About Nylon Cable Ties
A cable tie is a type of fasteners that bundle cables and wires together to keep them organized and prevent damage. The most common material for cable ties is nylon which is a tough material with good thermal, and abrasion resistance and also resists fuels and chemicals. North America emerged as a global leader in nylon cable ties market followed by Asia Pacific which has acquired around one third of the market and it is expected to overtake the North American growth in the coming years. The emerging economies in this region such as China, India and Japan belong to the respective industrial growth including automotive & construction, agricultural and electronic & electrical.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.5% |
The Vendors having a strong hold in the market are Ascend Performance Material, 3M, Hellermann Tyton, and Thomas & Betts Corporation. Analyst at AMA Research estimates that United States and United Kingdom Vendors will contribute the maximum growth to Global Nylon Cable Ties market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ascend Performance Material (United States), 3M (United States), Hellermann Tyton (United Kingdom), Thomas & Betts Corporation (United States), Changhong Plasctoc Group (China), HONT Electrical Co. Ltd (China), Partex Marking System (Sweden), Acme Seals Group of Companies (United Kingdom), American Elite Molding (United States) and Yueqing Huada Plastic (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ACT Fastening Solutions (United States), YueQing Bontley Electric Co.,Limited (China), Brand IT-IDEX Inc. (United States), Novoflex Marketing Pvt. Ltd. (India), KSS (Taiwan) and Panduit Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Nylon Cable Ties market by Type (Releasable Cable Tie, Non- Releasable Cable Tie, Beaded Cable Tie, Double Headed Cable Ties, Marker Cable Ties, Identification Cable Tie, Heat Stabilized Cable Tie and Other), Application (Indoor Use (Natural) and Outdoor Use (Black UV Stabilized)) and Region.
On the basis of geography, the market of Nylon Cable Ties has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Users, the sub-segment i.e. Electronics & Electrical Industry will boost the Nylon Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. 100 mm will boost the Nylon Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Nylon 6 Cable Ties will boost the Nylon Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Nylon ties provide high ease during the use as well as convenience, making it suitable for the range of applications in the FMCG sector.
Market Growth Drivers:
Low cost of the nylon cable ties has led to its bulk purchases among price-sensitive consumers which is increasing the demand for the product from the emerging economies of Asia Pacific. and Rise in Automotive and Construction Industries
Challenges:
Intense Competition in the Market and Availability of Substitute such as Stainless Steel Cable Tie
Restraints:
Fluctuating Prices of Raw Materials such as Crude Oil and Stringent Governmental Regulations Pertaining to the Use of Plastic Products
Opportunities:
No High Initial Capital Investment to Set Up Production Facility and Rising FDI Strengthens the Economic Development and Industrialization
On September 18, 2019, Ascend Performance Materials has announced to launch several new specialty polyamides at K 2019 to meet the growing needs of its customers. Among the new products are Vydyne XHT, long-chain polyamides and high-temperature polyamides.
Key Target Audience
Nylon Cable Ties Manufacturers, Raw Material Suppliers, Traders and Distributors, Production Process Industries and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.