The Global Heat Shrink Tubing Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.7% in the forecast period of 2021 to 2028 and is expected to reach USD 2,730.98 million by 2028. The growing role of government in support and expansion of transmission & distribution system across the region is expected to drive the growth of the global heat shrink tubing market.
This Heat Shrink Tubing Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Heat Shrink Tubing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Heat Shrink Tubing Market Analysis:
Growing technological advancement in wire harnessing and production with advanced infrastructure technology is further expected to augment the growth of the global heat shrink tubing market. Rising government regulation on emission of toxic gases is expected to restraint the growth of the global heat shrink tubing market. The automating of heat shrink tubing is expected to provide ample opportunities across different applications for the growth of the global heat shrink tubing market. The rising prices of copper, silver and raw materials are expected to pose a challenge for the global heat shrink tubing market.
Top Leading Key Players of Heat Shrink Tubing Market:
- Sumitomo Electric Industries, Ltd.
- TE Connectivity
- Alpha Wire
- Changchun IAC Technology Co., Ltd.
- Zeus Industrial Products, Inc.
- Thermosleeve USA
- Techflex, Inc.
- Dasheng Group
- Prysmian Group
- Shenzhen Woer Heat – Shrinkable Material Co., Ltd.
- Qualtek Electronics Corp.
- Assembly Fasteners, Inc.
- Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
- GREMCO GmbH
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Heat Shrink Tubing Market Scope and Market Size
The heat shrink tubing market is segmented on the basis of type, product type, material, voltage, shrink ratio and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the heat shrink tubing market is segmented into single wall and dual wall. In 2021, the single wall segment holds the largest market share in the type segment as it offers superior insulation strain relief and protection against mechanical damage and abrasion versus taping and molding.
- On the basis of product type, the heat shrink tubing market is segmented into spools, pre-cut lengths and others. In 2021, spools segment dominate the overall market with maximum market share owing to their extra insulation adhesive feature.
- On the basis of material, the heat shrink tubing market is segmented into polyolefin, per fluoroalkoxy alkane (PFA), poly tetra fluoro ethylene (PTFE), ethylene tetra fluoro ethylene (ETFE), fluorinated ethylene propylene (FEP), polyether ether ketone (PEEK) and others. In 2021, the polyolefin segment holds the highest market share as it has excellent physical, chemical and electrical characteristics and is resistant to abrasion and flame.
- On the basis of voltage, the heat shrink tubing market is segmented into low, medium and high. In 2021, low voltage augments the market with the largest market share owing to its increase in the utilization of heat shrink tubing, mainly for sealing cables and insulation.
- On the basis of shrink ratio, the heat shrink tubing market is segmented into 2:1, 3:1, 4:1 and 6:1. In 2021, the 2:1 segment accounts for the highest market share due to faster shrink time, minimizing the installation time and potential damage to heat-sensitive components.
- On the basis of end-user, the heat shrink tubing market is segmented into food & beverage, automotive, utilities, chemical, pharmaceuticals, electronics, IT and telecommunication, aerospace, oil and gas, construction, marine and others. In 2021, the utilities segment dominates the overall market with maximum market share due to the need of protecting the wires and cable from harmful environmental components.
Heat Shrink Tubing Market Country Level Analysis
The countries covered in the Heat Shrink Tubing Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the Heat Shrink Tubing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-heat-shrink-tubing-market
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