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Rubber ropes are special kind of ropes manufactured from synthetic or natural rubber. These ropes are generally used for applications that need elasticity. These ropes are generally high in tensile strength, resistance to flames, chemicals and abrasions. These ropes are flexible and are often used in sports and fitness centres due to the elasticity and ability to stretch twice its length simultaneously maintaining its original length and other parameters.
Increasing awareness about physical fitness in youth is boosting the demand for different types of fitness equipment which includes rubber ropes for aerial acts, cardio, and other training programs. Additionally, weaved rubber ropes in automotive industry is used to tighten up the cargo. Secure fixation is ensured by the rubber ropes which play important roles as shock absorbers in vehicles. They are also used in car tarpaulins, hence, increase in the demand for rubber ropes from automotive industry is expected to drive the market growth.
However, growth of the rubber ropes market is expected to limit due to the volatility in the cost of raw materials like latex, polypropylene, polyurethane that are used in weaved rubber ropes.
Key Market Driver -
Increasing demand from sports and automotive industry.
Key Market Restraint -
Volatility in the cost of raw materials
Based on product, the market is segmented into Solid core rubber rope and Hollow core rubber rope. Based on end-use, the market is segmented into Automotive, Textile, Sailing, Sports and other.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global rubber ropes market consists of global & regional players operating. Some of the key players in the market include Polymax Ltd, Continental Western Corporation, MISUMI Group, Romak Group GmbH, Andreas Neumann GmbH, Tytan International, JB Rubber Products, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share the market attributed to the large number of manufacturers present in U.S. and Canada. Europe is expected to show considerable growth due to the high demand from automotive industries in Germany and Italy. Asia Pacific is the rapidly growing market due to the developing automotive sector. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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