Synthetic Rope Market to experience an impressive growth of 6.4% during 2016-2021
February 10, 2020
Synthetic Rope Market offers a healthy growth opportunity and is likely to experience 6.4% CAGR during the forecast period of 2016 to 2021. Marine & Fishing segment is likely to remain the growth engine of the synthetic rope market during the forecast period. Synthetic ropes provide excellent corrosion and abrasion resistance and light weighting in the wide array of marine & fishing applications, such as mooning lines, towing lines, hoisting lines.
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Synthetic Rope Market Segment Insights:
By Region:
North America is expected to remain the largest market for synthetic rope in the next five years. Excellent distribution network across North America region, high marine & fishing activities, high offshore oil & gas activities are the prime drivers of the North American synthetic rope market.
Key Players:
The key synthetic rope manufactures are WireCo Worldgroup Inc., Cortland Limited, Marlow Ropes, Samson Ropes Technologies, and Bridon International. New product development and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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