Sauron was the master of the Ring. There were many that could have competed Sauron with the Ring, like Galadriel, Gandalf, Aragorn, and many others. And should they have won using the Ring, they would've been corrupted eventually. And a new Dark Lord/Lady would have arisen. After several millenias, Sauron would have stepped into the room and taken the Ring. Nobody could ensnare the ring, save maybe some Ainu much greater than Sauron. Anybody else would become ensnared him/herself.
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"Out of doubt, out of dark to the day's rising I came singing in the sun, sword unsheathing. To hope's end I rode and to heart's breaking: Now for wrath, now for ruin and a red nightfall!"
~Eomer
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