Press release
Nylon Monofilament Market Size is expected to garner USD 3.2 billion, Key Trends, Growth, Challenges and Standardization, Key Players Strategies and Forecast to 2029
Nylon Monofilament Market Overview:The market demand for lobal nylon monofilament was 324.0 kilo tonnes. The expanding fishing industry and strong automotive demand are expected to boost the global nylon monofilament market. Rising demand for fish food is expected to boost the fishing industry. This is also expected to benefit the industry. Growing nylon usage in consumer goods and the resulting increase in consumer goods demand are expected to support market growth further. Increased monofilament applications in the medical industry, particularly in diabetes treatment, are expected to supplement the global nylon monofilament market.
The global Nylon Monofilament market Size was valued at USD 1.8 billion in 2020, and is expected to garner USD 3.2 billion by 2029, registering a CAGR 5.94% during the forecast period 2022-2029.
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Nylon Monofilament Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Ashley Polymers, INC., Toray Industries, Inc., Engineered Monofilaments Corporation (EMCO), Superfil, ABC Polymer Industries, LLC, Hinafil India Ltd., Ashley Polymers Inc., Engineered Monofilaments Corporation, Toray Monofilament Co. Ltd., Superfil Produc and Others
Recent Development
On November 4, 2021, Toray Industries Inc. announced the price increase of nylon 66 yarns and derivative fabrics, for automotive airbag applications, by around 20%. The new prices became effective with shipments starting December 1.
On February 2021, ITOCHU Corporation and Aquafil S.p.A. announce a strategic alliance to promote and expand the circular nylon production sector. From the recovery of nylon waste to the creation, production, and sale of ECONYL® nylon products, they are united in their desire for a more sustainable future.
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Nylon Monofilament Market Segmentation:
Nylon Monofilament Market by Product, 2020-2029, (USD Million), (Kilotons)
Nylon 6
Nylon 66
Others
Nylon Monofilament Market by Application, 2020-2029, (USD Million), (Kilotons)
Fishing Nets
Medical
Automotive
Consumer Goods
Other
Growth Factors:
Increasing demand from the Nylon Monofilament industries
The growing use of Nylon Monofilament in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Nylon Monofilament Market
Nylon Monofilament Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Nylon Monofilament Market Trends
- The report identifies, determines, and forecasts the Global Nylon Monofilament Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Nylon Monofilament Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Nylon Monofilament Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Nylon Monofilament Market.
Frequently Asked Questions
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Monofilament is a single, continuous strand (filament) of synthetic fiber. The most commonly recognized monofilament is nylon fishing line but monofilament can be used in numerous ways.
This market study includes data about global market…
