Nylon Monofilament Market Size To Reach $1.88 Billion By 2030

Nylon Monofilament Market Growth & Trends

The global nylon monofilament market size is expected to reach USD 1.88 billion in 2030 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. 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 the medical industry is also expected to have a positive impact on market growth over the forecast period. The threat of substitutes 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. 

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Nylon Monofilament Market Report Highlights

• Increasing nylon monofilament demand for manufacturing sports equipment is expected to drive this segment. The development of novel applications in the medical industry is expected to spur growth for this segment over the forecast period.

• Asia Pacific nylon monofilament market dominated the global market and accounted for the largest revenue share of 64.6% in 2023. 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. Positive outlook on the 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.

Nylon Monofilament Market Segmentation

Grand View Research has segmented the global nylon monofilament market report by type, application, and region:

Nylon Monofilament Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Nylon 6

• Nylon 66

• Others

Nylon Monofilament Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Consumer Goods

• Medical

• Fishing Nets

• Automotive

• Others

Nylon Monofilament Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in Nylon Monofilament Market

• Toray Industries, Inc.

• BASF SE

• DuPont

• Royal DSM

• Solvay

• Evonik Industries AG

• Lanxess AG

• Asahi Kasei Corporation

• EMS-Chemie Holding AG