Market Overview:
The global heat shrinkable plastic tube 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 shrinkable tubes from various applications, such as wire and cable, automotive, appliances, electronic equipment, and others. Polyolefin heat shrinkable tubes are expected to dominate the market during the forecast period owing to their properties such as high resistance to chemicals and abrasion.
Product Definition:
A heat shrinkable plastic tube is a type of tubing that can be shrunk in size when heated. This type of tubing is often used to protect cables and wires from damage.
Polyolefin Heat Shrinkable Tube:
Polyolefin (POF) heat shrinkable tube is a kind of extruded polyolefin film, which can be heated to its softening temperature and then converted into elastic shape by the application of heat. It has several advantages such as excellent mechanical strength, chemical resistance, dimensional stability under stress and high flexibility at low temperatures. POF films are widely used in electrical applications where they are wound around copper or aluminum foils for insulation purposes.
Fluoropolymer Heat Shrinkable Tube:
Fluoropolymer heat shrinkable tube is a kind of plastic product, which consists of two parts: the outer layer and an inner core. The outer layer has high thermal conductivity and low thermal expansion property; while the inner core has low thermal conductivity and high thermal expansion property. When heated, the polymer changes its shape from soft to rigid due to temperature rise in between. Due to this reason, it is also called as hot plastic or hot rubber.
Application Insights:
The demand for the product is anticipated to witness a rise in applications such as wire and cable, automotive, appliances and electronic equipment. Wire and cable was the largest application segment in 2017. The plastic tubes are used for insulation purposes in electrical wires of high voltage power lines. They are also used as an alternative to metal cables owing to their light weight which reduces fatigue on workers installing the wires underground or overhead.
Automotive application is expected to witness significant growth over the forecast period owing to its lightweight properties which reduce fuel consumption by reducing vehicular speed, thus lowering carbon emissions over a longer distance journey with lesser energy consumption per unit of distance covered compared with other fuels such as diesel & gasoline fueled vehicles respectively.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from various application industries. The region is expected to dominate the global industry over the forecast period. High product penetration in end-use industries, such as automotive and appliances, is also anticipated to drive growth over the coming years.
Asia Pacific has been witnessing strong economic growth on account of increasing disposable income coupled with rising industrialization and urbanization trends across countries like China, India, Japan and South Korea. This trend is projected to propel heat shrinkable plastic tube demand during the forecast period as well due to its advantages such as lightweight construction along with ease of installation process that can be carried out by non-specialist personnel at low cost compared to other similar products offered in these regions.
Growth Factors:
- Increasing demand from electrical and electronics industry for heat shrinkable tubes as a protective covering for cables and wires.
- Rising demand from automotive industry for heat shrinkable tubes as insulation and protection against abrasion, moisture, and other environmental factors.
- Growing popularity of tubing in medical applications such as endoscopy, angiography, arthroscopy, etc., due to its non-toxic properties and biocompatibility.
- Increasing use of heat shrinkable tubes in the construction sector for protecting underground cables from damage during excavation work.
- Technological advancements that have led to the development of new types of heat shrinkable plastic tubes with enhanced properties such as flame retardancy, chemical resistance, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Shrinkable Plastic Tube Market Research Report
By Type
Polyolefin Heat Shrinkable Tube, Fluoropolymer Heat Shrinkable Tube, Chlorinated Polyolefin Heat Shrinkable Tube, Others
By Application
Wire and Cable, Automotive, Appliances, Electronic Equipment, Others
By Companies
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
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Heat Shrinkable Plastic Tube Market Report Segments:
The global Heat Shrinkable Plastic Tube market is segmented on the basis of:
Types
Polyolefin Heat Shrinkable Tube, Fluoropolymer Heat Shrinkable Tube, Chlorinated Polyolefin Heat Shrinkable Tube, Others
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
Wire and Cable, Automotive, Appliances, Electronic Equipment, 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
- 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
Highlights of The Heat Shrinkable Plastic Tube 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:
- Polyolefin Heat Shrinkable Tube
- Fluoropolymer Heat Shrinkable Tube
- Chlorinated Polyolefin Heat Shrinkable Tube
- Others
- By Application:
- Wire and Cable
- Automotive
- Appliances
- Electronic Equipment
- 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 Shrinkable Plastic Tube 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.
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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 shrinkable plastic tubes are made from a thermoplastic material that shrinks when heated. This makes them ideal for use in applications where space is limited, such as in plumbing and electrical wiring.
Some of the major players in the heat shrinkable plastic tube market are 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.
