About Monofilament
Monofilament, a single filament of synthetic fiber, used mostly in the nylon fishing line. Monofilament can be made using nylon, polyester, and polyolefins. It can also be used in braiding applications where weaved products are produced to provide non-stick, high-temperature surfaces. Monofilaments are having properties such as flexibility, good shock strength, and cost-effectiveness. Escalating the medical industry as a result of increased spending on healthcare coupled with a rising geriatric population and high per capita income in both developed and developing economies is likely to drive the demand. North America is the major region in the market as a result of the increasing consumption of seafood, especially in the United States.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The United States monofilament market is very fragmented due to the presence of a large number of players, who are engaging in the latest research & development initiatives to develop monofilaments with superior qualities and less environmental impact. Companies are developing proprietary nylon monofilaments with special characteristics to serve particular industries. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Monofilament market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jadex Inc. (United States), Engineered Monofilaments Corporation (United States), Albany International Corp (United States), Medical Monofilament Manufacturing (United States), NYCOA (United States), Polymer Industries (United States), Sigma Aldrich (United States), Zeus Industrial Products, Inc. (United States), Fluorotherm (United States) and Komar Alliance, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Perlon Monofil GmbH (Germany), Luftking Enterprise Co. (Taiwan), SUPERFIL (India), Shinkey Monofilament Enterprise Co., LTD (Taiwan) and Toray Industries, Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Monofilament market by Type (Nylon Monofilament, Polyester Monofilament and Polyolefin Monofilament), Application (Fishing & Agriculture, Textile, Medical, Automotive and Others) and Region.
On the basis of geography, the market of 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). If we see Market by Thickness, the sub-segment i.e. ≥ 100 µm will boost the Monofilament market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Number of Ply, the sub-segment i.e. 1 Ply will boost the Monofilament market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online (E-commerce, Manufacturers Portal) will boost the Monofilament market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Nylon 66 Monofilaments
Market Growth Drivers:
Growing Fishing Industry and Increased Spending On Animal Food for Protein, Expanding Apparel & Textile Industry Due To Rising Disposable Income of the Consumers and High-Use Temperature, Chemical, and UV Radiation Resistant
Challenges:
Not Overly Sensitive owing to Stretchiness and Prolonged exposure to UV Light Can Weaken Monofilament
Restraints:
Fluctuation in Raw Material Prices
Opportunities:
Expansion to Other Materials Such As FEP, PFA, ETFE and PEEK and Surging Demand for Lightweight Automobiles and Aerospace Applications
On September 15, 2016, Zeus has introduced a new MRI-compatible LCP monofilament for vascular interventions. This technology overcomes a significant limitation of other vascular visualization procedures and removes radiation exposure as a consequence.
Key Target Audience
Monofilament Manufacturers, Research and Development Institutes, Raw Material Suppliers, Nationalized Laboratory, Distributors/Traders/Wholesalers/Retailers, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.