ULTRA HIGH MOLECULAR WEIGHT POLYETHYLENE ROPE MARKET ANALYSIS

Market Challenges And Opportunities

Driver:

Emerging applications such as sports and leisure activities:

Emerging applications such as sports and leisure activities where global ultra-high molecular weight polyethylene (UHMWPE) rope market ropes are used are expected to create growth opportunities for players operating in the global ultra-high molecular weight polyethylene (UHMWPE) rope market over the forecast period. UHMWPE ropes intended for applications in sports & leisure activities and in the healthcare industry are being developed by key players, in order to expand their product portfolio and strengthen their consumer base. For instance, USA Rope and Recovery LLC, a manufacturer of synthetic ropes headquartered in Pennsylvania, U.S., offers UHMWPE fiber string, line, and rope with high durability for medical as well as sports applications, such as bowstrings and suspension lines on parachutes and paragliding equipment. UHMWPE ropes can be used in sports applications, owing to the benefits such as wear resistance and impact resistance. These ropes can also be used in the healthcare industry, as it is chemically inert and also biocompatible.

Gaining popularity of ropes in the aerospace industry:

These ropes are gaining popularity in the aerospace industry, owing to the physical and chemical properties of ultra-high molecular weight polyethylene ropes such as high resistance to chemicals, water, and ultraviolet light, high strength, corrosion resistance, resistance to abrasion, flexible, light-weight, and high safety performance. Therefore, the growth of the aerospace industry is expected to drive the global ultra-high molecular weight polyethylene (UHMWPE) rope market growth over the forecast period. For instance, according to the U.S. Department of Transportation, Federal Aviation Administration the From FY 2021-2025, average annual growth rates for ASM (Available Seat Mile) and RPM (Revenue Passenger Mile) are projected to be just over 16% while enplanements are forecast to grow at 19%. From FY 2025-2041, annual growth for ASM and RPM is forecast at 3.0% while enplanements will grow at a rate of 3.1%. Taking these two periods as a whole gives annual growth rates from FY 2021-2041 for ASM, RPM, and enplanements of 6.0, 6.6, and 6.1%, respectively.

Restraint:

Availability of alternatives:

The availability of alternatives such as polyester and polypropylene is expected to restrain the growth of the global global ultra-high molecular weight polyethylene (UHMWPE) rope market. Key players in the global market are focused on producing ropes made from other materials. For instance, on March 25, 2023, Verlinde is a construction Equipment Supplier launched a new range of synthetic rope electric hoists. Verlinde EUROBLOC VF synthetic rope electric hoists are available in 3 models according to the load supported. By promoting ultra-high molecular weight polyethylene (UHMWPE) rope can counter this restraint.