounted for $10.61 billion in 2018 and is expected to reach $18.70 billion by 2027 growing at a CAGR of 6.5% during the forecast period. High strength, the low weight of plastic ropes and safety aspects of plastic ropes are some of the factors fuelling the market growth. However, high cost of raw materials and frequent preventive maintenance of plastic ropes are restricting market growth.
Steel wire ropes and plastic ropes are two categories of rope made from different materials and have a different construction. The steel wire rope design consists of multiple steel wires that form individual strands laid in a helical pattern around a core. This structure provides strength, flexibility, abrasion resistance, fatigue resistance, and the ability to handle bending stresses. Four factors determine the properties and application of steel wire ropes, which include its construction, coating, core, and type of lay. A plastic rope is a bundle of flexible synthetic fibres that are braided or twisted together to enhance its length and tensile strength. Plastic ropes are made of synthetic fibres, such as nylon, polyester, HMPE, and polypropylene. They provide properties such as high strength, durability, low weight, and corrosion resistance.
Based on application, the industrial & crane segment is estimated to have a lucrative growth due to the large consumption of these ropes in this industry. These ropes have excellent impact resistance, flexibility, and high strength due to which they are preferred in industrial & crane sector. By Geography, Asia Pacific is likely to have a huge demand due to the increase in demand for steel wire rope & plastic ropes from marine & fishing, construction, mining, and other industries. APAC is one of the key markets for steel wire ropes with considerable scope for growth in construction, fishing, and mining sectors.
Some of the key players profiled in the Steel Wire Rope & Plastic Rope market include Bekaert SA, Bexco NV SA, Cortland Limited, DSR, English Braids Ltd., Gustav Wolf, Jiangsu Langshan, Katradis Marine Ropes Ind. S.A., Kiswire, Lanex A.S., Marlow Ropes Ltd., Novatec Braids, Ltd., Pfeifer, Samson Rope Technologies, Inc., Southern Ropes, Teufelberger Holding AG, Tokyo Rope, Usha Martin, Wireco Worldgroup Inc. and Yale Cordage Inc.
• High-Modulus Polyethylene (HMPE)
• Speciality Fibers
Type Of Lays Covered:
• Lang Lay
• Regular Lay
• Industrial & Crane
• Marine & Fishing
• Marine & Fishing
• Oil & Gas
• Sports & Leisure
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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