The report “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”, plastic-coated wire ropes market is projected to reach USD 1.78 billion by 2030, from USD 1.32 billion in 2025, with a CAGR of 6.2% in terms of value. The report provides a complete analysis of the plastic-coated wire ropes market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.
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331 – Tables
45 – Figures
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The global market for plastic-coated wire ropes is a key part of the overall wire ropes industry because it is essential for certain heavy-duty applications requiring strength and durability. Plastic-coated wire ropes provide the necessary core strength to steel or metal wires and feature a plastic protective layer, such as PVC, PP, PE, or other advanced polymers, that shields the wire ropes from corrosion, abrasion, UV radiation, and chemical reactions. This extends the lifespan of the wire ropes, making them suitable for harsh environments and outdoor applications in construction, marine, mining, energy, transportation, and heavy machinery.
The galvanized steel wire rope segment, by material type, held the largest share in the plastic-coated wire ropes market.
When segmented based on material type, galvanized wire rope dominates the global plastic-coated wire ropes market, exceeding the volume and value of stainless steel wire ropes. The underlying reason for this is galvanized wire ropes are cost effective, have good mechanical strength, and are widely available; they are the most commonly used wire rope for many industrial and commercial applications. In the galvanization process, steel wire is coated with a layer of zinc, and this process provides corrosion resistance and extends the life of the wire rope, especially when used in semi-corrosive or outdoor environment. Once this galvanized wire rope is additionally encased with plastic (typically PVC, PE or nylon) this offers a further layer of protection via plastic coating, and together with the zinc layer of the wire rope offers sacrificial corrosion resistance and the plastic coating and layer provides another layer of protection against abrasion, moisture, UV rays and even chemical degradation. Galvanized wire rope is widely used in tough applications such as construction, mariner, transport, agriculture, and mining due to its durability and low maintenance costs. Compared to stainless steel wire ropes that have inherent corrosion resistance due to the chromiticle content of the wire, galvanized wires are less expensive to manufacture, and the galvanized wires are easier to manufacture at larger volumes, allowing manufacturers to easily serve the target cost sensitive market and large volume projects.
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In terms of end-use industries, the construction segment accounted for the largest share in terms of volume in the plastic-coated wire ropes market.
With construction being the dominant end-use industry in the global plastic-coated wire ropes market, particularly galvanized wire ropes, it is safe to say that the typical construction project favors galvanized steel rope over stainless steel rope. This preference arises from the higher demand in construction projects and the cost-sensitive nature of the sector, where contractors must maintain margins while meeting performance requirements. These projects often need ropes that can withstand demanding outdoor environments, resist corrosion, and have high-tensile strength. Galvanized steel wire ropes coated with plastic (such as PVC or polyethylene) are ideal for contractors or outdoor use because they offer a combination of strength and flexibility, along with a protective sheath against everyday wear-and-tear like abrasion, UV exposure, and chemical or weather damage. This type of rope is commonly used in hoisting, scaffolding, suspension, cranes, elevators, and safety nets, and is likely the most abused component in many construction structures, where durability and cost are critical factors. Conversely, stainless steel wire rope also provides high resistance to corrosion but is more expensive than galvanized wire ropes. These costs make stainless steel less practical in larger construction projects or environments, where expenses for materials can escalate quickly.
Asia Pacific accounted for the largest share, in terms of both value and volume, in the plastic-coated wire ropes market.
In 2024, the Asia Pacific region held the largest share in the global plastic-coated wire ropes market in terms of both value and volume. Rapid industrialization and substantial investments in construction, mining, marine, and infrastructure projects in countries like China, India, Japan, and across Southeast Asia have driven growth in infrastructure development, urbanization, and industrial activity. Galvanized and other carbon steel core wire ropes coated with plastics such as polyethylene and PVC are very common and preferred over stainless steel variants in Asia Pacific due to their ability to deliver high mechanical strength and corrosion resistance at a reasonable cost. In China (GB/T) and India (IS), domestic standards bodies accept galvanized and coated ropes for nearly all heavy-duty applications, reserving stainless steel for niche or specific uses, high salinity environments, or purely aesthetic projects—which again supports regional preferences for galvanized products. Along the Pacific Rim, major sectors like shipbuilding, fishing, and mining further boost demand for plastic-coated galvanized ropes in mooring, winching, dragline, and grab-bucket applications—all environments where stainless steel would be excessive and cost-prohibitive.
