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Nylon Cable Ties Market, by Type

RA00069

Nylon Cable Ties Market, by Type (Nylon 6,6, Nylon 6, others), by Application (Building & Construction, Manufacturing, Electronics & Electricals, Agricultural, Consumer Good, Industrial, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA) Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00069

Pages: 220

Feb 2020

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Global Nylon Cable Ties Market Overview 2026:

The global Market of Nylon Cable Ties forecast will be $248.5 million by 2026, increasing from $126.4 million in 2018 at a healthy CAGR of 8.4%. North American market share is anticipated to hit at a CAGR of 8.8% by generating a revenue of $74.9 by 2026. Asia-Pacific Market expected to generate a revenue of $89.9 million by 2026. 

Nylon cable ties has a flexible tape section with an integrated gear rack to meet a broad range of requirements as they are used to harness and bundle items. These ties are ubiquitous, user-friendly and lower cost. Moreover, nylon cable ties offer industrial demands such as colored cable ties for color coding, nylon cable ties with fixing elements for attachment to plates also reusable nylon cable ties for temporary fastening. Some ties consist of a tab that can be pressed to release the ratchet so that the tie can be loosened and possibly reused.

Market Drivers:

Versatile properties such as high strength and low price are expected to boost the global Nylon Cable Ties market

Significant use of nylon cable ties in automobile and construction sector is one of the major driving factors for the growth of nylon cable ties market. Nylon cable ties frequently used in construction activities & process; Nylon tie cables can be used to improve the efficiency of industrial arrangements of equipment and machines. Moreover, high strength & anti-corrosive property, ease of use, cost effective along with growing end-use demand is anticipated to boost the growth of nylon cables ties market.

Market Restraints:

Regulations on plastic and usage price volatility in oil prices is predicted to pose a severe threat to the global Nylon Cable Ties market

However, higher oil prices along with regulations and legislations focusing on plastic are some of the factors that are projected to obstruct the global nylon cable ties market growth. For instance, as per study of, WRI and UN Environment around 127 countries have adopted legislation for the regulation of plastic bags. 

Market Opportunities:

Recent inventions such as metal detectable nylon cables are projected to create enormous opportunities for the Nylon Cable Ties industry

Nylon cable ties are widely used in end-utilize enterprises such as building & development, farming, customer merchandise, electrical & gadgets. Recently invented metal detectable nylon cable tie with flammability 94-HB is anticipated to fuel the growth of global market. These cables are manufactured with integrated features such as one-piece self-lock cable tie for quick installation. Also, it has multiple applications in FDA standard as well as in medical & food sector.

Nylon Cable Ties Market, by Type:

Nylon 6,6 segment will be most lucrative till 2026

Nylon Cable Ties Market, by Type

Source: Research Dive Analysis

Nylon 6 segment has the most significant share in the market and it has generated a revenue of $79.5 million in 2018 and is anticipated to generate revenue of $153.8 million by 2026. This is significantly due to extensively growing adoption rate of nylon 6 cable ties in automobile, agriculture, electronics and electrical, and construction industries. However, the Nylon 6,6 segment is anticipated to register the fastest CAGR of 8.1% throughout the projected period, owing to superior features of nylon cable ties such as temperature resistance, width, length, and head area employ ratcheting mechanisms, high strength, and high level of toughness.

Nylon 6,6 segment of global market and it will register a revenue of $72.1 Million in 2026, this is significantly owing to its key features such good electrical insulating properties, zero resistance to UV rays along with superior oil resistance. In addition, tensile strength (approx. 8.2 x 104 kPa) of nylon 6,6 is more than that of nylon 6, which is projected to fuel the growth of global market in future.

Nylon Cable Ties Market Segmentation, by Application:

Electrical & Electronics segment will register revenue of $73.3million by 2026

Nylon Cable Ties Market Segmentation, by Application

Source: Research Dive Analysis

Nylon Cable Ties Market size of electronics & electricals will generate a revenue of $73.3 throughout the forecasted period, owing to nylon cable ties being the most preferable for electronics and electrical sector since they provide help in complication related to bundles of cables or wires during electric installation. Also, these ties help in wiring harness and safe cable routing system. Moreover, high demand for IT products, auto electronics coupled with consumer electronics is expected to impel the growth of nylon cable ties market. In addition, the upsurge in generation, distribution and utilization of electricity has resulted in the increased demand for nylon cable ties in the recent past.

Nylon Cable Ties Market system, by Region:

North America Nylon Cable Ties Market Overview 2026:

North America region will dominate the Market during the forecasted period 

North America market share is anticipated to rise at a CAGR of 8.8% by generating a revenue of $74.9 by 2026. This is majorly because of big market players such as 3M and Thomas & Betts Corporation of nylon cable ties in the U.S. Also, enormous growth in robotics and motion, electrification products, serving customers in utilities, industry and transport & infrastructure is anticipated to drive the demand for nylon cable ties in North America region.

