World Plastic Monofilament and Rod (over 1 mm) Market to Grow 1.3% Annually

Date: 2015-11-23

Global demand for plastic monofilament and rods (over 1 mm) is forecast to expand 1.3% p.a. between 2015 and 2019. China, Germany, Turkey, the United States and Vietnam are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global plastic monofilament and rod (over 1 mm) industry is forecast to reach 1.3% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 2.3%. Currently, monofilament and rods (over 1mm) of vinyl-chloride polymers account for 50.5% of the global demand while the remaining market share is divided between monofilament and rods (over 1mm) of ethylene polymers (7.2%) and monofilament and rods (over 1mm) of other plastics (42.3%).

China, France, Germany, Turkey and the United States represent the largest plastic monofilament and rod (over 1 mm) markets while the strongest annual growth is forecast to occur in Vietnam (13.1%), Ethiopia (11.8%), Philippines (10.6%), Tanzania (10.1%) and Bolivia (7.9%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential plastic monofilament and rod (over 1 mm) markets in the coming years are:

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