The global monofilament market is projected to grow at a CAGR of 5.1% between 2024 and 2034. By 2034, the sales are expected to reach USD 4,242.4 million, up from USD 2,587.4 million in 2024.
In terms of product type, nylon would be at the forefront with a share of 49.7% in 2024 due to its excellent strength, flexibility, and abrasion resistance. This makes it ideal for a wide range of applications. Its versatility across textiles, fishing, and construction applications drives high demand.
Moreover, the fishing nets segment represents around 34.1% of the share in the monofilament market in 2024. This is largely due to their exceptional durability and resistance to extreme environmental conditions. The strength and flexibility of monofilament make it particularly suitable for constructing reliable fishing nets that perform effectively in diverse settings.
| Attributes | Key Insights |
|---|---|
| Estimated Global Monofilament Market Size (2024E) | USD 2,587.4 million |
| Projected Global Monofilament Market Size (2034F) | USD 4,242.4 million |
| Value-based CAGR (2024 to 2034) | 5.1% |
Sustainable textiles’ growth in the monofilament market is driven by growing environmental concerns and a demand for eco-friendly products. Biodegradable and recycled materials for monofilaments are being manufactured, as institutions are increasingly inclined toward sustainable solutions.
In addition, the preference for sustainability in response to current global trends is affecting monofilament sales across various industries. In particular, the challenges associated with plastic waste and its disposal, especially in packaging and fishing industries, are encouraging companies to explore greener alternatives.
With the use of biodegradable and recyclable resins, the reliance on traditional nonrenewable polymers has reduced significantly. This trend is becoming increasingly significant as industries strive to minimize their ecological footprint while maintaining product performance.
Furthermore, Bio-based alternatives to traditional plastics, such as PLA (Polylactic Acid) and bio-nylon, are rapidly gaining traction. They are strong and durable similar to conventional materials; however, they are more environmentally friendly, especially in applications like fishing nets and packaging materials.
For instance, Ri-Thai International Inc. launched the MonoGreen, a set of eco-friendly monofilaments. This product line is based on the use of resources that reduces the environmental impact, such as recycled PET, bio-based PET, and biodegradable polymers like PLA.
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As indicated above, the table projects the yearly CAGRs of the monofilament market from 2024 to 2034. The research is analyzed between the base year 2023 and the current year 2024.
This report highlights the industry’s growth trajectory that evolves from the first half of the year, specifically from January to June (H1), to the second half, covering July to December (H2). This helps the stakeholders obtain an overview of the activities that have been going on in the sector over time and possible developments in that sector in the future.
The figures provide insights into the expansion for each half-yearly period covering 2023 to 2024. For the first half of 2023, the industry growth was projected to be at a CAGR of 4.7%. Notably, there is a significant uptick expected in the second half (H2) of the year.
| Particular | Value CAGR |
|---|---|
| H1 2023 | 4.7% (2023 to 2033) |
| H2 2023 | 5.2% (2023 to 2033) |
| H1 2024 | 4.8% (2024 to 2034) |
| H2 2024 | 5.4% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2024, the CAGR is projected to slightly increase to 4.8% in the first half and relatively increase to 5.4% in the second half. In the first half (H1), the sector saw an increase of 10 BPS while in the second half (H2), there was a slight increase of 20 BPS.
Surging Applications in the Construction Industry; Industry Participants to Capitalize on Green Infrastructure Projects and Sustainable Practices
Rising applications in the construction industry are key drivers for monofilament products demand, especially for concrete reinforcement, safety nets, and geotextiles. Infrastructural development programs worldwide are gaining popularity and require high-strength, durable materials that can resist environmental conditions.
The global construction industry was assessed at USD 10.7 trillion in 2020 and is estimated to increase by USD 4.5 trillion by 2030, achieving USD 15.2 trillion, with Asia Pacific and Africa at the forefront. This increase in infrastructural investments directly drives the demand for monofilaments in the construction industry.
Moreover, Asia and Africa are witnessing high demand for construction materials. These regions are anticipated to account for nearly 60% of the investments by 2030 in the construction industry.
As monofilaments are crucial in construction applications, including erosion control, ground stabilization, and concrete reinforcement, the sales in construction are likely to surge. Monofilaments are resistant to environmental degradation, making them valuable in supporting sustainable construction practices and they can be integrated into eco-friendly building projects.
