Market Overview:
The global heat-shrinkable tubing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for heat-shrinkable tubing in various applications, such as wire and cable, automotive, appliances, electronic equipment, and other applications. In terms of type, the polyolefin heat-shrinkable tubing segment is expected to dominate the market during the forecast period. This can be attributed to its properties such as high resistance to chemicals and oils and low shrinkage temperature. In terms of region, North America is expected to lead the global heat-shrinkable tubing market during the forecast period.
Product Definition:
Heat-shrinkable tubing is a type of tubing that shrinks in size when heated. This type of tubing is often used to protect cables and wires from damage.
Polyolefin Heat-shrinkable Tubing:
Polyolefin (POF) heat-shrinkable tubing is a kind of extruded polyolefin film that can be heated to its melting point and then drawn into the desired size and shape. It has several advantages over other materials such as steel, copper or aluminum in terms of cost, weight, flexibility and durability.
Fluoropolymer Heat-shrinkable Tubing:
Fluoropolymer heat-shrinkable tubing is a kind of fluoropolymer resin-based flexible hose or tubing, which can be shrinked by heat. It has wide applications in the chemical industry, petrochemical industry and power generation industries. Fluoropolymer heat-shrinkable tubing is used for transporting fluids at high temperatures (up to 400°C).
Application Insights:
The wire and cable application segment led the global market in 2017. This can be attributed to its rising use in electrical and electronics applications, such as data cabling. Growing demand for high-speed data transfer services across the globe is also expected to boost product demand over the forecast period.
Heat-shrinkable tubing is used for manufacturing cables that are required to withstand high tension without suffering from stress or breaking down. These products help reduce installation time by half when compared with conventional methods of wire protection, which helps enhance their penetration in this application segment over the coming years.
Automotive was another prominent segment accounting for a significant share of revenue on account of its increasing use as an automotive component, especially during cold conditions when heat shrinkage occurs due to extreme temperature changes between day and night temperatures inside vehicles (vehicles being sold usually leave their factories with a set amount of shrinkage).
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from various application industries. The U.S., being a developed economy, witnessed high product demand from several major industries such as electrical and electronics, automotive, appliances and others.
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rapid industrialization along with increasing infrastructure activities in emerging economies of India and China. In addition, rising disposable income levels are anticipated to fuel product consumption across this region during the forecast period.
Europe accounted for more than 25% of global revenue share in 2017 on account of large consumer base for heat-shrinkable tubing products used across various applications such as wire and cable insulation; automobile interior; household appliances; etc.). Rapidly expanding manufacturing base for automobiles along with growing aerospace industry is also projected to drive growth over this region during future years (2030).
Growth Factors:
- Increasing demand for heat-shrinkable tubing from the automotive and electrical industries
- Growing popularity of heat-shrinkable tubing in medical applications
- Rising demand for lightweight and durable tubing products
- Technological advancements in the production of heat-shrinkable tubing products
- Growing awareness about the benefits of using heat-shrinkable tubing
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat-Shrinkable Tubing Market Research Report
By Type
Polyolefin Heat-shrinkable Tubing, Fluoropolymer Heat-shrinkable Tubing, Chlorinated Polyolefin Heat-shrinkable Tubing, Other Types
By Application
Wire and Cable, Automotive, Appliances, Electronic Equipment, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Heat-Shrinkable Tubing Market Report Segments:
The global Heat-Shrinkable Tubing market is segmented on the basis of:
Types
Polyolefin Heat-shrinkable Tubing, Fluoropolymer Heat-shrinkable Tubing, Chlorinated Polyolefin Heat-shrinkable Tubing, Other Types
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, 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-Shrinkable Tubing 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 Tubing
- Fluoropolymer Heat-shrinkable Tubing
- Chlorinated Polyolefin Heat-shrinkable Tubing
- Other Types
- By Application:
- Wire and Cable
- Automotive
- Appliances
- Electronic Equipment
- 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-Shrinkable Tubing 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 tubing is a type of tubing that can be shrunk by using heat. This allows the tubing to be fitted into smaller spaces, making it easier to install and use.
