Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Heat Shrink Tube Market by Type (PET, ABS, EVA, PVC), By Application (3, Insulation Protection, Rust and Corrosion, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Heat Shrink Tube Market by Type (PET, ABS, EVA, PVC), By Application (3, Insulation Protection, Rust and Corrosion, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 129892 3300 Chemical & Material 377 233 Pages 5 (33)

Market Overview:

The global heat shrink 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 shrink tubes in various applications, such as insulation protection, rust and corrosion protection, and other applications. In terms of type, the PET segment is expected to lead the global heat shrink tube market during the forecast period. This can be attributed to its properties such as high tensile strength and resistance against chemicals.

Global Heat Shrink Tube Industry Outlook

Product Definition:

A heat shrink tube is a type of tubing that shrinks in diameter when heated. This shrinking action creates a tight fit around the object being covered, providing protection and insulation. Heat shrink tubes are often used to cover electrical wiring, preventing short circuits and corrosion.


Polyethylene Terephthalate (PET) is a non-toxic, lightweight, safe & flexible material that can be recycled and reused. It has high resistance to chemicals & temperature and excellent optical clarity. PET is the most commonly used plastic for manufacturing bottles & jars in the food industry as it provides better protection from bacteria than other plastics such as HDPE or PVC.

The global heat shrink tube market size was valued at USD 2.5 billion in 2016.


ABS is Acrylonitrile Butadiene Styrene, a type of polymer. It has high resistance to heat and chemicals and is used in various end-use industries such as automotive, construction, electrical & electronics packaging consumer goods.

Application Insights:

The application segment includes 3, insulation protection, rust and corrosion protection, and other applications. The 3 application segment dominated the global heat shrink tube market in 2017 owing to its extensive use in electrical & electronics industry for manufacturing various products including power cables, wires & leads setters among others.

In terms of revenue as well as volume wise the insulation protection application is expected to grow at a significant rate over the forecast period owing to its rising demand from various industries such as automotive and construction among others. Growing product demand due to high temperature resistance property along with excellent sealing ability is anticipated drive growth of this segment over the forecast period.

Regional Analysis:

The North America regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to rising demand from various end-use industries, such as aerospace & defense, automotive, and industrial machinery. In addition, increasing R&D activities by key companies are also expected to drive the regional market growth over the forecast period.

Asia Pacific is projected to witness significant growth during the forecast years owing to rapid industrialization coupled with supportive government initiatives in emerging countries like China and India. For instance; In 2015; China launched a national heat shrink tube production line at its Tianjin Economic & Technological Development Area (ETDA) worth USD X billion with an aim of becoming a global leader in manufacturing high-quality heat shrink products at competitive prices within 12 years of start-up operations.

Growth Factors:

  • Increasing demand from the automotive and electrical industries for heat shrink tubing as a protective covering for cables, wires, and other components
  • Growing popularity of heat shrink tubing in the medical industry as a way to protect sensitive equipment and wiring
  • Advances in technology that have led to the development of new types of heat shrink tubing with enhanced properties such as flame retardance and insulation
  • Rising demand from consumers for products that are environmentally friendly and recyclable
  • The increasing use of heat shrink tubing in military applications to protect against environmental hazards

Scope Of The Report

Report Attributes

Report Details

Report Title

Heat Shrink Tube Market Research Report

By Type


By Application

3, Insulation Protection, Rust and Corrosion, Other

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Heat Shrink Tube Market Report Segments:

The global Heat Shrink Tube market is segmented on the basis of:



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.


3, Insulation Protection, Rust and Corrosion, 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:

  1. TE Connectivity
  2. Sumitomo Electric
  3. DSG-Canus
  4. 3M
  5. Changyuan Group
  6. HellermannTyton
  7. CIAC
  8. Qualtek
  9. Alpha Wire
  10. Insultab
  11. Dasheng Group
  12. LG
  13. Panduit
  14. Molex
  15. Woer
  16. Thermosleeve USA
  17. Shrinkflex
  18. Salipt
  19. Yun Lin Electronic
  20. Zeus
  21. Huaxiong Plastic

Global Heat Shrink Tube Market Overview

Highlights of The Heat Shrink Tube Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. PET
    2. ABS
    3. EVA
    4. PVC
  1. By Application:

    1. 3
    2. Insulation Protection
    3. Rust and Corrosion
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Heat Shrink 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Heat Shrink Tube Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Heat Shrink Tube is a type of tubing made from a metal or plastic that shrinks when heated. This makes it ideal for use in applications where space is at a premium, such as in electronic equipment and medical devices.

