DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Synthetic Rope Market by Material Type, End-Use Industry and by Region - Global Forecast to 2021" report to their offering.
The synthetic ropes market is projected to witness a CAGR of 5.9% from 2016 to reach a market size of USD 1.69 billion by 2021. The growth of the market is attributed to the excellent strength of synthetic ropes and their low weight. Another prime driver for the market is the safety aspects of synthetic ropes, when used under harsh operational conditions.
The marine industry uses synthetic ropes on a large scale. Due to the use of these ropes, marine mooring lines, ship-assist ropes, inland towing lines, and hoisting lines become stronger, lighter, more buoyant, and less susceptible to abrasion. Moreover, the emergence of marine renewable energy (MRE) has become a major contributor to the rise in the use of synthetic ropes in the marine & fishing industry.
This study will help the market leaders/new entrants in this market in the following ways:
- This report segments the synthetic ropes market comprehensively and provides the closest approximations for the overall market size and subsegments across different verticals and regions.
- This report will help stakeholders to better understand the competitors and gain more insights about the business. The competitive landscape section includes competitor ecosystem, capacity expansions, new product developments, partnerships & agreements, joint ventures, R&D, and mergers & acquisitions
- Bridon International Ltd
- Cortland Limited
- English Braids Ltd
- Lanex A.S.
- Marlow Ropes Ltd
- Samson Rope Technologies, Inc.
- Southern Ropes
- Teufelberger Holding AG
- Wireco Worldgroup Inc.
Yale Cordage Inc.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Synthetic Ropes Market, By Material Type
8 Synthetic Ropes Market, By End-Use Industry
9 Synthetic Ropes Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/b34cbd/synthetic_rope