Philippines Monofilament Market (2025-2031) Outlook | Forecast, Value, Share, Industry, Growth, Size, Analysis, Revenue, Trends & Companies
Market Forecast By Type (Nylon, Polyester, Polyolefin), By Application (Fishing & Agriculture, Medical, Textile, Automotive, Wastewater Treatment, Consumer Goods, Others) And Competitive Landscape
| Product Code: ETC333989 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Philippines Monofilament Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The Philippines continues to be a key importer of monofilament, with top suppliers including China, Japan, USA, Taiwan, and Germany. Despite a challenging CAGR of -6.51% from 2020 to 2024, the market showed a remarkable growth rate of 54.22% in 2024. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape dominated by these major exporting countries. This data suggests a dynamic and evolving market for monofilament imports in the Philippines, with potential opportunities for market players to capitalize on the recent growth.
Monofilament Market: Philippines vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Monofilament market in Philippines is projected to expand at a stable growth rate of 1.20% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Philippines Monofilament Market Synopsis
The monofilament market in the Philippines, used in various industries including textiles and fishing, has shown steady growth. The CAGR for this market has been around 4.1%.
Drivers of the Market
The Philippines monofilament market is driven by its applications in various industries, including textiles, fishing, and medical. Monofilaments are single-strand fibers used for their strength, durability, and flexibility. The market growth is influenced by the demand for these properties across different sectors.
Challenges of the Market
In the Philippines Monofilament Market, fluctuating raw material prices and the need for consistent quality control pose challenges for manufacturers. Ensuring the durability and performance of monofilament products in various applications is another concern.
COVID-19 Impact on the Market
The disruptions in manufacturing and reduced demand for products have impacted the monofilament market. With decreased industrial activities and economic uncertainty, the market has faced challenges in terms of reduced demand.
Key Players in the Market
Key players in the Philippines monofilament market include Beaulieu International Group NV, Royal DSM NV, and TORAY INDUSTRIES, INC.
Key Highlights of the Report:
- Philippines Monofilament Market Outlook
- Market Size of Philippines Monofilament Market, 2024
- Forecast of Philippines Monofilament Market, 2031
- Historical Data and Forecast of Philippines Monofilament Revenues & Volume for the Period 2021-2031
- Philippines Monofilament Market Trend Evolution
- Philippines Monofilament Market Drivers and Challenges
- Philippines Monofilament Price Trends
- Philippines Monofilament Porter's Five Forces
- Philippines Monofilament Industry Life Cycle
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Nylon for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Polyester for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Polyolefin for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Fishing & Agriculture for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Medical for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Textile for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Wastewater Treatment for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Consumer Goods for the Period 2021-2031
- Historical Data and Forecast of Philippines Monofilament Market Revenues & Volume By Others for the Period 2021-2031
- Philippines Monofilament Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Philippines Monofilament Top Companies Market Share
- Philippines Monofilament Competitive Benchmarking By Technical and Operational Parameters
- Philippines Monofilament Company Profiles
- Philippines Monofilament Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Philippines Monofilament Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Philippines Monofilament Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Monofilament Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Monofilament Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Monofilament Market - Industry Life Cycle |
3.4 Philippines Monofilament Market - Porter's Five Forces |
3.5 Philippines Monofilament Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Monofilament Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Monofilament Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the fishing industry for fishing nets and lines |
4.2.2 Increasing use of monofilaments in agricultural applications such as crop support and trellising |
4.2.3 Rising adoption in the textile industry for producing fabrics and garments |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like polymers and additives |
4.3.2 Environmental concerns related to the disposal and recycling of monofilaments |
4.3.3 Competition from alternative materials such as multifilaments and natural fibers |
5 Philippines Monofilament Market Trends |
6 Philippines Monofilament Market, By Types |
6.1 Philippines Monofilament Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Monofilament Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Monofilament Market Revenues & Volume, By Nylon, 2021-2031F |
6.1.4 Philippines Monofilament Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.5 Philippines Monofilament Market Revenues & Volume, By Polyolefin, 2021-2031F |
6.2 Philippines Monofilament Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Monofilament Market Revenues & Volume, By Fishing & Agriculture, 2021-2031F |
6.2.3 Philippines Monofilament Market Revenues & Volume, By Medical, 2021-2031F |
6.2.4 Philippines Monofilament Market Revenues & Volume, By Textile, 2021-2031F |
6.2.5 Philippines Monofilament Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Philippines Monofilament Market Revenues & Volume, By Wastewater Treatment, 2021-2031F |
6.2.7 Philippines Monofilament Market Revenues & Volume, By Consumer Goods, 2021-2031F |
7 Philippines Monofilament Market Import-Export Trade Statistics |
7.1 Philippines Monofilament Market Export to Major Countries |
7.2 Philippines Monofilament Market Imports from Major Countries |
8 Philippines Monofilament Market Key Performance Indicators |
8.1 Average selling price of monofilaments in the Philippines |
8.2 Percentage of monofilament production used in the fishing industry |
8.3 Adoption rate of monofilaments in new applications such as agriculture and textiles |
9 Philippines Monofilament Market - Opportunity Assessment |
9.1 Philippines Monofilament Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Monofilament Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Monofilament Market - Competitive Landscape |
10.1 Philippines Monofilament Market Revenue Share, By Companies, 2024 |
10.2 Philippines Monofilament Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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