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Nylon Monofilament Market by Product (Nylon 6, Nylon 66, Others) by Application (Fishing Net, Medical, Automotive, Consumer Goods, Others): Growth, Future Prospects, and Competitive Analysis, 2015 – 2027

Name: Nylon Monofilament Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2021-07-30
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Nylon Monofilament Market

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Market Insights

Nylon monofilament is a synthetic non-absorbable surgical suture that contains high tensile strength, brilliant elasticity, and easy passage through tissue. It is highly recommended for skin closure procedures such as cardiovascular, orthopedic, cuticular, ophthalmology, etc. Nylon monofilament is used in a wide range of applications such as in automobiles, consumer goods, paper machine clothing, countering diabetes, commercial and technical textile, and others. Further, favorable properties of nylon monofilament such as high tensile strength, low heat resistance, elasticity, and low tissue reactivity propel the demand in the market. The Nylon Monofilament Market is anticipated to reach a market value of USD 2.57 billion in 2027 from USD 1.87 billion in 2020 and grow at a CAGR of over 5.95% during the forecast period.

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Ever Increasing Fishing Industry Has Paved the Way for Growth of Nylon Monofilament

The global rise in demand for nylon monofilament for fishing nets, along with the rise in application in the automotive and commercial and technical textile sectors, are the key driving factors for the growth of the nylon monofilament market. The rapidly growing fishing industry in India, Japan, and China is likely to drive the demand for the nylon monofilament market. Globally, India is the fourth-largest fish producer due to its vast seashore. Nearly 20% of people live near the seashore, and more than 4,000 coastal regions are involved in fishery activity. Novel applications in the healthcare industry, especially in surgeries and treatment of diabetes, contribute to the growth of the nylon monofilament market. A rise in the old ager population along with a significant increase in diabetic patients across the globe, specifically in the Asia Pacific region, propels the market growth in the near future.

Availability of Substitutes and Stringent Regulations to Hold Back Growth of Nylon Monofilament

However, stringent regulations and guidelines of the Environmental Protection Agency for the use of nylon monofilament may hamper the market growth. In addition, further instability in the raw material prices of nylon monofilament may hamper the growth of emerging countries. Most of the leading players are available in emerging countries like India, China, Indonesia, and Russia.

Impact of COVID 19

The sudden coronavirus outbreak has an adverse effect as major application areas of the nylon monofilament are automotive and consumer goods. Due to the attack of covid-19, major end-user industries of nylon monofilament are affected and facing challenges such as sudden shutdown production, supply chain disruption, and reduced consumer demand. Furthermore, automobile manufacturing has declined in all the major automobile-producing emerging countries, such as China, Japan, and India. This sudden supply chain disruption is anticipated to affect the nylon monofilament market over the forecast period.

Large Chunk of Demand Stems from the Asia Pacific

The global nylon monofilament market covers the regions such as North America, Europe, Asia Pacific, Middle East, and Africa, Latin America (LATAM), including all the key economies in these regions. Asia Pacific market is expected to account for the largest market share in the global market due to rising demand for nylon monofilament in the automotive and textile industry. In addition, the rising demand for fish food, along with the rapidly increasing fishing industry in emerging countries like India, china, and japan expected to witness moderate growth and will continue over the forecast period.

Furthermore, increasing demand for nylon monofilament for medical applications boosts market growth in the Asia Pacific region. In diabetes patients, monofilaments are broadly used to detect foot sensitivity. Asia Pacific region dominates diabetes owing to containing a large number of diabetic patients in major emerging countries such as China, India, Japan, and Russia. North America is anticipated to register rapid growth in the target market due to the increasing disposable income of individuals and the presence of a technologically advanced medical industry.

Nylon 6 is Major Growth Avenue for Nylon Monofilament Industry

The nylon monofilament product includes Nylon 6, Nylon 66, and Others. In 2020, the nylon six segment dominated the nylon monofilament market, followed by nylon 66 owing to its favorable properties such as lower cost, high tensile strength, lower heat resistance, and other advantages that propel demand over other products. Further, these products have a wide range of application areas such as medical uses, automotive, textile industry, and consumer goods. However, the nylon 66 segment is expected to grow at a significant CAGR during the forecast period.

