Heat Shrink Tubing Market Report

Market Insights

Heat-Shrink Tubing Market is likely to witness an impressive CAGR of 5.8% during the forecast period. Various government drives to upgrade and expand the T&D systems and incessant developments in the global power generation capacity are the major factors expected to bolster the market during the forecast period.

Segment Analysis

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Heat-Shrink Tubing Market Share: By Voltage Type

Based on the voltage type, the market is segmented as low, medium, and high voltage. The low voltage segment is expected to dominate the market during the forecast period. This segment is essentially used in components for the distribution of electricity in the 1-1.1KV voltage range. The demand for heat-shrink tubing is fostered by the growing usage for insulation and sealing cables.

Heat-Shrink Tubing Market Share: By Material Type

Based on the material type, the market is segmented as polyolefin, polytetrafluoroethylene, fluorinated ethylene propylene, perfluoroalkoxy alkane, ethylene tetrafluoroethylene, and others. The polyolefin segment is estimated to hold the major share of the market during the forecast period as it generates more revenue than other materials. Polyolefins are impenetrable to flame and abrasion, and are highly flexible, and have great chemical, and electrical properties.

Heat-Shrink Tubing Market Share: By End-User Type

Based on the end-user type, the market is segmented as utilities, automotive, food & beverages, chemicals, and others. The market is driven by the need for the protection of wires and cables against deleterious environmental elements and increasing investments being made in transmission and distribution.

Heat-Shrink Tubing Market Share: By Region

In terms of regions, Asia-Pacific is estimated to lead the heat-shrink tubing market during the forecast period, owing to plans for electrification and increasing grid investment in countries, such as Vietnam, Indonesia, and the Philippines. The markets of India and China majorly attribute for the growth in electric grid investment and developing reliance on renewable sources of power generation, which are driving the growth of the market.

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Market Scope & Segmentation

Heat-Shrink Tubing is a plastic tube which helps in insulating wire and providing corrosion and environmental protection for stranded and solid wire conductors, joint terminals in electrical work. It helps in repairing the insulation on wires and also protects them from abrasion, and to create cable seals, offering environmental seals protection.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The heat-shrink tubing market is segmented into the following categories. 

Heat-Shrink Tubing Market Size, Share, & Forecast, by Voltage Type:

• Low (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• High (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Heat-Shrink Tubing Market Size, Share, & Forecast, by Material Type:

• Polyolefin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polytetrafluoroethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fluorinated Ethylene Propylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Perfluoroalkoxy Alkane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ethylene Tetrafluoroethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Heat-Shrink Tubing Market Size, Share, & Forecast, by End-User Type:

• Utilities (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Heat-Shrink Tubing Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major players in the heat-shrink tubing market are-

• TE Connectivity
• 3M
• Sumitomo Electric
• ABB
• HellermannTyton
• Alpha Wire
• Woer
• Qualtek
• Panduit
• Zeus
• Guanghai Materials
• Thermosleeve
• Insultab
• Dasheng Heat Shrinkable Material
• Changchun Heat Shrinkable Materials.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the voltage types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.