Global High Modulus Polyethylene Rope Market-Industry Analysis and Forecast (202

Posted by jay on December 24th, 2020

Global high modulus polyethylene rope market size was valued at US$ 256.2 Mn 2019 and is expected to reach US$ 528.45 Bn by 2027, at a CAGR of 10.12% during a forecast period.

Global High Modulus Polyethylene Rope Market

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

Market Introduction:

High-modulus polyethylene (HMPE) fibre is produced by gel spinning ultra-high molecular weight polyethylene (UHMWPE). HMPE have immensely low coefficient of friction and is enormously unaffected to scratch. It has great strength compared to other fiber and metal rope material and have broad range of application in industrial sector.

Market Dynamic:

The marine is a major end-users segment driving the overall global market growth. Tremendous growth observed in the consumption of sea food industries is intensifying the overall market growth, hence upsurge of aquaculture application of the material across the globe expected to push the usage of (HMPE) rope in fishing and shipping application. Characteristics of HMPE include elongation at break, UV stable, vibration damping, low electrical conductivity, high strength, low stretch, self-lubricating and other properties of the material attracting the vendors to invest in the market will fuel the market growth and expected to generate numerous opportunity by 2027. Development and adoption of developed technology by the population and major contributors involved in the market growth have been fuelling the market growth in terms of value and volume. The preference of high modulus polyethylene rope over the conventional material such as fibers and steel is considered as a major growth driver for the market. Customization in the shape and size with high demand for durable, safe and lightweight materials is making the product popular and is getting utilized by the numerous sector including leisure, industrial which is further used in elating of cables and hangs, also used in body armour, climbing equipment, spear lines for spear-guns and bow strings, cut-resistant gloves and clothing, and many more will help to heighten the market demand. Moreover, presence of substitutes in the market with fluctuation in raw material cost is hindering the market growth.

High Modulus Polyethylene Rope Market Segment analysis:

In terms of product type, the 8 stands sector is expected to dominate the market during the forecast year and was valued at US$ X.1 Bn in the year 2019. Main factor to boost this segment is registered for benefits of high modulus polyethylene rope including high friction coefficient, corrosion resistance and lightweight of the end-product. Hence, this 8 strand ropes plays a huge role in marine application owing to its excellent grip and high strength.

High Modulus Polyethylene Rope Market Regional analysis:

Regionally, the Asia-Pacific region stands to record the fastest growing market for high modulus polyethylene rope market. Factors to boost the high modulus polyethylene rope owing to the increasing application have been driving the high modulus polyethylene rope requirement in the Asia Pacific region. The Asia Pacific has registered a lucrative growth in 2019 at an estimated CAGR of 5% with a calculated market share of 45% and the size expected to get stretched by 2027. Besides that, development in industrial infrastructure and its capability to float is beneficial in marine atmosphere pulling equipment and machinery manufacturing industries across the region is going to broaden the industrial segment in the region is considered as another factor to boost the market demand in APAC.

Secondly, North America is anticipated to witness the fastest market growth after APAC during the forecast period. Advanced technology method of manufacturing with industrialization in this region, expected to register a strong place for the growth of the HMPE rope market in the North America region.

The objective of the report is to present a comprehensive analysis of the Global High Modulus Polyethylene Rope Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global High Modulus Polyethylene Rope Market dynamics, structure by analysing the market segments and project the Global High Modulus Polyethylene Rope Market size. Clear representation of competitive analysis of key players by End-user, price, financial position, Product portfolio, growth strategies, and regional presence in the Global High Modulus Polyethylene Rope Market make the report investor’s guide.
Scope of High Modulus Polyethylene Rope Market

Global High Modulus Polyethylene Rope market, By Product Type

• 3 Strand
• 8 Strand
• 12 Strand
• Others
Global High Modulus Polyethylene Rope market, By Application

• Industrial
• Leisure
• Marine
• Other
Global High Modulus Polyethylene Rope market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the High Modulus Polyethylene Rope Market,

• Lankhorst(WireCo)
• English Braids
• Marlow Ropes
• Southern Ropes
• Taizhou Hongda
• Jiangsu Shenyun
• Hunan Zhongtai
• Ningbo Dacheng
• Rope Technology
• Juli Sling
• Samson
• Bridon
• Katradis
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