According to our (Global Info Research) latest study, the global Heat Shrinkable Tube market size was valued at USD 5095.3 million in 2023 and is forecast to a readjusted size of USD 5519.2 million by 2030 with a CAGR of 1.1% during review period.
Heat shrinkable tube is a shrinkable plastic tube used to insulate wires, providing abrasion resistance and environmental protection for stranded and solid wire conductors, connections, joints and terminals in electrical work. It can also be used to repair the insulation on wires or to bundle them together, to protect wires or small parts from minor abrasion, and to create cable entry seals, offering environmental sealing protection. Heat shrink tubing is ordinarily made of nylon or polyolefin, which shrinks radially (but not longitudinally) when heated, to between one-half and one-sixth of its diameter.
Heat shrink tubing can be made of any one of a range of thermoplastics, including polyolefin, polyvinyl chloride (PVC), Viton® (for high-temp and corrosive environments), Neoprene®, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP) and Kynar®. In addition to these polymers, some types of special-application heat shrink can also include an adhesive lining that helps to bond the tubing to underlying cables and connectors, forming strong seals that can often be waterproof. Another material that is sometimes added to heat shrink tubing is conductive polymer thick film, which provides an electrical connection between the two or more conductive objects that are being joined by the tubing – without the need to solder them first.
Global Heat Shrinkable Tube key players include TE Connectivity, Sumitomo Electric, DSG-Canus, etc. Global top three manufacturers hold a share over 25%.
North America is the largest market, with a share about 30%, followed by Europe, and China, both have a share over 40 percent.
In terms of product, Polyolefin Type is the largest segment, with a share over 45%. And in terms of application, the largest application is Wire and Cable, followed by Automotive, etc.
The Global Info Research report includes an overview of the development of the Heat Shrinkable Tube industry chain, the market status of Wire and Cable (Polyolefin Heat Shrinkable Tube, Fluoropolymer Heat Shrinkable Tube), Automotive (Polyolefin Heat Shrinkable Tube, Fluoropolymer Heat Shrinkable Tube), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Heat Shrinkable Tube.
Regionally, the report analyzes the Heat Shrinkable Tube markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Heat Shrinkable Tube market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Heat Shrinkable Tube market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Heat Shrinkable Tube industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (M Meter), revenue generated, and market share of different by Type (e.g., Polyolefin Heat Shrinkable Tube, Fluoropolymer Heat Shrinkable Tube).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Heat Shrinkable Tube market.
Regional Analysis: The report involves examining the Heat Shrinkable Tube market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Heat Shrinkable Tube market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Heat Shrinkable Tube:
Company Analysis: Report covers individual Heat Shrinkable Tube manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Heat Shrinkable Tube This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Wire and Cable, Automotive).
Technology Analysis: Report covers specific technologies relevant to Heat Shrinkable Tube. It assesses the current state, advancements, and potential future developments in Heat Shrinkable Tube areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Heat Shrinkable Tube market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Heat Shrinkable Tube market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Polyolefin Heat Shrinkable Tube
Fluoropolymer Heat Shrinkable Tube
Chlorinated Polyolefin Heat Shrinkable Tube
Others
Market segment by Application
Wire and Cable
Automotive
Appliances
Electronic Equipment
Others
Major players covered
TE Connectivity
Sumitomo Electric
DSG-Canus
3M
Changyuan Group
HellermannTyton
CIAC
Qualtek
Alpha Wire
Insultab
Dasheng Group
LG
Panduit
Molex
Woer
Thermosleeve USA
Shrinkflex
Salipt
Yun Lin Electronic
Zeus
Huaxiong Plastic
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Heat Shrinkable Tube product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Heat Shrinkable Tube, with price, sales, revenue and global market share of Heat Shrinkable Tube from 2019 to 2024.
Chapter 3, the Heat Shrinkable Tube competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heat Shrinkable Tube breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Heat Shrinkable Tube market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Heat Shrinkable Tube.
Chapter 14 and 15, to describe Heat Shrinkable Tube sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Heat Shrinkable Tube . Industry analysis & Market Report on Heat Shrinkable Tube is a syndicated market report, published as Global Heat Shrinkable Tube Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Heat Shrinkable Tube market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.