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2020

Nylon Cable Ties Market

Nylon Cable Ties Market Size, Share, Competitive Landscape and Trend Analysis Report 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

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Author's: Krunal Yeware | Eswara Prasad
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Nylon Cable Ties Market Outlook - 2026 

The global nylon cable ties market was valued at $129.0 million in 2018, and is projected to reach $253.6 million by 2026, growing at a CAGR of 8.86% from 2019 to 2026.

Cable ties are referred to as wire ties, zap straps, and hose ties that are a type of fastener used for holding cables together. Therefore, a tie manufactured using nylon 6 or nylon 6,6 material is known as a nylon cable tie. These cable ties are available in two types, which include single use cable ties and reusable cable ties, based on the nature of the application. Nylon cable ties exhibit properties such as high tensile strength, temperature compatibility up to 140°C, and high level of toughness.

Nylon Cable Ties Market

Wide adoption of nylon ties in the end-use industries is the prominent growth driver in the global nylon cable ties market. Currently, nylon cable ties are used in a range of industries, which include automotive, building & construction, electronics & electricals, agriculture, industrial, consumer goods, agriculture, and others. This is mainly due to its easy and continent use, which further is expected to expand its application in the other industries as well. The electronics and electrical industry is the primary application area of nylon cable ties where they are used to tie the bundle of cable inside the electronic products to protect them from damage and short circuit. Therefore, they not only offer protection to electronics products but also help in extending the life span of the same. Furthermore, these cable ties are massively used in the construction and automotive industries, where they are used to tie multiple things together during the primary construction activities and in automotive assembling lines. Hence, growth in electronics production as well as expanding construction activities are expected to fuel the demand for nylon cable ties.     

On the contrary, unstable crude oil prices and regulations on plastic use are some of the factors that are expected to restrain the global nylon cable ties market growth. However, penetration of small-scale market players is anticipated to offer profitable growth opportunities during the forecast period.  

The global nylon cable ties market is segmented into type, application, and region. Based on the type, the global market is segmented into nylon 6, nylon 6,6, and others. Based on the application, the market is bifurcated into the electronics & electrical, building & construction, automotive, agriculture, consumer goods, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global nylon cable ties market is segmented into type, application, and region. Based on the type, the global market is segmented into nylon 6, nylon 6,6, and others. Based on the application, the market is bifurcated into the electronics & electrical, building & construction, automotive, agriculture, consumer goods, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.   

Global Nylon Cable Ties Market, by Type

By type, Nylon 6 is made from caprolactam monomer material which is easy to process. Since caprolactam is known for the lustrous surface finish as well as high impact strength and stress resistance, similar properties are further imparted to nylon 6 cable ties that enable them to offer excellent performance. Besides this, nylon cable ties are effectively operating up to 220°C and also exhibit low mold shrinkage. As a result, these cable ties are easily used in adverse environmental conditions from extreme cold to high temperature which drives its demand across the globe. 

Nylon Cable Ties Market
By Type
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Nylon 6 is projected as the most lucrative segment.

Global Nylon Cable Ties Market, by Application

By the application, electronics & electricals industry is the primary application area for nylon cables ties due to which it accounted for the largest nylon cable ties market share of around 30% in 2018. Nylon cable ties have emerged as the perfect solution to electronics and electrical industry as it regularly deals with the complication related to bundles of cables or wires during electric installation. Nylon cable ties help in safe routing of cables and wire harnesses at the possible lowest cost. Once applied the permanent and temporary locking feature of the cable ties assures a tight and secure hold. This eliminates the possibility of damaging wire's insulation thereby allowing electronics products to run longer. There are ULL-certification approved nylon cable ties also available in the market especially favorable in electronics use.

Nylon Cable Ties Market
By Application
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Electronics & Electrical projected as the most lucrative segment.

Global Nylon Cable Ties Market, by Region

By region, Asia-Pacific is the largest consumer of nylon cable ties in 2018 among other regions and it is expected to be the largest market during the forecast period. China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific are some of the major countries covered in the Asia-Pacific region. The region has the presence of established industries including automotive, building & construction, electronics, agriculture, and consumer electronics that helps to generate a strong demand for nylon cable ties. Besides this, the preference for cost-effective products, the emergence of China as a global manufacturing hub, and growth in the material handling industry are the factors that fuel the adoption of nylon cable ties.

Nylon Cable Ties Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Key Benefits for Stakeholders:

  • The report provides an in-depth analysis of the nylon cable ties market forecast along with the current and future market trends
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global nylon cable ties industry for strategy building
  • A comprehensive nylon cable ties market analysis covers factors that drive and restrain market growth
  • The qualitative data in this report aims on market dynamics, trends, and developments

Nylon Cable Ties Market Report Highlights

Aspects Details
Nylon Cable Ties Market By Type
By Type
  • Nylon 6
  • Nylon 6,6
  • Others
Nylon Cable Ties Market By Application
By Application
  • Electronics & Electrical
  • Building & Construction
  • Automotive
  • Agriculture
  • Consumer Goods
  • Industrial,
  • Others
Nylon Cable Ties Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Changhong Plastics Group Imperial Plastics Co., Ltd., Partex Marking Systems AB, YUEQING HUADA PLASTIC CO., LTD., Novoflex Marketing (P) Ltd., Hont Electrical Co., Ltd., 3M, Inc., Ascend Performance Material, KSS, HellermannTyton, ABB, Ltd.

Analyst Review

According to the CXOs of the leading companies, the global nylon cable ties market is very dynamic in nature which represents immense growth potential for the upcoming years. Nylon cable ties are very easy and convenient to use which adds real-life value in regular practices in a large range of industries. For instance, in electronics industries, it is used to tie cables together inside the electronics products that prevent short circuits and damaging of products. This activity helps in space utilization in electronics products by preventing further complications. This is the reason nylon cable ties started to gain tremendous popularity across the globe.

Due to the easy use of nylon cable ties its application is widening in other industries which are setting a growth trajectory of this market for the next 5-8 years. There are other cable ties available in the market including steel cable ties, metal detachable ties, and plastic cable ties; among all, nylon cable ties are highly preferred ones due to its cost-effective and reusable nature. Considering this, the global market anticipated to witness the penetration of new industry participants during the next five years to tap growth opportunities through new product innovation.

Author Name(s) : Krunal Yeware | Eswara Prasad
Frequently Asked Questions?

Increasing the use of nylon 6 cable ties in animal identification applications in the agriculture industry and growing popularity of self-locking cable ties are the the recent trends observed in this market which are complementing its demand across the globe.

Product Launch is the only strategy adopted by the market players in the global nylon cable ties market.

Asia-Pacific region anticipated to provide profitable growth to the global nylon cable ties market during the forecast period.

Thomas Bett, KSS, Hont ELectrical CO., Ltd, Partex Marking Systems AB, Ascend Performance Material, HellermannTyton, 3M, Inc, and Novoflex Marketing (P) Ltd, are the major market players in the global nylon cable ties market

Electronics & Electrical segment holds the prominent market share in the global nylon cable ties market

Electronics & Electrical,Building & Construction, Automotive, Agriculture, Consumer Goods, Industrial, Others industris are the pontetial consumers of the nylon cable ties.

Diverse applicatin of nylon cbale ties, growing adoption in electricals & electronics industrries, and cost effective nature of the nylon cable ties are the factor that are driving the growth of the nylon cable ties market.

Nylon cable ties application in Electronics & Electrical,Building & Construction, Automotive, and Agriculture industries expected to drive the adoption of nylon cable ties.

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Nylon Cable Ties Market

Global Opportunity Analysis and Industry Forecast, 2019-2026