Product Code: ETC373764 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Synthetic Rope Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.09% in 2028, following an initial rate of 12.57%, before easing to 13.82% at the end of the period.
The India synthetic rope market was estimated at around US$ 989 million and is anticipated to expand at a CAGR of 5% during the forecast period. Increasing awareness regarding benefits associated with synthetic ropes along with stringent regulations imposed by regulatory bodies pertaining application safety standards are driving adoption rates significantly across industries such as marine transportation services among others thereby fueling overall revenue generation potentials within this particular segment going forward. Furthermore some recent innovations like Twisted 3 Strand Multiplait technology has enabled manufacturers increase strength while reducing weight which has further propelled commercial viability making these equipment attractive options amongst users consequently creating healthy sales outlooks over next few years time span all together helping industry players strengthen their foothold within competitive landscape.
The India synthetic rope market has experienced significant growth due to its advantages over traditional natural fiber ropes. Synthetic ropes offer higher strength, durability, and resistance to environmental factors, making them suitable for various applications in industries such as shipping, marine, construction, and sports. The growing need for efficient and reliable load-bearing solutions in these sectors has driven the demand for synthetic ropes. Furthermore, the increasing investments in infrastructure development projects have also boosted the market as synthetic ropes find extensive usage in lifting and rigging operations.
The synthetic rope market in India has seen robust growth owing to its widespread applications in various industries, including shipping, construction, and sports. Nevertheless, there are certain restraints to be considered. Concerns over the long-term durability of synthetic ropes compared to traditional natural fibers like hemp or manila have limited their adoption in certain applications. Furthermore, fluctuations in the prices of raw materials, particularly petrochemical-based polymers used in synthetic rope production, have impacted the market`s profitability.
The synthetic rope market experienced mixed effects during the pandemic. While demand from industries like marine, construction, and logistics decreased, there was an increase in the use of synthetic ropes for healthcare purposes, such as making improvised medical equipment and temporary isolation areas.
With the rising demand for durable ropes across various sectors, the synthetic rope market in India is experiencing substantial growth. Key players in this market include Samson Ropes Technologies India Pvt Ltd, KISWIRE Ltd., English India Clays Ltd, Bekaert, and Southern Ropes Limited.