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Home » Chemicals and Materials » Synthetic Rope Market Report 2030

Synthetic Rope Market By Type (Polypropylene, Nylon, Polyester, Polyethylene, Specialty Fibers); By Application (Marine & Fishing, Oil & Gas, Sports & Leisure, Construction, Mining, Others); By End-Use Industry (Maritime, Energy, Industrial, Defense, Others); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Published On: JAN-2025   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 39099764

Synthetic Rope Market Size: Measuring the Global Impact of Lightweight Durability

The global synthetic rope market was valued at approximately $2.4 billion in 2023 and is projected to expand at a CAGR of 5.8% from 2024 - 2030, reaching an estimated market size of $3.8 billion by 2030. The market's growth is fuelled by the expansion of offshore energy projects, increasing investments in infrastructure development & advancements in rope technologies. Additionally, rising awareness of sustainability has led to innovations in recyclable & bio-based synthetic ropes, further boosting market demand.

 

The synthetic rope market is a rapidly evolving sector, driven by the increasing adoption of lightweight, durable, and high-performance ropes across industries such as marine, oil & gas, construction & renewable energy. Synthetic ropes, made from materials like polypropylene, polyester, nylon & specialty fibers, are preferred over traditional steel ropes due to their superior strength-to-weight ratio, corrosion resistance, & ease of handling. These ropes are essential in demanding applications, including deepwater mooring, towing & heavy lifting, where safety, efficiency & durability are critical.

 

Synthetic Rope Market Drivers: Anchored by Innovation and Performance

Increasing Demand from Marine and Offshore Applications

The growing adoption of synthetic ropes in marine and offshore industries is a major driver for the market. Synthetic ropes, such as polypropylene and polyester, offer high strength, lightweight & excellent resistance to abrasion & corrosion, making them indispensable for mooring, towing, & deepwater applications. For instance, the global offshore oil and gas market, valued at $160 billion in 2023, heavily relies on synthetic ropes for operational efficiency and safety in harsh environments.

Expansion of Renewable Energy Projects

The rising investments in offshore wind farms and renewable energy projects are propelling the demand for high-performance synthetic ropes. These ropes are used in anchoring & mooring floating wind platforms due to their lightweight & durability. According to the Global Wind Energy Council, offshore wind capacity is expected to grow at a CAGR of 13% from 2024 to 2030, creating significant growth opportunities for synthetic rope manufacturers.

 

Synthetic Rope Market Opportunities: Untangling Future Possibilities

Technological Advancements in Sustainable Ropes

The development of biodegradable & recyclable synthetic ropes presents a lucrative growth opportunity. Companies are increasingly investing in sustainable materials to address environmental concerns & align with global sustainability goals. For example, Teufelberger Holding AG has introduced bio-based & recyclable rope products targeting environmentally conscious markets.

Growing Demand in Emerging Economies

Emerging economies in APAC, Latin America, & Africa present untapped growth opportunities due to increasing investments in infrastructure, maritime activities & aquaculture. Countries like India & Brazil are expanding their fishing & marine industries, driving demand for synthetic ropes. For instance, the Indian aquaculture industry is growing at a CAGR of 7.5%, boosting the need for lightweight & durable synthetic ropes in netting and mooring.

 

Synthetic Rope Market Challenges: Navigating the Knots of Complexity

High Initial Cost of Synthetic Ropes

The high upfront cost of synthetic ropes, especially specialty fibers like HMPE and aramid, acts as a restraint for the market. While these ropes offer superior performance and durability compared to steel ropes, their higher cost limits adoption in cost-sensitive industries such as small-scale fishing and general construction.

Environmental Concerns Regarding Disposal

The non-biodegradable nature of most synthetic ropes raises environmental concerns regarding disposal and waste management. The marine industry faces criticism for the environmental impact of discarded ropes contributing to ocean pollution. For instance, synthetic fishing gear accounts for a significant portion of the 640,000 tons of abandoned gear in oceans annually, posing challenges to sustainable growth.

