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    Heat Shrink Tubing Market | Covid-19 Impact Analysis

    Heat Shrink Tubing Market | Covid-19 Impact Analysis

    Heat Shrink Tubing Market | Covid-19 Impact Analysis
    Report code - SRAM470 Delivery - 2 Weeks
    Heat-Shrink Tubing Market Size, Share, Trend, Forecast, & Industry Analysis – 20 See more...
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    Impact of COVID-19 on Heat Shrink Tubing Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Heat Shrink Tubing Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Heat-Shrink Tubing 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.

    Heat-Shrink Tubing Market - Snapshot

    Growth

    5.8% for the next five years

    Major End-User Type

    Utilities

    Major Material Type

    Polyolefin

    Major Voltage Type

    Low Voltage

    Region with the highest demand

    Asia-Pacific

    Key Players

    TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US).

     

    Market Share Analysis

    Heat-Shrink-Tubing-Market-Dominant-Segments

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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.

    Heat-Shrink-Tubing-Market-By-Region

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    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.

     

    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.

    Heat-Shrink Tubing Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    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)

     

    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 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

     

    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 [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Heat-Shrink Tubing Market in the foreseeable future?

    The heat-shrink tubing market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Who are the key players in the Heat-Shrink Tubing Market?

    TE Connectivity, 3M, Sumitomo Electric, ABB, HellermannTyton, Alpha Wire, Woer, Qualtek, Panduit, Zeus, Guanghai Materials, Thermosleeve, Insultab, Dasheng Heat Shrinkable Material, and Changchun Heat Shrinkable Materials are among the key players in the heat-shrink tubing market.

    Which country/region is expected to lead the Heat-Shrink Tubing Market?

    Asia-Pacific is expected to lead the heat-shrink tubing market during the next five years.

    Which voltage type is expected to remain dominant in the Heat-Shrink Tubing Market?

    The low voltage segment is expected to remain dominant voltage type in the heat-shrink tubing market in the coming years.

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