Stay updated on Current Industry Trends and Future Market Scenario. Our real-time market analysis, and forecasts are for the users that are always on the move. Get instant updates on Healthcare, Technology, Chemicals, and other diverse industry verticals for well-informed business decisions.
Episodes
Friday Apr 24, 2015
Friday Apr 24, 2015
The global nylon monofilaments market is expected to reach USD 1.89 billion by 2020, according to a new study by Grand View Research, Inc. 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 medical industry is also expected to have a positive impact on the market growth over the forecast period. Threat of substitute 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. Nylon 6 is expected to witness the highest growth of 5.3% from 2014 to 2020. Global demand for nylon 66 based monofilaments is expected to exceed a market worth USD 850 million by 2020.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/nylon-monofilament-market
For More Information visit - http://www.grandviewresearch.com/
No comments yet. Be the first to say something!