Asia-Pacific Nylon Cable Ties Market Overview 2026:

Asia-Pacific region will have lucrative opportunities for the market investors 

Asia-Pacific Market size will generate a revenue of $89.9 million by 2026. The major manufacturers are concentrated in the countries such as China and Taiwan. China is one of the countries which has the highest sales shares of nylon cable ties sales amongst the other countries. Moreover, the inevitable growth in adoption of 5G and widespread adoption of the Internet of Things (IoT) in Asian counties is attributed to demand for the market which is further projected to blooming the global market.

Key Participants in Global Nylon Cable Ties Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key participants in global Nylon Cable Ties Market

Source: Research Dive Analysis

Some of the significant nylon cable ties market players include: Ascend Performance Materials, Changhong Plastics Group Imperial Plastics Co.,Ltd., ABB Installation Products Inc., Hont Electrical Co., Ltd., KSS, American Elite Molding, Partex Marking Systems, Hellermann Tyton, 3M, and YUEQING HUADA PLASTIC CO., LTD. Market Players prefer inorganic growth strategies to expand into local markets. 

Nylon cable ties market players are emphasizing more on Merger & acquisition and advanced product development. These are the frequent strategies followed by the established organizations, for instance, 3M has done advanced upgradation in nylon cable Ties. This new cable ties from 3M are available at the same price. 

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Nylon 6,6
  •  Nylon 6,
  • Others

  Segmentation by Application

  • Building & Construction
  • Automotive
  • Agricultural
  • Electronics & Electricals
  • Consumer Good
  • Industrial
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • 3M
  • Ascend Performance Materials
  • Changhong Plastics Group Imperial Plastics Co.,Ltd.
  • ABB Installation Products Inc.
  • Hont Electrical Co.,Ltd.
  • KSS
  • American Elite Molding
  • Partex Marking Systems
  • Hellermann Tyton
  • YUEQING HUADA PLASTIC CO., LTD.

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global Nylon Cable Ties Market system size was over $126.4 million in 2018, and is projected to reach $248.5 million by 2026.

A. 3M, and KSS are some of the key players in the global Nylon Cable Ties Market system.

A. North America region possess great investment opportunities for the investors to witness the most promising growth in the future.

A. North America Nylon Cable Ties Market system is anticipated to grow at 8.8% CAGR during the forecast period.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. ABB Installation Product Inc. and HONT electrical Co. Ltd. companies are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Type trends
2.3. Application trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By type
3.8.2. By application
3.8.3. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Nylon Cable Ties Market, by Type

4.1. Nylon 6

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Nylon 6,6

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Others 

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

5. Nylon Cable Ties Market, by Application

5.1. Building & Construction

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Manufacturing

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Electronics & Electricals

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Agricultural

5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026

5.5. Consumer Good

5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026

5.6. Industrial

5.6.1. Market size and forecast, by region, 2018-2026
5.6.2. Comparative market share analysis, 2018 & 2026

5.7. Others

5.7.1. Market size and forecast, by region, 2018-2026
5.7.2. Comparative market share analysis, 2018 & 2026

6. Nylon Cable Ties Market, by Region

6.1. North America

6.1.1. Market size and forecast, by type, 2018-2026
6.1.2. Market size and forecast, by application, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.

6.1.5.1. Market size and forecast, by type, 2018-2026
6.1.5.2. Market size and forecast, by application, 2018-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026

6.1.6. Canada

6.1.6.1. Market size and forecast, by type, 2018-2026
6.1.6.2. Comparative market share analysis, 2018 & 2026

6.2. Europe

6.2.1. Market size and forecast, by type, 2018-2026
6.2.2. Market size and forecast, by application, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany 

6.2.5.1. Market size and forecast, by type, 2018-2026
6.2.5.2. Market size and forecast, by application, 2018-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026

6.2.6. UK

6.2.6.1. Market size and forecast, by type, 2018-2026
6.2.6.2. Market size and forecast, by application, 2018-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026

6.2.7. France

6.2.7.1. Market size and forecast, by type, 2018-2026
6.2.7.2. Market size and forecast, by application, 2018-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026

6.2.8. Spain

6.2.8.1. Market size and forecast, by type, 2018-2026
6.2.8.2. Market size and forecast, by application, 2018-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026

6.2.9. Italy 

6.2.9.1. Market size and forecast, by type, 2018-2026
6.2.9.2. Market size and forecast, by application, 2018-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026

6.2.10. Rest of Europe

6.2.10.1. Market size and forecast, by type, 2018-2026
6.2.10.2. Market size and forecast, by application, 2018-2026
6.2.10.3. Comparative market share analysis, 2018 & 2026

6.3. Asia Pacific

6.3.1. Market size and forecast, by type, 2018-2026
6.3.2. Market size and forecast, by application, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China

6.3.5.1. Market size and forecast, by type, 2018-2026
6.3.5.2. Market size and forecast, by application, 2018-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026

6.3.6. India 

6.3.6.1. Market size and forecast, by type, 2018-2026
6.3.6.2. Market size and forecast, by application, 2018-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026

6.3.7. Australia 

6.3.7.1. Market size and forecast, by type, 2018-2026
6.3.7.2. Market size and forecast, by application, 2018-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026

