Fender Rope Market Anticipated to Witness High Growth Owing to Increasing Maritime Trade Agreements
The fender rope market comprises mooring and docking ropes that are majorly used for safe docking of ships and vessels at ports. Fender ropes help absorb energy during berthing operations and prevent vessels from colliding against quay walls or other infrastructures. They are manufactured using various types of fibers including polypropylene, polyester, polyamide, and nylon to provide durability and strength. Fender ropes find extensive usage at ports, terminals, shore-to-ship operations, LNG/LPG terminals, and shipbuilding & repair facilities. The growing maritime trade Supported by trade agreements between countries Is driving Investments in port Infrastructure development. This Is Anticipated to boost demand for high-performance fender ropes during the forecast period. The Global fender rope market Is estimated to be valued at US$ 679.4 Mn In 2024 and Is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030. Key Takeaways Key Players operating In the f...