Nylon Cable Ties Market to Register a Stout Growth by End 2026
Posted by sanjayhande on March 11th, 2020
According to the report, the global Nylon Cable Ties industry accounted for 9 million in 2018, and is anticipated to reach 3.6 million by 2026, registering a CAGR of 8.86% from 2019 to 2026.
Chief reasons for market fluctuations:
Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/nylon-cable-ties-market/purchase-options
The Nylon 6 segment dominated the market:
Based on type, the Nylon 6 segment held the largest share in 2018, contributing to nearly two-thirds of the global nylon cable ties market. This is attributed to high adoption of nylon 6 cable ties in automotive, agriculture, electronics and electricals, and construction industries. On the other hand, the Nylon 6,6 segment is expected to register the fastest CAGR of 9.30% during the forecast period, owing to development in the industrial manufacturing sector, increase in the importance of efficient manufacturing practices, and rise in the trend of using self-locking cable ties.
Automotive segment to portray fastest growth by 2026:
North America to manifest fastest growth:
The market across the Asia-Pacific region is anticipated to register the fastest CAGR of 9.30% during the forecast period. The emerging concepts like single-person family in the U.S. is the prime factor driving the use of nylon cable in the construction industry. In addition, increase in construction repair activities boosts the growth of the retail management industry, and demand for high-end electronics appliances and devices drive the usage of nylon cable ties in this region. On the other hand, Asia-Pacific held the largest share in 2018, contributing to more than one-third of the global nylon cable ties market. This is due to the presence of established industries including automotive, building & construction, electronics, agriculture, and consumer electronics.
Major market players
Obtain Report Details: https://www.alliedmarketresearch.com/nylon-cable-ties-market-A05961
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Like it? Share it!
About the Authorsanjayhande
Joined: October 17th, 2019
Articles Posted: 148
More by this author