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.nylon multifilament yarn
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.
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.
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.