The Nylon cable tie is a form of fastener that is created of nylon material. It is well-known for holding things together to establish them for several purposes. Nylon cable ties are accessible in two forms, which involve the single-use cable ties and recyclable cable ties. They offer higher flexibility and are very convenient to use. They exhibit features such as combined strength, adequate stiffness, high service temperature, and a great level of toughness.
According to the report analysis, ‘Nylon Cable Ties Market by Type (Nylon 6, Nylon 6,6, and Others) and Application (Electronics & Electrical, Building & Construction, Automotive, Agriculture, Consumer Goods, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the nylon cable ties market there are several corporate which recently operating more actively for leading the highest market growth and registering the handsome value of market share around the globe throughout the upcoming future while delivering the better consumer satisfaction, spreading the awareness related to the applications of such, decreasing the linked prices, analyzing and studying the strategies of the competitors, implementing the profitable strategies, advancing the specifications of the production technologies, and employing the young work force includes ABB Ltd, KSS, HontELectrical CO., Ltd, YUEQING HUADA PLASTIC CO., LTD., Partex Marking Systems AB, Ascend Performance Material, HellermannTyton, 3M, Inc, Changhong Plastics Group Imperial Plastics Co., Ltd., and Novoflex Marketing (P) Ltd. and several others.
In addition, the worldwide nylon cable ties market is sectored into type, application, and region. Dependent on type, the worldwide market is sectored into nylon 6, nylon 6,6, and others. By application, it is classified into electronics & electrical, building & construction, automotive, agriculture, consumer goods, industrial, and many others. Region wise, the market is studied around North America, Europe, Asia-Pacific, and LAMEA.
However, the global nylon cable ties market was worth at USD 129.0 million in 2018, and is predicted to reach USD 253.6 million by 2026, increasing at a CAGR of 8.86% from 2019 to 2026.The worldwide nylon cable ties market is projected to unveil significant growth throughout the forecast duration in response to their increasing popularity in several end-use industries. Nylon cable ties are cost-effective and convenient to usage, which make their usage very convenient in automotive, electronics and electrical, and compression applications. They suggestively adopted to control the wire bundles throughout assembly in electronics and automotive products. As a result, augment in automotive and electronics production output propels the growth of this market. Furthermore, increase in the penetration of nylon cable ties in the customer goods industry further propels the market growth. Since nylon is the core material utilized in these cable ties, rigorous regulatory policies on the usage of plastic is one of the major factors that is projected to restrict the growth of the worldwide nylon cable ties market. Moreover, the nylon cable ties are very cost-effective in nature and they do not demand a great initial investment to set up a production cost. Therefore, the worldwide market is likely to monitor greater penetration of the small-scale manufacturers throughout the forecast period, which is projected to deliver the lucrative opportunity to this market. Therefore, in the near years, it is anticipated that the market of nylon cable ties will increase more effectively over the upcoming future.
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Ankur Gupta, Head Marketing & Communications