Global heat shrink tubing market is projected to register with a CAGR of 6.1% from 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period from 2023 to 2030.
Market Segmentation:
Global Heat Shrink Tubing Market, By Type (Single Wall and Dual Wall), Product Type (Spools, Pre-Cut Length, and Others), Voltage (Low, Medium, and High), Shrink Ratio (2:01, 3:01, 4:01, 6:01, and Others), Material (Polyolefin, Perfluoroalkoxy Alkanes (PFA), Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Ethylene Tetrafluoroethylene (ETFE), Polyetheretherketone (PEEK), and Others), End-User (Utilities, IT & Telecommunication, Automotive, Electronics, Aerospace, Healthcare, Oil & Gas, Marine, Food & Beverages, Construction, Chemical, and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America), Industry Trends and Forecast to 2030.
Overview of Global Heat Shrink Tubing Market Dynamics:
Driver
Rising usage of the product with advanced infrastructure and technology is raising the growth
Restraint
Production challenges in least developed countries
Opportunity
Wide adoption of heat shrink tube in various industry
Market Players
Some of the major players operating in the global heat shrink tubing market are:
TE Connectivity
Sumitomo Electric Industries, Ltd.
Molex
ABB
Prysmian Group
Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
HellermannTyton
Zeus Company Inc.
SHAWCOR
3M
Alpha Wire
Techflex, Inc.
Panduit
Qualtek Electronics Corp.
Changyuan Electronics (Dongguan) Co., Ltd.
GREMCO GmbH
TABLE OF CONTENTS
1 INTRODUCTION 28
1.1 OBJECTIVES OF THE STUDY 28
1.2 MARKET DEFINITION 28
1.3 OVERVIEW OF THE GLOBAL HEAT SHRINK TUBING MARKET 28
1.4 CURRENCY AND PRICING 30
1.5 LIMITATIONS 30
1.6 MARKETS COVERED 30
2 MARKET SEGMENTATION 34
2.1 MARKETS COVERED 34
2.2 GEOGRAPHICAL SCOPE 35
2.3 YEARS CONSIDERED FOR THE STUDY 36
2.4 DBMR TRIPOD DATA VALIDATION MODEL 37
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 40
2.6 DBMR MARKET POSITION GRID 41
2.7 VENDOR SHARE ANALYSIS 43
2.8 MULTIVARIATE MODELING 44
2.9 TYPE TIMELINE CURVE 45
2.10 MARKET END-USER COVERAGE GRID 46
2.11 SECONDARY SOURCES 47
2.12 ASSUMPTIONS 47
3 EXECUTIVE SUMMARY 48
4 PREMIUM INSIGHTS 51
5 MARKET OVERVIEW 54
5.1 DRIVERS 56
5.1.1 ROLE OF THE GOVERNMENT IN SUPPORTING AND EXPANSION OF TRANSMISSION & DISTRIBUTION SYSTEMS IN THE HEAT SHRINK TUBING MARKET ACROSS THE REGION 56
5.1.2 INCREASE IN THE CAPACITY FOR POWER GENERATION ACROSS THE GLOBE 57
5.1.3 RISING USAGE OF PRODUCTS WITH ADVANCED INFRASTRUCTURE AND TECHNOLOGY 59
5.1.4 INCREASING PENETRATION OF ELECTRIC VEHICLES 60
5.2 RESTRAINTS 62
5.2.1 GOVERNMENT REGULATION ON THE EMISSION OF TOXIC GASES 62
5.2.2 PRODUCTION CHALLENGES IN THE LEAST DEVELOPED COUNTRIES 63
5.2.3 INVOLVEMENT OF PLASTIC HAS A DIRECT IMPACT ON THE COST AS WELL AS THE ENVIRONMENT 64
5.3 OPPORTUNITIES 65
5.3.1 WIDE ADOPTION OF HEAT SHRINK TUBES IN VARIOUS INDUSTRIES 65