 

Synthetic Rope Market Segmentation: A Deep Dive into Versatility

By Type

  • Polypropylene

  • Nylon

  • Polyester

  • Polyethylene

  • Specialty Fibers

 

By Application

  • Marine & Fishing

  • Oil & Gas

  • Sports & Leisure

  • Construction

  • Mining

  • Others

 

By End-Use Industry

  • Maritime

  • Energy

  • Industrial

  • Defense

  • Others

 

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

 

Segment Analysis: Synthetic Rope Applications That Are Making Waves

By Type

Leading Segment: Polypropylene

Polypropylene is the most widely used synthetic rope type, accounting for approximately 35% of the market share in 2023. Its lightweight, low cost, and resistance to moisture and chemicals make it ideal for applications in marine and fishing, construction, and general industrial use.  Polypropylene ropes are extensively used for mooring & netting in the fishing industry due to their excellent floatation properties. The affordability & versatility of this material ensure its dominance across multiple industries.

Fastest-Growing Segment: Specialty Fibers

Specialty fibers, such as HMPE (High Modulus Polyethylene) and aramid fibers, are the fastest-growing segment, projected to expand at a CAGR of 8.2% from 2024 - 2030. These ropes are preferred for high-performance applications in defense, offshore oil and gas, and renewable energy due to their superior strength to weight ratio & durability. For instance, HMPE ropes are widely used in offshore mooring systems & renewable energy installations like wind farms, where weight reduction & reliability are critical.

 

By Application

Leading Segment: Marine & Fishing

The marine and fishing sector is the largest application segment, contributing over 40% of the market share in 2023. Synthetic ropes are essential in this sector for mooring, towing & trawling due to their resistance to saltwater, UV radiation & abrasion. Polypropylene & polyethylene ropes are particularly popular, as they are cost-effective & lightweight. For example, fishing trawlers rely heavily on synthetic ropes for nets & lines, improving operational efficiency.

Fastest-Growing Segment: Oil & Gas

The oil & gas sector is the fastest-growing application segment, with a projected CAGR of 7.5%. The increasing adoption of synthetic ropes in offshore drilling & mooring applications drives this growth. These ropes are preferred over steel wires for their corrosion resistance, reduced weight, and ease of handling. Polyester ropes are widely used in deepwater mooring systems, providing strength & reliability in extreme underwater conditions.

 

By End-Use Industry

Leading Segment: Maritime

The maritime industry leads the market, holding over 35% of the market share in 2023. Synthetic ropes are indispensable in shipping & naval operations, particularly for mooring, towing & anchoring. The shift from traditional steel ropes to synthetic ropes in maritime applications is driven by the need for lightweight & durable materials which reduces fuel consumption & improve handling.

Fastest-Growing Segment: Energy

The energy sector, including renewable energy and offshore oil & gas, is the fastest-growing segment, with a CAGR of 8.1%. The expansion of offshore wind farms & the increasing demand for mooring solutions in oil & gas platforms drive this growth. HMPE and polyester ropes are extensively used in renewable energy projects for securing floating platforms and turbines.

 

By Region

Leading Region: North America

North America holds the largest market share, accounting for over 38% in 2023, driven by high demand in the oil & gas, maritime & construction sectors. The presence of key players, such as Samson Rope Technologies & WireCo WorldGroup, further solidifies the region’s leadership. For instance, the U.S. offshore oil industry extensively uses synthetic ropes for deepwater drilling operations.

Fastest-Growing Region: Asia Pacific

Asia Pacific is the fastest-growing region, projected to expand at a CAGR of 7.9% from 2024 - 2030. The growth is attributed to increasing investments in infrastructure development, marine activities, and renewable energy projects in countries like China, India, and Japan. The rising adoption of synthetic ropes in fishing and aquaculture, along with rapid industrialization, is driving regional growth.

 

Key Players in the Synthetic Rope Market: The Industry’s Anchors of Innovation

  • Cortland Limited

  • Samson Rope Technologies

  • Bridon-Bekaert Ropes Group

  • Teufelberger Holding AG

  • WireCo WorldGroup Inc.

  • Marlow Ropes Ltd.

  • Southern Ropes

  • Yale Cordage Inc.

  • Lanex A.S.

  • Touwfabriek Langman BV

 

Synthetic Rope Market Report Coverage

Report Attribute

Details

Forecast Period

2023 – 2030

Market Size Value in 2023

USD 2.4 Billion

Revenue Forecast in 2030

USD 3.8 Billion

Overall Growth Rate

CAGR of 5.8%

Base Year for Estimation

2023

Historical Data

2017 – 2021

Unit

USD Million, CAGR (2023 – 2030)

Segmentation

By Type, By Application, By End-Use Industry, By Geography

By Type

Polypropylene, Nylon, Polyester, Polyethylene, Specialty Fibers

By Application

Marine & Fishing, Oil & Gas, Sports & Leisure, Construction, Mining, Others

By End-Use Industry

Maritime, Energy, Industrial, Defense, Others

By Region

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Country Scope

US, Canada, Germany, China, India, etc.

Pricing and Purchase Options

Customized options available

 

Future Outlook

The synthetic rope market is expected to witness robust growth in the coming years, driven by increasing demand across marine, oil and gas, and construction industries. The superior properties of synthetic ropes, such as corrosion resistance, high strength to weight ratio & durability, make them an ideal choice for heavy-duty applications, particularly in offshore energy projects & deep-sea exploration. As industries transition toward lightweight & high-performance materials, synthetic ropes are likely to replace traditional steel ropes in several critical applications. The growing emphasis on renewable energy, including offshore wind installations, is anticipated to create additional opportunities for synthetic rope manufacturers. Emerging economies in Asia Pacific and Latin America are expected to drive market expansion, supported by infrastructure development and investments in maritime activities. With ongoing technological advancements & increasing adoption of sustainable materials, the synthetic rope market is poised to achieve a steady CAGR of 5.9% through 2030.

Frequently Asked Question About This Report

The marine and fishing segment held the largest market share in 2023, driven by the extensive use of synthetic ropes in mooring, towing, and trawling operations due to their lightweight, flexibility, and resistance to harsh environmental conditions.

The Synthetic Rope Market was valued at approximately $2.6 Bn in 2023 and is projected to reach $3.9 Bn by 2030, expanding at a CAGR of 5.9% during the forecast period.

Key growth drivers include the rising adoption of synthetic ropes in marine and offshore applications due to their high strength-to-weight ratio, increasing demand in construction and mining sectors, and superior durability and corrosion resistance compared to traditional steel ropes.

Major players in the market include Cortland Limited, Samson Rope Technologies, Teufelberger Holding AG, Bridon-Bekaert Ropes Group, WireCo WorldGroup Inc., Yale Cordage Inc., Marlow Ropes Ltd., Southern Ropes, Lanex A.S., and Touwfabriek Langman BV.

North America dominated the market in 2023, holding approximately 38% of the global market share, driven by the robust demand in the oil and gas, marine, and construction industries and increasing investments in offshore energy projects.

 Source-

  • https://gwec.net/wp-content/uploads/2024/04/GWR-2024_digital-version_final-1.pdf

  • https://www.teufelberger.com/en/about-us/sustainability.html

  • https://www.greenpeace.org/static/planet4-aotearoa-stateless/2019/11/b97726c9-ghost_fishing_gear_report_en_single-page_051119.pdf

