Plastic-coated Wire Ropes Market Size Worth USD 2.61 Billion by 2034 | CAGR: 6.5%

The global plastic-coated wire ropes market size is expected to reach USD 2.61 billion by 2034, according to a new study by Polaris Market Research. The report “Plastic-coated Wire Ropes Market Size, Share, Trends, Industry Analysis Report: By Material Type (Galvanized Steel, Stainless Steel), By Diameter, By Coating Type, By Application, By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Plastic-coated wire ropes are produced out of wire strands made of galvanized or grade stainless steel. The strands are twisted to form a steel wire rope, and the end wire is coated with plastic. The rope, which is extended in strands of abrasion and protection coating, is made of materials such as PVC protective layer, and polyethylene and propylene of the abrasion coating, resistant to corrosion or damage. The dual protection against UV and chemical light damage, corrosion resistance, and a spined rope structure are achieved with synthetic, high-strength materials.

The global market growth for plastic-coated wire ropes is driven by the growth of various industries. For instance, the construction and infrastructure sectors are among the largest buyers. They are spending on heavy-duty and durable props for cranes and bridges, and other large projects. Other industries, such as the marine sector, also use the ropes because they can endure saltwater and rough weather. Other purposes, such as automotive and sports equipment, also use the ropes due to their durability and smooth finish. Thus, plastic-covered wire ropes are gaining added value. These various purposes of complemented wire ropes for other sectors play an important role in the market growth.

Plastic-coated Wire Ropes Market Report Highlights:

• By material type, the galvanized steel segment held the largest share in 2024. This is primarily because it is a very cost-effective material with good corrosion resistance, widely used across many industries for its balance of strength and durability.
• Based on diameter, the less than 1/4 inch segment held the largest share of the market in 2024. This is because these ropes are highly versatile, lightweight, and suitable for a wide range of applications that do not require heavy-duty strength. It makes them a popular choice for both consumer and light industrial use.
• In terms of coating type, the PVC segment held the largest share of the market in 2024. This is due to its low cost, flexibility, and good protection against moisture, abrasion, and UV rays, making it a very practical and reliable option for many general-purpose applications.
• By application, the construction industry held the largest share of the market in 2024. This is because the constant demand for these ropes in building projects, from cranes to scaffolding, combined with their ability to withstand harsh conditions.
• By region, Asia Pacific held the largest share of the market in 2024. This is fueled by rapid urbanization and large-scale infrastructure projects, along with significant growth in the manufacturing and marine industries across the region. The North America industry is steadily growing. The modernization of infrastructure, such as roads, bridges, and commercial buildings, propels the requirement for enduring and corrosion-resistant ropes.
• A few key players in the market include Usha Martin, WireCo WorldGroup, Carl Stahl, Lexco Cable, Asahi Ropes, Gustav Wolf, Bekaert, and Loos & Co.

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Polaris Market Research has segmented the plastic-coated wire ropes market report based on material type, diameter, coating type, application, and region:

By Material Type Outlook (Revenue – USD Billion, 2020–2034)

• Galvanized Steel
• Stainless Steel

By Diameter Outlook (Revenue – USD Billion, 2020–2034)

• <1/4 inch
• >1/4 inch

By Coating Type Outlook (Revenue – USD Billion, 2020–2034)

• PVC
• PE
• PP
• Others

By Application Outlook (Revenue – USD Billion, 2020–2034)

• Construction
• Mining
• Marine
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America