Some of the major companies in the heat-shrinkable tubing 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 tubing market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heat-Shrinkable Tubing 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-Shrinkable Tubing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heat-Shrinkable Tubing Market - Supply Chain
4.5. Global Heat-Shrinkable Tubing Market Forecast
4.5.1. Heat-Shrinkable Tubing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heat-Shrinkable Tubing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heat-Shrinkable Tubing Market Absolute $ Opportunity
5. Global Heat-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Type
5.3.1. Polyolefin Heat-shrinkable Tubing
5.3.2. Fluoropolymer Heat-shrinkable Tubing
5.3.3. Chlorinated Polyolefin Heat-shrinkable Tubing
5.3.4. Other Types
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heat-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
6.3.1. Wire and Cable
6.3.2. Automotive
6.3.3. Appliances
6.3.4. Electronic Equipment
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Demand Share Forecast, 2019-2026
9. North America Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
9.4.1. Wire and Cable
9.4.2. Automotive
9.4.3. Appliances
9.4.4. Electronic Equipment
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heat-Shrinkable Tubing Market Size and Volume Forecast by Type
9.7.1. Polyolefin Heat-shrinkable Tubing
9.7.2. Fluoropolymer Heat-shrinkable Tubing
9.7.3. Chlorinated Polyolefin Heat-shrinkable Tubing
9.7.4. Other Types
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-Shrinkable Tubing Demand Share Forecast, 2019-2026
10. Latin America Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
10.4.1. Wire and Cable
10.4.2. Automotive
10.4.3. Appliances
10.4.4. Electronic Equipment
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heat-Shrinkable Tubing Market Size and Volume Forecast by Type
10.7.1. Polyolefin Heat-shrinkable Tubing
10.7.2. Fluoropolymer Heat-shrinkable Tubing
10.7.3. Chlorinated Polyolefin Heat-shrinkable Tubing
10.7.4. Other Types
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-Shrinkable Tubing Demand Share Forecast, 2019-2026
11. Europe Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
11.4.1. Wire and Cable
11.4.2. Automotive
11.4.3. Appliances
11.4.4. Electronic Equipment
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heat-Shrinkable Tubing Market Size and Volume Forecast by Type
11.7.1. Polyolefin Heat-shrinkable Tubing
11.7.2. Fluoropolymer Het-shrinkable Tubing
11.7.3. Chlorinated Polyolefin Heat-shrinkable Tubing
11.7.4. Other Types
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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-Shrinkable Tubing Demand Share, 2019-2026
12. Asia Pacific Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
12.4.1. Wire and Cable
12.4.2. Automotive
12.4.3. Appliances
12.4.4. Electronic Equipment
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heat-Shrinkable Tubing Market Size and Volume Forecast by Type
12.7.1. Polyolefin Heat-shrinkable Tubing
12.7.2. Fluoropolymer Heat-shrinkable Tubing
12.7.3. Chlorinated Polyolefin Heat-shrinkable Tubing
12.7.4. Other Types
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-Shrinkable Tubing Demand Share, 2019-2026
13. Middle East & Africa Heat-Shrinkable Tubing 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-Shrinkable Tubing 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-Shrinkable Tubing Market Size and Volume Forecast by Application
13.4.1. Wire and Cable
13.4.2. Automotive
13.4.3. Appliances
13.4.4. Electronic Equipment
13.4.5. 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-Shrinkable Tubing Market Size and Volume Forecast by Type
13.7.1. Polyolefin Heat-shrinkable Tubing
13.7.2. Fluoropolymer Heat-shrinkable Tubing
13.7.3. Chlorinated Polyolefin Heat-shrinkable Tubing
13.7.4. Other Types
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-Shrinkable Tubing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heat-Shrinkable Tubing Market: Market Share Analysis
14.2. Heat-Shrinkable Tubing Distributors and Customers
14.3. Heat-Shrinkable Tubing 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