Growing Seafood Consumption to Push Monofilaments Sales in the Fishing Industry
The fishing industry primarily depend on monofilament products, such as fishing lines, nets, and ropes, for commercial and recreational fishing businesses. As seafood demand continues to surge and commercialized fishing regions expand, the need for stronger, lighter, and more durable monofilament materials rises.
The fisheries sector experienced significant growth with output doubling since 1990, rising from 179 million tons in 2018. Subsequently, the fisheries sector has expanded by 20%, while aquaculture witnessed a surge of 527%.
In 2018, fish exports generated around USD 164 billion, with half of this amount generated from developing countries. As the world’s population is projected to reach 9 billion by 2050, the need for sustainably harvested fish and the consumption of seafood will continue to increase. These factors are expected to create lucrative opportunities for monofilament products’ manufacturers, improving the need for efficient and sustainable fishing operations.
Furthermore, monofilaments are stronger, more flexible, and resistant to some environmental factors, such as UV radiation and saltwater corrosion. This allows monofilament fishing lines and nets to endure longer, reducing the number of frequent replacements in the marine environment.
Raw Material Price Volatility: How Fluctuating Oil Prices and Supply Chain Disruptions Affects Monofilament Sales
The monofilament industry depends extensively on raw materials produced from petrochemicals, including nylon, polyester, and polyolefins. As these items are directly linked to the oil industry, fluctuations in international oil prices impact the monofilament production costs.
In addition, volatility in oil prices, driven by geopolitical tensions, natural disasters, or market instability, is one of the major factors affecting the raw material prices steeply. Moreover, the business is vulnerable to supply chain disruption, an event that further exacerbates the volatility of material availability and pricing.
Sectors largely relying on monofilament products, such as textiles and fishing industries, are particularly sensitive to these fluctuations. Both industries have thin margins, and any slight increase in raw material cost poses substantial margin strain. Consequently, manufacturers are compelled pass these increased costs onto their customers, which can restrict the demand.
Alternatively, companies might attempt to absorb the internal costs, thereby risking their profitability. These factors render price volatility a significant restraint in the monofilament market, particularly as the industry seeks stability amid fluctuating global oil prices and uncertainties in supply chains.
Opportunities in High-Performance Monofilament: Advancements in Materials and Growing Applications
High-performance monofilaments offer several opportunities for monofilament products’ manufacturers. For high-performance materials, monofilaments must be able to undergo extreme conditions like high temperatures and heavy loads, particularly in aerospace, automotive, and construction industries.
Moreover, technological advancements in polymer materials, especially reinforced polymers and specialized coatings, significantly drive the development of monofilaments. These engineered monofilaments are designed to exhibit superior mechanical properties, often surpassing those of traditional materials in numerous applications.
Growth in sectors like sports equipment, industrial textiles, and agricultural products provides high-performance monofilaments’ manufacturers with opportunities. Monofilaments endure rigorous environments and provide efficient performance for fishing and agriculture applications, especially for heavy-duty nets, ropes, and lines. These trends are expected to create a conducive environment for key companies, providing a competitive edge through their offer of premium, high-performance solutions.
Principal Consultant
The global monofilament industry experienced sluggish growth at a CAGR of 2.1% from 2019 to 2023. Sales of monofilament products increased from USD 2,280.5 million in 2019 to USD 2,479.2 million in 2023.
The COVID-19 pandemic caused some devastating disruptions between 2019 and 2023 in the monofilament market, primarily during interruptions of supply chains that led to material shortages and delayed production in industries like automotive, construction, and textiles.
Conversely, it was a period of rapid acceleration toward sustainability, with businesses increasingly committed to developing biodegradable and recyclable monofilaments due to rising environmental concerns and regulatory pressures.
The monofilament sales are expected to witness steady growth from 2024 to 2034 due to rising need for sustainable materials and improved production technologies. Moreover, focus on biodegradable and recyclable monofilaments would increase as regulatory pressure and demand for eco-friendly products grow.
Tier 1 companies are industry leaders with annual revenues exceeding USD 20 million, capturing a significant global value share of 35%-40%. These frontrunners are characterized by high production capacity, a diverse product portfolio, extensive manufacturing expertise, and a strong geographical presence, supported by a robust consumer base.
Notable Tier 1 companies include BASF SE, Asahi Kasei Corporation, DuPont, The 3M Company, Solvay, Toray Industries Inc., Evonik Industries AG, Lanxess AG, and SIKA AG.
Tier 2 companies consist of mid- and small-sized firms with revenues below USD 20 million, influencing local economies, and holding a regional presence. These companies have strong international operations and industry expertise, adhering to regulatory standards while lacking the cutting-edge technology and extensive global reach of Tier 1 firms.
