Synthetic Ropes Market Seeing a Growth of 5.9% CAGR to 2021

PUNE, India, May 20, 2016 /PRNewswire/ --

Excellent strength is one of the top growth drivers for synthetic ropes market in addition to their low weight as well as safety aspects when used under harsh operational conditions. The worldwide synthetic rope market is projected to witness a rise of 5.9% CAGR from 2016 to reach a market size of USD 1.69 billion by 2021.

Complete report on global synthetic ropes market across 182 pages, profiling 11 companies and supported with 136 tables and 41 figures is now available at http://www.marketreportshub.com/synthetic-rope-industry-research-marketsandmarkets.html .

The marine industry uses synthetic ropes on a large scale. Due to the use of these ropes, marine mooring lines, ship-assist ropes, inland towing lines, and hoisting lines become stronger, lighter, more buoyant, and less susceptible to abrasion. Moreover, the emergence of marine renewable energy (MRE) has become a major contributor to the rise in the use of synthetic ropes in the marine & fishing industry.

The synthetic ropes market in North America is well established and the region has a vast distribution network of synthetic ropes. Canada and Mexico are projected to drive the market in the region owing to the large number of offshore oil & gas reserves that may use synthetic ropes instead of the heavy steel wire ropes. Mexico is projected to witness the highest CAGR in the North American market during the forecast period.

This report provides the company profiles and competitive strategies adopted by the major market players such as Samson Rope Technologies (U.S.), Cortland Limited (U.S.), and WireCo WorldGroup (U.S.). Order a copy of Synthetic Rope Market by Material Type (Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers), End-Use Industry (Marine & Fishing, Oil & Gas, Construction, Cranes, Sports & Leisure, Others), and by Region - Global Forecast to 2021 research at http://www.marketreportshub.com/purchase?rpid=3888 .

To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (22%), Tier 2 (33%) and Tier 3 (45%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (11%), Directors Level (30%) and others (59%) from various key organizations operating in the global synthetic ropes market. The primary interviews were conducted worldwide covering regions such as North America (22%), Europe (11%), APAC (56%) and RoW (11%).

On a related note, another research on Synthetic Lubricants Market Global Trends & Forecasts to 2020 says, the synthetic lubricants market size is expected to reach USD36.0 billion by 2020, registering a CAGR of 2.5% between 2015 and 2020. Engine oil application segment is to dominate the market. Asia-Pacific projected is to be fastest-growing market during forecast period. Companies like ExxonMobil Corporation, Royal Dutch Shell Plc., Fuchs Petrolub SE, Total S.A., Chevron Corporation, Lubrizol Corporation, Idemitsu Kosan Co. Ltd, Pennzoil, The Dow Chemical Company and Petroliam Nasional Berhad have been profiled in this 138 pages research report available at http://www.marketreportshub.com/synthetic-lubricants-industry-research-marketsandmarkets.html .

Explore more reports on Materials & Chemicals market at http://www.marketreportshub.com/categories/materials-chemicals .

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