High Modulus Polyethylene Ropes Market Infographics Description:
- The global Polyethylene market size is expected to be worth around USD 181.1 billion by 2033, from USD 123.5 billion in 2023, growing at a CAGR of 3.9% during the forecast period from 2023 to 2033.
- The global high-modulus polyethylene ropes market was valued at US$ 305.8 Mn in 2019.
- The worldwide high-modulus polyethylene ropes market is projected to reach US$ 593.5 Mn in 2029 at a CAGR of 7.3% from 2019 to 2029.
- Based on product type, the 12-strand segment in the global high-modulus polyethylene ropes market is estimated to account for a majority revenue share of 42.2% in 2019 and is expected to continue its dominance over the forecast period. This is attributed to increasing demand for lightweight and durable materials in various applications including mining, marine, industrial, leisure activities, and others.
- Revenue from the 12-Strand segment is expected to increase 8.0X between 2019 to 2029.
- Among all the end-use segments, the marine segment is expected to be the largest segment with a revenue of USD 103.6 Mn in 2019 and is projected to dominate the target market over the forecast period due to increasing construction and marine activities for mooring, lifting, towing, and other applications globally.
- The Asia-Pacific market is estimated to account for a major revenue share of US$ 82.5 Mn in 2019 and is expected to register a CAGR of 8.2% in the next ten years. The market in Europe accounts for the second-highest revenue share in the global high-modulus polyethylene ropes market.
- Companies profiled in the report are Koninklijke DSM N.V., Bridon-Bekaert Ropes Group, Wilh. Wilhelmsen Holding ASA, Lankhorst Ropes, Tokyo Seiko Rope Mfg. Co., Ltd., Juli Sling Co., Ltd., Garware Technical Fibres Ltd, Samson Rope Technologies Inc., Ningbo Dacheng Advanced Material Co., Ltd., Katradis-Marine Ropes SA, English Braids Limited (Marlow Ropes Ltd.), Southern Ropes Ltd, Taizhou Hongda Rope & Net Co., Ltd.