Some of the major players in the heat shrink 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 shrink tube market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Heat Shrink Tube Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Heat Shrink Tube Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Heat Shrink Tube Market - Supply Chain
   4.5. Global Heat Shrink Tube Market Forecast
      4.5.1. Heat Shrink Tube Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Heat Shrink Tube Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Heat Shrink Tube Market Absolute $ Opportunity

5. Global Heat Shrink Tube Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Heat Shrink Tube Market Size and Volume Forecast by Type
      5.3.1. PET
      5.3.2. ABS
      5.3.3. EVA
      5.3.4. PVC
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Heat Shrink Tube Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Heat Shrink Tube Market Size and Volume Forecast by Application
      6.3.1. 3
      6.3.2. Insulation Protection
      6.3.3. Rust and Corrosion
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Heat Shrink Tube Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Heat Shrink Tube Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Heat Shrink Tube Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Heat Shrink Tube Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Heat Shrink Tube Demand Share Forecast, 2019-2029

9. North America Heat Shrink Tube Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Heat Shrink Tube Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Heat Shrink Tube Market Size and Volume Forecast by Application
      9.4.1. 3
      9.4.2. Insulation Protection
      9.4.3. Rust and Corrosion
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Heat Shrink Tube Market Size and Volume Forecast by Type
      9.7.1. PET
      9.7.2. ABS
      9.7.3. EVA
      9.7.4. PVC
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Heat Shrink Tube Demand Share Forecast, 2019-2029

10. Latin America Heat Shrink Tube Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Heat Shrink Tube Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Heat Shrink Tube Market Size and Volume Forecast by Application
      10.4.1. 3
      10.4.2. Insulation Protection
      10.4.3. Rust and Corrosion
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Heat Shrink Tube Market Size and Volume Forecast by Type
      10.7.1. PET
      10.7.2. ABS
      10.7.3. EVA
      10.7.4. PVC
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Heat Shrink Tube Demand Share Forecast, 2019-2029

11. Europe Heat Shrink Tube Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Heat Shrink Tube Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Heat Shrink Tube Market Size and Volume Forecast by Application
      11.4.1. 3
      11.4.2. Insulation Protection
      11.4.3. Rust and Corrosion
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Heat Shrink Tube Market Size and Volume Forecast by Type
      11.7.1. PET
      11.7.2. ABS
      11.7.3. EVA
      11.7.4. PVC
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projection by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Heat Shrink Tube Demand Share, 2019-2029

12. Asia Pacific Heat Shrink Tube Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Heat Shrink Tube Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Heat Shrink Tube Market Size and Volume Forecast by Application
      12.4.1. 3
      12.4.2. Insulation Protection
      12.4.3. Rust and Corrosion
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Heat Shrink Tube Market Size and Volume Forecast by Type
      12.7.1. PET
      12.7.2. ABS
      12.7.3. EVA
      12.7.4. PVC
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Heat Shrink Tube Demand Share, 2019-2029

13. Middle East & Africa Heat Shrink Tube Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Heat Shrink Tube Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Heat Shrink Tube Market Size and Volume Forecast by Application
      13.4.1. 3
      13.4.2. Insulation Protection
      13.4.3. Rust and Corrosion
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Heat Shrink Tube Market Size and Volume Forecast by Type
      13.7.1. PET
      13.7.2. ABS
      13.7.3. EVA
      13.7.4. PVC
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Heat Shrink Tube Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Heat Shrink Tube Market: Market Share Analysis
   14.2. Heat Shrink Tube Distributors and Customers
   14.3. Heat Shrink Tube Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. TE Connectivity Overview Financials Developments Strategic Outlook
      14.4.2. Sumitomo Electric Overview Financials Developments Strategic Outlook
      14.4.3. DSG-Canus Overview Financials Developments Strategic Outlook
      14.4.4. 3M Overview Financials Developments Strategic Outlook
      14.4.5. Changyuan Group Overview Financials Developments Strategic Outlook
      14.4.6. HellermannTyton Overview Financials Developments Strategic Outlook
      14.4.7. CIAC Overview Financials Developments Strategic Outlook
      14.4.8. Qualtek Overview Financials Developments Strategic Outlook
      14.4.9. Alpha Wire Overview Financials Developments Strategic Outlook
      14.4.10. Insultab Overview Financials Developments Strategic Outlook
      14.4.11. Dasheng Group Overview Financials Developments Strategic Outlook
      14.4.12. LG Overview Financials Developments Strategic Outlook
      14.4.13. Panduit Overview Financials Developments Strategic Outlook
      14.4.14. Molex Overview Financials Developments Strategic Outlook
      14.4.15. Woer Overview Financials Developments Strategic Outlook
      14.4.16. Thermosleeve USA Overview Financials Developments Strategic Outlook
      14.4.17. Shrinkflex Overview Financials Developments Strategic Outlook
      14.4.18. Salipt Overview Financials Developments Strategic Outlook
      14.4.19. Yun Lin Electronic Overview Financials Developments Strategic Outlook
      14.4.20. Zeus Overview Financials Developments Strategic Outlook

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