According to IMARC Group's latest research report, titled "Nylon Cable Ties Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the nylon cable ties market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global nylon cable ties market reached a value of US$ 141.62 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 220.02 Million by 2027, exhibiting a CAGR of 7.30% during 2022-2027.
Nylon Cable Ties Market Outlook:
Nylon cable ties are long, narrow fasteners manufactured from nylon resin for organizing and gripping together products, such as electrical cables and wires. They offer high tensile strength, moderate stiffness and flexibility, an optimal level of toughness, temperature compatibility, and versatility at cost-effective prices. Nylon cable ties possess strong binding, better insulation, flame-retardant, chemical resistance, self-locking properties, etc. As a result, they find extensive utilization across several sectors, including automotive, agriculture, industrial, building and construction, electrical, etc.
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Nylon Cable Ties Market Growth:
The escalating requirement for efficient and cost-effective holding wires for assembling products and cables is primarily driving the nylon cable ties market. Besides this, the growing food and beverage (FB) sector has facilitated the widespread application of these products for packaging various consumer goods, as they assist in ensuring safety by eliminating the risk of contamination. This is further augmenting the market growth. Apart from this, the expanding technological advancements, such as the launching of metal detectable nylon cables that can be combined with a one-piece and self-lock feature for instant installation of commodities, are also catalyzing the global market. Moreover, the elevating industrialization and increasing investments in the research and development (RD) activities across countries are acting as significant growth-inducing factors. Furthermore, the planned collaborations amongst leading players to upgrade and improve the efficiency of these fasteners are expected to bolster the nylon cable ties market in the coming years.
Key Market Segmentation:
Competitive Landscape:
- 3M Company
- ABB Ltd.
- Advanced Cable Ties Inc.
- Ascend Performance Materials
- Changhong Plastics Group Imperial Plastics Co. Ltd.
- HellermannTyton (Aptiv PLC)
- Hont Electrical Co. Ltd.
- Kai Suh Suh Enterprise Co. Ltd.
- Novoflex
- Panduit
- Partex Marking Systems
- Yueqing Huada Plastic Co. Ltd.
Breakup by Type:
- Nylon 6
- Nylon 66
- Others
Breakup by Sales Channel:
- Direct Sales
- Distributor
Breakup by Application:
- Electronics and Electrical
- Building and Construction
- Automotive
- Agriculture
- Consumer Goods
- Industrial
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
