U.S (New York)– The “Nylon Cable Ties Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Nylon Cable Ties Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
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. Nylon cable tie is a type of fastener that is made of nylon material. It is known for holding things together to organize them for various purposes. Nylon cable ties are available in two types, which include single-use cable ties and reusable cable ties. They offer greater flexibility and are very easy to use. They exhibit properties such as combined strength, moderate stiffness, high service temperature, and a high level of toughness.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global nylon cable ties market is anticipated to exhibit significant growth during the forecast period in response to their growing popularity in various end-use industries. Nylon cable ties are cost-effective and easy to use, which make their use very convenient in automotive, electronics and electrical, and constriction applications. They significantly adopted to hold wire bundles during assembly in electronics and automotive products. As a result, increase in automotive and electronics production output drives the growth of this market. Furthermore, rise in penetration of nylon cable ties in the consumer goods industry further fuels the market growth. Since nylon is the core material used in these cable ties, stringent regulatory policies on the use of plastic is one of the major factors that is expected to hamper the growth of the global nylon cable ties market. Moreover, nylon cable ties are very cost-effective in nature and they do not require a high initial investment to set up a production cost. Therefore, the global market is likely to witness greater penetration of small-scale manufacturers during the forecast period, which is anticipated to provide lucrative opportunity to this market.
The global nylon cable ties market is segmented into type, application, and region. Based on type, the global market is segmented into nylon 6, nylon 6,6, and others. By application, it is divided into 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.
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KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global nylon cable ties market from 2018 to 2026 to determine the prevailing opportunities.
? A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
? Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
? Profiles of leading players operating in the market are provided to understand the global competitive scenario.
? The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
KEY MARKET PLAYERS
– Thomas Bett
– KSS
– Hont ELectrical CO., Ltd
– YUEQING HUADA PLASTIC CO., LTD.
– Partex Marking Systems AB
– Ascend Performance Material
– HellermannTyton
– 3M, Inc
– Changhong Plastics Group Imperial Plastics Co., Ltd.
– Novoflex Marketing (P) Ltd
KEY MARKET SEGMENTS
– By Type
? Nylon 6
? Nylon 6,6
? Others
– By Application
? Electronics & Electrical
? Building & Construction
? Automotive
? Agriculture
? Consumer Goods
? Industrial
? Others
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– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? Italy
? Spain
? UK
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Australia
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? South Africa
? LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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