The global Heat Shrinkable Tube market was valued at 451.92 Million USD in 2021 and will grow with a CAGR of 1.14% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Heat shrinkable tube is a shrinkable plastic tube used to insulate wires, providing abrasion resistance and environmental protection for stranded and solid wire conductors, connections, joints and terminals in electrical work. It can also be used to repair the insulation on wires or to bundle them together, to protect wires or small parts from minor abrasion, and to create cable entry seals, offering environmental sealing protection. Heat shrink tubing is ordinarily made of nylon or polyolefin, which shrinks radially (but not longitudinally) when heated, to between one-half and one-sixth of its diameter.Heat shrink tubing can be made of any one of a range of thermoplastics, including polyolefin, polyvinyl chloride (PVC), Viton® (for high-temp and corrosive environments), Neoprene®, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP) and Kynar®. In addition to these polymers, some types of special-application heat shrink can also include an adhesive lining that helps to bond the tubing to underlying cables and connectors, forming strong seals that can often be waterproof. Another material that is sometimes added to heat shrink tubing is conductive polymer thick film, which provides an electrical connection between the two or more conductive objects that are being joined by the tubing - without the need to solder them first. In consumption market, the growth rate of global consumption is smooth relatively with the 3-4% of average growth rate. China and USA are still the mainly consumption regions due to the advanced production technology and rapid development of economy. Heat shrinkable tubes are refers to different types. It can be widely used in many industries. Survey results showed that 56.02% of the heat shrinkable tube market is wire and cable, 21.68% is automotive industry, 11.18% is appliances industry, 5.70% is electronic equipment industry and 5.42% divided among other industries. With the development of economy, these industries will need more heat shrinkable tube. So, heat shrinkable tube has a huge market potential in the future. The major raw material for heat shrinkable tube is polymer. It can be made of any one of a range of thermoplastics, including polyolefin, polyvinyl chloride (PVC), Viton® (for high-temp and corrosive environments), Neoprene®, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP) and Kynar®. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of copper powder industry. We tend to believe this industry is an emerging industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

By Market Verdors:

TE Connectivity

Sumitomo Electric

DSG-Canus

3M

Changyuan Group

HellermannTyton

CIAC

Qualtek

Alpha Wire

Insultab

Dasheng Group

LG

Panduit

Molex

Woer

Thermosleeve USA

Shrinkflex

Salipt

Yun Lin Electronic

Zeus

Huaxiong Plastic

By Types:

Polyolefin Heat Shrinkable Tube

Fluoropolymer Heat Shrinkable Tube

Chlorinated Polyolefin Heat Shrinkable Tube

By Applications:

Wire and Cable

Automotive

Appliances

Electronic Equipment

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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