Plastic-coated Wire Ropes Companies

The plastic-coated wire ropes market is projected to reach USD 1.78 billion by 2030, up from USD 1.32 billion in 2025, with a CAGR of 6.2%. The global market is expected to grow steadily as demand increases for corrosion-resistant, durable, and visually appealing wire ropes across various applications and end-users. These wires are typically made with a galvanized or stainless steel core, then coated with plastics such as PVC, PE, PP, nylon, and others, offering both insulation and durability. This functionality makes plastic-coated steel wire ropes an ideal choice for environments exposed to chemicals, water, or harsh conditions. The market for plastic-coated wire ropes spans numerous sectors including construction, marine services, mining, consumer goods, and many more.

Increased demand from end-use industries such as construction, infrastructure, marine, mining, and oil & gas is one of the main drivers for market growth. Wire rope users require materials that withstand harsh weather and heavy use, and plastic-coated wire ropes have proven to be a durable solution that meets these expectations, given their durability, low maintenance, and other functional advantages. The coatings also offer additional safety and a degree of aesthetics, which are valued, as seen in examples from fitness equipment, automotive, and recreational equipment.

Plastic-coated Wire Ropes Market Companies

The main companies in the plastic-coated wire ropes 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 (US), Jiangyin Jiahua Ropes Co., Ltd. (China), Nantong Shenwei Steel Wire Rope Co., Ltd. (China), and Ankur Technocrats (India). Most of these companies have adopted various growth strategies to strengthen their market position, including agreements, collaborations, contracts, mergers & acquisitions, partnerships, product launches, and R&D efforts.

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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.

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.

MARKET RANKING

The plastic-coated wire ropes market is competitive, with the top five players holding 35–40% of the market, indicating that many regional players are active in this emerging sector. Bekaert leads the industry due to its wide product range, technological innovation, strong R&D capabilities, extensive production capacity, and strategic partnerships across various sectors. The company has developed a broad range of plastic-coated wire ropes used in mining, construction, industrial lifting, and other applications. Other notable companies include WireCo, Axel Johnson International, and Asahi Ropes. These firms have advanced in providing competitive products and solutions for a variety of plastic-coated wire rope applications.

Related Reports:

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