Nylon Cable Ties Market by leading manufacturers with its application and types 2018 - 2023
Nylon cable ties are used to create non-permanent joints to offer ease during the various applications. They are generally referred as wire ties, house ties, steel ties zap strap or zip tie. They are the type of fastener used to hold items/things together, specifically in electrically cable wires or cables. They offer superior properties such as ease of use and are low cost & ubiquitous, resulting in a broad spectrum of application across end-user industries as agriculture, automotive, consumer goods, electrical & electronics, and a building & construction.
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Growth observed in this market was moderate due to the introductory phase of the market. Recognition of nylon cable ties due to the ease offered in the industrial application has led to its greater industrial applications. As per the analysis, the market is heading towards growth expansion and is likely to grow progressively in the coming years. According to the MRFR analysis, global Nylon Cable Ties market projected to witness moderate growth in the coming years and reach USD 135.7 million by 2023, expending at CAGR of 4.25%. Wide application scope of the nylon cable ties has been playing a major role in the growth of this market.
Wherein, the electronic & electrical industry considered as major application area and have acquired major share. This industry is moving towards overall revenue of 5 billion by 2018 with a healthy growth rate of 4.9%. Dynamic economies of Asia Pacific inducing China, India, Japan, and Korea contributed a majorly to this market by being a significant demand generator. The emergence of China as a manufacturing hub coupled with the largest automotive production in the country has to complement regional demand for nylon cable ties. Additionally, a large agriculture base in India and the highest electronics & electrical production in Japan have made these economies to account for major part of the global market. On the other hand, as nylon cable ties are made of nylon for which crude oil used as a raw material.
Therefore, increasing impact of the crude oil on the environment as well as instability in the crude oil prices may hinder the growth of this market. Nylon 6 was the most promising segment by type, which has acquired 58.23% with highest CAGR of 4.38% in 2016. Properties associated with nylon availed additional benefits for nylon cable ties resulted into greater industrial adoption. Electrical & electronics dominated the application scope of nylon cable ties and emerged as a key stakeholder in this market. This industry has acquired the largest shares of 26% globally, followed by automotive at 20%. Electronic and electrical industry is primary application area because nylon cable ties were designed to create non-permanent joints in this industry, initially. The industry further expected to lead the global market at an expected CAGR of 4.02%.
Major Players in Nylon Cable Ties market are: Ascend Performance material (U.S.), 3M (Germany), Hellermann Tyton (UK.), Thomas & Betts Corporation (U.S.), ChangHong Plastic Group (China), Yueqing Huada Plastic (China), HONT Electrical Co. Ltd (China), Partex (Sweden), KSS (Taiwan), and American Elite Molding (U.S.)
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Market split by Type, can be divided into:
PA66 Cable Ties
PA6 Cable Ties
Market split by Application, can be divided into:
Global nylon cable ties market is projected to reach USD 135.7 million by 2023 at a CAGR of 4.24% over the forecast period 2017-2023. Regionally, North America accounted for the largest share (~35%) which is driven by established end-user industries as well as the active presence of major industry participants. The U.S. was the major revenue generating country in the market in 2016 and has generated overall revenue of USD 22.6 million as of 2016. Based on the type, Nylon 6 cable ties (PA 6) was the highly preferred nylon cable ties, whereas, nylon 6, 6 (PA 6,6) is growing at a productive CAGR of 4.16%. Electronic & electrical industry acquired a major share of the global market by being primary application segment for nylon cable ties. The industry has accounted for the highest share (26%), followed by building & construction (21%) in 2016.
There are 10 Chapters to thoroughly display the Nylon Cable Ties market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.
Chapter 1: Nylon Cable Ties Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Nylon Cable Ties Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Nylon Cable Ties.
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Nylon Cable Ties.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Nylon Cable Ties by Regions (2013-2018).
Chapter 6: Nylon Cable Ties Production, Consumption, Export and Import by Regions (2013-2018).
Chapter 7: Nylon Cable Ties Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Nylon Cable Ties.
Chapter 9: Nylon Cable Ties Market Analysis and Forecast by Type and Application (2018-2023).
Chapter 10: Market Analysis and Forecast by Regions (2018-2023).
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In the end, Nylon Cable Ties Industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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