Latest industry research report on Synthetic Rope Market. World Ropes may be constructed of synthetic or natural fibers as well as from steel fibers. Synthetic fiber ropes are generally stronger than natural fiber ropes. Though, synthetic fiber ropes possess certain disadvantages such as slipperiness.
Its exceptional properties such as superior lifting strength than natural fiber ropes, electrically non-conductive, and high strength to weight ratio boosted up its need in the market. Low weight and high strength characteristics of synthetic ropes increase its demand in the market. Safety aspect of the synthetic ropes also drives the market.
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High cost of raw material poses a threat in the growth of the market. However, due to increase in the awareness of the product among end user industries the market is expected to overcome this restraint during forecast period. North America holds the largest share in the market of synthetic ropes in 2015. Asia-Pacific is expected to register highest CAGR during the forecast period.
The report segments the synthetic ropes market on the basis of raw material, end-use industry, and geography.
By Raw Material
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By End-User Industry
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