Monofilament, a single filament of
synthetic fiber, is widely used in the nylon fishing line. It can be made using
nylon, polyester, and polyolefins. Monofilaments are widely preferred in
fishing lines instead of multifilaments owing to flexibility, good shock
strength, and cost-effectiveness. The product finds use in fishing &
agriculture net, ropes, fabric, paper mill filters, textile conveyor belts,
medical devices, wastewater treatment, stretched tapes, and sports strings
among others.
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The global monofilament market
growth is driven by the growing fishing industry as it provides both protein
and source of income. Expanding fish and other seafood production in both
developed and developing nations as a result of increased spending on animal
food for protein is the major driving factor for the global monofilament
market. However, loss of marine habitats due to eutrophication, shipping,
and coastal area development is projected to hamper the market growth in the
upcoming years.
Expanding apparel & textile
industry coupled with changing fashion trends and rising disposable income of
the consumers is fuelling the product demand. Presence of major textile players
in India and China such a Bombay Dyeing and Manufacturing Company Ltd and
Raymond Ltd among others are uplifting the market growth.
Escalating medical industry as a
result of increased spending on healthcare coupled with rising geriatric
population and high per capita income in both developed and developing
economies is likely to drive the demand. Additionally, adoption of advanced
techniques for curing diseases is another important factor supporting the market
growth. For instance, Zeus introduced an LCP monofilament for use in catheter
braiding reinforcement, which will help in catheter construction without using
metal. Thriving automotive industry in the developing economies as a result of
surging demand for lightweight automobiles is expected to offer lucrative
opportunities for the monofilament market.
· SUPERFIL
· Hinafil India Limited
· NYCOA
· Shinkey Monofilament Enterprise
Co., LTD
· ONGC Petro additions Limited
· TORAY INDUSTRIES, INC.
· Polymer Industries
· Jarden Applied Materials, Jarden
Process Solutions
· Engineered Monofilaments
Corporation
· Albany International Corp
· Medical Monofilament Manufacturing
· Zeus Industrial Products, Inc
Market Segmentation
The Global Monofilament Market
is segmented into type, application, and region.
On the basis of the type, the
market is segregated into nylon, polyester, and polyolefins. The nylon is
further segmented into nylon 6 and nylon 66. Polyolefins are further segmented
into high-density polyethylene (HDPE), polyethylene, and polypropylene.
Nylon is the widely used
monofilament owing to high tensile strength, viscosity, elongation, and abrasion
resistance. It is increasingly used in fishing nets, ropes, insect screen,
garden trimmer lines, vineyards, stretched tapes, and tarpaulin. Polyester
monofilament finds application in the textile industry for conveyor belts,
paper mill filters, and zip fasteners.
On the basis of the application,
the market is segregated into fishing & agriculture, textile, medical,
automotive, wastewater treatment, and others. The fishing and agriculture
segment accounted for the largest market share owing to increasing demand for
seafood across the regions. Rising production and supply of seafood in the
developing nations such as India, China, and Thailand among others are
augmenting the market growth. The medical industry is the fastest growing
application for monofilament owing to rising demand for the non-invasive
medical procedures globally.
Based on the region, the market is
segregated into North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa.
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Regional Analysis
Based on the region, the market is
segregated into North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa.
Asia Pacific was leading the global
monofilament market in 2017 and is expected to grow at a significant rate
during the review period with growing fishing and agricultural industry. This
is with respect to the rising demand for seafood coupled with increasing
disposable income of the consumers. Additionally, growing agricultural industry
with surging demand for nutritious food products is stimulating the
monofilament demand.
North America emerged as the second
largest market owing to escalating demand for seafood. Furthermore, burgeoning
medical industry coupled with increased spending on healthcare and rising
geriatric population is likely to propel the market growth.
Europe is the prominent region in
the global monofilament market due to growing medical industry as a result of
rising R&D activities, especially in Germany. Latin America and the Middle
East & Africa are likely to show a healthy growth during the review period
with growing major end-use industries.
Intended Audience
- Monofilament manufacturers
- Traders and distributors of monofilament
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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