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Heat-Shrink Tubing Market by Voltage (Low, Medium, and High), Material (Polyolefin, Polytetrafluoroethylene, Fluorinated Ethylene Propylene), End-User (Utilities, Chemical, Automotive, Food & Beverage), Region - Global Forecast to 2024

Heat-Shrink Tubing Market by Voltage (Low, Medium, and High), Material (Polyolefin, Polytetrafluoroethylene, Fluorinated Ethylene Propylene), End-User (Utilities, Chemical, Automotive, Food & Beverage), Region - Global Forecast to 2024

“The global heat-shrink tubing market is projected to grow at a CAGR of 5.3% from 2019 to 2024”
The global heat-shrink tubing market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. This growth can be attributed to factors such as government initiatives to expand and upgrade T&D systems and increasing power generation capacities.

“The polyolefin segment is expected to be the largest heat-shrink tubing market, by material, during the forecast period”
The polyolefin segment is expected to be the largest heat-shrink tubing market, by material, during the forecast period. Polyolefin is the most used material for heat-shrinkable tubes. It forms a dense network of high molecular weight, which improves impact strength, Environmental Stress Crack Resistance (ESCR), and creep and abrasion resistance without influencing the tensile strength and density. It finds a wide application in packaging and electrical insulation industries for mechanical and environmental protection. The major end-users of polyolefin heat-shrink tubing are aerospace, military, and telecommunications.

The low voltage segment is expected to be the fastest growing heat-shrink tubing market, by voltage, during the forecast period
The low voltage segment is estimated to be the fastest growing heat-shrink tubing market, by voltage, during the forecast period. Massive T&D network expansions and increasing urbanization and industrialization projects in China and India are the main reasons for the growth of the low voltage heat-shrink tubing market.

“Asia Pacific: The largest heat-shrink tubing market”
Asia Pacific is projected to be the largest heat-shrink tubing market by 2024. China, India, and Japan, among the major countries, are the leading users of heat-shrink tubing. Over the past few years, the Asia Pacific region has witnessed rapid economic development. The growing demand for electricity is expected to lead to the need to replace the aging power transmission infrastructure and an increase in the demand for equipment such as low, medium, and high-power cables, thus driving the demand for heat-shrink tubing. The governments of Asia Pacific countries are planning to develop more electrical grid and power generation capacities, which would further boost the demand for heat-shrink tubing in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–60%, Tier II–20%, and Tier III–20%
By Designation: C-Level–55%, Director Level–30%, and Others–15%
By Region: North America–16%, Europe–21%, Asia Pacific–26%, South America–11%, and the Middle East & Africa–26%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.

The global heat-shrink tubing market is dominated by a few major players that have a wide regional presence. The leading players in the heat-shrink tubing market are 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), Insultab (US), Dasheng Heat Shrinkable Material (China), and Changchun Heat Shrinkable Materials (China).