Plastic-coated Wire Ropes Market Companies
Prominent companies in this market 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 (U.S.), Jiangyin Jiahua Ropes Co., Ltd. (China), Nantong Shenwei Steel Wire Rope Co., Ltd. (China), and Ankur Technocrats (India).
Bekaert (Belgium)
Bekaert is a global leader in plastic-coated wire ropes. Bekaert offers a comprehensive range of high-performance wire rope products, driven by their world-class expertise in advanced steel wire transformation and coating. Bekaert invests heavily in R&D to develop new products. Along with a commitment to innovation, Bekaert is always working to expand its range of next-generation plastic-coated ropes. They continually produce ropes with the highest durability, oxidation resistance, and designed performance to meet the strict demands of construction, mining, offshore, marine, and energy sectors. Bekaert has manufacturing and service centers on six continents, giving customers worldwide access and local support. Bekaert’s reputation for quality, safety, and sustainability transparency has established the company as a trusted partner for high-stakes, global applications. This reputation has helped Bekaert maintain its position as the leading company in the fast-paced international wire rope market.
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WireCo (US)
WireCo is the largest independent manufacturer of wire rope, synthetic rope, and related engineered products worldwide. Its manufacturing presence spans 25 locations across 11 countries. The company serves critical segments of the industrial lifting, energy, mining, maritime, offshore, and fishing industries under well-known global brands such as CASAR, Union, Camesa, Lankhorst, and Phillystran. WireCo’s strategic position in the plastic-coated wire rope market is bolstered through its partnership with CERTEX Svenska AB (part of Axel Johnson International), enabling global distribution of high-performance coated ropes suitable for demanding, corrosion-prone environments. WireCo’s plastic-coated wire ropes include PVC, PU, and nylon-coated galvanized and stainless-steel options, offering superior abrasion resistance and longer service life compared to traditional rope materials. Additionally, WireCo provides extensive technical support—including rope specification, field testing, and on-site technical assistance—in collaboration with CERTEX’s “Lifting KnowHow,” forming a strong alliance capable of delivering world-class solutions worldwide.
Asahi Ropes (India)
Asahi Ropes is a leading manufacturer of steel wire ropes, including PVC-coated varieties, serving the mining, marine, construction, elevator, railway, and fitness markets, as well as worldwide in horticultural, signaling, and oil rig applications. With a 22,500?sq?ft factory capable of producing over 1,500 MT annually and advanced machinery that can produce ropes up to 76 mm in diameter, the company emphasizes quality, as demonstrated by its in-house testing labs and ISO?9001:2008 certification. Asahi manufactures custom ropes for aerial haulage, derrick, elevator, and auxiliary roles for both domestic and international markets. The company maintains a strong, quality-first approach in all its designs and considers in-house R&D, focusing on performance at a competitive price, an important part of its culture.
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Recent Developments of Plastic-coated Wire Ropes Market
- In July 2025, Axcel Johnson International expanded its global presence by acquiring Canada-based Lam-é St-Pierre Group. This acquisition was made by the lifting solutions business group, which is engaged in offering rigging and lifting products and services. This strategic move has opened up new geographic market opportunities for the company.
- In May 2025, WireCO introduced Boomfit, a plastic-coated steel wire rope. A major feature of Boomfit is its proven plastic-coated steel core, utilizing CASAR’s renowned Plast rope technology. This improves durability and ensures the long-lasting performance of the rope.
- In February 2025, Bekaert announced that it has reached an agreement to sell its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG. This transaction values the assets at a total enterprise value of approximately USD 73 million and is expected to generate net proceeds of about USD 37 million for Bekaert.
Reasons to Procure this Report: –
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Plastic-coated Wire Ropes Market revenues at the worldwide, regional, and country-level with a complete analysis to 2025-2030 permitting companies to analyze their market share and analyze projections, and find new markets to aim.
(C) The research includes the Plastic-coated Wire Ropes Market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Plastic-coated Wire Ropes Market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Plastic-coated Wire Ropes Market business predictions by region, key countries, and top companies’ information to channel their investments.