Market Overview:
The global heat shrink joint market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heat shrink joints in the electronics & electrical and refinery industries. In addition, the growing demand for heat shrink joints in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. On the basis of type, 1 core heat shrink joint held a major share of the global heat shrink joint market in 2017. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its high performance and durability as compared with other types ofheat shrink joints available in the market.
Product Definition:
A heat shrink joint is a type of solderless electrical connection. A small piece of heat-shrink tubing is slipped over the wire to be connected and then heated with a heat gun, lighter, or even a cigarette. The tubing will shrink to fit tightly around the wire and the insulation. This forms a watertight seal that prevents corrosion and makes it difficult for wires to come loose.
1 Core Heat Shrink Joint:
1 core heat shrink joint is a new technology that was introduced by the major players in Heat Shrink Joint market. The 1CHeSJ technology has been developed to overcome the limitations of 2CHe Technology, which can be used for applications such as printed circuit boards (PCB), consumer electronics, and other industrial goods.
3 Core Heat Shrink Joint:
3 core heat shrink joint is a type of heat shrink material that has three layers. The outer layer is made from polypropylene and the middle layer from low-density polyethylene, which are both thermoplastic materials. The third inner layer is made from silicone rubber and acts as an adhesive to hold all three layers together. This product can be used in various applications such as electronics, automotive & transportation, medical equipment packaging among others.
Application Insights:
Electronics & electrical was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Electronics & electrical industry requires a high volume of components that are produced at a high rate, leading to increased demand for heat shrink joints. Electronics and electrical industry comprises of several sub-segments including semiconductors/electrical components, consumer durables, industrial machinery and equipment as well as communication sector which makes use of electronic products.
The refineries segment is anticipated to register notable growth over the forecast period on account of rising need for insulation in petroleum refining plants.
Regional Analysis:
North America dominated the global market in 2017 owing to high product demand from various end-use industries, such as electronics and electrical. The region is expected to witness significant growth over the forecast period on account of rising construction activities due to increasing population.
Asia Pacific is projected to be one of the fastest-growing regional markets during the forecast years on account of rapid industrialization and growing population in countries, such as China and India. In addition, improving economic conditions are anticipated to drive product demand over the next eight years. Heat shrink joint application in refineries has witnessed a significant increase owing to rising concerns regarding oil leakage & gas emissions coupled with stringent government regulations for reducing carbon footprint associated with heat transfer equipment used for transferring heat within an engine room or cooling system within a refinery plant or power generation plant which will further propel industry growth during this period.
Growth Factors:
- Increasing demand from the automotive and electrical industries
- Growing popularity of heat shrink tubing in medical applications
- Rising demand for heat shrinkable products from the telecommunications sector
- Proliferation of new technologies that require thermal protection
- Growing awareness about the benefits of using heat shrink joints
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Shrink Joint Market Research Report
By Type
1 Core Heat Shrink Joint, 3 Core Heat Shrink Joint
By Application
Electronics & Electrical, Refineries, Others
By Companies
TE Connectivity, M, Panduit, Changchun Heat Shrinkable Materials, Dasheng Heat Shrinkable Material, Ensto, Etelec Italia SpA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Heat Shrink Joint Market Report Segments:
The global Heat Shrink Joint market is segmented on the basis of:
Types
1 Core Heat Shrink Joint, 3 Core Heat Shrink Joint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics & Electrical, Refineries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TE Connectivity
- M
- Panduit
- Changchun Heat Shrinkable Materials
- Dasheng Heat Shrinkable Material
- Ensto
- Etelec Italia SpA
Highlights of The Heat Shrink Joint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1 Core Heat Shrink Joint
- 3 Core Heat Shrink Joint
- By Application:
- Electronics & Electrical
- Refineries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Shrink Joint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heat shrink joint is a type of adhesive that shrinks when it comes into contact with heat. This allows the two pieces of material to be joined together without having to use any other type of adhesive.
Some of the major companies in the heat shrink joint market are TE Connectivity, M, Panduit, Changchun Heat Shrinkable Materials, Dasheng Heat Shrinkable Material, Ensto, Etelec Italia SpA.
The heat shrink joint market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Shrink Joint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heat Shrink Joint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Shrink Joint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heat Shrink Joint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heat Shrink Joint Market Size & Forecast, 2020-2028
4.5.1 Heat Shrink Joint Market Size and Y-o-Y Growth
4.5.2 Heat Shrink Joint Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1 Core Heat Shrink Joint
5.2.2 3 Core Heat Shrink Joint
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics & Electrical
6.2.2 Refineries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Shrink Joint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heat Shrink Joint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1 Core Heat Shrink Joint
9.6.2 3 Core Heat Shrink Joint
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics & Electrical
9.10.2 Refineries
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1 Core Heat Shrink Joint
10.6.2 3 Core Heat Shrink Joint
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics & Electrical
10.10.2 Refineries
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1 Core Heat Shrink Joint
11.6.2 3 Core Heat Shrink Joint
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics & Electrical
11.10.2 Refineries
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1 Core Heat Shrink Joint
12.6.2 3 Core Heat Shrink Joint
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics & Electrical
12.10.2 Refineries
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1 Core Heat Shrink Joint
13.6.2 3 Core Heat Shrink Joint
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics & Electrical
13.10.2 Refineries
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heat Shrink Joint Market: Competitive Dashboard
14.2 Global Heat Shrink Joint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 M
14.3.3 Panduit
14.3.4 Changchun Heat Shrinkable Materials
14.3.5 Dasheng Heat Shrinkable Material
14.3.6 Ensto
14.3.7 Etelec Italia SpA
