Global Nylon Filament Yarn Market 2018-2022
About Nylon Filament Yarn
Nylon filament yarn is a long continuous fiber that's extensively used to manufacture textile fabrics and for knitting, weaving, embroidery, fishing nets, and other industrial applications. This yarn exhibits properties such as high tensile strength, durability, elasticity, and enhanced abrasion resistance.
Technavio’s analysts forecast the global nylon filament yarn market to grow to more than 7,000 thousand metric tons during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global nylon filament yarn market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nylon Filament Yarn Market 2018-2022
Technavio recognizes the following companies as the key players in the global nylon filament yarn market: DowDuPont, Formosa Chemical and Fibre Corp, NUREL, superfil, TORAY INDUSTRIES, and W. Barnet.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is establishment of new nylon plants and capacity expansions. The rapid capacity expansion plans and establishment of new nylon plants across the globe by leading vendors in the market are expected to drive the growth of the market during the forecast period. On February 20, 2018, DowDuPont officially announced its plan to establish a new production facility in Asia to manufacture nylon filament.”
According to the report, one driver in the market is superior properties of nylon filament yarn. Nylon filament yarns are mainly used to manufacture sports apparel and accessories, travel accessories, fabric, and fishing nets owing to their superior characteristics. As these yarns exhibit high tensile strength, they possess high abrasion resistance.
Further, the report states that one challenge in the market is availability of substitutes. Synthetic fibers such as polyester filament yam, polypropylene filament yarn, and acrylic fiber are major substitutes of nylon filament yarn. Polyester filament yarns are advantageous owing to their cost-effectiveness, moisture resistance, high elasticity, and wrinkle resistance.
Formosa Chemicals & Fibre Corp