Europe Nylon Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation
Europe Nylon Market was valued at USD 281.46 Million in 2021. The Europe Nylon Market size is estimated to grow at a CAGR of 5.15% over the forecast period.
Format : PDF | Report ID : SMR_1328
Europe Nylon Market Definition:
Nylon is a polymer filament this is normally used on this fabric. Some of the incredible motives for nylon`s reputation as a polymer filament for those fabric encompass its excessive sturdiness and resistance to corrosion. Monofilament yarn has a strong cross-phase and a round cross-phase. Its form may be manipulated to supply whole and/or noncircular filaments.
Further, the Europe Nylon market is segmented by product type, distribution channel, Application and geography. On the basis of product type, the Europe Nylon market is segmented under Nylon 6, Nylon 66, and Others. Based on the Application, the Nylon Monofilament market is segmented under the Fishing Net, Medical, Automotive, Consumer Goods, Others. Based on the Distribution Channel, the Nylon Monofilament market is segmented under the channels of Online and Offline. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).
Europe Nylon Market Dynamics:
- Growing Agricultural Sector
One of the primary elements using the call for nylon monofilament marketplace is the developing agriculture zone across the world, as its miles basically used as nylon fishing line. The overall cost of farm manufacturing in Germany in 2021 becomes US$ 679.91 million. Farm Manufacturing in Germany is expected to grow at a CAGR of 3.59 through the forecast period.
- An increasing number of diabetic patients across the country
Nylon Monofilament is used to screen diabetic feet for loss of protection. This is done to see how nerves react to vibrations and temperature changes. As a result, the demand for the nylon monofilament market is increasing as the number of cases of diabetes increases around the world. In Europe, approximately 32.2 million adults will suffer from diabetes in 2021, and the number of cases is expected to increase to 50 million during the predicted period.
- Increasing demand for nylon monofilaments from fishing net segments
Nylon monofilament is a single continuous filament of synthetic fiber. Nylon fishing line is the most famous monofilament. Nylon monofilament has a higher melting point than polypropylene and is usually extruded at temperatures between 260 and 270 degrees Celsius.
Various fishing nets are made of nylon monofilament. It is widely used as fishing net because of its low cost and durability. Growth in the fishing sector and increased demand for fish are expected to drive demand for nylon monofilaments for fishing net applications over the forecast period. According to the Food and Agriculture Organization of the United States, global fish production in 2021 was 5.77 million tonnes.
- Increased demand for sports equipment
The increasing demand for sporting goods due to the rapid commercialization of racket sports is expected to support the development of the global market. Aromatic nylon 3D woven composite material has high strength and impact resistance and is widely used in sports protective equipment such as protective clothing, gloves, leg guards and knee pads.
Growth in the nylon monofilament market is hampered by volatile raw materials. Nylon monofilament is made by refining crude oil with naphtha. Crude oil is a highly volatile product due to the ever-changing supply and demand scenarios. One of the biggest challenges facing the nylon monofilament market is the volatility of crude oil prices. Regional oil prices fell 20.54% in 2021.
This reflects the volatility of crude oil and is one of the biggest challenges for the nylon monofilament market. In contrast, alternatives such as linen, which are highly elastic and inexpensive in many extreme conditions, pose a major challenge to the nylon monofilament market.
Europe Nylon Market Segment Analysis:
By Product, Nylon 6 and nylon 66 are two major nylon monofilament products. Because of their large production and widespread applications, these products dominate the global nylon monofilament market. Nylon 6 has lower heat resistance than nylon 66 but lower costs, aesthetic benefits, and other advantages such as the easy colour ability.
In 2021, nylon 6 had a 44.0 % market share in the regional nylon monofilament market, followed by nylon 66 and others with 43.7 % and 12.2 %, respectively. The regional nylon monofilament market is expected to be driven by growing medical applications, particularly in the treatment of diabetes, as well as other applications such as fishing nets, consumer goods, and automotive. The aging population, combined with rising fish food and automotive demand, is expected to boost the overall nylon monofilament market.
