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The market for monofilament is a significant segment within the broader textile industry, playing a crucial role in various applications ranging from fishing lines to medical sutures. Monofilament refers to a single, continuous filament typically made from polymers such as nylon, polyester, or polypropylene. Its popularity stems from its versatility, durability, and resistance to abrasion and chemicals.
One of the primary sectors driving the monofilament market is the fishing industry. Monofilament fishing lines are preferred by anglers for their strength, flexibility, and reduced visibility underwater, enhancing the chances of a successful catch. As recreational fishing continues to gain popularity worldwide, especially as a leisure activity, the demand for high-quality monofilament lines is expected to remain robust.
Thriving automotive industry in the developing economies as a result of surging demand for lightweight automobiles is expected to offer lucrative opportunities
Additionally, the medical industry represents another key market for monofilament products. Monofilament sutures are widely used in surgical procedures due to their biocompatibility, flexibility, and ability to minimize tissue trauma. These sutures provide excellent tensile strength and knot security, ensuring reliable wound closure and promoting faster healing. With the rising number of surgeries performed globally and the growing emphasis on advanced medical treatments, the demand for monofilament sutures is poised to witness steady growth.
Moreover, the textile industry utilizes monofilament yarns in various applications, including weaving, knitting, and embroidery. Monofilament yarns offer unique properties such as uniform thickness, high tensile strength, and resistance to stretching, making them suitable for manufacturing technical textiles, sports equipment, and geotextiles. In particular, the geotextile sector utilizes monofilament yarns in the construction of roads, retaining walls, and drainage systems due to their durability and resistance to environmental factors.
Furthermore, the agricultural sector relies on monofilament products for applications such as crop protection, greenhouse shading, and horticultural support. Monofilament nets and meshes are used to create protective barriers against pests and adverse weather conditions, ensuring optimal growing conditions for crops and enhancing agricultural productivity. Additionally, monofilament ropes and twines are employed for trellising and supporting vine crops, such as tomatoes and grapes, thereby improving yield and quality.
The packaging industry also utilizes monofilament materials for various purposes, including securing loads during transportation, wrapping pallets, and bundling products. Monofilament tapes and straps offer high tensile strength and resistance to tearing, providing reliable packaging solutions for heavy-duty and bulky items. Moreover, monofilament nets and bags are used for packaging fruits, vegetables, and seafood, offering breathable and hygienic storage options.
In recent years, there has been a growing emphasis on sustainability and environmental consciousness across industries, driving the demand for eco-friendly monofilament products. Manufacturers are increasingly adopting recycled materials and biodegradable polymers to produce monofilament yarns and fibers, catering to the evolving preferences of environmentally conscious consumers. Additionally, innovations in production processes and technologies are enabling the development of monofilament products with reduced carbon footprint and ecological impact.
Monofilament Market Highlights:
Global Monofilament Market Overview
Monofilament Market Size was valued at USD 2.10 Billion in 2023. The Monofilament industry is projected to grow from USD 2.21 Billion in 2024 to USD 3.10 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2032). Increased application of nylon monofilament in different industries is the key market driver enhancing the growth of the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Monofilament Market Trends
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The growing application of nylon monofilament is driving the market growth.
Market CAGR for monofilament is being driven by the rising application of nylon monofilament. The increasing fishing industry, due to increasing demand for fish food and strong automotive requirements, is boosting the growth of the monofilament, especially the nylon monofilament. The rising nylon utilization in consumer goods and the simultaneous rise in the demand for consumer goods are anticipated to boost market growth. These filaments also have applications in the medical industry, mainly for countering diabetes.
The technical textile and commercial industries and also the gardening industries have an increasing demand for nylon monofilament. Currently, the market players are emphasizing nylon monofilament production from bio-based sources. The government initiatives like developing SEZs with an aim to encourage the nylon market are expected to boost the growth of the market. The rising requirement for sports equipment due to the increasing commercialization of racket sports is expected to help further the development of the market. The volatile prices for the raw materials and the availability of cost-effective alternatives like polyester are anticipated to be the main challenge for the market of nylon monofilament. Medical and consumer goods have developing new applications that are anticipated to provide large opportunities for the market players.
Nylon is one of the mainly utilized polymer filaments for this fabric, as they have high durability and strong corrosion resistance. The electric cables and cable assemblies and 3D Printer Filament, industrial fastening systems, eyewear retainers, woven or knitted narrow fabrics, thread, double-wall tank inter-layer, and other industries utilizes nylon monofilament. The research and development initiatives of the key market players for promoting the environment-friendly monofilament ensure profitable opportunities for them. The nylon monofilament also has a wide application in the agriculture industry. Thus, driving the Monofilament market revenue.
The environmental regulations and guidelines from EPA can restrain the nylon monofilament market. Further, the fluctuating price of the raw materials and the rising concerns about nylon-degradability are also restraining the market growth. The Nylon monofilament is of high cost as they are generated from crude oil refining using naphtha, which is a highly volatile commodity due to supply-demand issues.