The heat shrinkable plastic tube market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Shrinkable Plastic Tube 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 Shrinkable Plastic Tube Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Shrinkable Plastic Tube 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 Shrinkable Plastic Tube 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 Shrinkable Plastic Tube Market Size & Forecast, 2018-2028
4.5.1 Heat Shrinkable Plastic Tube Market Size and Y-o-Y Growth
4.5.2 Heat Shrinkable Plastic Tube Market Absolute $ Opportunity
Chapter 5 Global Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Type
5.2.1 Polyolefin Heat Shrinkable Tube
5.2.2 Fluoropolymer Heat Shrinkable Tube
5.2.3 Chlorinated Polyolefin Heat Shrinkable Tube
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Applications
6.2.1 Wire and Cable
6.2.2 Automotive
6.2.3 Appliances
6.2.4 Electronic Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Shrinkable Plastic Tube 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 Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Analysis and Forecast
9.1 Introduction
9.2 North America Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Type
9.6.1 Polyolefin Heat Shrinkable Tube
9.6.2 Fluoropolymer Heat Shrinkable Tube
9.6.3 Chlorinated Polyolefin Heat Shrinkable Tube
9.6.4 Others
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 Heat Shrinkable Plastic Tube Market Size Forecast by Applications
9.10.1 Wire and Cable
9.10.2 Automotive
9.10.3 Appliances
9.10.4 Electronic Equipment
9.10.5 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 Heat Shrinkable Plastic Tube Analysis and Forecast
10.1 Introduction
10.2 Europe Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Type
10.6.1 Polyolefin Heat Shrinkable Tube
10.6.2 Fluoropolymer Heat Shrinkable Tube
10.6.3 Chlorinated Polyolefin Heat Shrinkable Tube
10.6.4 Others
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 Heat Shrinkable Plastic Tube Market Size Forecast by Applications
10.10.1 Wire and Cable
10.10.2 Automotive
10.10.3 Appliances
10.10.4 Electronic Equipment
10.10.5 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 Heat Shrinkable Plastic Tube Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Type
11.6.1 Polyolefin Heat Shrinkable Tube
11.6.2 Fluoropolymer Heat Shrinkable Tube
11.6.3 Chlorinated Polyolefin Heat Shrinkable Tube
11.6.4 Others
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 Heat Shrinkable Plastic Tube Market Size Forecast by Applications
11.10.1 Wire and Cable
11.10.2 Automotive
11.10.3 Appliances
11.10.4 Electronic Equipment
11.10.5 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 Heat Shrinkable Plastic Tube Analysis and Forecast
12.1 Introduction
12.2 Latin America Heat Shrinkable Plastic Tube 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 Heat Shrinkable Plastic Tube Market Size Forecast by Type
12.6.1 Polyolefin Heat Shrinkable Tube
12.6.2 Fluoropolymer Heat Shrinkable Tube
12.6.3 Chlorinated Polyolefin Heat Shrinkable Tube
12.6.4 Others
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 Heat Shrinkable Plastic Tube Market Size Forecast by Applications
12.10.1 Wire and Cable
12.10.2 Automotive
12.10.3 Appliances
12.10.4 Electronic Equipment
12.10.5 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) Heat Shrinkable Plastic Tube Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heat Shrinkable Plastic Tube 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) Heat Shrinkable Plastic Tube Market Size Forecast by Type
13.6.1 Polyolefin Heat Shrinkable Tube
13.6.2 Fluoropolymer Heat Shrinkable Tube
13.6.3 Chlorinated Polyolefin Heat Shrinkable Tube
13.6.4 Others
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) Heat Shrinkable Plastic Tube Market Size Forecast by Applications
13.10.1 Wire and Cable
13.10.2 Automotive
13.10.3 Appliances
13.10.4 Electronic Equipment
13.10.5 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 Shrinkable Plastic Tube Market: Competitive Dashboard
14.2 Global Heat Shrinkable Plastic Tube Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 Sumitomo Electric
14.3.3 DSG-Canus
14.3.4 3M
14.3.5 Changyuan Group
14.3.6 HellermannTyton
14.3.7 CIAC
14.3.8 Qualtek
14.3.9 Alpha Wire
14.3.10 Insultab
14.3.11 Dasheng Group
14.3.12 LG
14.3.13 Panduit
14.3.14 Molex
14.3.15 Woer
14.3.16 Thermosleeve USA
14.3.17 Shrinkflex
14.3.18 Salipt
14.3.19 Yun Lin Electronic
14.3.20 Zeus
14.3.21 Huaxiong Plastic
