DUBLIN, Oct. 10, 2023 /PRNewswire/ — The “Nylon Cable Ties Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global nylon cable ties market has witnessed remarkable growth, achieving a market size of US$ 153.9 Million in 2022. The market is poised for continuous expansion and is expected to reach US$ 234.9 Million by 2028, boasting a robust Compound Annual Growth Rate (CAGR) of 7% during the period from 2023 to 2028.
Nylon cable ties, essential fasteners manufactured from nylon resin, serve as versatile solutions for holding and organizing various products, including wires and electrical cables. They offer a combination of moderate stiffness, flexibility, high tensile strength, toughness, temperature compatibility, and cost-effectiveness.
Additionally, nylon cable ties exhibit flame-retardant properties, chemical resistance, strong binding capabilities, superior insulation, and self-locking mechanisms, making them indispensable across diverse industries. Available in various sizes, measurements, colors, and types, including single-use and reusable variants, they cater to a wide range of applications.
Key Market Trends
The global nylon cable ties market is primarily driven by widespread adoption across industrial verticals such as construction, agriculture, consumer goods, automotive, and electronics. These fasteners play a crucial role in cost-effective and efficient wire management, assembly processes, and cable bundling, meeting the increasing demand for efficient product assembly and cable organization.
In the rapidly expanding food and beverage (F&B) sector, nylon cable ties are employed for packaging consumer goods, ensuring product safety during assembly by minimizing the risk of contamination. Technological advancements, including the introduction of metal-detectable nylon cable ties with one-piece and self-locking features for instant product installation, contribute significantly to market growth.
Factors such as rapid industrialization, continuous research and development (R&D) investments, and strategic collaborations among key players to enhance the efficiency of nylon cable ties further bolster market prospects.
Key Market Segmentation
The global nylon cable ties market report offers comprehensive insights into key trends within various sub-segments and provides forecasts for the period from 2023 to 2028. The market is categorized based on type, sales channel, and application, including:
Type:Nylon 6Nylon 66OthersSales Channel:Direct SalesDistributorApplication:Electronics and ElectricalBuilding and ConstructionAutomotiveAgricultureConsumer GoodsIndustrialOthersRegion:North AmericaUnited StatesCanadaAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and AfricaCompetitive Landscape
The report provides an in-depth analysis of the competitive landscape of the nylon cable ties market, featuring key players such as 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, and Yueqing Huada Plastic Co. Ltd.
Key Questions Addressed
This report addresses critical questions pertaining to the global nylon cable ties market:
Performance of the global nylon cable ties market to date and future projectionsKey regional markets in the global nylon cable ties industryImpact of COVID-19 on the global nylon cable ties industryMarket breakdown by type, sales channel, and applicationKey driving factors and challenges in the global nylon cable ties industryMarket structure and key playersDegree of competition in the global nylon cable ties industryFor more information about this report visit https://www.researchandmarkets.com/r/jwgwe5
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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SOURCE Research and Markets
DUBLIN, Oct. 10, 2023 /PRNewswire/ — The “Nylon Cable Ties Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global nylon cable ties market has witnessed remarkable growth, achieving a market size of US$ 153.9 Million in 2022. The market is poised for continuous expansion and is expected to reach US$ 234.9 Million by 2028, boasting a robust Compound Annual Growth Rate (CAGR) of 7% during the period from 2023 to 2028.
Nylon cable ties, essential fasteners manufactured from nylon resin, serve as versatile solutions for holding and organizing various products, including wires and electrical cables. They offer a combination of moderate stiffness, flexibility, high tensile strength, toughness, temperature compatibility, and cost-effectiveness.
Additionally, nylon cable ties exhibit flame-retardant properties, chemical resistance, strong binding capabilities, superior insulation, and self-locking mechanisms, making them indispensable across diverse industries. Available in various sizes, measurements, colors, and types, including single-use and reusable variants, they cater to a wide range of applications.
Key Market Trends
The global nylon cable ties market is primarily driven by widespread adoption across industrial verticals such as construction, agriculture, consumer goods, automotive, and electronics. These fasteners play a crucial role in cost-effective and efficient wire management, assembly processes, and cable bundling, meeting the increasing demand for efficient product assembly and cable organization.
In the rapidly expanding food and beverage (F&B) sector, nylon cable ties are employed for packaging consumer goods, ensuring product safety during assembly by minimizing the risk of contamination. Technological advancements, including the introduction of metal-detectable nylon cable ties with one-piece and self-locking features for instant product installation, contribute significantly to market growth.
Factors such as rapid industrialization, continuous research and development (R&D) investments, and strategic collaborations among key players to enhance the efficiency of nylon cable ties further bolster market prospects.
Key Market Segmentation
The global nylon cable ties market report offers comprehensive insights into key trends within various sub-segments and provides forecasts for the period from 2023 to 2028. The market is categorized based on type, sales channel, and application, including:
Type:Nylon 6Nylon 66OthersSales Channel:Direct SalesDistributorApplication:Electronics and ElectricalBuilding and ConstructionAutomotiveAgricultureConsumer GoodsIndustrialOthersRegion:North AmericaUnited StatesCanadaAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and Africa
Competitive Landscape
The report provides an in-depth analysis of the competitive landscape of the nylon cable ties market, featuring key players such as 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, and Yueqing Huada Plastic Co. Ltd.
Key Questions Addressed
This report addresses critical questions pertaining to the global nylon cable ties market:
Performance of the global nylon cable ties market to date and future projectionsKey regional markets in the global nylon cable ties industryImpact of COVID-19 on the global nylon cable ties industryMarket breakdown by type, sales channel, and applicationKey driving factors and challenges in the global nylon cable ties industryMarket structure and key playersDegree of competition in the global nylon cable ties industry
For more information about this report visit https://www.researchandmarkets.com/r/jwgwe5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/rapid-industrialization-and-innovations-drive-robust-7-cagr-in-the-nylon-cable-ties-market-301952359.html
SOURCE Research and Markets
