About Heat Shrink Tubing
Heat shrinkable tubing provides a barrier between corrosive chemicals and cables. It is also known as shrink tubing. It is available in various different types and sizes, as per the specific usage requirements of the customers. Some of the major advantages of using heat shrinkable tubing are protective sealant, insulation from heat and chemicals, extremely durable, easy identification, strain relief, tool grips, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the major players which are operating tin the market are The 3M Company (United States), Alpha Wire Corp. (United States), HellermannTyton Corp (United States), among others. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Heat Shrink Tubing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The 3M Company (United States), Alpha Wire Corp. (United States), HellermannTyton Corp (United States), Molex, LLC (United States), Panduit Corporation (United States), Qualtek USA, LLC (United States), TE Connectivity AMP Connectors (United States), Raychem-Rpg Pvt Ltd (India), The Hillman Group, Inc. (United States), Insultab, Inc. (United States) and Campbell (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Soly Incorporated. (China).
Segmentation Overview
AMA Research has segmented the market of Global Heat Shrink Tubing market by Type (Single wall Heat Shrink Tube, Dual Wall Heat Shrink Tube and Others) and Region.
On the basis of geography, the market of Heat Shrink Tubing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use , the sub-segment i.e. Optical Cable will boost the Heat Shrink Tubing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material , the sub-segment i.e. Polyvinyl chloride will boost the Heat Shrink Tubing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Food will boost the Heat Shrink Tubing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Global Power Generation Capacity Worldwide
Market Growth Drivers:
Increasing Demand for Superior Quality Wire and Cable Insulation and Growing Population and Urbanization across the globe
Challenges:
Availability of low-quality as well as inexpensive products in the gray market
Restraints:
Issue related to Government Regulations on the Emission of Toxic Gases
Opportunities:
Government Initiatives to Use Heat-Shrink Tubes in domestic as well as Industrial Application
Market Leaders and their expansionary development strategies
In November 2020, Superior Products announced an upgraded process and labeling system for flexible and rigid high pressure hoses. The new heat shrink tube label printed on the Cab Squix 4M printer includes part number and description, date of manufacture and a traceable lot number.
In February 2024, Junkosha launched Peelable Heat Shrink Tubing solution at MD&M West. Materials specialist and pioneer of FEP Peelable Heat Shrink Tubing (PHST), Junkosha, has unveiled its latest catheter-based innovation, the 1.8:1 shrink ratio Translucent PHST solution.
Key Target Audience
Raw Material Suppliers and Distributors, Heat Shrinkable Tubing Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.