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Newstrail
Newstrail
According to the latest report by IMARC Group, titled “Synthetic Rope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global synthetic rope market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Synthetic ropes are prepared from artificial chemicals and strong fibers, including nylon, polyester, polypropylene, or high modulus polyethylene (HMPE). They offer numerous benefits, such as durability, flexibility, versatility, wear resistance, etc. Synthetic rope…