Research Coverage:
The report defines, describes, and forecasts the global heat-shrink tubing market by voltage, material, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the heat-shrink tubing market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • SCOPE
    • MARKET SIZE ESTIMATION
      • DEMAND-SIDE ANALYSIS
        • Table ANNUAL ADDITIONS IN TRANSMISSION LINES & DISTRIBUTION LINES AND INVESTMENTS IN MAJOR END-USER INDUSTRIES ARE THE DETERMINING FACTORS FOR THE GLOBAL HEAT-SHRINK TUBING MARKET
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table HEAT-SHRINK TUBING MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE HEAT-SHRINK TUBING MARKET
    • HEAT-SHRINK TUBING MARKET, BY VOLTAGE
    • HEAT-SHRINK TUBING MARKET, BY MATERIAL
    • HEAT-SHRINK TUBING MARKET, BY END-USER
    • HEAT-SHRINK TUBING MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL T&D INFRASTRUCTURE EXPANSION PLANS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • HEAT-SHRINK TUBING MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION)
    • LOW VOLTAGE
      • GROWING USAGE OF HEAT-SHRINKABLE TUBES FOR INSULATION AND SEALING CABLES IS EXPECTED TO FOSTER THEIR DEMAND
        • Table LOW VOLTAGE: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • MEDIUM VOLTAGE
      • USE OF HEAT-SHRINK TUBES FOR INSULATION PURPOSES IN TERMINATIONS AND JOINTS IS LIKELY TO FUEL THE MARKET
        • Table MEDIUM VOLTAGE: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • HIGH VOLTAGE
      • HIGH DEMAND FOR HEAT-SHRINKABLE TUBES FOR IMPROVING LONG-DISTANCE T&D INFRASTRUCTURE IS LIKELY TO BOOST THE MARKET
        • Table HIGH VOLTAGE: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • HEAT-SHRINK TUBING MARKET, BY MATERIAL
    • INTRODUCTION
      • Table HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
    • POLYOLEFIN
      • FLAME-RETARDANT PROPERTY OF POLYOLEFIN HEAT-SHRINK TUBING ARE EXPECTED TO FOSTER ITS DEMAND
        • Table POLYOLEFIN: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • POLYTETRAFLUOROETHYLENE (PTFE)
      • GROWING USAGE OF PTFE HEAT-SHRINKABLE TUBE IN MEDICAL EQUIPMENT IS LIKELY TO FOSTER THE MARKET
        • Table POLYTETRAFLUOROETHYLENE (PTFE): HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • FLUORINATED ETHYLENE PROPYLENE (FEP)
      • HIGH DEMAND FOR FEP HEAT-SHRINKABLE TUBE IN FOOD & BEVERAGE INDUSTRY IS LIKELY TO FOSTER THE MARKET
        • Table FLUORINATED ETHYLENE PROPYLENE (FEP): HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • PERFLUOROALKOXY ALKANE (PFA)
      • HIGH-TEMPERATURE RESISTANT PROPERTY OF PFA IS LIKELY TO FOSTER ITS DEMAND IN THE HEAT-SHRINK TUBING MARKET
        • Table PERFLUOROALKOXY ALKANE (PFA): HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • ETHYLENE TETRAFLUOROETHYLENE (ETFE)
      • ABRASION AND CRUSH-RESISTANCE PROPERTY OF ETFE AND ITS LOW COST ARE LIKELY TO BOOST ITS DEMAND
        • Table ETHYLENE TETRAFLUOROETHYLENE (ETFE): HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • HEAT-SHRINK TUBING MARKET, BY END-USER
    • INTRODUCTION
      • Table HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
    • UTILITIES
      • PROTECTION FOR WIRES & CABLES AGAINST HARMFUL ENVIRONMENTAL ELEMENTS AND INVESTMENTS IN THE T&D INFRASTRUCTURE ARE EXPECTED TO DRIVE THE MARKET
        • Table UTILITIES: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • AUTOMOTIVE
      • GOVERNMENT REGULATIONS MANDATING THE USE OF BIODEGRADABLE AUTOMOTIVE COMPONENTS AND INCREASING INVESTMENTS IN THE AUTOMOTIVE SECTOR ARE LIKELY TO DRIVE THE MARKET
        • Table AUTOMOTIVE: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • FOOD & BEVERAGE
      • USAGE OF HEAT-SHRINKABLE TUBES FOR FUNGUS, MOISTURE, AND UV RESISTANCE TO MAINTAIN HIGH-QUALITY MATERIALS IS LIKELY TO FOSTER THE MARKET
        • Table FOOD & BEVERAGE: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • CHEMICAL
      • INCREASING DEMAND FOR THIN, HIGHLY ABRASIVE, AND CHEMICALLY RESILIENT TUBINGS IN THE CHEMICAL INDUSTRY IS LIKELY TO BOOST THE MARKET
        • Table CHEMICAL: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • HEAT-SHRINK TUBING MARKET, BY REGION
    • INTRODUCTION
      • Table HEAT-SHRINK TUBING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • ASIA PACIFIC
      • BY VOLTAGE
        • Table ASIA PACIFIC: HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION)
      • BY MATERIAL
        • Table ASIA PACIFIC: HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: HEAT-SHRINK TUBING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table CHINA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
        • Table INDIA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
        • Table JAPAN: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
        • Table SOUTH KOREA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table AUSTRALIA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table REST OF ASIA PACIFIC: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
    • NORTH AMERICA
      • BY VOLTAGE
        • Table NORTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION)
      • BY MATERIAL
        • Table NORTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table US: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
        • Table CANADA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table MEXICO: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
    • EUROPE
      • BY VOLTAGE
        • Table EUROPE: HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION)
      • BY MATERIAL
        • Table EUROPE: HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD THOUSAND)
      • BY END-USER
        • Table EUROPE: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: HEAT-SHRINK TUBING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table GERMANY: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table RUSSIA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table UK: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table FRANCE: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table ITALY: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table REST OF EUROPE: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
    • SOUTH AMERICA
      • BY VOLTAGE
        • Table SOUTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD THOUSAND)
      • BY MATERIAL
        • Table SOUTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD THOUSAND)
      • BY END-USER
        • Table SOUTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
      • BY COUNTRY
        • Table SOUTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table BRAZIL: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table ARGENTINA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table VENEZUELA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table REST OF SOUTH AMERICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
    • MIDDLE EAST & AFRICA
      • BY VOLTAGE
        • Table MIDDLE EAST & AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION)
      • BY MATERIAL
        • Table MIDDLE EAST & AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table SOUTH AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table SAUDI ARABIA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table UAE: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
        • Table REST OF MIDDLE EAST & AFRICA: HEAT-SHRINK TUBING MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016–APRIL 2019
      • NEW PRODUCT LAUNCHES
      • CONTRACTS & AGREEMENTS
      • INVESTMENTS & EXPANSIONS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
  • COMPANY PROFILE
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • 3M
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TE CONNECTIVITY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUMITOMO ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HELLERMANNTYTON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALPHA WIRE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • QUALTEK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • INSULTAB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WOER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • GUANGHAI MATERIALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CHANGCHUN HEAT SHRINKABLE MATERIALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • DASHENG HEAT SHRINKABLE MATERIAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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