Nylon Monofilament Market Share, Size & Trend Report

Nylon Monofilament Market Share, Size & Trend Analysis Report By Product (Nylon 6, Nylon 66), By Application (Fishing Net, Medical, Automotive, Consumer Goods) And Segment Forecasts To 2020

  • Published Date: Mar, 2015
  • Base Year for Estimate: 2014
  • Report ID: 978-1-68038-364-5
  • Format: Electronic (PDF)
  • Historical Data: 2012-2014
  • Number of Pages: 100

Industry Insights

Global nylon monofilament market demand was 324.0 kilo tons in 2012. Growing fishing industry and strong automotive demand are projected to impact positively the global nylon monofilament market. Rising fish food demand is slated to bolster the fishing industry. This is further presumed to augment the industry. Growing nylon usage in consumer goods and the subsequent rise in consumer goods demand is presumed to support further the market growth.

Increasing monofilament applications in the medical industry, especially in countering diabetes, is expected to complement the global nylon monofilament market. Growing demand for nylon monofilaments in the commercial and technical textiles industry as well in the gardening industry is slated to aid its demand.

Global nylon monofilament market

Over the recent years, companies have been focusing on nylon monofilament production from bio-based sources. Customer trends encapsulate rising fish food demand and growing medical applications such as neuropathy treatment. Such customer trends are presumed to aid the nylon monofilament market. Environmental regulations and guidelines from regulatory agencies such as EPA may hamper the nylon monofilament market. However, government initiatives such as developing SEZs with a mind to encourage the nylon market are touted to positively impact the market.

Increasing demand for sports equipment owing to rapid commercialization of racket sports is touted to assist further global market development. Volatile raw material prices and the advent of cheaper substitutes such as polyesters are expected to remain key challenges in the global nylon monofilament market. Growing environmental concerns regarding nylon bio-degradability are presumed to hinder further the global market. R&D initiatives to develop environment-friendly monofilaments promise vast opportunities for the industry participants.

Developing novel applications in consumer goods and medical applications also offer abundant opportunities for the new as well as the seasoned industry participants. Developing specialty nylons and bio-based nylons market can also be considered as a lucrative opportunity for the global industry participants

Product Insights

Major nylon monofilament products include nylon 6 and nylon 66. These products dominate the global nylon monofilament market owing to their large production and widespread applications. Nylon 6 has lower heat resistance compared to nylon 66 but has lower costs, aesthetic advantages and other benefits such as easy colorability.

Nylon 6 dominated the regional nylon monofilament market in 2013 with 44.0% market share, followed by nylon 66 and others with 43.7% and 12.2% respectively. Growing medical applications, especially in treating diabetes, and other applications such as fishing nets, consumer goods and automotives are projected to drive the regional nylon monofilament market. Aging population coupled with rising fish food and automotive demand is presumed to further augment the overall nylon monofilament market.

These products have wide applications in the field of consumer goods, medical uses, automotive industry, paper industry and textile industry. Fishing nets, racket strings, trimmer lines, seat belts in automobiles, paper machine clothing, technical & commercial textiles, wigs and concrete reinforcements are a few specific applications of nylon monofilament products.

Other products include bio-based nylon monofilaments, specialty monofilaments, nylon 610, nylon 612 and semi-aromatic nylons. These specialty nylons have a narrow application scope at present but are gaining rapid acceptance in the industry. Bio-based nylon monofilaments are similar to conventional nylon monofilaments, but are easily degradable and do not possess the harmful properties that negatively impact the environment.

Application Insights

Nylon monofilaments have a broad application scope and are used in myriad industries. Medical uses, consumer goods, automotive industry, technical & commercial textiles, and paper industry are some major end-use industries.

Novel applications as well as medical applications, especially in diabetes treatment, are presumed to drive the regional market. Though, every application is projected to grow in the future, medical applications and other uses are slated to slightly increase their market share over the forecast period

Consumer goods dominate the nylon monofilament application market owing to numerous applications such as trimmer lines used in the gardening industry, racket strings, and furniture. Applications in the automotive & aircraft industry usually include seat belts, conveyor belts, and braided sleeves. Technical & commercial textile applications include several textiles that are critical for industrial purposes such as filtration fabrics.

