Technavio has published a new market research report on the global nylon filament yarn market for the period 2018-2022. (Graphic: Business Wire)
Technavio has published a new market research report on the global nylon filament yarn market for the period 2018-2022. (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The global nylon filament yarn market is expected to post a CAGR of nearly 4% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor slowing down the growth of this market is the availability of substitutes. Synthetic fibers such as polyester filament yarn, 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-resistant properties. Consumers prefer polyester and polypropylene-based filament yarns in clothing and textile accessories as these alternatives offer comfort and softness and are lightweight in nature. The demand for polyester fiber is anticipated to increase during the forecast period due to its abrasion and chemical resistance. Thus, an increase in consumer preference for yarns that offer cost-effectiveness and comfort can impede the growth of the market.
This market research report on the global nylon filament yarn market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rapid commercialization of sports apparels as one of the key emerging trends in the global nylon filament yarn market:
Global nylon filament yarn market: Rapid commercialization of sports apparels
Nylon filament yarn is massively used to manufacture sports apparels and sports accessories, adventure equipment, and travel accessories. It is extensively used to produce sports accessories such as jerseys, tracksuits, ropes, socks, swimsuits, shorts, and T-shirts, as well as adventure items such as ropes and monofilament nylon products.
“The rapid commercialization of the sports apparels sector can significantly promote the growth of the nylon filament yarn market. The availability of nylon filament yarn in various colors, shades, and patterns is likely to drive rapid commercialization of the sports apparels domain across the globe, thus promoting the growth of the global nylon filament yarn market during the forecast period,” says a senior analyst at Technavio for research on specialty chemicals.
Global nylon filament yarn market: Segmentation analysis
This market research report segments the global nylon filament yarn market by application (sports accessories, sports and adventure equipment, travel accessories, fabric, and fishing nets) and geographical regions (APAC, EMEA, and the Americas).
The sports accessories segment held the largest market share in 2017, accounting for nearly 47% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 54%. This region is expected to dominate the market through 2022.
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Some of the key topics covered in the report include:
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 www.technavio.com
The global nylon filament yarn market is expected to post a CAGR of nearly 4% during the period 2018-2022, according to Technavio.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 www.technavio.com