Lucintel's latest market report analyzed that monofilament provides attractive opportunities in fishing & agriculture, medical, textile, automotive, wastewater treatment, and consumer good applications. The monofilament market is expected to reach $1.9 billion by 2028 with a CAGR of 5.2%. In this market, nylon is the largest segment by product type, whereas fishing & agriculture is largest by application.
Based on product type, the monofilament market is segmented into nylon, polyester, and polyolefin. The nylon segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it ensures excellent tensile strength and elasticity.
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The Monofilament Market is marked by the presence of several big and small players. Some of the prominent players offering monofilament include NYCOA, TORAY INDUSTRIES, Polymer Industries, Albany International, and Zeus Industrial.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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