South Korea Synthetic Fibre Rope Market was valued at USD 0.20 Billion in 2022 and is projected to reach USD 0.30 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea synthetic fibre rope market has witnessed remarkable growth in recent years, driven by an increasing demand from various industries requiring durable, high-performance materials. Synthetic fibre ropes, made from materials like nylon, polyester, and polypropylene, are known for their lightweight yet strong properties, making them highly versatile in numerous applications across different sectors.
One of the key applications of synthetic fibre ropes in South Korea is in the maritime and shipping industry. These ropes are widely used in mooring ships, towing vessels, and anchoring large boats. Their ability to withstand harsh marine environments, including saltwater corrosion and UV degradation, makes them essential in ensuring the safety and efficiency of operations at sea. The strong tensile strength of synthetic fibres allows these ropes to handle heavy loads, which is crucial for the shipping industry.
In addition to maritime uses, synthetic fibre ropes are increasingly popular in construction and infrastructure projects. With the growing demand for high-rise buildings and complex construction sites, ropes made from synthetic fibres are preferred for tasks like lifting heavy equipment, securing materials, and performing rescue operations. These ropes provide superior strength-to-weight ratios, making them easy to handle without compromising safety.
The South Korea synthetic fibre rope market is also expanding in the sports and recreational sector. These ropes are used in activities such as rock climbing, fishing, and adventure sports, where reliability and durability are critical. The ropes' resistance to abrasion and the elements ensures they maintain performance in outdoor environments, contributing to their popularity among both professional athletes and recreational users.
Industries also require synthetic fibre ropes for their ability to handle extreme temperatures and resist chemicals, which adds to their appeal for sectors like mining and oil exploration. The versatility and durability of synthetic ropes make them indispensable tools in many high-risk and demanding industries, offering a safe and cost-effective alternative to traditional materials.
As South Korea continues to industrialize and diversify its economic landscape, the demand for synthetic fibre ropes is expected to keep rising, with innovations in materials further enhancing their applications and requirements across sectors.
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Wireco World Group
Samson Rope Technologies
Garware-Wall Ropes Ltd.
Bridon International Ltd
Teufelberger Holding AG
Marlow Ropes Ltd.
Yale Cordage Inc Juli Sling
Cortland Limited
Southern Ropes
Lanex A.S
GRPP
English Braids Ltd
Taizhou Hongda
Katradis
Jiangsu Shenyun
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Synthetic Fibre Rope Market
Polypropylene (PP)
Nylon
Polyester
High Modulus Polyethylene (HMPE)
Other Synthetic Fibres
Single Braided
Double Braided
Twisted
Multi-strand
Other Construction Types
Agriculture
Marine
Construction
Oil & Gas
Mining
Telecommunications
Sports & Recreation
Others
Less than 6mm
6mm to 12mm
12mm to 20mm
20mm to 32mm
More than 32mm
Rigging & Lifting
Fishing
Water Sports
Rescue Operations
General Purpose Use
Other Applications
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Synthetic Fibre Rope Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Synthetic Fibre Rope Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Synthetic Fibre Rope Market, By Type
6. South Korea Synthetic Fibre Rope Market, By Application
7. South Korea Synthetic Fibre Rope Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Synthetic Fibre Rope Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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