Key players in Tier 2 include Perlon, Century Enka Limited., Anand Rayons Ltd., United Raw Material Pte. Ltd., Dongsun Synthetic Fiber, HAGIHARA Industries Inc., EMS-CHEMIE HOLDING AG, Syntech, and Magbros Filaments Pvt. Ltd.
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The section below covers assessments of monofilament sales across key countries. Countries from East Asia, ASEAN, and North America are anticipated to exhibit promising double-digit growth over the forecast period. All the below-listed countries are collectively set to reflect a CAGR of around 6.8% over the forecast period.
| Countries | CAGR 2024 to 2034 |
|---|---|
| Laos | 7.4% |
| Cambodia | 7.1% |
| Singapore | 6.7% |
| China | 6.6% |
| Mexico | 6.3% |
The monofilament market in China is expected to witness significant growth at a CAGR of 6.6% from 2024 to 2034, reaching USD 448 million by 2034.
China's textile industry is one of the key drivers for the monofilament market. This can be attributed to the growing demand for advanced fabrics. Monofilaments, which are single, durable fibers, are widely used in the production of textiles due to their strength, flexibility, and resistance to wear.
In particular, they are used in performance fabrics that require special qualities like water resistance, breathability, and durability, making them essential for sectors such as sportswear, outdoor clothing, and industrial textiles.
According to the China's National Bureau of Statistics, China is considered the world's largest producer of textiles and accounts for about 30% of textile production globally. As this textile industry grows, the demand for high-performance materials that rely on monofilaments is predicted to improve. Moreover, the growing production of monofilament fibers in domestic and foreign industries is driven by the increasing demand for technical and functional textiles.
Due to the rising demand for strong and versatile textile products, manufacturers are using monofilaments made from nylon and polyester to create durable fabrics. These fabrics are suitable for a wide range of applications, from sportswear to industrial textiles. This demand for superior textiles is expected to enhance the monofilament demand in China.
The monofilament market in Mexico is projected to grow at a CAGR of 6.3% from 2024 to 2034. By 2034, the sales are expected to reach USD 89.9 million.
Mexico is witnessing increasing demand for durable and high-quality products in several applications, such as furniture, electronics, and home appliances. Companies in consumer goods sector are utilizing monofilaments to enhance the performance and appearance of their products. In addition, monofilaments play a vital role in product durability while enhancing performance in applications ranging from upholstery to electronic wiring and packaging.
Consumer goods production in the country has increased gradually, according to the Mexico's National Institute of Statistics and Geography study. As this industry has remain committed to producing superior-quality products for domestic sales and for export purposes, the monofilament sales are likely to remain steady over the coming decade. In Mexico, the rising e-commerce industry has spurred the applications of monofilaments in the packaging as they provide strong and flexible packaging solutions.
The monofilament market in Singapore is anticipated to grow at a CAGR of 6.7% during the coming decade, with the value expected to reach USD 38.8 million by 2034.
The automobile industry of Singapore contributes to the growing demand for monofilament as high-performing materials are used for luxurious electric vehicles. Monofilaments are strong fibers, flexible, and are increasingly used in car components for seat belts, airbags, upholstery, and filtration. Hence, being durable and resistant characterizes them as necessary parts while manufacturing safer and more reliable automotive parts.
With Singapore's Land Transport Authority (LTA) promoting increased electric vehicle use and luxury car sales, manufacturers are leveraging advanced materials like monofilaments to enhance their automobiles for safety and aesthetics.
Moreover, the demand for eco-friendly vehicles continues to surge, leading to a need for lightweight, durable materials that provide optimal efficiency. This is expected to create new opportunities for manufacturers in Singapore’s automotive industry.
The below section offers the growth trajectories of the leading segments in the industry. In terms of resin type, the nylon segment will likely dominate and generate a share of around 49.7% in 2024. Based on tenacity, the chemicals segment is projected to hold a share of 37.9% in 2024. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Nylon (Resin Type) |
|---|---|
| Value Share (2024) | 49.7% |
Nylon monofilaments are widely utilized in several applications due to their strength, flexibility, and durability. The wear and tear resistance property of nylon makes it perfect for such applications where material longevity is necessary. This is particularly significant in the textile, automotive, and consumer goods industries, where nylon monofilaments are utilized to produce strong fabrics, durable automotive parts, and resilient products.
