Steel Wire Rope & Plastic Rope Market: Competitive Analysis and Global Outlook 2022-2027

August 22, 2022

August 22^th,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Steel Wire Rope & Plastic Rope Market over the trend period from 2016 to 2021 and forecast period from 2022 to 2027. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Steel Wire Rope & Plastic Rope Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Steel Wire Rope & Plastic Rope Market is no different. Derived from the previous market scenario, the Steel Wire Rope & Plastic Rope Market is likely to witness an impressive CAGR of 5.2% during the forecast period. 

Key Players:

• Bekaert SA
• Cortland Limited
• English Braids Ltd.
• Jiangsu Langshan
• Marlow Ropes Ltd.
• Samson Rope Technologies, Inc.
• Southern Ropes
• Teufelberger Holding AG
• Usha Martin
• Wireco Worldgroup Inc.

The Steel Wire Rope & Plastic Rope Market is segmented by–

• by Type of Lay (Regular Lay and Lang Lay),
• by Material Type (Polypropylene, Polyester, Nylon, HMPE, and Specialty Fibers),
• by Application Type (Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial & Crane, Mining, Construction, and Others), and
• by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2872/steel-wire-rope-and-plastic-rope-market.html#form

Regional analysis:

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for steel wire rope & plastic ropes during the forecast period, due to increase in the usage of steel ropes in various sectors, such as fishing, mining and construction. Recovery in end-use industries and advancement of industrial technology solutions are supporting the growth of the steel wire rope & plastic rope market in the region. The growth of the region's steel wire rope market is driven by the increasing demand for steel wire ropes from the industrial & crane, mining, and construction sectors. Increased urbanization and industrialization in countries such as China, India, and Japan are also driving the growth of the regional market.

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Author : Emily