The Global Nylon Monofilament market is forecast to reach USD 2,640.3 Million by 2028, according to a new report by Reports and Data. Monofilament can be defined as a continuous, single strand of synthetic fiber. One of the most commonly used polymer filaments used for its production is nylon, which is opted because of its high durability and resistance to corrosion. It is woven from extruded synthetic filaments manufactured in diameters from 30 µm to 3 mm. One of the major advantages of the filament made from nylon is, because of its ductility, it can be flexed number of times without fatigue or hardening. It can be dented or folded with minimal scope for damage as compared to metal cloth, and it is lighter. It has become essential as filter media in various applications and industries. Due to its trait of corrosion resistance, uniformity, and low cost and ability of withstanding vibration, it has effectively replaced various other types of media. The major users of the filament are industrial hydraulics, chemical, and food processing sector, automotive and appliance industry, and the medical sector. Thus, such a wide arena of applications is fostering the growth of the sector.
In regards to region, Europe can be seen to occupy a considerable share of the market. The market share held by the region is attributed to the high demand for consumer goods and expanding automotive sector, which is supporting the expansion of the market in this region.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- Hinafil India Limited
- Ashley Polymers Inc
- Toray Monofilament Co. Ltd.
- Engineered Monofilaments Corporation (EMCO)
- Ningbo Judin Special Monofilament Co. Ltd
- Superfil Products Ltd.
- Wenzhou Ruichang Special Monofilament Factory
- Perlon Monofil GmbH
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Nylon Monofilament market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Nylon Monofilament market?
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Nylon Monofilament Market Segmentation:
Type Outlook:
- Nylon 66
- Nylon 6
- Others
Application Outlook:
- Medical
- Fishing Net
- Consumer Goods
- Automotive
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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