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Consumer Goods to Retain its Share in Nylon Monofilament Consumption

The nylon monofilament is used for various automotive, medical, aircraft, consumer goods, and commercial textile applications. However, nylon monofilament is used in consumer goods for various purposes, specifically trimmer lines used in gardening, furniture, and racket strings. Nylon Monofilament industry manufacturers are majorly focusing on research & development. Furthermore, technological innovations in the medical industry and increasing minimally invasive surgery will increase the demand for nylon monofilament. The nylon monofilament is used for cardiovascular surgery as well as for the treatment of diabetes, which in turn contributes to market growth in the near future.

Prominent players are focusing on the consolidation of their market to strengthen their foothold in the global marketplace. Some companies such as BASF SE and Domo Chemicals have gone the inorganic way to perceive their growth by acquiring Ticona and Solvay, respectively. While Invista focused on organic growth strategy by investing in manufacturing capacity expansion of its plant located at the Shanghai Chemical Industry Park.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Nylon Monofilament Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Nylon Monofilament Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Product
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Growth Strategies Adopted by Key Players
4.5.Market Positioning of Key Players
4.6.Product Benchmarking
4.7.List of Key Distributors

5.COVID 19 Impact Analysis
5.1.Global Nylon Monofilament Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Nylon 6
6.2.3.Nylon 66
6.2.4.Others
6.3.North America Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Fishing Net
6.3.3.Medical
6.3.4.Automotive
6.3.5.Consumer Goods
6.3.6.Others

7.Europe
7.1.Europe Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Nylon 6
7.2.3.Nylon 66
7.2.4.Others
7.3.Europe Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Fishing Net
7.3.3.Medical
7.3.4.Automotive
7.3.5.Consumer Goods
7.3.6.Others

8.Asia Pacific
8.1.Asia Pacific Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Nylon 6
8.2.3.Nylon 66
8.2.4.Others
8.3.Asia Pacific Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Fishing Net
8.3.3.Medical
8.3.4.Automotive
8.3.5.Consumer Goods
8.3.6.Others
9.Latin America
9.1.Latin America Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Nylon 6
9.2.3.Nylon 66
9.2.4.Others
9.3.Latin America Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Fishing Net
9.3.3.Medical
9.3.4.Automotive
9.3.5.Consumer Goods
9.3.6.Others

10.Middle East
10.1.Middle East Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Nylon 6
10.2.3.Nylon 66
10.2.4.Others
10.3.Middle East Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Fishing Net
10.3.3.Medical
10.3.4.Automotive
10.3.5.Consumer Goods
10.3.6.Others

11.Africa
11.1.Africa Nylon Monofilament Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Nylon 6
11.2.3.Nylon 66
11.2.4.Others
11.3.Africa Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Fishing Net
11.3.3.Medical
11.3.4.Automotive
11.3.5.Consumer Goods
11.3.6.Others

12.Global
12.1.Global Nylon Monofilament Market, by Product, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Nylon 6
12.1.3.Nylon 66
12.1.4.Others
12.2.Global Nylon Monofilament Market, By Application, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Fishing Net
12.2.3.Medical
12.2.4.Automotive
12.2.5.Consumer Goods
12.2.6.Others

13.Company Profiles
13.1.Ashley Polymers Inc.
13.2.Toray Monofilament Co. Ltd.
13.3.Ningbo Judin Special Monofilament Co. Ltd.
13.4.Perlon Monofil GmbH
13.5.Wenzhou Ruichang Special Monofilament Factory
13.6.Hinafil India Ltd.
13.7.Engineered Monofilaments Corporation
13.8.Superfil Products Ltd.
13.9.ABC Polymer Industries, LLC
Shinkey Monofilament Enterprise Co., LTD

