The UK nylon high-tenacity filament yarn market experienced notable fluctuations between 2012 and 2022. The market showed robust growth in 2013 with a 14.11% increase but encountered a significant dip in 2014 with a decrease of 2.06%. Despite some recoveries, such as a 40.45% rise in 2017, the market faced consecutive declines from 2018 to 2020. The year-on-year variation in 2021 indicated a strong recovery at 23.06%, while 2022 showed a moderate increase of 2.05%. From a long-term perspective, the compound annual growth rate (CAGR) over the last five years was a challenging -0.67%, revealing inconsistent market dynamics.
In 2023, the market size is expected to remain stable, given recent recovery patterns. Future trends to watch for include:
- Technological advancements in yarn production driving efficiency and cost reductions.
- Increasing demand from sectors like automotive and aerospace for durable materials.
- Potential impact of environmental regulations pushing for sustainable production practices.