Nylon Monofilament Market Size, Share, Growth Analysis, By Product(Nylon 6, Nylon 66, Others), By Application(Fishing Net, Medical, Automotive, Consumer Goods), By Region - Industry Forecast 2024-2031

Nylon Monofilament Market size was valued at USD 2 billion in 2021 and is poised to grow from USD 2.13 billion in 2022 to USD 3.53 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

The global market for nylon monofilament is primarily propelled by the expanding utilization of nylon monofilament within the consumer goods sector, which is intertwined with the burgeoning consumer goods industry. The heightened demand for fish-related products is also stimulating the growth of the fishing industry, thus providing impetus to the market. Furthermore, the increasing application of monofilament in the medical field, particularly in addressing diabetes, is expected to complement the global nylon monofilament market.

The escalating requirement for nylon monofilaments in the realms of commercial and technical textiles, as well as in the gardening sector, is anticipated to underpin its market demand.

In recent years, businesses have directed their efforts towards producing nylon monofilament using bio-based sources. Noteworthy trends among customers encompass the burgeoning fish food market and the advancement of medical applications such as neuropathy treatment. These customer trends are projected to provide substantial support to the nylon monofilament market.

US Nylon Monofilament Market is poised to grow at a sustainable CAGR for the next forecast year.