Ultra High Molecular Weight Polyethylene Rope Market Size and Trends

Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market, By Product Type (3 Strands, 8 Strands, 12 Strands), By Application (Oil & Gas, Construction, Marine, Military & Aviation, Mining, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023

Code : CMI3088

Pages :140

Formats :

Excel and PDF

Industry : Polymers and Resins

Ultra High Molecular Weight Polyethylene Rope MarketSize and Trends

The global ultra-high molecular weight polyethylene (UHMWPE) rope market was valued at US$ 225.7 million in 2022 and is expected to register a CAGR of 8.89% in terms of revenue over the forecast period (2023– 2030).

Ultra high molecular weight polyethylene (UHMWPE) rope is an extremely tough plastic with high friction and abrasion resistance. UHMWPE ropes are three times stronger than polyester and 7-9 times stronger than steel of equal weight. Ultra high molecular weight polyethylene (UHMWPE) ropes are majorly used in industries such as marine, oil & gas, and aerospace for efficient and safe lifting and dragging of heavy loads. The market is projected to reach US$ 368.2 million by the end of 2030. Over the forecast period, owing to benefits offered by UHMWPE rope such as its lightweight, high strength & durability, and its floating ability on water.

Market Trends:

Market Trends:

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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.