5.3.2 EASY PRODUCTION OF THE HEAT-SHRINKABLE TUBING 66
5.3.3 AUTOMATING A HEAT SHRINK TUBING PROCESS 67
5.4 CHALLENGES 68
5.4.1 RISING PRICES OF RAW MATERIALS FOR TUBING 68
5.4.2 POOR INSTALLATION OF HEAT-SHRINK TUBES 70
5.4.3 AVAILABILITY OF ALTERNATIVE AND INEXPENSIVE PRODUCTS IN THE MARKET 72
6 GLOBAL HEAT SHRINK TUBING MARKET, BY TYPE 74
6.1 OVERVIEW 75
6.2 SINGLE WALL 76
6.3 DUAL WALL 77
7 GLOBAL HEAT SHRINK TUBING MARKET, BY PRODUCT TYPE 78
7.1 OVERVIEW 79
7.2 SPOOLS 80
7.3 PRE-CUT LENGTH 81
7.4 OTHERS 82
8 GLOBAL HEAT SHRINK TUBING MARKET, BY VOLTAGE 83
8.1 OVERVIEW 84
8.2 LOW 85
8.3 MEDIUM 86
8.4 HIGH 87
9 GLOBAL HEAT SHRINK TUBING MARKET, BY MATERIAL 88
9.1 OVERVIEW 89
9.2 POLYOLEFIN 90
9.3 PERFLUOROALKOXY ALKANES (PFA) 91
9.4 POLYTETRAFLUOROETHYLENE (PTFE) 91
9.5 FLUORINATED ETHYLENE PROPYLENE (FEP) 92
9.6 ETHYLENE TETRAFLUOROETHYLENE (ETFE) 93
9.7 POLYETHER ETHER KETONE (PEEK) 93
9.8 OTHERS 94
10 GLOBAL HEAT SHRINK TUBING MARKET, BY SHRINK RATIO 95
10.1 OVERVIEW 96
10.2 2:01 97
10.3 3:01 98
10.4 4:01 98
10.5 6:01 99
10.6 OTHERS 100
11 GLOBAL HEAT SHRINK TUBING MARKET, BY END-USER 101
11.1 OVERVIEW 102
11.2 UTILITIES 104
11.3 IT AND TELECOMMUNICATION 104
11.4 AUTOMOTIVE 105
11.5 ELECTRONICS 106
11.5.1 COMMERCIAL/INDUSTRIAL 106
11.5.2 CONSUMER PRODUCT 106
11.6 AEROSPACE 107
11.7 HEALTHCARE 107
11.8 OIL AND GAS 108
11.9 MARINE 109
11.10 FOOD AND BEVERAGES 109
11.11 CONSTRUCTION 110
11.11.1 COMMERCIAL 111
11.11.2 RESIDENTIAL 111
11.12 CHEMICAL 111
11.13 OTHERS 112
12 GLOBAL HEAT SHRINK TUBING MARKET, BY REGION 113
12.1 OVERVIEW 114
12.2 ASIA-PACIFIC 119
12.2.1 CHINA 126
12.2.2 INDIA 129
12.2.3 JAPAN 132
12.2.4 SOUTH KOREA 135
12.2.5 AUSTRALIA 138
12.2.6 INDONESIA 141
12.2.7 MALAYSIA 144
12.2.8 THAILAND 147
12.2.9 SINGAPORE 150
12.2.10 PHILIPPINES 153
12.2.11 REST OF ASIA-PACIFIC 156
12.3 NORTH AMERICA 157
12.3.1 U.S. 164
12.3.2 CANADA 167
12.3.3 MEXICO 170
12.4 EUROPE 173
12.4.1 GERMANY 181
12.4.2 FRANCE 184
12.4.3 U.K. 187
12.4.4 ITALY 190
12.4.5 SPAIN 193
12.4.6 NETHERLANDS 196
12.4.7 BELGIUM 199
12.4.8 RUSSIA 202
12.4.9 SWITZERLAND 205
12.4.10 TURKEY 208
12.4.11 REST OF EUROPE 211
12.5 MIDDLE EAST AND AFRICA 212
12.5.1 SAUDI ARABIA 219
12.5.2 SOUTH AFRICA 222
12.5.3 U.A.E 225
12.5.4 EGYPT 228
12.5.5 ISRAEL 231
12.5.6 REST OF MIDDLE EAST AND AFRICA 234
12.6 SOUTH AMERICA 235
12.6.1 BRAZIL 242
12.6.2 ARGENTINA 245
12.6.3 REST OF SOUTH AMERICA 248
13 GLOBAL HEAT SHRINK TUBING MARKET: COMPANY LANDSCAPE 249
13.1 COMPANY SHARE ANALYSIS: GLOBAL 249
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 250
13.3 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 251
13.4 COMPANY SHARE ANALYSIS: EUROPE 252
14 SWOT ANALYSIS 253
15 COMPANY PROFILES 254
15.1 TE CONNECTIVITY 254
15.1.1 COMPANY SNAPSHOT 254
15.1.2 REVENUE ANALYSIS 254
15.1.3 COMPANY SHARE ANALYSIS 255