6.3.8. Rest of Asia Pacific

6.3.8.1. Market size and forecast, by type, 2018-2026
6.3.8.2. Market size and forecast, by application, 2018-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026

6.4. LAMEA

6.4.1. Market size and forecast, by type, 2018-2026
6.4.2. Market size and forecast, by application, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America  

6.4.5.1. Market size and forecast, by type, 2018-2026
6.4.5.2. Market size and forecast, by application, 2018-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026

6.4.6. Middle East 

6.4.6.1. Market size and forecast, by type, 2018-2026
6.4.6.2. Market size and forecast, by application, 2018-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026

6.4.7. Africa

6.4.7.1. Market size and forecast, by type, 2018-2026
6.4.7.2. Market size and forecast, by application, 2018-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026

7. Company Profiles

7.1. 3M

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments

7.1.5. SWOT analysis 

7.2. Ascend Performance Materials

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Changhong Plastics Group Imperial Plastics Co.,Ltd.

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. ABB Installation Products Inc. 

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. Hont Electrical Co.,Ltd.

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. KSS

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. American Elite Molding 

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Partex Marking Systems 

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. Hellermann Tyton

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

7.10. YUEQING HUADA PLASTIC CO., LTD.

7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis

A nylon cable tie is a type of fastener that is used for holding items together. Generally made of nylon resins, nylon cable ties are widely used in several industries as well as in houses due to their reasonable price and ease of use. These ties have one-piece injection molded construction, and also provides adjustability, maximum strength, bent tip design, and rounded edges that makes the installation easy, especially for binding several wires or electronic cables. An excellent feature of permanent locking in the nylon cable ties assures a secure and tight hold.

Benefits of Nylon Cable Ties

Nylon cable ties are used largely in several industries as they are strong and do not break easily. The cable ties are also called as sip strips or wire ties. The nylon cable ties can be found in many sizes so that they can be tied around a variety of objects with different size. Their primary use is in the fields of construction and electricals & electronics industry as these fields involve heavy objects, cables, and wires to be tied by strings. hat will not break easily.

Nylon cable ties give a clean look to the atmosphere when they are tied tightly without any dropping ends or loose hanging. The nylon cable ties also come in huge diameter for transporting the huge and bi objects in shipping industry. Some of the nylon cable ties have lock and steps system as well.

Application Areas of Nylon Cable Ties

Nylon possesses an excellent balance of properties such as moderate stiffness, combined strength, high level of toughness, and high service temperature. Particularly, nylon cable ties have a low coefficient of friction, outstanding abrasion resistance, and they are resistant to repeated impact. Nylon cable ties are resistant to most chemicals, lubricants, and fuels, but are attacked by oxidizing agents, strong acids, and phenols.

General-purpose nylon cable tie is suitable for usage in most of the practical applications at continuing temperatures up to 85o C. The nylon 6,6 material type is the most often used cable tie for production that meets the UL 94V-2 flammability ratings. The working temperature of nylon 6,6 cable tie ranges from -40° F to 185° F.

Heat stabilized nylon 6,6 material type is used in extended or continuous exposure to high temperatures, which a common nylon cannot resist. Nylon cable ties contain specially formulated heat stabilizers that deliver extra thermal endurance. These nylon cable ties are engineered for continuous exposure to temperatures above 85o C, which also meets the UL standard for electrical applications. On the other hand, the UV stabilized nylon 6,6 cable ties are weather resistant, and endures additional UV light.

As per the Research Dive blog, the importance of nylon cable tie comes when the traditional tie fails to deliver what they ought to. The durability and flexibility are the two main features that make these ties extremely popular in the market. Many people are also motivated to go for nylon cable ties because of it is affordable. The nylon cable ties are also available in different colors, sizes, and quality. Also, there are also some manufacturers in the market that make nylon cable ties according to the specific requirements of the applications. Thus, the high demand of nylon cable ties from the consumers in several industries will create growth opportunities for market players in the near future.

Forecast Analysis of Nylon Cable Ties Market

Global market for nylon cable ties is anticipated to witness a significant growth during the period of forecast period from 2019 to 2026. Several applications of nylon cable ties such as easy installation, polyethylene, synthetic lubricants, and detergent alcohols are boosting the market growth.

Volatility in the prices of oils and strict government regulations to ban plastic are some of the market restrains, which will be a major challenge for the business growth of market players. As per a WRI and UN Environment study, around 127 countries all over the globe have adopted legislation for the regulation of plastic bags.

Rising demand of nylon cable ties from the automobile sector and construction industry is giving significant uplift to the growth of the global market in the near future. As per the Research Dive report statistics, the global nylon cable market is predicted to grow at 8.4% CAGR, and will surpass $248.5 million during the period of forecast. The report highlights the key players operating in the global market. Some of them are 3M, Thomas & Betts Corporation, Ascend Performance Material, Changhong Plastic Group, HONT electrical Co. Ltd., American Elite Molding, KSS, Yueqing Huada Plastic, Hellermann Tyton, and Partex. These players are adopting several strategies such as mergers & acquisitions to present a new developed product in the global market.

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