Monofilament Market Segment Insights
Monofilament Type Insights
The Monofilament market segmentation, based on type, includes Nylon​, Polyester​, Polyolefins​, Others. The nylon segment dominates the market, accounting for the largest market revenue. Nylon has moderate heat resistance, low cost, aesthetic advantages, and other benefits like easy colorability. It has an increasing applications in medicine, particularly for treating diabetes, and other applications like fishing nets, automotive, and consumer goods, and it is anticipated to witness the rapid growth during the forecast period also.
Figure 1: Monofilament Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Monofilament Application Insights
The Monofilament market segmentation, based on application, includes Fishing & Agriculture​, Medical​, Textile​, Wastewater, Treatment​, Automotive​ Others. The consumer goods category dominates the market as it has applications like trimmer lines utilized in the gardening industry, furniture, and racket strings. Furthermore, the automotive and aircraft industry applications include conveyor belts, seat belts, and braided sleeves. The monofilament also has applications in different textiles, which are important for industrial purposes like filtration fabrics.
Monofilament Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Monofilament market dominates the market because of the growing consumption of seafood, especially in the United States. High spending on the apparel, along with the high per capita income of the population, has boosted the apparel and textile industry, thus fueling the market growth in the region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MONOFILAMENT MARKET SHARE BY REGION 2022 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Asia-Pacific Monofilament Market accounts for the second-largest market share due to the rising fish production and other seafood and the availability of economic resources. Moreover, China’s Monofilament market held the largest market share, and the Indian Monofilament market was the fastest-growing market in the Asia-Pacific region.
Europe's Monofilament market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing automotive industry in the region and the growing use of monofilament in vineyards. Further, the German Monofilament market held the largest market share, and the UK Monofilament market was the fastest-growing market in the European region.
Monofilament Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Monofilament market grow even more. Market participants are also undertaking a various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Monofilament industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Monofilament industry to benefit clients and increase the market sector. In recent years, the Monofilament industry has offered some of the most significant advantages to the industries. Major players in the Monofilament market, including Toray Industries Inc., Itochu Corporation, Ascend Performance Materials, NTEC, ABC Polymer Industries LLC, Suprfil Products Ltd, Perlon Monofil GmbH, Ashley Polymers Inc, Hinafil India Ltd, Engineered Monofilament Co. Ltd, and others, are attempting to increase market demand by investing in research and development operations.
Toray Industries Inc, headquartered in Japan, is a multinational corporation specializing in industrial products using technologies in organic synthetic chemistry, biochemistry, and polymer chemistry. The company also serves pharmaceuticals, biotechnology, research and development, reverse osmosis big membrane, medical products, electronics, IT products, and many more. Currently, it's the largest producer of carbon fiber and Japan's leading producer of synthetic fiber. In February 2018, the company declared the acquisition of a 350,000-square-meter business site in Sri City, India. This site is important for the company's advanced materials business, and it plans to invest more actively in management resources and utilize it as the operation base, keeping in mind the domestic demand in India and targeting South Asia in different business fields, where the requirement is anticipated to increase with time.
Itochu Corporation is a Japanese corporation based in Osaka and Tokyo. It is one of the leading Japanese sogo shosha, which is a general trading and investment company, distinguished by the strength of its business of textiles and its successful operation of the business in China. It was ranked 72nd on the Fortune 500 Companies 2020 list, with a yearly trading revenue of 100 billion dollars. In February 2021, Aquafil SPA and Itochu Corporation introduced a strategic alliance for promoting and spreading the circular nylon production section. The company aims for a more sustainable future by opting for sustainable practices in the recovery of nylon waste to the creation, manufacture, and sale of ECONYL nylon products.
Key Companies in the Monofilament market include
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Toray Industries Inc. - Itochu Corporation
- Ascend Performance Materials
- NTEC
- ABC Polymer Industries LLC
- Suprfil Products Ltd
- Perlon Monofil GmbH
- Ashley Polymers Inc
- Hinafil India Ltd
- Engineered Monofilament Co. Ltd
Monofilament Industry Developments
March 2022:Â KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy aimed to aid ketosis, digestion regulation, weight management, and encourage greater levels of energy.
June 2022:Â Nylon conductive monofilament was released by NTEC; this can minimize the effect of electrostatic discharge on the human body and circuit board to lessen danger in the production process. Hence widely utilized in the hairdressing industry and production industry.
August 2022:Â Britannia Techno Polymer, a Dutch engineering plastics manufacturer, was bought by Ascend Performance Materials. This acquisition helped in the establishment of the former manufacturing base in Europe and the expansion of its compounding capabilities.
Monofilament Market Segmentation
By Type
- Nylon​
- Polyester​
- Polyolefins​
- Others​
By Application
- Fishing & Agriculture​
- Medical​
- Textile​
- Wastewater Treatment​
- Automotive​
- Others​
By Region
- North America​
- Europe​
- Asia Pacific​
-  Latin America​
- Â Middle East & Africa
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