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World Nylon Cable Ties market projected to witness moderate growth within the returning years and reach USD 135.7 million by 2023, spending at CAGR of 4.25%. As per the analysis, the market is heading towards growth enlargement and is probably going to grow more and more within the returning years.
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Global Nylon Cable Ties market projected to witness moderate growth in the coming years and reach USD 135.7 million by 2023, expending at CAGR of 4.25%. Wide application scope of the nylon cable ties has been playing a major role in the growth of this market. Wherein, the electronic & electrical industry considered as major application area and have acquired major share. This industry is moving towards overall revenue of 5 billion by 2018 with a healthy growth rate of 4.9%. On the other hand, as nylon cable ties are made of nylon for which crude oil used as a raw material. Summary
Regional Analysis North America Europe Asia-Pacific Latin America Middle East and Africa
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On the basis of the type, Segmentation • Nylon Six Cable Ties • Nylon 6 • 6 Cable Ties • Others • On the basis of the application, • Electronics & Electrical • Automotive • Building & Construction • Agriculture • Consumer Goods • Industrial • Others
Key Players • Ascend Performance material (U.S.) • 3M (Germany) • Hellermann Tyton (UK.) • Thomas & Betts Corporation (U.S.) • ChangHong Plastic Group (China) • Yueqing Huada Plastic (China) • HONT Electrical Co. Ltd (China) • Partex (Sweden) • KSS (Taiwan) • American Elite Molding (U.S.)
Key Findings • Global nylon cable ties market is projected to reach USD 135.7 million by 2023 at a CAGR of 4.24% over the forecast period 2017-2023. • Regionally, North America accounted for the largest share (~35%) which is driven by established end-user industries as well as the active presence of major industry participants. • The U.S. was the major revenue generating country in the market in 2016 and has generated overall revenue of USD 22.6 million as of 2016. • Based on the type, Nylon 6 cable ties (PA 6) was the highly preferred nylon cable ties, whereas, nylon 6, 6 (PA 6,6) is growing at a productive CAGR of 4.16%. • Electronic & electrical industry acquired a major share of the global market by being primary application segment for nylon cable ties.
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