These products have numerous applications in consumer goods, medical applications, the automotive sector, the paper market, and the textile market. Specific applications of nylon monofilament products include fishing nets, racket strings, trimmer lines, automobile seat belts, paper machine clothing, technical & commercial textiles, wigs, and concrete reinforcements.
Bio-based nylon monofilaments, specialty monofilaments, nylon 610, nylon 612, and semi-aromatic nylons are also available. These specialty nylons have a limited application scope at the moment, but they are quickly gaining industry acceptance. Bio-based nylon monofilaments are similar to conventional nylon monofilaments in appearance, but they are easily degradable and lack harmful properties that harm the environment.
By Application, Nylon monofilaments have a wide range of applications and are used in a variety of industries. Some major end-use industries include medical applications, consumer goods, the automotive sector, technical and commercial textiles, and the paper market.
The regional market is expected to be driven by novel applications as well as medical applications, particularly in diabetes treatment. Though all applications are expected to grow in the future, medical applications and other uses are expected to increase their market share slightly over the forecast period.
Because of numerous applications such as trimmer lines used in the gardening market, racket strings, and furniture, consumer goods dominate the nylon monofilament application market. Seat belts, conveyor belts, and braided sleeves are common applications in the automotive and aerospace sectors.
Several textiles that are critical for industrial purposes, such as filtration fabrics, are used in technical and commercial textile applications. Commercial textiles include the fashion market, which uses nylon monofilament in wigs and designer fabrics. Despite having a limited scope at the moment, nylon monofilament medical applications are expected to grow significantly due to rising demand and robust R&D initiatives.
Nylon monofilaments are currently widely used to detect foot sensitivity in diabetic patients. This application is expected to grow rapidly during the forecast period due to the significant increase in diabetes patients worldwide, particularly in the Asia Pacific. In the paper industry, nylon monofilament is used in forming fabrics, dryer screens, and press felts.
Europe Nylon Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a regional presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Europe Nylon market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Nylon market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Nylon Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Nylon market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Nylon market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Nylon market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Nylon market. The report also analyses if the Europe Nylon market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Nylon market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Nylon market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Nylon market is aided by legal factors.
Europe Nylon Market
by Distribution Channel
Market Size in 2021:
USD 281.46 Million
Market size in 2027:
USD 380.43 Million
Europe Nylon Market Key Players:
- Ashley Polymers Inc.(New York, United States)
- Engineered Monofilaments Corporation (Vermont, United States)
- Superfil Products Ltd.(Chennai, India)
- Toray Monofilament Co. Ltd.( Okazaki, Japan)
- Perlon Monofil GmbH (Munderkingen, Germany)
- Wenzhou Ruichang Special Monofilament Factory (Wenzhou, China)
- Luftkin Enterprise Co. (Canada)
Frequently Asked Questions
The segments covered in the Europe Nylon Market report are based on Product, Distribution Channel, and Application.
The market size of the Europe Nylon Market by 2027 is expected to reach USD 380.43 Billion.
The forecast period for the Europe Nylon Market is 2022-2027.
The market size of the Europe Nylon Market in 2021 was valued at USD 281.46 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Nylon Market: Target Audience
- Europe Nylon Market: Primary Research (As per Client Requirement)
- Europe Nylon Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Nylon Market Segmentation
- Europe Nylon Market, by Product (2021-2027)
- Nylon 6
- Nylon 66
- Europe Nylon Market, by Application (2021-2027)
- Fishing Net
- Consumer Goods
- Europe Nylon Market, by Distribution Channel (2021-2027)
- Europe Nylon Market, by Country (2021-2027)
- United kingdom
- Rest of Europe
- Europe Nylon Market, by Product (2021-2027)
- Company Profiles
- Key Players
- Ashley Polymers Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Engineered Monofilaments Corporation
- Superfil Products Ltd.
- Toray Monofilament Co. Ltd.
- Perlon Monofil GmbH
- Wenzhou Ruichang Special Monofilament Factory
- Luftkin Enterprise Co.
- Ningbo Judin Special Monofilament Co. Ltd
- Ashley Polymers Inc.
- Key Players
- Key Findings