Nylon Monofilament Market: Global Industry Analysis and Forecast (2024-2030)

Nylon Monofilament Market Definition:

Nylon is a polymer filament that is commonly used in this fabric. Some of the notable reasons for nylon's popularity as a polymer filament for these fabrics include its high durability and resistance to corrosion. Monofilament yarn has a solid cross-section and a circular cross-section. Its shape can be manipulated to produce hollow and/or noncircular filaments.

 

Further, the Nylon Monofilament market is segmented by Product, Application, Distribution Channel, and geography. On the basis of Product, the Nylon Monofilament 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 following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

To get more Insights: Request Free Sample Report

 

Nylon Monofilament Market Dynamics:

Nylon Monofilament Market Drivers:

 

1. Growing Agricultural Sector

One of the major factors driving the demand for the nylon monofilament market is the growing agriculture sector around the world, as it is primarily used as a nylon fishing line. The total value of farm production in Japan in 2021 was US$84,162 million, a 2.63 percent increase from US$81,999 in past years.

 

Agriculture and food-related industries in the United States contributed about 5.2 percent of total GDP in 2021. According to UK national statistics, seed production increased by 17 percent in 2021, while plant protection product production increased by 10%. This will boost the market for nylon monofilament even more.

 

2. The growing number of diabetes patients across the country

Nylon monofilament is used to screen diabetic feet for loss of protective sensation. This is done to see how the nerves react to vibration and temperature changes. As a result, the rise in diabetes cases around the world is increasing demand for the nylon monofilament market. 

 

Approximately 463 million adults (20-79 years) have diabetes as of 2021, with the number of cases expected to rise to 700 million during the forecast period. Diabetes also resulted in at least $760 billion in healthcare costs in 2021. This will increase demand.

 

3. Growing Demand for Nylon Monofilament from Fishing Net Segment

Nylon monofilament is a single, continuous strand filament of synthetic fiber. Nylon fishing line is the most well-known monofilament. Nylons monofilaments have higher melting points than polypropylene and are typically extruded at temperatures between 260 and 270 degrees Celsius.

 

A wide range of fishing nets is made from nylon monofilament. Because of its low cost and durability, it is widely used as a fishing net. Growth in the fishing sector and rising fish demand are expected to drive up demand for nylon monofilament from fishing net applications through the forecast period.

 

According to the Food and Agriculture Organization of the United Nations, fish production in 2021 was 177.58 million tonnes. The impact of COVID-19 has reduced production by 1.7 percent.

 

The India Fish Market was valued at US$ 1232 Bn in 2021. The India Fish Marke size is expected to grow at a CAGR of 10.5 % through the forecast period.

 

4. Increased demand for sports equipment

Increased demand for sports equipment as a result of the rapid commercialization of racket sports is expected to bolster market development. Three-dimensional textile fabric composites made of aromatic nylon have high strength and impact resistance and are widely used in sports protection tools such as protective clothing, gloves, leg guards, and knee guards.

 

The Sport Market was valued at US$ 388.3 Bn in 2021. The Sport Market size is expected to grow at a CAGR of 3.4 % through the forecast period.

 

Nylon Monofilament Market Restraints:

 

1. The growth of the nylon monofilament market is being hampered by volatile raw materials.

Nylon monofilament is created by refining crude oil with naphtha. Because of the constantly changing supply-demand scenario, crude oil is a highly volatile commodity. One of the most significant challenges to the nylon monofilament market is the volatility of crude oil prices. The price of crude oil decreased by 20.54 percent in 2021. This reflects the volatile nature of crude oil and is thus one of the most significant challenges to the nylon monofilament market. In contrast, substitutes such as linen, which is highly resistant to many extreme conditions and also less expensive, pose a significant challenge to the nylon monofilament market.

 

Nylon Monofilament 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 nylon monofilament market. Nylon 6 has lower heat resistance than nylon 66 but lower costs, aesthetic benefits, and other advantages such as the easy color ability.

