Steel Wire Rope And Plastic Rope Market Analysis: Major Players, Lucrative Segments And Top Geographies
13 Jun, 2023
The global steel wire rope and plastic rope market size is expected to grow from $12.22 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global steel wire rope and plastic rope market size is expected to reach $16.86 billion in 2027 at a CAGR of 6.4%.
Global Steel Wire Rope And Plastic Rope Market Key Driver
The growing fishing industry and jobs are likely to move the steel wire rope and plastic rope market ahead. The fishing industry is the economic sector that captures, processes, markets, and sells fish and other aquatic resources such as crustaceans, mollusks, and seaweed. Because of their high strength and endurance, steel wire ropes and plastic ropes are commonly employed in the fishing industry to make nets.
Get a sample of the global steel wire rope and plastic rope market reportGlobal Steel Wire Rope And Plastic Rope Market Segments
The global steel wire rope and plastic rope market is segmented:
1) By Type Of Lay: Regular Lay, Lang Lay
2) By Material Type: Polypropylene, Polyester, Nylon, HMPE (High Modulus Polyethylene), Specialty Fibers
3) By Application: Marine And Fishing, Sports And Leisure, Oil And Gas, Industrial And Crane, Mining, Construction, Other Applications
4) By Geography: The regions covered in the steel wire rope and plastic rope market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global steel wire rope and plastic rope market.
Major Steel Wire Rope And Plastic Rope Industry Players
N.V. Bekaert S.A., Cortland Limited, English Braids Ltd., Jiangsu Langshan Wire Rope Co. Ltd., Marlow Ropes Ltd., Samson Rope Technologies Inc., Southern Ropes Pty Ltd., Teufelberger Holding AG, Usha Martin Ltd., Sandin Manufacturing Inc., Bergen Cable Technology Inc., Strand Products Inc., Guizhou Wire Rope Incorporated Company, Ver Sales Inc., Dunamis Wire Ropes Mfg. LLP
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Steel Wire Rope And Plastic Rope Market Overview
Steel wire rope and plastic rope refer to types of ropes made from steel and polymers. Steel wire rope is a type of rope made from individual steel wires that are twisted or braided together to form strands. These strands are then twisted or braided together to form the final rope. Plastic rope, on the other hand, is a type of rope made from synthetic materials such as polypropylene, nylon, or polyester.
Steel Wire Rope And Plastic Rope Global Market Report 2023 provides data on the global steel wire rope and plastic rope market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The steel wire rope and plastic rope market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.