The report provides the analysis of Global Steel Wire Rope & Plastic Rope Market Insights, Forecast to 2025 report. Wire rope is the various strands of metal wire that are twisted into a helix forming, its a composite “rope”, in a pattern called as “laid rope”. The term “wire rope” refers to a diameter larger than 3/8 inch (9.52 mm), with smaller gauges designated cable or cords. Traditionally the wrought iron wires were used, but today steel is the main material used for wire ropes. The steel wire rope & plastic rope industry is growing due to its increasing demand from marine & fishing, industrial & crane, and mining industries.
According to the report, the steel wire rope & plastic rope market is projected to grow from USD 11.3 billion in 2019 to USD 14.5 billion by 2024, at a CAGR of 5.0% between 2019 and 2024. Steel wire rope & plastic ropes are lightweight and have excellent strength, low specific gravity, and superior modulus of elasticity, high corrosion resistance, and high mold ability.
The main aim of this report is to describe the various segments, and project the size of the Steel Wire Rope & Plastic Rope market based on company, product type, end user and key regions. The steel wire rope & plastic rope industry is growing due to its increasing demand from marine & fishing, industrial & crane, and mining industries. These ropes offer excellent impact resistance, flexibility, high strength, abrasion resistance, and corrosion resistance due to which they are preferred in these industries.
Key Drivers:
Teijin Limited (Japan)
Formosa Plastics Corporation (Taiwan)
Solvay (Belgium)
Toray Industries Inc. (Japan)
SGL Group (Germany)
Hexcel Corporation (US)
Mitsubishi Rayon Co. Ltd. (Japan)
Jiangsu Hengshen Co. Ltd. (China)
Hyosung (South Korea)
DowAksa (Turkey)
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Segmentation Global Steel Wire Rope & Plastic Rope Market Insights, Forecast to 2025
The report describes the global market size of Steel Wire Rope & Plastic Rope in key regions such as North America, Europe, China and Japan, focuses on the consumption of Steel Wire Rope & Plastic Rope in these regions. It characterizes the Global Steel Wire Rope & Plastic Rope market by top players/brands, region, type and end user. This report also studies the global Steel Wire Rope & Plastic Rope market status, opportunities and challenges market share, competition landscape, growth rate, future trends, market drivers, sales channels and distributors.
Report also includes Steel Wire Rope & Plastic Rope market size divided by Product Type Polypropylene, Polyester, Nylon, HMPE, Specialty Fibers and Steel. The Steel Wire Rope & Plastic Rope market size divided by Applications such as Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial, Mining, Construction, and Others.
The regional analysis contains the regions of North America, United States, Canada, Mexico, Europe, Germany, France, UK, Italy, Russia, Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Central & South America, Brazil, Middle East & Africa, Turkey, GCC Countries, Egypt and South Africa.
Finally, this report analysis the global Steel Wire Rope & Plastic Rope market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
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