Moreover, nylon monofilaments are known to have excellent flexibility, which is vital for many applications where substances should bend or stretch without breaking. For instance, the automobile manufacturers use nylon monofilaments in seat belts and airbags to ensure safety. According to data from the Department of Transportation's National Highway Traffic Safety Administration (NHTSA), some of the materials used in the car safety apparatus are nylon monofilaments.
| Segment | Medium Tenacity (By Tenacity) |
|---|---|
| Value Share (2024) | 45.4% |
Medium tenacity monofilaments have multipurpose in industry and consumer usage due to their combined properties of strength and flexibility. These monofilaments are durable, providing sufficient stretch to prevent breakage under tensile stress.
They are crucial in textile, packaging, and agricultural applications where materials require them to be tough. Their medium elasticity enables them to dissipate impacts and stabilize fluctuating loads without compromising performance.
In the textile sector, medium-tenacity monofilaments are widely used in a variety of products, such as industrial fabrics, ropes, and nets. These applications demand fibers that can withstand stress while providing some flexibility, ensuring the material remains durable and does not become overly brittle with continuous use.
The section provides comprehensive assessments and insights that highlight current opportunities and emerging trends for companies in developed and developing countries. It analyzes advancements in manufacturing and identifies the latest trends poised to drive new applications in the market.
A few key players in the monofilament industry are actively enhancing capabilities and resources to cater to the growing demand for the compound across diverse applications. Leading companies also leverage partnership and joint venture strategies to co-develop innovative products and bolster their resource bases.
Significant players are further introducing new products to address the increasing need for cutting-edge solutions in various end-use sectors. Geographic expansion is another important strategy that is being embraced by reputed companies. Start-ups are likely to emerge in the sector through 2034, thereby making it more competitive.
Industry Updates
The industry is segmented into nylon, polyester, polyolefins, and others. The polyester segment is further divided into Polyethylene Terephthalate (PET), and others (PBT, PES, PLA, etc.). The polyolefins segment is further sub-segmented into High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), Polypropylene (PP), and other polyolefins.
The industry is divided into high tenacity, medium tenacity, and low tenacity.
The industry is divided into fishing net, rope, slab/slan/sun shade net, mosquito net, tarpaulin/jumbo bags, woven sack, filtration mesh, automotive components, and others.
North America, Latin America, Europe, Asia Pacific, ASEAN, Middle East and Africa (MEA) are the key regions covered in the report.
The global market was valued at USD 2,479.2 million in 2023.
The global market is set to reach USD 2,587.4 million in 2024.
Global demand is anticipated to rise at 5.1% CAGR.
The industry is projected to reach USD 4,242.4 million by 2034.
Monofilaments are exceptionally popular for its use in making fishing lines and strings for tennis, squash, and badminton rackets.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Resin Type 6.2. Tenacity 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Resin Type 7.1. Nylon 7.2. Polyester 7.2.1. Polyethylene Terephthalate (PET) 7.2.2. Others (PBT, PES, PLA, etc.) 7.3. Polyolefins 7.3.1. High Density Polyethylene (HDPE) 7.3.2. Low-Density Polyethylene (LDPE) 7.3.3. Linear Low-Density Polyethylene (LLDPE) 7.3.4. Polypropylene (PP) 7.3.5. Other Polyolefins 7.4. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tenacity 8.1. High Tenacity 8.2. Medium Tenacity 8.3. Low Tenacity 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 9.1. Fishing Net 9.2. Rope 9.3. Slab/ Slan/ Sun Shade Net 9.4. Mosquito Net 9.5. Tarpaulin/ Jumbo Bags 9.6. Woven Sack 9.7. Filter/ Water Treatment 9.8. Automotive 9.9. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. ASEAN 10.6. Middle East and Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Asia Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. ASEAN Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Resin Type, Tenacity, and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. BASF SE 19.2. Asahi Kasei Corporation 19.3. DuPont 19.4. The 3M Company 19.5. Solvay 19.6. Toray Industries Inc 19.7. Evonik Industries AG 19.8. Lanxess AG 19.9. SIKA AG 19.10. Perlon 19.11. Century Enka Limited 19.12. Anand Rayons Ltd 19.13. United Raw Material Pte. Ltd. 19.14. DONGSUN SYNTHETIC FIBER 19.15. HAGIHARA INDUSTRIES INC 19.16. EMS-CHEMIE HOLDING AG 19.17. Syntech 19.18. Magbros Filaments Pvt. Ltd
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Monofilament Market
