Global Nylon Cable Ties Market to Reach US$ 234.9 Million by 2028, Spurred by Significant Growth in Construction Industry

June 08, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Nylon Cable Ties Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global nylon cable ties market size reached US$ 153.9 Million in 2022. Nylon cable ties, also known as zip ties, are fasteners used for bundling and organizing cables, wires, and other items. They are produced of nylon, which is a durable synthetic polymer that exhibits excellent strength and resistance against wear and tear. They consist of a long, thin strip with a ratchet mechanism at one end and a small, pointed tail at the other. They provide high tensile strength, moderate stiffness and flexibility, optimal level of toughness, and temperature compatibility.

Global Nylon Cable Ties Market Trends:

There is an increase in the use of nylon cable ties in the construction industry to manage and secure wiring and maintain organization or prevent loose or dangling components that can interfere with the functionality of different systems. This, coupled with rising construction activities in commercial spaces, such as offices, airports, hotels, restaurants, and educational institutions, represents one of the key factors augmenting the market growth around the world. Moreover, the growing installation of heating, ventilation, and air conditioning (HVAC) systems in residential areas is influencing the market positively. In addition, nylon cable ties are employed in the automotive industry for wire harnessing, securing hoses, fastening components, and managing cables within vehicles. This, along with the increasing sales of luxury and passenger vehicles on account of rapid urbanization and inflating income levels, is favoring the growth of the market. Apart from this, the growing adoption of nylon cables ties in the food and beverage (F&B) sector for packaging various consumer goods and providing the safety of the products during the gathering process by eliminating the risk of contamination is creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 234.9 Million by 2028, expanding at a CAGR of 7% during 2023-2028.

Market Summary:

Based on the type, the market has been segmented into nylon 6, nylon 66, and others. Presently, nylon 6 holds the largest market share.
On the basis of the sales channel, the market has been bifurcated into direct sales and distributor.
Based on the application, the market has been divided into electronics and electrical, building and construction, automotive, agriculture, consumer goods, industrial, and others. At present, electronics and electrical dominate the market.
Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Type, Sales Channel, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
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Global Nylon Cable Ties Market to Reach US$ 234.9 Million by 2028, Spurred by Significant Growth in Construction Industry

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