Market insights

As documented in the Steel Statistical Yearbook 2018 by the World Steel Association (WSA), global steel production was valued to be 1,690,479 tons, which is nearly 4% greater than that in 2016. The upsurge in steel production worldwide is attributable to the growing demand for steel from various sectors. Before used for fabrication, steel is being coated with coil coatings . The production growth of steel is significantly supporting the coil coatings market that had a market size of $5 billion as of 2018. Furthermore, the demand for coil coatings is estimated to increment at a healthy CAGR of 5% during the forecast period of 2019 to 2025. APAC has been observing rapid growth in the industrial sector for quite a few years. These industries chiefly include the construction and automotive sectors that are attributed to heavy use of metals that are coil-coated before end-use application. The rising growth prospects in the real estate sector with an increasing demand for low-cost housing is...

Synthetic Rope Market size is forecast to reach $2.1 billion by 2025, after growing at a CAGR of 5.6% during 2020-2025. The demand is strongly influenced by the low weight and high strength characteristics of synthetic ropes. The safety aspect of synthetic ropes is another main factor that is expected to drive this market. Synthetic ropes are comparatively safer to use compared to steel wire ropes that are commonly used by the marine, mining, and Oil & gas industries . Better properties associated with synthetic rope for industrial use have contributed to a substantial rise in the market. Increased use in various industries due to its improved ability to handle heavy materials is attributed to the increasing popularity of synthetic ropes. In addition, these products have properties, like long-lasting and lightweight compared to traditional ones, which are expected to broaden the reach of the product to various industries. Report Coverage The report: “Synthetic Rope Market– Forecas...

As documented in the Steel Statistical Yearbook 2018 by the World Steel Association (WSA), global steel production was valued to be 1,690,479 tons, which is nearly 4% greater than that in 2016. The upsurge in steel production worldwide is attributable to the growing demand for steel from various sectors. Before used for fabrication, steel is being coated with coil coatings. The production growth of steel is significantly supporting the coil coatings market that had a market size of $5 billion as of 2018. Furthermore, the demand for coil coatings is estimated to increment at a healthy CAGR of 5% during the forecast period of 2019 to 2025. APAC has been observing rapid growth in the industrial sector for quite a few years. These industries chiefly include the construction and automotive sectors that are attributed to heavy use of metals that are coil-coated before end-use application. The rising growth prospects in the real estate sector with an increasing demand for low-cost housing is...