Description
Nylon cable ties are used to create non-permanent joints to offer ease during the various applications. They are generally referred as wire ties, house ties, steel ties zap strap or zip tie. They are the type of fastener used to hold items/things together, specifically in electrically cable wires or cables. They offer superior properties such as ease of use and are low cost & ubiquitous, resulting in a broad spectrum of application across end-user industries as agriculture, automotive, consumer goods, electrical & electronics, and a building & construction.
Growth observed in this market was moderate due to the introductory phase of the market. Recognition of nylon cable ties due to the ease offered in the industrial application has led to its greater industrial applications. As per the analysis, the market is heading towards growth expansion and is likely to grow progressively in the coming years. According to the MRFR analysis, 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%. Dynamic economies of Asia Pacific inducing China, India, Japan, and Korea contributed a majorly to this market by being a significant demand generator. The emergence of China as a manufacturing hub coupled with the largest automotive production in the country has to complement regional demand for nylon cable ties. Additionally, a large agriculture base in India and the highest electronics & electrical production in Japan have made these economies to account for major part of the global market. On the other hand, as nylon cable ties are made of nylon for which crude oil used as a raw material. Therefore, increasing impact of the crude oil on the environment as well as instability in the crude oil prices may hinder the growth of this market. Nylon 6 was the most promising segment by type, which has acquired 58.23% with highest CAGR of 4.38% in 2016. Properties associated with nylon availed additional benefits for nylon cable ties resulted into greater industrial adoption. Electrical & electronics dominated the application scope of nylon cable ties and emerged as a key stakeholder in this market. This industry has acquired the largest shares of 26% globally, followed by automotive at 20%. Electronic and electrical industry is primary application area because nylon cable ties were designed to create non-permanent joints in this industry, initially. The industry further expected to lead the global market at an expected CAGR of 4.02%.
Nylon Cable Ties Market Share, by application 2016 (%)
Sources: MRFR Analysis
Regional Analysis
The global nylon cable ties market spanned across Asia Pacific, Europe, North America, Middle East, and Latin America. With largest global shares, North America dominated the global market in 2016. The region has acquired 35% global market share, with a healthy growth rate of 3.35%. As per the industry experts, North America to further continue its dominance due to the presence of most promising country-level market, such as the U.S. The country has generated highest revenue, USD 22.6 million at a healthy CAGR of at 4.38%.
Asia Pacific region is the second largest regional market after North America. The region consists of dynamic economies such as Indi, China, Japan, and Korea. Industrial expansion in key end-use industries such as automotive industry (China), agriculture (India), electrical & electronics (Korea & Japan) driving the growth of this region. China emerged as the most dynamic country-level market after the U.S. and has generated overall revenue of USD 13.1 million in 2016 and it currently growing at a dynamic CAGR of 5.87%. As stated by the industry experts, European government regulations and stringent emission norms such as Euro 6 along with green initiatives have held back the growth of this region. Presence of one of the BRICS economy such as Russia and strengthening industrial infrastructure is expected to provide higher growth gains in the coming years in this region.
Segmentation
The nylon cable ties market is fragmented on the basis of type, application, and region. On the basis of the type, the market is classified into nylon six cable ties, nylon 6, 6 cable ties, and others. On the basis of the application, the market is divided into electronics & electrical, automotive, building & construction, agriculture, consumer goods, industrial, and others. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global Nylon Cable Ties market: 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), and 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. The industry has accounted for the highest share (26%), followed by building & construction (21%) in 2016.
Geographic Analysis
The report covers brief analysis of geographical region includes
World
• North America
o U.S.
o Canada
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest Of the Asia Pacific
• Europe
o Germany
o UK
o Russia
o France
o Italy
o Spain
o Belgium
o Rest Of the Europe
• Middle East & Africa
o Turkey
o Saudi Arabia
o UAE
o Rest of the Middle East & Africa
• Latin America
o Brazil
o Argentina
o Mexico
o Rest Of the Latin America
Intended Audience
• Manufacturers and distributors of Nylon Cable Ties.
• Suppliers and traders of Nylon Cable Ties.
• Government, associations and industrial bodies.
• Investors and Trade experts.
• Consulting in chemical experts.
