Monofilament is a single strand of synthetic fiber that is used in a variety of applications, including fishing line and medical sutures. It is made by extrusion, which involves melting and then extruding a polymeric material, such as nylon, polyethylene, or polypropylene, through a die to produce a single continuous strand.
Monofilament is used in a variety of applications, including fishing line, medical sutures, textiles, and industrial and consumer products. It is highly durable and resistant to abrasion, making it an ideal material for many applications.
The global monofilament market is expected to grow at a CAGR of 5.3% from 2020 to 2027. Increasing demand for monofilament in various industries, such as fishing, medical, and textiles, is driving the growth of the market. Growing demand for monofilament in the packaging sector is also expected to boost the market growth. Moreover, increasing R&D activities and technological advancements in the production of monofilament are also contributing to the market growth.
The global Monofilament market was valued at US$ 636 million in 2022 and is anticipated to reach US$ 822.7 million by 2029, witnessing a CAGR of 3.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Monofilament Market available at: https://www.themarketreports.com/report/global-monofilament-market-research-report
This report aims to provide a comprehensive presentation of the global market for Monofilament, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Monofilament.
Global Monofilament key players include Ri-Thai, Perlon, NTEC, etc. Global top three manufacturers hold a share about 32%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 42 percent. In terms of product, Polyester Monofilament is the largest segment, with a share over 40%. And in terms of application, the largest application is Consumer Goods, followed by Industrial, etc.
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