Global Heat Shrink Tubing Market by Voltage, Material, End User and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.
Heat shrink tubing is a type of plastic shrinkable tube, which actually shrinks when exposed to heat. Heat shrink tubing provides protection against corrosion, abrasion, cutting, and scuffing. This protection attributes makes the heat shrink tubing apt for areas exposed to moisture, dust, and chemicals. Heat shrink tubes are manufactured based on various different chemical compositions, but the manufacturing process mainly depends on the purpose the tubes will be serving. These tubes are generically manufactured from thermoplastics such as polyolefin and polyvinyl chloride. Typically, heat shrink tubes cover the area which needs to be protected. Subsequently, heat is applied externally. The tubes then shrink and turn into a fully fitted covering to protect the underlying surface. Thus, heat shrink tubes are used to protect cables and wires from damage such as corrosion and abrasion.
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This report on global heat shrink tubing market is a comprehensive study, which has been developed to serve as an aid for the players in making more informed choices. The report contains in-depth analysis of all the factors that are expected to influence the market during the forecast period, favourably or negatively, and also profiles some of the key companies currently active, for their market share, capacity, and margin.
Asia-Pacific is expected to grow at a significant rate. This growth is due to the application of heat shrink tubes in the household settings in the developing countries like India and China. Additionally, increasing initiatives taken by the government regarding propelling the usage of heat shrink tubes. These factors are expected to increase the growth rate of heat shrink tubing market over the coming years.
Various attributes of heat shrink tubing such as easier production process and increasing adaptability in various industries, heat shrink tubing market is witnessing an increase in the number of market players. Due to this, an increased level of competition can be seen among the players of the heat shrink tubing market.
Recent strategies adopted by the manufacturers have been of mergers, acquisition and partnerships. Market players are entering into mergers and partnerships gain an advantage over the others and to sustain for long in the heat shrink tubing market.
Key players operating in the market:
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).
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Key benefits of the report:
- This study presents the analytical depiction of the global heat shrink tubing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global heat shrink tubing market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the global heat shrink tubing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global heat shrink tubing market analysis depending on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
By Material
- Polyolefin
- Polytetrafluoroethylene
- Fluorinated Ethylene Propylene
- Perfluoroalkoxy Alkane
- Ethylene Tetrafluoroethylene
- Others
By End User
- Chemical
- Pharmaceutical
- Food and beverage
- Automotive
- Utilities
- Others
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA