What is Polyester Monofilament?
Polyester monofilament is a single, continuous strand of polyester synthetic fiber. The market is expected to grow exponentially during the forecast period owing to the growth in fishing industry and expanding apparel & textile industry. Also,increasing use of polyester monofilament in automotive industry to the production of filter fabrics boosting the demand of polyester monofilament. Moreover,increasing knitting & weaving activities to make design on dresses and home-textiles trending in the market of polyester monofilament.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Toray Monofilament (Japan), Superfil Products (India), Perlon-Monofil, ABC (Australia), Jarden Applied Materials (United States), Judin Industrial (China), Ruichang Special Monofilament (China), Plastifil SA (Switzerland), Teijin (Japan), Monosuisse (Switzerland), Tai Hing (China) and Dolphin Sutures (India) |
The study covers a detailed analysis segmented by key business segments i.e. by type (PET, PBT and PEN) , by application (Fishy/Agricultural, Industrial, Consumer Goods and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Polyester Monofilament market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Polyester Monofilament market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Toray Monofilament (Japan), Superfil Products (India), Perlon-Monofil, ABC (Australia), Jarden Applied Materials (United States), Judin Industrial (China), Ruichang Special Monofilament (China), Plastifil SA (Switzerland), Teijin (Japan), Monosuisse (Switzerland), Tai Hing (China) and Dolphin Sutures (India).
The demand for Polyester monofilament is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Toray Monofilament, Superfil Products, Perlon-Monofiland others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how polyester monofilament can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Market Trend
Rising Knitting & Weaving Activities to Make Design on Dresses and Home-Textiles
Restraints
- Fluctuation in the Price of Raw Material
Opportunities
Expanding Apparel & Textile Industry in Developed and Developing Countries and Research and Development initiatives to Develop Environment-Friendly Monofilaments
Key highlights of the Global Polyester Monofilament market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Polyester Monofilament market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Polyester Monofilament market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Polyester Monofilament Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyester Monofilament market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyester Monofilament market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Raw Material Suppliers, Polyester Monofilament Distributors/Suppliers, Research and Development Organisation, Importers and Exporters, Government Organizations and End-use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.