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.
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.
PET:
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:
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
PET, ABS, EVA, PVC
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
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:
Types
PET, ABS, EVA, PVC
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
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:
- 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 Shrink 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:
- PET
- ABS
- EVA
- PVC
- By Application:
- 3
- Insulation Protection
- Rust and Corrosion
- 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 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.
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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 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sumitomo Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DSG-Canus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Changyuan Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HellermannTyton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CIAC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Qualtek
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Alpha Wire
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Insultab
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dasheng Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Panduit
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Molex
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Woer
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thermosleeve USA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shrinkflex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Salipt
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Yun Lin Electronic
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zeus
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
