Market Size of Nylon Monofilament Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nylon Monofilament Market Analysis
The Nylon Monofilament Market size is expected to grow from USD 1.59 billion in 2023 to USD 2.08 billion by 2028, at a CAGR of 5.50% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the nylon monofilament market. Nylon monofilaments are mainly used in the manufacturing of fishing nets. The COVID-19 pandemic negatively impacted the fisheries and aquaculture sectors. However, the market is expected to achieve a positive growth rate over the coming years.
- The major factors driving the growth of the nylon monofilament market are the growing demand for nylon monofilament in fishing nets, the surge in adoption in automotive applications, and novel applications in the medical sector.
- However, government restrictions related to the use of nylon monofilament and volatility in raw material prices are hindering the growth of the nylon monofilament market.
- Significant increases in demand from industrial textile applications and the development of bio-based nylon monofilament are estimated to offer various opportunities for market growth over the forecast period.
