Global Steel Wire Rope & Plastic Rope Market is growing at a CAGR of 6.5% from2018 to 2027.

Some of the key players profiled in the Steel Wire Rope & Plastic Rope market include Bekaert SA, Bexco NV SA, Cortland Limited, DSR, English Braids Ltd, Katradis Marine Ropes Ind. S.A., Kiswire, Lanex A.S, Wireco Worldgroup Inc. and Yale Cordage Inc

Gaithersburg, Maryland, United States – October 9, 2019 /MarketersMedia/ —

High strength, the low weight of plastic ropes and safety aspects of plastic ropes are some of the factors fuelling the market growth. However, the high cost of raw materials and frequent preventive maintenance of plastic ropes are restricting the market growth.

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Steel wire ropes and plastic ropes are two categories of rope made from different materials and have a different construction. The steel wire rope design consists of multiple steel wires that form individual strands laid in a helical pattern around a core. This structure provides strength, flexibility, abrasion resistance, fatigue resistance, and the ability to handle bending stresses. Four factors determine the properties and application of steel wire ropes, which include its construction, coating, core, and type of lay. A plastic rope is a bundle of flexible synthetic fibres that are braided or twisted together to enhance its length and tensile strength. Plastic ropes are made of synthetic fibres, such as nylon, polyester, HMPE, and polypropylene. They provide properties such as high strength, durability, low weight, and corrosion resistance.

Based on application, the industrial & crane segment is estimated to have a lucrative growth due to the large consumption of these ropes in this industry. These ropes have excellent impact resistance, flexibility, and high strength due to which they are preferred in industrial & crane sector.

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By Geography, Asia Pacific is likely to have a huge demand due to the increase in demand for steel wire rope & plastic ropes from marine & fishing, construction, mining, and other industries. APAC is one of the key markets for steel wire ropes with considerable scope for growth in construction, fishing, and mining sectors.

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Materials Covered:
• High-Modulus Polyethylene (HMPE)
• Nylon
• Polyester
• Polypropylene
• Speciality Fibers
• Steel

Type Of Lays Covered:
• Lang Lay
• Regular Lay

Applications Covered:
• Construction
• Crane
• Industrial & Crane
• Marine & Fishing
• Marine & Fishing
• Mining
• Oil & Gas
• Sports & Leisure
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
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Organization: Stratistics Market Research Consulting Pvt Ltd
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Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/global-steel-wire-rope-plastic-rope-market-is-growing-at-a-cagr-of-65-from2018-to-2027/88926645

Source: MarketersMedia

Release ID: 88926645

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