August 14, 2019 - 9:15 AM EDT
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Steel Wire Rope & Plastic Rope Markets, 2024 by Type of Lay (Regular Lay, Lang Lay), Material Type (PP, PET, Nylon, HMPE, Specialty Fibers) - ResearchAndMarkets.com

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The "Steel Wire Rope & Plastic Rope Market by Type of Lay (Regular Lay, Lang Lay), Material Type (PP, PET, Nylon, HMPE, Specialty Fibers), Application (Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial & Crane) & Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The steel wire ropes & plastic ropes market size is estimated to grow from USD 11.3 billion in 2019 to reach USD 14.5 billion by 2024, at a CAGR of 5.0%.

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 fibers that are braided or twisted together to enhance its length and tensile strength. Plastic ropes are made of synthetic fibers, such as nylon, polyester, HMPE, and polypropylene. They provide properties such as high strength, durability, low weight, and corrosion resistance.

The steel wire ropes & plastic ropes market is growing due to the increasing demand from marine & fishing, industrial & crane, and mining applications.

The key players in the market include WireCo WorldGroup Inc. (US), Bekaert SA (Belgium), Tuefelberger Holding AG (Austria), Cortland Limited (US), DSR (South Korea), Samson Rope (US), Usha Martin (India), Samson Ropes Technologies Inc. (US), Jiangsu Langshan (China), and Marlow Ropes Ltd. (UK).

The strategies undertaken by these market players include new product development, expansion, agreement, and acquisition.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 High Strength and Low Weight of Plastic Ropes

5.2.1.2 Safety Aspects of Plastic Ropes

5.2.1.3 Infrastructural Development, Increased Industrial Activity, and Growth in the Mining Industry

5.2.2 Restraints

5.2.2.1 High Cost of Raw Materials and Frequent Preventive Maintenance of Plastic Ropes

5.2.3 Opportunities

5.2.3.1 Plastic Ropes as A Better Alternative to Steel Wire Ropes

5.2.3.2 Growing Fishing and Mining Sectors in APAC

5.2.4 Challenges

5.2.4.1 Lack of Awareness About the Advantages of the Use of Plastic Ropes

5.2.4.2 Corrosion of Steel Wire Ropes

5.3 Porter's Five Forces Analysis

6 Steel Wire Ropes & Plastic Ropes Market, By Type

6.1 Introduction

6.2 Steel Wire Ropes Market, By Type of Lay

6.2.1 Introduction

6.2.2 Regular Lay

6.2.2.1 Regular Lay Ropes are Used in A Wide Range of Applications, Starting From Industrial to Fishing & Marine

6.2.3 Lang Lay

6.2.3.1 Lang Lay Ropes Have Higher Flexibility and Abrasion Resistance Than Regular Lay Ropes

6.3 Plastic Ropes Market, By Material Type

6.3.1 Introduction

6.3.2 Polypropylene

6.3.2.1 Polypropylene Ropes, Slightly Thicker Than Polyester and Nylon Ones, Have Good Chemical Resistance

6.3.3 Polyester

6.3.3.1 Polyester Ropes, Unlike Nylon Ropes, Retain their Strength When Exposed to Moisture

6.3.4 Nylon

6.3.4.1 Nylon Ropes are Widely Used as Towing Lines as they Have Good Elastic Properties

6.3.5 HMPE

6.3.5.1 HMPE Ropes are Suitable for Use in Marine & Fishing Application as they Float in Water

6.3.6 Specialty Fibers

6.3.6.1 Specialty Fiber Ropes are Finding Application in Various End-Use Industries

7 Steel Wire Ropes & Plastic Ropes Market, By Application

7.1 Introduction

7.2 Steel Wire Ropes Market, By Application

7.2.1 Introduction

7.2.2 Industrial & Crane

7.2.2.1 Steel Wire Ropes are Used in the Industrial & Crane Application as they Provide Resistance to Rotation, Abrasion, and Corrosion

7.2.3 Mining

7.2.3.1 Steel Wire Ropes are Used in This Application Due to their High Tensile Strength and Breaking Load

7.2.4 Oil & Gas

7.2.4.1 High Strength Steel Wire Ropes are Used for Oil & Gas Applications to Comply With the Safety Standards

7.2.5 Construction

7.2.5.1 The Growth in Construction Activities in APAC is Increasing the Demand for Steel Wire Ropes in This Application

7.2.6 Marine & Fishing

7.2.6.1 Steel Wire Ropes Ensure High Breaking Strength in Marine & Fishing Applications

7.2.7 Others

7.3 Plastic Ropes Market, By Application

7.3.1 Introduction

7.3.2 Marine & Fishing

7.3.2.1 Low Weight, High Strength, and Abrasion Resistance Properties of Plastic Ropes are Helpful in Marine & Fishing Applications

7.3.3 Oil & Gas

7.3.3.1 Polyester and HMPE Ropes are Used Widely in Oil & Gas Applications

7.3.4 Sports & Leisure

7.3.4.1 Fitness Ropes, Parachute Cords, and Camping Ropes are Among the Different Types of Plastic Ropes Used in the Sports & Leisure Application

7.3.5 Crane

7.3.5.1 Plastic Ropes are Able to Withstand Extreme Environmental Conditions, Which is Why they are Used in Crane Applications

7.3.6 Others

8 Steel Wire Ropes & Plastic Ropes Market, By Region

Company Profiles

  • Cortland Limited
  • Wireco Worldgroup Inc.
  • Samson Rope Technologies, Inc.
  • Southern Ropes
  • English Braids Ltd.
  • Marlow Ropes Ltd.
  • Teufelberger Holding AG
  • Bekaert SA
  • Jiangsu Langshan
  • Usha Martin

Other Players

  • Yale Cordage Inc.
  • Lanex A.S.
  • Novatec Braids, Ltd.
  • Bexco Nv SA
  • Katradis Marine Ropes Ind. S.A.
  • DSR
  • Kiswire
  • Tokyo Rope
  • Gustav Wolf
  • Pfeifer

For more information about this report visit https://www.researchandmarkets.com/r/9scos7

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Source: Business Wire (August 14, 2019 - 9:15 AM EDT)

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