Plastic-coated Wire Ropes Market by Coating Type (PVC, PE, PP, Others), Material Type (Galvanized Steel Wire Rope, Stainless Steel Wire Rope), Diameter, End-use Industry (Construction, Mining, Marine), and Region - Global Forecast to 2030

The plastic-coated wire ropes market is expected to reach USD 1.78 billion by 2030, up from USD 1.32 billion in 2025, with a compound annual growth rate (CAGR) of 6.2% by value. Stainless steel wire rope holds the second-largest market segment within the global plastic-coated wire ropes market, based on material type. The only material with a larger market share is galvanized steel wire ropes. This market position for stainless steel wire ropes is primarily due to the higher cost of stainless steel compared to galvanized steel. The price difference makes stainless steel wire ropes less suitable for price-sensitive applications and high-volume use. However, stainless steel wire ropes offer superior performance in terms of corrosion resistance, appearance, longevity, and overall service life. For marine, architectural, medical, and high-humidity environments, stainless steel wire rope is clearly the preferred choice because its durability can be critical, especially when even protective coatings may eventually fail to withstand harsh conditions over time.

“In terms of value, mining is likely to be the second-fastest growing market in the plastic-coated wire ropes market.”

The mining end-use industry segment will continue to grow throughout the lifecycle of the global plastic-coated wire ropes market due to a greater focus on using safe, durable materials suitable for mining, especially given recent price increases. The mining industry depends on high-quality plastic-coated wire ropes because they are generally more resistant to corrosion and abrasion, as well as to the extreme conditions found on the surface or underground. The trend toward modernization, automation, and mechanization will only strengthen this demand. Additionally, there remains a strong global focus on increasing industrial production to support mineral development, particularly for the benefit of other countries. In regions like Australia in Asia Pacific, greater emphasis is placed on developing infrastructure alongside mineral extraction. Furthermore, innovations in coatings continue to improve the application and performance of wire ropes in mining, making them more suitable for tasks such as hoisting, material handling, and support or self-support across operations.

“The plastic-coated wire ropes market in the Middle East & Africa is projected to register the second-highest CAGR.”

The Middle East & Africa region is expected to see strong growth in the global plastic-coated wire ropes market, driven by several key factors that highlight increased industrial and infrastructural activity in the area. The MEA market could benefit significantly from the region's geographic location as a global shipping and logistics hub, supporting its development as a maritime center (with the maritime sector being a primary end-user of plastic-coated wire ropes for activities such as mooring, towing, and rigging). Moreover, ongoing investments in large-scale infrastructure, construction, oil and gas exploration, and renewable energy projects in countries like the UAE, Saudi Arabia, Egypt, and South Africa will create consistent demand. With a growing emphasis on durability and safety in extreme climates, the Middle East & Africa segment of the plastic-coated wire ropes market may continue to focus on these qualities, as there is a strong preference for plastic-coated ropes due to their corrosion resistance in saltwater and their suitability for the region’s harsh weather conditions.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

• By Company Type: Tier 1 - 40%, Tier 2 - 33%, and Tier 3 - 27%
• By Designation: C-level - 50%, D-level- 30%, and Executives- 20%
• By Region: North America - 20%, Europe - 15%, Asia Pacific - 50%, Latin America - 5%, and Middle East & Africa -10%.

The report provides a comprehensive analysis of company profiles:

Prominent companies include Axel Johnson International (Sweden), WireCo (US), Stratasys (US), Asahi Ropes (India), Bekaert (Belgium), Teufelberger (Austria), Loos & Co. Inc. (US), Hindustan Engineers (India), Chongqing Titan Suhe Co., Ltd. (China), Hamburger Drahtseilerei A. Steppuhn GmbH (Germany), Jiangyin Jinliyuan Steel Wire Rope Co., Ltd. (China), SWR Ltd. (UK), Lexco Cable (US), Jiangyin Jiahua Ropes Co., Ltd. (China), Nantong Shenwei Steel Wire Rope Co., Ltd. (China), and Ankur Technocrats (India).

Research Coverage

This research report categorizes the plastic-coated wire ropes market by coating type (PVC, PE, PP, others), material type (galvanized steel wire rope, stainless steel wire rope), diameter (≤1/4 inch, >1/4 inch), end-use industry (construction, mining, marine, and other applications), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report includes detailed information about key drivers, restraints, challenges, and opportunities affecting the growth of the plastic-coated wire ropes market. A comprehensive analysis of key industry players offers insights into their business overview, solutions, services, and key strategies such as contracts, partnerships, and agreements. The report also covers new product and service launches, mergers and acquisitions, and other developments related to the plastic-coated wire ropes market. Additionally, the report includes a competitive analysis of emerging startups within the plastic-coated wire ropes market ecosystem.

Reasons to buy this report:

The report will help market leaders and newcomers by providing estimated revenue data for the plastic-coated wire ropes market and its segments. It will assist stakeholders in understanding the competitive landscape and gaining insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report offers key market insights, including main drivers, restraints, challenges, and opportunities, helping stakeholders grasp the market’s current state.

The report provides insights into the following:

• Analysis of key drivers (rising demand in construction and infrastructure projects worldwide, better corrosion resistance and durability compared to uncoated wire ropes), restraints (higher cost of plastic-coated wire ropes over traditional options), opportunities (technological progress in coating materials for improved performance), and challenges (fluctuations in raw material prices) affecting the growth of the plastic-coated wire ropes market.
• Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and new product & service launches in the plastic-coated wire ropes market
• Market Development: Comprehensive information about lucrative markets; the report analyzes the plastic-coated wire ropes market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the plastic-coated wire ropes market

Competitive Assessment: In-depth assessment of market share, growth strategies and service offerings of leading players like Axel Johnson International (Sweden), WireCo (US), Stratasys (US), Asahi Ropes (India), Bekaert (Belgium), Teufelberger (Austria), Loos & Co. Inc. (US), Hindustan Engineers (India), Chongqing Titan Suhe Co., Ltd. (China), Hamburger Drahtseilerei A. Steppuhn GmbH (Germany), Jiangyin Jinliyuan Steel Wire Rope Co., Ltd. (China), SWR Ltd. (UK), Lexco Cable (US), Jiangyin Jiahua Ropes Co., Ltd. (China), Nantong Shenwei Steel Wire Rope Co., Ltd. (China), and Ankur Technocrats (India), among others, in the plastic-coated wire ropes market. Show more