Global Nylon Cable Ties Market Expected to Generate Revenue of $ 248.5 Million at a CAGR of 8.4% by 2026

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The global nylon cable ties market is expected to witness notable growth during the forecast period 2019-2026. The nylon 6 sub-segment is expected to be the most lucrative. The electronics and electrical sub-segment is expected to be the most profitable. The Asia-Pacific region is expected to dominate the market.

New York, USA, July 6, 2021 (GLOBE NEWSWIRE) – According to a report released by Research Dive, the global nylon cable ties market should register an income of $ 248.5 million at a CAGR of 8.4% during the forecast period (2019-2026), from $ 126.4 million in 2018. The inclusive report provides a brief overview of the current market scenario including significant market aspects such as growth factors, challenges, restraints, and various opportunities over the forecast period. The report also provides all the market figures which makes it easier and easier for new entrants to understand the market.

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Market dynamics

Conductors: Nylon cable ties are used in different industries, from construction to automotive and agriculture to mechanical. Nylon cable ties are mainly used to secure industrial materials and heavy products in manufacturing industries. Some of the advantageous properties of nylon cable ties include anti-corrosion property, low cost, higher strength, and durability. These are the main drivers of market growth.

Learn about the impact of COVID-19 on the global nylon hose clamp market: https://www.researchdive.com/connect-to-analyst/69

Detention: One of the major restraining factors hampering the growth of the market is government regulation regarding the use of plastic.

Opportunity: Metal detectable nylon cables are likely to create a lot of opportunities in the market during the forecast period.

Market segments

The report has divided the market into different segments based on type, application, and regional outlook.

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Type: Sub-segment of nylon 6 which is expected to be the most profitable

The Nylon 6 sub-segment was worth $ 79.5 million in 2018, and furthermore is expected to register a revenue of $ 153.8 million during the forecast period. Nylon 6 type tie is adopted by many industries such as electronics and electrical, automotive, construction industries and agriculture, fueling the growth of the segment.

The electronics and electrical sub-segment is expected to generate sales of $ 73.3 during the forecast period. The main reason for this growth is the application of nylon cable ties in the electronics and electrical industry. These ties help secure cables and wires during electrical installation.

Regional outlook: Asia-Pacific is expected to lead the market

Asia-Pacific is expected to generate maximum revenue of $ 89.9 million by the end of 2026. The main attribute of the growth of this market is the presence of most of the market players in this market alone. region. China and Taiwan are the two countries with the highest revenue shares in the market. This is the reason for the growth of the market in the coming years.

Key market players

1. 3M
2. Rise of performance materials
3. Changhong Plastics Group Imperial Plastics Co., Ltd.
4. ABB Installation Products Inc.
5. Hont Electrical Co., Ltd.
6. KSS
7. American Elite Cast
8. Partex marking systems
9. Hellermann Tyton
10. YUEQING HUADA PLASTIC CO., LTD.

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In November 2020, Southwire, a diversified power company, announced its acquisition of American Elite Molding (AEM) of Crestview, Florida. Serving the construction, industrial, retail and OEM markets for over 20 years. AEM is one of the leading nylon hose clamp manufacturers in America. The acquisition is intended to support the company’s growth strategy.

Apart from this, the market report also summarizes the various facets of all the major players operating in the market such as SWOT review, financial intelligence, latest developments, current strategic plans, and varied product portfolios. . Click here for a summary report on Top Business Development Strategies

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