Market Overview:
The global shrink hoods and tubes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for shrink hoods and tubes from various end-use industries, such as utilities, chemical, automotive, food & beverage, and others. In terms of type, the polyolefin segment is expected to lead the global shrink hoods and tubes market during the forecast period. This can be attributed to its properties such as high thermal stability and resistance to chemicals.
Product Definition:
Shrink hoods and tubes are heat-shrinkable products that are used to protect or encapsulate electrical or electronic components. They are made from polyolefin materials and can be shrunk down to a fraction of their original size using heat. This creates a tight, protective seal around the component that can help to prevent damage from moisture, dust, and other contaminants. Shrink hoods and tubes can also be used for cosmetic purposes, to improve the appearance of an assembly or device.
Polyolefin:
Polyolefin is a polymer, which contains multiple olefin units and is produced by the polymerization of ethylene. Polyolefins are non-toxic, lightweight, flexible & strong and have excellent resistance to solvents & high temperatures. They can be shrink wrapped or thermoformed depending on the application requirement.
Polytetrafluoroethylene:
PTFE has excellent chemical resistance, high tensile strength and is soft. It also has good electrical insulation properties making it useful in manufacturing components for electric circuits that are sensitive to heat or voltage.
Application Insights:
The application segment includes utilities, automotive, food and beverage, chemical and others. The utility segment held the largest market share in 2017. This is attributed to the extensive usage of shrink tubes and hoods in power generation plants for cooling purposes as well as for heat transfer from one part to another within a plant. In addition, these products are used extensively across oil & gas refineries due to their lightweight properties which aid in minimizing the overall structure weight thereby reducing operational costs.
Global shrink tubes.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rapid industrialization and increasing energy demand. The regional market is estimated to grow at a CAGR of XX% from 2018 to 2030 owing to rising product demand in chemical, food & beverage, and automotive industries in Asia Pacific countries such as China, India, Japan, South Korea.
The Middle East & Africa (MEA) was one of the prominent regions that accounted for a significant share in 2016 due its large oil & gas reserves which are used for producing electricity as well as heat through power generation plants known as thermal power stations or simply Power Stations. Shrink tubes are widely used across these countries for reducing steam pressure within a Power Station's condenser thus saving energy by decreasing plant's operating temperature thus lowering electricity consumption costs associated with it; this results into an overall positive impact on revenue generation from utility applications segment of global shrink hoods market over the forecast period.
Growth Factors:
- Increasing demand for shrink hoods and tubes from the packaging industry as a result of the growth in the food and beverage sector.
- Rising demand for shrink hoods and tubes from end-use industries such as automotive, electrical & electronics, and construction due to their properties such as high insulation value, flame retardancy, etc.
- Growing popularity of shrink hoods and tubes among consumers due to their advantages such as energy savings, durability, etc. over traditional insulation methods like fiberglass batting or cellulose insulation.
- Technological advancements in manufacturing processes that have resulted in the development of more efficient and durable shrink hoods and tubes products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Hoods and Tubes Market Research Report
By Type
Polyolefin, Polytetrafluoroethylene, Fluorinated Ethylene Propylene, Others
By Application
Utilities, Chemical, Automotive, Food & Beverage, Others
By Companies
Coveris, TE Connectivity, The 3M Company, Sumitomo Electric Industries, Ltd., ABB Group, HellermannTyton, Alpha Wire Company, Shenzhen Woer Heat - Shrinkable Material Co., Ltd., Qualtek Electronics Corporation, Panduit, Coveris, Huizhou Guanghai Electronic Insulation Materials Co.,Ltd., Thermosleeve USA, Insultab, Dasheng Heat Shrinkable Material, Changchun Heat Shrinkable Materials
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Hoods and Tubes Market Report Segments:
The global Shrink Hoods and Tubes market is segmented on the basis of:
Types
Polyolefin, Polytetrafluoroethylene, Fluorinated Ethylene Propylene, 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
Utilities, Chemical, Automotive, Food & Beverage, 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:
- Coveris
- TE Connectivity
- The 3M Company
- Sumitomo Electric Industries, Ltd.
- ABB Group
- HellermannTyton
- Alpha Wire Company
- Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
- Qualtek Electronics Corporation
- Panduit
- Coveris
- Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
- Thermosleeve USA
- Insultab
- Dasheng Heat Shrinkable Material
- Changchun Heat Shrinkable Materials
Highlights of The Shrink Hoods and Tubes 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
- Polytetrafluoroethylene
- Fluorinated Ethylene Propylene
- Others
- By Application:
- Utilities
- Chemical
- Automotive
- Food & Beverage
- 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 Shrink Hoods and Tubes 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
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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?
Shrink hoods and tubes are devices used in the laboratory to reduce the size of objects. Shrink hoods are often used to cool or freeze small samples. Tubes can be used for a variety of purposes, including heating and cooling.
Some of the key players operating in the shrink hoods and tubes market are Coveris, TE Connectivity, The 3M Company, Sumitomo Electric Industries, Ltd., ABB Group, HellermannTyton, Alpha Wire Company, Shenzhen Woer Heat - Shrinkable Material Co., Ltd., Qualtek Electronics Corporation, Panduit, Coveris, Huizhou Guanghai Electronic Insulation Materials Co.,Ltd., Thermosleeve USA, Insultab, Dasheng Heat Shrinkable Material, Changchun Heat Shrinkable Materials.
The shrink hoods and tubes 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 Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrink Hoods and Tubes 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 Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size & Forecast, 2018-2028
4.5.1 Shrink Hoods and Tubes Market Size and Y-o-Y Growth
4.5.2 Shrink Hoods and Tubes Market Absolute $ Opportunity
Chapter 5 Global Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Type
5.2.1 Polyolefin
5.2.2 Polytetrafluoroethylene
5.2.3 Fluorinated Ethylene Propylene
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Chemical
6.2.3 Automotive
6.2.4 Food & Beverage
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrink Hoods and Tubes 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 Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Analysis and Forecast
9.1 Introduction
9.2 North America Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Type
9.6.1 Polyolefin
9.6.2 Polytetrafluoroethylene
9.6.3 Fluorinated Ethylene Propylene
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 Shrink Hoods and Tubes Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Chemical
9.10.3 Automotive
9.10.4 Food & Beverage
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 Shrink Hoods and Tubes Analysis and Forecast
10.1 Introduction
10.2 Europe Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Type
10.6.1 Polyolefin
10.6.2 Polytetrafluoroethylene
10.6.3 Fluorinated Ethylene Propylene
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 Shrink Hoods and Tubes Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Chemical
10.10.3 Automotive
10.10.4 Food & Beverage
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 Shrink Hoods and Tubes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Type
11.6.1 Polyolefin
11.6.2 Polytetrafluoroethylene
11.6.3 Fluorinated Ethylene Propylene
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 Shrink Hoods and Tubes Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Chemical
11.10.3 Automotive
11.10.4 Food & Beverage
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 Shrink Hoods and Tubes Analysis and Forecast
12.1 Introduction
12.2 Latin America Shrink Hoods and Tubes 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 Shrink Hoods and Tubes Market Size Forecast by Type
12.6.1 Polyolefin
12.6.2 Polytetrafluoroethylene
12.6.3 Fluorinated Ethylene Propylene
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 Shrink Hoods and Tubes Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Chemical
12.10.3 Automotive
12.10.4 Food & Beverage
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) Shrink Hoods and Tubes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shrink Hoods and Tubes 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) Shrink Hoods and Tubes Market Size Forecast by Type
13.6.1 Polyolefin
13.6.2 Polytetrafluoroethylene
13.6.3 Fluorinated Ethylene Propylene
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) Shrink Hoods and Tubes Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Chemical
13.10.3 Automotive
13.10.4 Food & Beverage
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 Shrink Hoods and Tubes Market: Competitive Dashboard
14.2 Global Shrink Hoods and Tubes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coveris
14.3.2 TE Connectivity
14.3.3 The 3M Company
14.3.4 Sumitomo Electric Industries, Ltd.
14.3.5 ABB Group
14.3.6 HellermannTyton
14.3.7 Alpha Wire Company
14.3.8 Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
14.3.9 Qualtek Electronics Corporation
14.3.10 Panduit
14.3.11 Coveris
14.3.12 Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
14.3.13 Thermosleeve USA
14.3.14 Insultab
14.3.15 Dasheng Heat Shrinkable Material
14.3.16 Changchun Heat Shrinkable Materials