List of Figures
FIG. 1Global Nylon Monofilament Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Nylon Monofilament Market Segmentation
FIG. 4Global Nylon Monofilament Market, by Product, 2019 (US$ Bn)
FIG. 5Global Nylon Monofilament Market, by Application, 2019 (US$ Bn)
FIG. 6Global Nylon Monofilament Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Nylon Monofilament Market Manufacturers, 2019
FIG. 9Global Nylon Monofilament Market Value Contribution, By Product, 2019 & 2027 (Value %)
FIG. 10Global Nylon Monofilament Market, by Nylon 6, Value, 2015-2027 (US$ Bn)
FIG. 11Global Nylon Monofilament Market, by Nylon 66, Value, 2015-2027 (US$ Bn)
FIG. 12Global Nylon Monofilament Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 13Global Nylon Monofilament Market Value Contribution, By Application, 2019 & 2027 (Value %)
FIG. 14Global Nylon Monofilament Market, by Fishing Net, Value, 2015-2027 (US$ Bn)
FIG. 15Global Nylon Monofilament Market, by Medical, Value, 2015-2027 (US$ Bn)
FIG. 16Global Nylon Monofilament Market, by Automotive, Value, 2015-2027 (US$ Bn)
FIG. 17Global Nylon Monofilament Market, by Consumer Goods, Value, 2015-2027 (US$ Bn)
FIG. 18Global Nylon Monofilament Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 19U.S. Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 20Rest of North America Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 21U.K. Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 22Germany Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 23France Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 24Rest of Europe Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 25Japan Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 26China Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 27India Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 28Rest of Asia Pacific Nylon Monofilament Market, 2015-2027 (US$ Bn)
FIG. 29Middle East & Africa Nylon Monofilament Market, 2015-2027 (US$ Bn)
Latin America Nylon Monofilament Market, 2015-2027 (US$ Bn)

List of Tables
TABLE 1Market Snapshot: Global Nylon Monofilament Market
TABLE 2Global Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 3Global Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 4Global Nylon Monofilament Market, by Geography, 2015-2027 (US$ Bn)
TABLE 5North America Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 6North America Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 7North America Nylon Monofilament Market, by Country, 2015-2027 (US$ Bn)
TABLE 8Europe Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 9Europe Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 10Europe Nylon Monofilament Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 11Asia Pacific Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Nylon Monofilament Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Latin America Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 15Latin America Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 16Latin America Nylon Monofilament Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 17Middle East Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 18Middle East Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 19Middle East Nylon Monofilament Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 20Africa Nylon Monofilament Market, by Product, 2015-2027 (US$ Bn)
TABLE 21Africa Nylon Monofilament Market, by Application, 2015-2027 (US$ Bn)
TABLE 22Africa Nylon Monofilament Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 23Ashley Polymers Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24Toray Monofilament Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Ningbo Judin Special Monofilament Co. Ltd. ,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26Perlon Monofil GmbH,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27Wenzhou Ruichang Special Monofilament Factory,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Hinafil India Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 29, Engineered Monofilaments Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30Superfil Products Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31ABC Polymer Industries, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Shinkey Monofilament Enterprise Co., LTD: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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Frequently Asked Questions

Which are the different types of Nylon Monofilament by product?

Nylon 6, Nylon 66 and Others are major product types of nylon monofilament, out of which nylon 6 segment dominated the global market with growing demand from automotive and medical industry in the global market.

Who are the key players in the global Nylon Monofilament industry?

Some of the major players operating in Nylon Monofilament industry include, Ashley Polymers Inc., Toray Monofilament Co. Ltd., Ningbo Judin Special Monofilament Co. Ltd., Perlon Monofil GmbH, Wenzhou Ruichang Special Monofilament Factory, Hinafil India Ltd.,Engineered Monofilaments Corporation, Superfil Products Ltd., ABC Polymer Industries, LLC and Shinkey Monofilament Enterprise Co., LTD.

Which is the fastest growing Application segment for global industry?

Nylon monofilament has wide range of application in Fishing Net, Medical, Automotive, Consumer Goods and Others. Among all the applications, consumer goods is the largest application of Nylon Monofilament.

Which is the leading regional market for global industry?

Asia Pacific hold the largest share owing to rising demand of Nylon Monofilament in several industries such as consumer goods and medical industry.

What are the major challenges for the global Nylon Monofilament industry?

Stringent regulations and rigorous guidelines of Environmental Protection Agency & REACH for the use of nylon monofilament is the major challenge for the growth of Nylon Monofilament industry. Moreover, volatility in the raw material prices is one of the important hurdles for the growth of this industry

About Author

Rajdeep Kumar Deb

Lead Analyst – Consumer & Finance

Rajdeep brings a decade of consumer goods and financial services insight to strategic market analysis.

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