DC description
• Cable Ties
• Zip Ties
• Wire Ties
• Cable Ties Mounts
• Metal Zip ties
• Tie Wraps
1 Report Prologue 13
2 Scope of The Report 14
2.1 Market Definition 14
2.2 Scope of The Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Market Structure 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics 20
4.1 Introduction 20
4.2 Drivers 22
4.2.1 Wide application area along with its respective growth 22
4.2.2 Significant demand by emerging economies of Asia Pacific 23
4.3 Restraints 24
4.3.1 Unstable crude oil prices coupled with regulations pertaining to the use of plastic products 24
4.4 Opportunities 25
4.4.1 Relatively smaller investment to set up production 25
4.4.2 Limited market entry barriers 25
4.5 Market Trends 25
4.5.1 Increasing adoption in consumer goods 25
5 Market Factor Analysis 26
5.1 Supply Chain Analysis 26
5.1.1 Raw Material 26
5.1.2 Manufacturers 26
5.1.3 Distributers 27
5.1.4 End Users 27
5.2 Porter 5 Forces Analysis 28
5.2.1 Competitive rivalry 28
5.2.2 Threat of new entrants 28
5.2.3 Threat of new substitute 29
5.2.4 Bargaining power of suppliers 29
5.2.5 Bargaining of consumers 29
6 Global Nylon Cable Ties Market, By Type 30
6.1 Introduction 30
6.2 Nylon 6 Cable ties 32
6.3 Nylon 6,6 Cable Ties 33
6.4 Others 34
7 Global Nylon Cable Ties Market, By Application 36
7.1 Introduction 36
7.2 Electronics &Electrical 39
7.3 Building & Construction 41
7.4 Automotive 42
7.5 Agriculture 43
7.6 Consumer Goods 44
7.7 Industrial 45
7.8 Others 46
8 Global Nylon Cable Ties Market, By Geography 48
8.1 Introduction 48
8.2 North America 50
8.2.1 The U.S. 53
8.2.2 Canada 55
8.3 Europe 57
8.3.1 Germany 60
8.3.2 The UK 62
8.3.3 Russia 64
8.3.4 France 66
8.3.5 Spain 68
8.3.6 Italy 70
8.3.7 Belgium 72
8.3.8 Rest of the Europe 74
8.4 Asia Pacific 77
8.4.1 China 80
8.4.2 Japan 82
8.4.3 India 84
8.4.4 South Korea 86
8.4.5 Rest of the Asia Pacific 89
8.5 Latin America 92
8.5.1 Brazil 95
8.5.2 Argentina 97
8.5.3 Mexico 99
8.5.4 Rest of the Latin America 101
8.6 Middle East & Africa 104
8.6.1 The UAE 108
8.6.2 Saudi Arabia 110
8.6.3 Turkey 112
8.6.4 Rest of the Middle East & Africa 114
9 Competitive Landscape 118
9.1 Introduction 118
9.2 Market key developments analysis 118
10 Company Profiles 119
10.1 Ascend Performance Material 119
10.1.1 Company Overview 119
10.1.2 Financials 119
10.1.3 Products 119
10.1.4 Strategy 119
10.1.5 Key Developments 119
10.2 3M 120
10.2.1 Company Overview 120
10.2.2 Financials 120
10.2.3 Products 120
10.2.4 Strategy 120
10.2.5 Key Developments 120
10.3 HellermannTyton 121
10.3.1 Company Overview 121
10.3.2 Financials 121
10.3.3 Products 121
10.3.4 Strategy 121
10.3.5 Key Developments 121
10.4 Thomas & Betts Corporation 122
10.4.1 Company Overview 122
10.4.2 Financials 122
10.4.3 Products 122
10.4.4 Strategy 122
10.4.5 Key Developments 122
10.5 Changhong Plastics Group 123
10.5.1 Company Overview 123
10.5.2 Financials 123
10.5.3 Products 123
10.5.4 Strategy 123
10.5.5 Key Developments 123
10.6 Yueqing Huada Plastic 124
10.6.1 Company Overview 124
10.6.2 Financials 124
10.6.3 Products 124
10.6.4 Strategy 124
10.6.5 Key Developments 124
10.7 HONT Electrical Co., Ltd 125
10.7.1 Company Overview 125
10.7.2 Financials 125
10.7.3 Products 125
10.7.4 Strategy 125
10.7.5 Key Developments 125
10.8 Partex 126
10.8.1 Company Overview 126
10.8.2 Financials 126
10.8.3 Products 126
10.8.4 Strategy 126
10.8.5 Key Developments 126
10.9 KSS 127
10.9.1 Company Overview 127
10.9.2 Financials 127
10.9.3 Products 127
10.9.4 Strategy 127
10.9.5 Key Developments 127
10.10 American Elite Molding 128
10.10.1 Company Overview 128
10.10.2 Financials 128
10.10.3 Products 128
10.10.4 Strategy 128
10.10.5 Key Developments 128
10.11 Novoflex 129
10.11.1 Company Overview 129
10.11.2 Financials 129
10.11.3 Products 129
10.11.4 Strategy 129
10.11.5 Key Developments 129
10.12 SapiSelco s.r.l. 130
10.12.1 Company Overview 130
10.12.2 Financials 130
10.12.3 Products 130
10.12.4 Strategy 130
10.12.5 Key Developments 130
10.13 Panduit 131
10.13.1 Company Overview 131
10.13.2 Financials 131
10.13.3 Products 131
10.13.4 Strategy 131
10.13.5 Key Developments 131
10.14 Advanced Cable Ties, Inc. 132
10.14.1 Company Overview 132
10.14.2 Financials 132
10.14.3 Products 132
10.14.4 Strategy 132
10.14.5 Key Developments 132
11 Conclusion 133