Table of Contents for Global Synthetic Rope Market Report
Executive Summary
•    Overview of the Synthetic Rope Market
•    Market Attractiveness by Type, Application, End-Use Industry, and Region
•    Strategic Insights from Key Executives (CXO Perspective)
•    Historical Market Size and Future Projections (2022–2032)
•    Summary of Market Segmentation by Type, Application, End-Use Industry, and Region
Market Share Analysis
•    Leading Players by Revenue and Market Share
•    Market Share Analysis by Product Type and Application
Investment Opportunities in the Synthetic Rope Market
•    Key Developments and Innovations in the Synthetic Rope Industry
•    Mergers, Acquisitions, and Partnerships
•    High-Growth Segments for Investment
Market Introduction
•    Definition and Scope of the Study
•    Market Structure and Key Findings
•    Overview of Top Investment Pockets
Research Methodology
•    Research Process Overview
•    Primary and Secondary Research Approaches
•    Market Size Estimation and Forecasting Techniques
Market Dynamics
•    Drivers Supporting Market Growth
•    Restraints and Challenges Impacting the Market
•    Emerging Opportunities for Stakeholders
•    Impact of Macroeconomic and Technological Factors
•    COVID-19 Pandemic Analysis
Global Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type:
o    Polypropylene
o    Nylon
o    Polyester
o    Polyethylene
o    Specialty Fibers
•    Market Analysis by Application:
o    Marine & Fishing
o    Oil & Gas
o    Sports & Leisure
o    Construction
o    Mining
o    Others
•    Market Analysis by End-Use Industry:
o    Maritime
o    Energy
o    Industrial
o    Defense
o    Others
•    Market Analysis by Region:
o    North America
o    Europe
o    Asia Pacific
o    Latin America
o    Middle East & Africa
North America Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type:
o    Polypropylene
o    Nylon
o    Polyester
o    Polyethylene
o    Specialty Fibers
•    Market Analysis by Application:
o    Marine & Fishing
o    Oil & Gas
o    Sports & Leisure
o    Construction
o    Mining
o    Others
•    Market Analysis by End-Use Industry:
o    Maritime
o    Energy
o    Industrial
o    Defense
o    Others
•    Country-Level Breakdown:
o    United States
o    Canada
o    Mexico
Europe Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type
•    Market Analysis by Application
•    Market Analysis by End-Use Industry
•    Country-Level Breakdown:
o    Germany
o    United Kingdom
o    France
o    Italy
o    Spain
o    Rest of Europe
Asia Pacific Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type
•    Market Analysis by Application
•    Market Analysis by End-Use Industry
•    Country-Level Breakdown:
o    China
o    India
o    Japan
o    South Korea
o    Rest of Asia Pacific
Latin America Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type
•    Market Analysis by Application
•    Market Analysis by End-Use Industry
•    Country-Level Breakdown:
o    Brazil
o    Argentina
o    Rest of Latin America
Middle East and Africa Synthetic Rope Market Analysis
•    Historical Market Size and Volume (2022–2032)
•    Market Size and Volume Forecasts (2024–2032)
•    Market Analysis by Type
•    Market Analysis by Application
•    Market Analysis by End-Use Industry
•    Country-Level Breakdown:
o    GCC Countries
o    South Africa
o    Rest of Middle East and Africa
Key Players and Competitive Analysis
•    Cortland Limited: High-Performance Ropes for Maritime and Energy Applications
•    Samson Rope Technologies: Advanced Synthetic Ropes for Industrial Use
•    Bridon-Bekaert Ropes Group: Specialty Fibers for Defense and Energy Sectors
•    Teufelberger Holding AG: Lightweight and Durable Ropes for Sports and Construction
•    WireCo WorldGroup Inc.: Comprehensive Range of Synthetic Rope Products
•    Marlow Ropes Ltd.: Industry-Leading Ropes for Oil & Gas and Marine Applications
•    Southern Ropes: Affordable Ropes for Emerging Markets
•    Yale Cordage Inc.: Innovative Ropes for Leisure and Defense Applications
•    Lanex A.S.: Customizable Rope Solutions for Industrial Applications
•    Touwfabriek Langman BV: High-Quality Specialty Ropes for Mining
Appendix
•    Abbreviations and Terminologies Used in the Report
•    References and Sources
List of Tables
•    Market Size by Type, Application, and End-Use Industry (2024–2032)
•    Regional Market Breakdown by Type and Application (2024–2032)
List of Figures
•    Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
•    Regional Market Snapshot for Key Regions
•    Competitive Landscape and Market Share Analysis
•    Growth Strategies Adopted by Key Players
•    Market Share by Type and Application (2024 vs. 2032)

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