Dublin, Oct. 10, 2023 (GLOBE NEWSWIRE) -- 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 6
- Nylon 66
- Others
- Sales Channel:
- Direct Sales
- Distributor
- Application:
- Electronics and Electrical
- Building and Construction
- Automotive
- Agriculture
- Consumer Goods
- Industrial
- Others
- Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle 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 projections
- Key regional markets in the global nylon cable ties industry
- Impact of COVID-19 on the global nylon cable ties industry
- Market breakdown by type, sales channel, and application
- Key driving factors and challenges in the global nylon cable ties industry
- Market structure and key players
- Degree of competition in the global nylon cable ties industry
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $153.9 Million |
| Forecasted Market Value (USD) by 2028 | $234.9 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/2xv2uh
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