What is Nylon Monofilament Market?
Nylon monofilament is a synthetic non-absorbable suture composed of a polyamide polymer, which has great elasticity, high tensile strength, controlled elongation and produces extremely low tissue reactivity. It has properties like a high melting point and excellent abrasion resistance and used for a wide variety of applications. Nylon Monofilament is used for the production of a variety of fishing nets because of its cost-effective and durable properties. It is also used for medical uses, consumer goods, the automotive industry and other applications. The factors such as High Demand of Nylon Monofilament for Fishing Net Application and Increasing Consumption in Asia Pacific Countries such as China, India, and Japan are the major driving factors of the nylon monofilament market. Fluctuations in the Raw Material Prices may hamper the market growth.
The market study is being classified by Type (Nylon 6, Nylon 66 and Others), by Application (Medical, Automotive, Consumer Goods and Other) and major geographies with country level break-up.
Atkins & Pearce, Inc. (United States), Ningbo Judin Special Monofilament Co., Ltd. (Hong Kong), Plastifil SA (Switzerland), Voith (Germany), ABC Polymers (United States), Perlon nextrusion Monofil GmbH (Germany), Ashley Polymers Inc. (United States), Superfil Products (P) Limited (India), Albany International Corporation (United States), Engineered Monofilaments Corporation (EMCO) (United States), Wenzhou Ruichang Special Monofilament Factory (China), AstenJohnson Inc. (United States), Toray Monofilament CO., Ltd (Japan) and Jarden Applied Materials (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hahl Group GmbH (United States), Luftking Enterprise Co., Ltd. (Taiwan) and Nextrusions inc. (Canada).
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Nylon Monofilament market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nylon Monofilament market by Type, Application and Region.
On the basis of geography, the market of Nylon Monofilament has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand of Nylon Monofilament for Fishing Net Application
- Increasing Consumption in Asia Pacific Countries such as China, India, and Japan
Market Trend
- Increasing Demand for Medical Applications such as Neuropathy Treatment
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Demand from End-users
- Increasing Applications of Nylon Monofilament
Challenges
- Strict Environmental Rules and Regulations
Key Target Audience
Nylon Monofilament Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users