Global nylon monofilament market size

Commercial textiles encompass the fashion industry, which has various nylon monofilament applications such as wigs and designer fabrics. Nylon monofilament medical applications, though has a narrow scope at present, are poised to grow significantly owing to growing demand as well as robust R&D initiatives.

Currently, nylonmonofilaments are extensively used to detect foot sensitivity in diabetes patients. This application is presumed to witness brisk growth in the near future due to the significant rise in diabetes patients around the world, especially in Asia Pacific. Forming fabrics, dryer screens, and press felts are a few nylon monofilament applications in the paper industry.

Regional Insights

Global nylon monofilament market is dominated by Europe and Asia in terms of consumption. China and U.S. play a critical role in the global nylon monofilament market as they are the largest global nylon 6 and nylon 66 producers respectively.

Asia Pacific dominated the global nylon 66 monofilaments market, followed by Europe. Asia Pacific demand was 95.1 kilo tons in 2013 and is expected to reach 136.1 kilo tons in 2020. North America nylon 66 monofilaments demand was 15.1 kilo tons in 2013 and is expected to grow at a CAGR of 5.1% over the next six years and reach market demand of 21.2 kilo tons in 2020.

Emerging markets such as China, India, Brazil, and Russia are presumed to witness significant growth over the forecast period owing to their voracious consumer goods demand. The fishing industry is poised to grow significantly in both the emerging and developed regions.

India and China are currently the largest fish producing countries. Europe and North America too are slated to witness higher fish food demand. Such a trend in developed and emerging regions is presumed to compliment the global nylon monofilament market.

Emerging countries are touted to offer vast opportunities for the industry participants due to the growing automotive and electronics industry. Shifting manufacturing bases to emerging countries due to cheaper operational and manufacturing costs is expected to be a critical driver for the regional market.

Asia dominates global diabetes as India, China, Indonesia, Russia, and Pakistan have the maximum number of diabetes patients in the world. Rising diabetes patients around the globe coupled with the aging population in countries such as Japan and U.S are slated to drive the concerned regional market.

Nylon Monofilament Market Share Insights

Key industry participants are engaging in vigorous R&D initiatives to develop monofilaments with superior qualities and less environmental impact. Companies develop proprietary nylon monofilaments with special characteristics to serve particular industries. Emerging regions such as Asia-Pacific and Latin America promise ample opportunities to the industry participants.

Companies are looking to expand their production capacities to meet the growing demand in the emerging markets. As a part of sustainable development, the companies are also planning to partake in R&D initiatives to develop environment-friendly nylon monofilaments from bio-based sources.

Perlon Monofil GmbH, Shakespeare Monofilaments and Luftking Enterprise Co. are some other prominent nylon monofilament producers. Goodfellow Corp., Komar Threads and Sigma Aldrich are a few key companies engaged in nylon monofilament distribution. Integration along the entire value chain is absent, however segmented integration can be seen along the value chain. There is high level of integration among the raw material manufacturers, resin producers and monofilament producers

The major industry participants include Ashley Polymers Inc., Hinafil India Ltd., Engineered Monofilaments Corporation, Toray Monofilament Co. Ltd., Superfil Products Ltd., Ningbo Judin Special Monofilament Co. Ltd., Perlon Monofil GmbH, Luftking Enterprise Co. Ltd and Wenzhou Ruichang Special Monofilament Factory.

Report Scope

Attribute

Details

Base year for estimation

2014

Actual estimates/Historical data

2012 - 2014

Forecast period

2015 - 2020

Market representation                                    

Revenue in USD Million & CAGR from 2015 to 2020

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Canada, UK, Germany, France, Italy, India, Japan, China, Mexico

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends in each of the sub-segments from 2012 to 2020. For the purpose of this study, Grand View Research has segmented the Nylon Monofilament market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2012 - 2020)

    • Nylon 6

    • Nylon 66

    • Others

  • Application Outlook (Revenue, USD Million, 2012 - 2020)

    • Fishing Net

    • Medical

    • Automotive

    • Consumer Goods

    • Others

  • Regional Outlook (Revenue, USD Million, 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • Central & South America

    • Middle East & Africa

Key questions answered by the report
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