What is Monofilament Market Scope?
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.
The Monofilament market study is being classified by Type (Nylon Monofilament, Polyester Monofilament and Polyolefin Monofilament), by Application (Fishing & Agriculture, Textile, Medical, Automotive and Others) and major geographies with country level break-up.
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. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Monofilament market throughout the predicted period.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Perlon Monofil GmbH (Germany), Luftking Enterprise Co. (Taiwan), SUPERFIL (India), Shinkey Monofilament Enterprise Co., LTD (Taiwan) and Toray Industries, Inc. (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Monofilament market by Type, Application 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).
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.
Influencing Market Trend
Market Drivers
- Growing Fishing Industry and Increased Spending On Animal Food for Protein
- Expanding Apparel & Textile Industry Due To Rising Disposable Income of the Consumers
- High-Use Temperature, Chemical, and UV Radiation Resistant
Opportunities
- Expansion to Other Materials Such As FEP, PFA, ETFE and PEEK
- Surging Demand for Lightweight Automobiles and Aerospace Applications
Restraints
- Fluctuation in Raw Material Prices
Challenges
- Not Overly Sensitive owing to Stretchiness
- Prolonged exposure to UV Light Can Weaken Monofilament
Key Target Audience
Monofilament Manufacturers, Research and Development Institutes, Raw Material Suppliers, Nationalized Laboratory, Distributors/Traders/Wholesalers/Retailers, End-Use Industries and Others
Customization available in this Study:
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