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Asia Pacific Synthetic Rope Market: By Material Type, By End User and Country
Asia Pacific Synthetic Rope Market: By Material Type, By End User and Country
Asia Pacific Synthetic Rope Market size was valued at US$ 173.9 billion in 2023 2023 and is poised to grow at a CAGR of 5.2% from 2024 to 2030. Some of the key factors responsible for the market growth include growth in awareness regarding sports, safety aspects of synthetic ropes, increasing demand for oil and gas extraction activities, increase in demand for crude oil and growing demand for construction industries. In addition, high demand from emerging economies provides huge growth opportunities for the market. Furthermore, Asia Pacific has a vast distribution network of synthetic ropes and well established. High breaking strength, robust spooling capabilities, high strength-to-weight ratio, healthier grip & lightweight, and better abrasion resistance amongst others are some benefits for which synthetic ropes are being mostly used for trawling applications. It is extensively preferred in various industries, such as mining, building & construction, oil & gas, marine & fishing and sports industry. It has been constantly attaining market approvals over the past few decades by replacing steel ropes. The world of high-performance synthetic rope is rapidly developing and becoming not only acceptable but preferred in more and more in various industries.
Hence, rising demand for synthetic ropes from various end user industries increases the market growth. The report elaborately studies Asia Pacific synthetic rope market dynamics to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Asia Pacific synthetic rope market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed Asia Pacific synthetic rope market to better equip clients with possible investment opportunities across the countries (countries Investment Hot-Spots) and market unmet needs (Product Opportunities).
Fluctuating prices of raw materials used for manufacturing synthetic ropes is the major factor restricting the market growth. Increasing crude oil prices have considerably inflated the price of synthetic fibers major raw materials for synthetic ropes. Accessibility of low cost competitor products, such as steel ropes, is likely to have an influence on customer preference limiting the growth of market.
China accounted for larger revenue share in Asia Pacific synthetic rope market with considerable CAGR. The growth can be attributed to offshore oil and gas demand, growing marine offshore anchoring systems and increasing aquaculture production.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2023 |
US$ 173.9 billion |
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By Material Type |
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By End User |
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By Country |
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The asia pacific synthetic rope market is projected to expand at a CAGR of 5.2% during the forecast period.
Bridon International Limited, Cortland Limited, English Braids Ltd, Honeywell International Inc, Marlow Ropes
The key segments covered in the asia pacific synthetic rope market are: by material type, end-users and country
| 1.Executive Summary |
| 2.Asia Pacific Synthetic Rope Market Introduction |
| 2.1.Asia Pacific Synthetic Rope Market - Taxonomy |
| 2.2.Asia Pacific Synthetic Rope Market - Definitions |
| 2.2.1.Material Type |
| 2.2.2.End User |
| 2.2.3.Country |
| 3.Asia Pacific Synthetic Rope Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Asia Pacific Synthetic Rope Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Asia Pacific Synthetic Rope Market By Material Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Nylon |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyester |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyethylene |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polypropylene |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Specialty Fibers |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Asia Pacific Synthetic Rope Market By End User , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Sports |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil & Gas |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Mining |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Marine & Fishing |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Cranes |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Building & Construction |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Asia Pacific Synthetic Rope Market By Country, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. China |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. India |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Australia and New Zealand (ANZ) |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Japan |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Rest of APAC |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.China Synthetic Rope Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Material Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Nylon |
| 8.1.2.Polyester |
| 8.1.3.Polyethylene |
| 8.1.4.Polypropylene |
| 8.1.5.Specialty Fibers |
| 8.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Sports |
| 8.2.2.Oil & Gas |
| 8.2.3.Mining |
| 8.2.4.Marine & Fishing |
| 8.2.5.Cranes |
| 8.2.6.Building & Construction |
| 8.2.7.Others |
| 9.India Synthetic Rope Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Nylon |
| 9.1.2.Polyester |
| 9.1.3.Polyethylene |
| 9.1.4.Polypropylene |
| 9.1.5.Specialty Fibers |
| 9.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Sports |
| 9.2.2.Oil & Gas |
| 9.2.3.Mining |
| 9.2.4.Marine & Fishing |
| 9.2.5.Cranes |
| 9.2.6.Building & Construction |
| 9.2.7.Others |
| 10.Australia and New Zealand (ANZ) Synthetic Rope Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Nylon |
| 10.1.2.Polyester |
| 10.1.3.Polyethylene |
| 10.1.4.Polypropylene |
| 10.1.5.Specialty Fibers |
| 10.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Sports |
| 10.2.2.Oil & Gas |
| 10.2.3.Mining |
| 10.2.4.Marine & Fishing |
| 10.2.5.Cranes |
| 10.2.6.Building & Construction |
| 10.2.7.Others |
| 11.Japan Synthetic Rope Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Nylon |
| 11.1.2.Polyester |
| 11.1.3.Polyethylene |
| 11.1.4.Polypropylene |
| 11.1.5.Specialty Fibers |
| 11.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Sports |
| 11.2.2.Oil & Gas |
| 11.2.3.Mining |
| 11.2.4.Marine & Fishing |
| 11.2.5.Cranes |
| 11.2.6.Building & Construction |
| 11.2.7.Others |
| 12.Rest of APACSynthetic Rope Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Nylon |
| 12.1.2.Polyester |
| 12.1.3.Polyethylene |
| 12.1.4.Polypropylene |
| 12.1.5.Specialty Fibers |
| 12.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Sports |
| 12.2.2.Oil & Gas |
| 12.2.3.Mining |
| 12.2.4.Marine & Fishing |
| 12.2.5.Cranes |
| 12.2.6.Building & Construction |
| 12.2.7.Others |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Bridon International Limited |
| 13.2.2.Cortland Limited |
| 13.2.3.English Braids Ltd |
| 13.2.4.Honeywell International Inc. |
| 13.2.5.Marlow Ropes |
| 13.2.6.Royal DSM |
| 13.2.7.Samson Rope Technologies |
| 13.2.8.Teijin Aramid |
| 13.2.9.WireCo World Group |
| 13.2.10.Yale Cordage Inc. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.