Global Steel Rope and Plastic Rope Market Report 2021: Sports and Leisure is Fastest Growing Sector
DUBLIN, June 2, 2021 / PRNewswire / – The “market for steel cables and plastic cables by type of laying (regular laying, Lang lay), Material Type (PP, PET, Nylon, HMPE, Specialty Fibers), Application (Marine & Fishing, Sports & Recreation, Oil & Gas, Industrial & Crane) Region – Global Forecast to 2026 “has been added to ResearchAndMarkets.com offer.
The global market size for steel cables and plastic cables is expected to grow by $ 11.9 billion in 2021 to $ 17.5 billion by 2026, to a CAGR of 8.0% between 2021 and 2026.
Steel cables and plastic cables are in demand in various applications, including marine and fishing, sports and recreation, oil and gas, industry and cranes, mining, construction and others; due to its advantageous properties such as high durability, temperature resistance, extremely light, and very stiff and good strength.
However, the global COVID-19 pandemic has disrupted the operations of various end-applications, reducing the demand for steel and plastic cables in 2020.
The regular laying type is the fastest growing type of steel wire laying, in terms of value.
Regular pitch ropes are more resistant to crushing forces, more naturally resistant to rotation, and wrap better in a drum than long pitch ropes. They are used for various applications, such as industry and crane, mining, oil and gas, construction and fishing and marine.
Polyester material type is the fastest growing type of plastic string material, in terms of value.
Polyester ropes are widely used for boat lines and sailing applications because they offer good strength, durability, relatively low stretch, and reasonable prices. Polyester ropes have good UV resistance and, unlike nylon, they retain their strength in wet conditions. Unlike nylon or polypropylene, polyester is not stretchable. It is generally used as an outer coating for a cord having a Kevlar core, which is UV sensitive.
Some of the downsides of polyester ropes are that they are not suitable if the load is prone to jerking. They do not provide resistance like nylon ropes. For many applications, polyester can only be used as an outer protective layer, as it exhibits excellent abrasion resistance. Polyester ropes are often used for winches, capstans, and pulleys and hoists. They have low stretch and low creep
Sports & Leisure is the fastest growing application for steel cables and plastic cables, in terms of value.
In sports and recreation applications, plastic ropes are used in racing cars, exercise machines, camera flight devices, static lines, stunts, tie-downs and accessory cords. HMPE fiber tent shinning line, glider lines, kite surf line, safety rope lines, climbing ropes, fitness ropes, parachute ropes and camping ropes are some – some of the other types of plastic ropes used in this industry.
Various plastic ropes are used in polypropylene, polyester, nylon and others. They are also used in the film industry to control camera lines. The market for this application has potential for growth during the forecast period, as the ropes also help in rescue and safety operations during any sporting activity.
APAC is the fastest growing market for steel cables and plastic cables.
APAC is expected to register the highest CAGR in terms of value in the global steel cable and plastic cable market during the forecast period. The growth of steel cable and plastic cable industry in this region is supported by the recovery of end-use industries, advancement of industrial technological solutions.
The APAC steel wire ropes market is driven by increasing consumption in industrial and crane, mining and construction sectors. Increased urbanization and industrial development in countries such as China, India, and Japan are also the market engine in the region.
Due to COVID-19, many industries and companies have shut down production sites in various countries, resulting in reduced demand for steel and plastic cables in APAC countries. The resumption of end-use applications with restoration in the supply chain would drive the demand for steel cables and plastic cables during the forecast period.
- High strength and low weight plastic ropes
- Safety aspects of plastic ropes
- Development of infrastructure, increase in industrial activities and growth of the mining industry
- High cost of raw materials and frequent preventive maintenance of plastic ropes
- Declining economy due to COVID-19
- Plastic ropes as a better alternative to steel wire ropes
- Growing Fishing and Mining Sectors in ICCA
- Growing use of HMPE and specialty fiber ropes for mooring in marine applications
- Lack of awareness of the benefits of using plastic ropes
- Corrosion of steel wire cables
Supply chain analysis
Porter’s Five Forces Analysis
Ecosystem: steel cable market
Value chain analysis
Impact of COVID-19 on the value chain of steel cables and plastic cables
- Raw materials
- Rope Manufacturers
- Main patent applicants
- Figure 21 Main patent applicants
- List of patents by China University of Mines and Technology
- Zoomlion Heavy Ind Sci & Tech Patent List.
- List of Kone Corp. patents.
- Patent List of Jiangsu Fasten Tech Development Center Co Ltd.
- List of patents by Univ Taiyuan Technology
- Xuzhou Coal Mine Safety Equipment Mft Co Ltd Patent List
- Top 10 Patent Owners (Us) in the Last 10 Years
Tariff and regulations
Key market for import / export
Impact of COVID-19 on the market
Case study analysis
- Cortland Limited
- Wireco Worldgroup Inc.
- Samson Rope Technologies
- Southern strings
- English Braids Ltd.
- Marlow strings
- Teufelberger Holding AG
- Bekaert SA
- Jiangsu Langshan Wire Rope Co., Ltd.
- Oucha Martin
- Gustav Wolf GmbH
- Yale string
- Lanex AS
- Tokyo Rope Mfg. Co., Ltd.
- Bexco SA
- Braids Novatec, Ltd.
- Katradis Marine Ropes Ind. HER
- Swr, Ltd.
- Mazzella companies
- Shinko Wire Company, Ltd.
- Saint-Gobain Performance Plastics
- Parker Hannifin Corporation
For more information on this report, visit https://www.researchandmarkets.com/r/l3aedz
Research and markets
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SOURCE Research and Markets