 

In 2023, nylon 6 had a 44.0 percent market share in the regional nylon monofilament market, followed by nylon 66 and others with 43.7 percent and 12.2 percent, 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 market 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 through 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 market, nylon monofilament is used in forming fabrics, dryer screens, and press felts.

 

Nylon Monofilament Market Regional Insights:

In terms of consumption, Europe and Asia dominate the nylon monofilament market. China and the United States are the world's largest producers of nylon 6 and nylon 66, respectively, and thus play an important role in the nylon monofilament market.

 

The Asia Pacific was the largest market for nylon 66 monofilaments, followed by Europe. In 2023, Asia Pacific demand was 95.1-kilo tonnes, and it is expected to increase to 136.1-kilo tonnes through the forecast period. Demand for nylon 66 monofilaments in North America was 15.1-kilo tonnes in 2023 and is expected to grow at a CAGR of 5.1 % through the forecast period, reaching 21.2-kilo tonnes in 2030.

 

Because of their voracious consumer goods demand, emerging markets such as China, India, Brazil, and Russia are expected to grow significantly through the forecast period. The fishing sector is expected to expand significantly in both emerging and developed markets.

 

India and China are currently the world's largest fish producers. Higher demand for fish food is expected in Europe and North America as well. This trend in developed and emerging markets is expected to support the nylon monofilament market.

 

Because of the growing automotive and electronics industries, emerging countries are expected to provide numerous opportunities for business participants. Manufacturing base relocation to emerging countries due to lower operational and manufacturing costs is expected to be a key driver for the regional market.

 

Asia has the most diabetes patients in the world, with India, China, Indonesia, Russia, and Pakistan having the most. Rising diabetes patients worldwide, combined with an aging population in countries such as Japan and the United States, are expected to drive the concerned regional market.

 

Higher demand for fish food is expected in Europe and North America as well. This trend in developed and emerging markets is expected to boost the nylon monofilament market.

 

Nylon Monofilament 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 global 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 global market, key players in the market, particularly in North America and Europe, 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 Global Nylon Monofilament market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Nylon Monofilament 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 Global Nylon Monofilament 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 Global Nylon Monofilament 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 Global Nylon Monofilament market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Nylon Monofilament 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 Global Nylon Monofilament market. The report also analyses if the Global Nylon Monofilament 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 Global Nylon Monofilament market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Nylon Monofilament market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Nylon Monofilament market is aided by legal factors.

 

Nylon Monofilament Market Scope:

Nylon Monofilament Market
Market Size in 2023	USD 2172.17 Bn.
Market Size in 2030	USD 3056.47 Bn.
CAGR (2024-2030)	5 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Nylon 6 Nylon 66 Others
	By Application Fishing Net Medical Automotive Consumer Goods Others
	By Distribution Channel Online Offline
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Nylon Monofilament Market Key Players:  

• Ashley Polymers Inc. (New York, United States)
• Hinafil India Ltd. (Mumbai, India)
• Toray Monofilament Co. Ltd. (Tokyo, Japan)
• Superfil Products Ltd. (Nandanam, Chennai)
• Ningbo Judin Special Monofilament Co. Ltd. (Michigan, United States)
• Perlon Monofil GmbH (Nordrhein-Westfalen, Germany)
• Wenzhou Ruichang Special Monofilament Factory. (china)
• BC Polymer Industries, LLC (Alabama, United States)
• ASTENJOHNSON (South Carolina, United States)
• Atkins & Pearce (United states)
• Engineered Monofilaments Corporation (EMCO) (Vermont,  United States)
• RUICHANG MONOFILAMENT (Zhejiang, China)
• Shakespeare Company, LLC (Columbia, SC, United States)
• TORAY INDUSTRIES, INC. ((Tokyo, Japan)
• Voith GmbH & Co. KGaA (Heidenheim, Germany)