Market Overview:
The global heat shrinking 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 shrinking tubes from the automotive industry, food and beverage industry, chemical industry, and other applications. Polyolefin is the most commonly used type of heat shrinking tube in the market due to its low cost and easy availability. However, PTFE-based heat shrinkable tubes are expected to grow at a higher rate during the forecast period owing to their superior properties such as high temperature resistance and chemical resistance. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A heat shrink tube is a thermoplastic or thermoset polymer tubing material that is shrunk in size by the application of heat. The shrinking action tightly clamps the tubing around whatever object it is covering, providing an insulating and protective cover. Heat shrink tubes are often used to protect electrical wiring from abrasion and weathering, as well as to provide insulation against electrical shock.
Polyolefin:
Polyolefin is a polymer, which contains multiple olefin repeat units. It is produced by the catalytic polymerization of ethylene and has applications in various industries such as packaging, automotive & transportation, building & construction and electrical & electronics. Polyolefins are non-toxic, lightweight materials that can be recycled; making them sustainable in nature.
The global polyolefin market size was valued at USD 33 billion in 2015.
PTFE:
It has the ability to withstand high temperatures and thus finds application in heat shrinking tubes. PTFE based heat shrinking tubes can be used across various industries including automotive, aerospace & defense, electronics, and household appliances among others.
The global market for heat shrinkage tube was estimated at USD 1.61 billion in 2016.
Application Insights:
Automobile industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The heat shrinking tubes are used in automobile radiators for heating fluids such as engine oil, coolants, and fuels. These tubes help reduce heat transfer from fluid to air by creating a partial vacuum around the fluid level which results in a cooler temperature of the surrounding air. This technology helps automakers meet stringent government regulations on vehicle thermal efficiency while reducing energy consumption by 33%.
Heat shrinking tubes can also be used for other applications such as food & beverage, chemical industries etc., wherein they are utilized for processing or cooling of liquids or gases at high temperatures without allowing them to expand into foam or boil over respectively. The product has numerous industrial uses across various industries including oil & gas, power generation etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth is attributed to the presence of a large number of automotive manufacturers and heat treating companies, which require high-quality tubes for manufacturing components. In addition, increasing use of these products in oil and gas industry is expected to drive demand over the forecast period.
Asia Pacific region accounted for a significant share owing to rising product demand from end-use industries such as construction, automotive and energy sector. China emerged as one of the major producers owing to low raw material prices coupled with availability of labor at economical costs resulting into lower production cost compared to other countries globally; hence it attracts many foreign investors looking for profit margins higher than their domestic markets offering them an opportunity for business expansion or setting up new plants/factories within China thus driving regional growth over past few years. India also contributed significantly towards regional growth due to growing automobile industry on account off favorable government policies encouraging investments from various international players including Ford Motors Company LLC.
Growth Factors:
- Increasing demand from the automotive and electrical industries for heat shrinking tubes as a result of their growing popularity for insulation, protection, and bundling purposes.
- The increasing use of heat shrinking tubes in medical applications such as endoscopy and laparoscopy due to their ability to provide a sterile environment.
- Growing demand for heat shrinking tubes from the aerospace industry due to their lightweight properties and resistance to high temperatures.
- Rising demand from the telecommunications sector owing to the increasing use of fiber optic cables in data transmission systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Shrinking Tube Market Research Report
By Type
Polyolefin, PTFE, FEP, PFA, ETFE
By Application
Automobile Industry, Food and Beverage, Chemical Industry, Other
By Companies
M, HellermannTyton, Panduit, Shanghai Changyuan Eectronic Materials co., Ltd., SHAWCOR, Shenzhen Woer Heat, Sumitomo Electric Industries, TE Connectivity Ltd, Techflex Inc, Zeus Industrial Products Inc
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Heat Shrinking Tube Market Report Segments:
The global Heat Shrinking Tube market is segmented on the basis of:
Types
Polyolefin, PTFE, FEP, PFA, ETFE
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
Automobile Industry, Food and Beverage, Chemical Industry, Other
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:
- M
- HellermannTyton
- Panduit
- Shanghai Changyuan Eectronic Materials co., Ltd.
- SHAWCOR
- Shenzhen Woer Heat
- Sumitomo Electric Industries
- TE Connectivity Ltd
- Techflex Inc
- Zeus Industrial Products Inc
Highlights of The Heat Shrinking 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
- PTFE
- FEP
- PFA
- ETFE
- By Application:
- Automobile Industry
- Food and Beverage
- Chemical Industry
- Other
- 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 Shrinking 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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 shrinking tubes are used to shrink or contract the diameter of a tube, wire, or other object by using heat.
Some of the major companies in the heat shrinking tube market are M, HellermannTyton, Panduit, Shanghai Changyuan Eectronic Materials co., Ltd., SHAWCOR, Shenzhen Woer Heat, Sumitomo Electric Industries, TE Connectivity Ltd, Techflex Inc, Zeus Industrial Products Inc.
The heat shrinking tube 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 Shrinking 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 Shrinking Tube Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Shrinking 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 Shrinking 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 Shrinking Tube Market Size & Forecast, 2020-2028
4.5.1 Heat Shrinking Tube Market Size and Y-o-Y Growth
4.5.2 Heat Shrinking Tube 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 Polyolefin
5.2.2 PTFE
5.2.3 FEP
5.2.4 PFA
5.2.5 ETFE
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 Automobile Industry
6.2.2 Food and Beverage
6.2.3 Chemical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Shrinking 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 Shrinking 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 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 Polyolefin
9.6.2 PTFE
9.6.3 FEP
9.6.4 PFA
9.6.5 ETFE
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 Automobile Industry
9.10.2 Food and Beverage
9.10.3 Chemical Industry
9.10.4 Other
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 Polyolefin
10.6.2 PTFE
10.6.3 FEP
10.6.4 PFA
10.6.5 ETFE
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 Automobile Industry
10.10.2 Food and Beverage
10.10.3 Chemical Industry
10.10.4 Other
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 Polyolefin
11.6.2 PTFE
11.6.3 FEP
11.6.4 PFA
11.6.5 ETFE
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 Automobile Industry
11.10.2 Food and Beverage
11.10.3 Chemical Industry
11.10.4 Other
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 Polyolefin
12.6.2 PTFE
12.6.3 FEP
12.6.4 PFA
12.6.5 ETFE
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 Automobile Industry
12.10.2 Food and Beverage
12.10.3 Chemical Industry
12.10.4 Other
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 Polyolefin
13.6.2 PTFE
13.6.3 FEP
13.6.4 PFA
13.6.5 ETFE
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 Automobile Industry
13.10.2 Food and Beverage
13.10.3 Chemical Industry
13.10.4 Other
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 Shrinking Tube Market: Competitive Dashboard
14.2 Global Heat Shrinking Tube Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 HellermannTyton
14.3.3 Panduit
14.3.4 Shanghai Changyuan Eectronic Materials co., Ltd.
14.3.5 SHAWCOR
14.3.6 Shenzhen Woer Heat
14.3.7 Sumitomo Electric Industries
14.3.8 TE Connectivity Ltd
14.3.9 Techflex Inc
14.3.10 Zeus Industrial Products Inc
