The global nylonmonofilaments market is expected to reach USD 1.89 billion by 2020,
according to a new study by Grand View Research, Inc. Growth of key end-use
industries such as automotive, fishing and consumer good in Asia Pacific and
Latin America is expected to remain a key driving factor for the global nylon
monofilament market. Growing nylon monofilament application development in
medical industry is also expected to have a positive impact on the market
growth over the forecast period. Threat of substitute from other polymers such
as PVDF and polypropylene is expected to remain a key challenge for market
participants over the next six years.
Nylon 6 and nylon 66 commanded a major
share in the global market. Together, they accounted for over 85% of total
market volume in 2013. Nylon 6 is expected to witness the highest growth of
5.3% from 2014 to 2020. Global demand for nylon 66 based monofilaments is
expected to exceed a market worth USD 850 million by 2020.
Access Research Report of Nylon
Monofilament Market @ http://www.grandviewresearch.com/industry-analysis/nylon-monofilament-market
Further key findings from the study suggest:
· Global nylon monofilament market demand was
337 kilo tons in 2013 and is expected to reach 476.4 kilo tons, growing at a
CAGR of 5.2% from 2014 to 2020.
· Consumer goods were the largest application
segment and accounted for 29.9% of total consumption in 2013. Increasing nylon
monofilament demand for manufacturing sports equipment is expected to drive
this segment. Medical is expected to witness the highest growth rate of 5.8%
from 2014 to 2020. Development of novel applications in medical industry is
expected to spur growth for this segment over the forecast period.
· Asia Pacific emerged as the leading
regional market and accounted for 64.1% of total market volume in 2013. Asia
Pacific is expected to maintain its lead position in the global market over the
forecast period. Growth of fishing and automotive industries in China, India
and Indonesia is expected to drive the regional market. Central & South
America is expected to witness the highest growth of 5.4% from 2014 to 2020.
Positive outlook on regional automotive industry and growing healthcare
expenditure particularly in Brazil and Argentina is expected to spur growth in
the region.
· Major industry participants have been focusing
to develop environmental friendly and superior nylon monofilaments. Key
companies have also been developing proprietary products to cater to specific
end-use markets. Some major companies operating in the global market include
Hinafil India Ltd., Ashley Polymers Inc., Engineered Monofilaments Corporation,
Superfil Products Ltd., Toray Monofilament Co. Ltd., Perlon Monofil GmbH,
Wenzhou Ruichang Special Monofilament Factory, Luftkin Enterprise Co. and
Ningbo Judin Special Monofilament Co. Ltd.
Grand View Research has segmented the nylon
monofilament market on the basis of product, application and region:
Global Nylon Monofilament Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Nylon 6
·
Nylon 66
·
Others
Global Nylon Monofilament Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Fishing Nets
·
Medical
·
Automotive
·
Consumer Goods
·
Others
Global Nylon Monofilament Regional Outlook
(Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
North America
o
U.S
o
Mexico
o
Canada
·
Europe
o
Germany
o
France
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East and Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment