Nylon Monofilament Market Size (2024 - 2029)

The nylon monofilament market is anticipated to experience growth over the forecast period, driven by increasing demand in fishing nets, automotive applications, and emerging medical uses. Despite challenges such as government restrictions and raw material price volatility, the market is poised for expansion, with opportunities arising from industrial textile applications and the development of bio-based alternatives. The market's recovery from the COVID-19 pandemic's impact on fisheries and aquaculture sectors further supports its positive growth trajectory.

Home Market Analysis Chemicals & Materials Research Technical Textiles Research Monofilament Research Nylon Monofilament Fiber Market Market Size

Market Size of Nylon Monofilament Industry

Nylon Monofilament Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Nylon Monofilament Market Major Players

*Disclaimer: Major Players sorted in no particular order

Nylon Monofilament Market Analysis

The Nylon Monofilament Market size is expected to grow from USD 1.59 billion in 2023 to USD 2.08 billion by 2028, at a CAGR of 5.50% during the forecast period (2023-2028).

The COVID-19 pandemic negatively impacted the nylon monofilament market. Nylon monofilaments are mainly used in the manufacturing of fishing nets. The COVID-19 pandemic negatively impacted the fisheries and aquaculture sectors. However, the market is expected to achieve a positive growth rate over the coming years.

  • The major factors driving the growth of the nylon monofilament market are the growing demand for nylon monofilament in fishing nets, the surge in adoption in automotive applications, and novel applications in the medical sector.
  • However, government restrictions related to the use of nylon monofilament and volatility in raw material prices are hindering the growth of the nylon monofilament market.
  • Significant increases in demand from industrial textile applications and the development of bio-based nylon monofilament are estimated to offer various opportunities for market growth over the forecast period.

Nylon Monofilament Industry Segmentation

A single extruded fiber of synthetic nylon material is known as nylon monofilament. Nylon is utilized in monofilament production due to its superior heat, toughness, and water resistance. Nylon monofilament is extensively used in several applications due to its cost-effectiveness and reliability in manufacturing numerous products. The market is segmented by co-polymer type, application, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). By co-polymer type, the market is segmented into nylon 6, nylon 66, and other co-polymer types (nylon 610, nylon 612). The market is segmented by application into fishing nets, medical, automobile fabrics, consumer goods, braided ropes, and other applications. The report also covers the size and forecasts for the nylon monofilament market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Co-polymer Type
Nylon 6
Nylon 66
Other Co-polymer Types (Nylon 610, Nylon 612)
Application
Fishing Net
Medical
Automobile Fabrics
Consumer Goods
Braided Ropes
Other Applications (Food Packaging, Sports Wear)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Nylon Monofilament Market Size Summary

The nylon monofilament market is poised for growth, driven by increasing demand in various sectors such as fishing, automotive, and medical applications. Despite the initial setbacks caused by the COVID-19 pandemic, which adversely affected the fisheries and aquaculture sectors, the market is expected to recover and expand. The primary drivers of this growth include the rising need for durable and cost-effective materials in fishing nets, the expanding use of nylon monofilament in automotive applications, and innovative uses in the medical field. However, challenges such as government regulations and fluctuating raw material prices may impede market progress. Opportunities for growth are also presented by the increasing demand from industrial textile applications and the development of bio-based nylon monofilament.

The Asia-Pacific region leads the global nylon monofilament market, with significant demand stemming from its robust fishing industry and burgeoning automotive sector. Countries like China, Japan, and India are key contributors to this demand, supported by the region's strong position in fish farming and vehicle production. The market's growth is further bolstered by the region's expanding aquaculture and fisheries production, alongside the automotive industry's need for high-strength materials to protect wire harnesses and hoses. The market is characterized by a partial consolidation, with a few major players such as ABC Polymer Industries, Toray Industries, and Shakespeare Company dominating the landscape. These factors collectively indicate a promising outlook for the nylon monofilament market over the forecast period.

Explore More

Nylon Monofilament Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Nylon Monofilament in Fishing Nets

      2. 1.1.2 Surge in Adoption in Automotive Applications

      3. 1.1.3 Novel Applications in the Medical Sector

    2. 1.2 Restraints

      1. 1.2.1 Government Restrictions Related to the Use of Nylon Monofilament

      2. 1.2.2 Volatility in Raw Material Prices

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Co-polymer Type

      1. 2.1.1 Nylon 6

      2. 2.1.2 Nylon 66

      3. 2.1.3 Other Co-polymer Types (Nylon 610, Nylon 612)

    2. 2.2 Application

      1. 2.2.1 Fishing Net

      2. 2.2.2 Medical

      3. 2.2.3 Automobile Fabrics

      4. 2.2.4 Consumer Goods

      5. 2.2.5 Braided Ropes

      6. 2.2.6 Other Applications (Food Packaging, Sports Wear)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Nylon Monofilament Market Size FAQs

The Nylon Monofilament Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)

ABC Polymer Industries, LLC, TORAY INDUSTRIES, INC., Superfil, Shakespeare Company, LLC and AstenJohnson are the major companies operating in the Nylon Monofilament Market.

Nylon Monofilament Market Report Snapshots

Nylon Monofilament Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)