15.1.4 PRODUCT PORTFOLIO 255
15.1.5 RECENT DEVELOPMENTS 258
15.2 SUMITOMO ELECTRIC INDUSTRIES, LTD. 260
15.2.1 COMPANY SNAPSHOT 260
15.2.2 REVENUE ANALYSIS 260
15.2.3 COMPANY SHARE ANALYSIS 261
15.2.4 PRODUCT PORTFOLIO 261
15.2.5 RECENT DEVELOPMENTS 262
15.3 MOLEX 263
15.3.1 COMPANY SNAPSHOT 263
15.3.2 COMPANY SHARE ANALYSIS 263
15.3.3 PRODUCT PORTFOLIO 264
15.3.4 RECENT DEVELOPMENTS 265
15.4 ABB 266
15.4.1 COMPANY SNAPSHOT 266
15.4.2 REVENUE ANALYSIS 266
15.4.3 COMPANY SHARE ANALYSIS 267
15.4.4 PRODUCT PORTFOLIO 267
15.4.5 RECENT DEVELOPMENTS 272
15.5 PRYSMIAN GROUP 273
15.5.1 COMPANY SNAPSHOT 273
15.5.2 REVENUE ANALYSIS 273
15.5.3 COMPANY SHARE ANALYSIS 274
15.5.4 PRODUCT PORTFOLIO 274
15.5.5 RECENT DEVELOPMENTS 275
15.6 3M 276
15.6.1 COMPANY SNAPSHOT 276
15.6.2 REVENUE ANALYSIS 276
15.6.3 PRODUCT PORTFOLIO 277
15.6.4 RECENT DEVELOPMENTS 277
15.7 ALPHA WIRE 278
15.7.1 COMPANY SNAPSHOT 278
15.7.2 PRODUCT PORTFOLIO 278
15.7.3 RECENT DEVELOPMENTS 279
15.8 CHANGYUAN ELECTRONICS (DONGGUAN) CO., LTD. 280
15.8.1 COMPANY SNAPSHOT 280
15.8.2 PRODUCT PORTFOLIO 280
15.8.3 RECENT DEVELOPMENT 281
15.9 DASHENG GROUP 282
15.9.1 COMPANY SNAPSHOT 282
15.9.2 COMPANY PORTFOLIO 282
15.9.3 RECENT DEVELOPMENT 282
15.10 DUNBAR PRODUCTS, LLC. 283
15.10.1 COMPANY SNAPSHOT 283
15.10.2 PRODUCT PORTFOLIO 283
15.10.3 RECENT DEVELOPMENTS 284
15.11 GREMCO GMBH 285
15.11.1 COMPANY SNAPSHOT 285
15.11.2 PRODUCT PORTFOLIO 285
15.11.3 RECENT DEVELOPMENTS 287
15.12 HELLERMANNTYTON 288
15.12.1 COMPANY SNAPSHOT 288
15.12.2 PRODUCT PORTFOLIO 288
15.12.3 RECENT DEVELOPMENTS 290
15.13 HILLTOP 291
15.13.1 COMPANY SNAPSHOT 291
15.13.2 PRODUCT PORTFOLIO 291
15.13.3 RECENT DEVELOPMENTS 293
15.14 HUIZHOU GUANGHAI ELECTRONIC INSULATION MATERIALS CO., LTD. 294
15.14.1 COMPANY SNAPSHOT 294
15.14.2 PRODUCT PORTFOLIO 294
15.14.3 RECENT DEVELOPMENT 296
15.15 PANDUIT 297
15.15.1 COMPANY SNAPSHOT 297
15.15.2 PRODUCT PORTFOLIO 297
15.15.3 RECENT DEVELOPMENTS 298
15.16 PEXCO 299
15.16.1 COMPANY SNAPSHOT 299
15.16.2 PRODUCT PORTFOLIO 299
15.16.3 RECENT DEVELOPMENTS 300
15.17 QUALTEK ELECTRONICS CORP 302
15.17.1 COMPANY SNAPSHOT 302
15.17.2 PRODUCT PORTFOLIO 302
15.17.3 RECENT DEVELOPMENT 304
15.18 SHAWCOR 305
15.18.1 COMPANY SNAPSHOT 305
15.18.2 REVENUE ANALYSIS 305
15.18.3 PRODUCT PORTFOLIO 306
15.18.4 RECENT DEVELOPMENTS 307
15.19 SHENZHEN WOER HEAT - SHRINKABLE MATERIAL CO., LTD. 308
15.19.1 COMPANY SNAPSHOT 308
15.19.2 PRODUCT PORTFOLIO 308
15.19.3 RECENT DEVELOPMENTS 309
15.20 TECHFLEX, INC. 310
15.20.1 COMPANY SNAPSHOT 310
15.20.2 PRODUCT PORTFOLIO 310
15.20.3 RECENT DEVELOPMENT 311
15.21 THERMOSLEEVE USA 312
15.21.1 COMPANY SNAPSHOT 312
15.21.2 PRODUCT PORTFOLIO 312
15.21.3 RECENT DEVELOPMENTS 314
15.22 ZEUS INDUSTRIAL PRODUCTS, INC. 315
15.22.1 COMPANY SNAPSHOT 315
15.22.2 PRODUCT PORTFOLIO 315
15.22.3 RECENT DEVELOPMENTS 316
16 QUESTIONNAIRE 317
17 RELATED REPORTS 322