Global Heat Shrinkable Tube Market Growth 2025-2031

Global Heat Shrinkable Tube Market Growth 2025-2031

The global Heat Shrinkable Tube market size is predicted to grow from US$ 4960 million in 2025 to US$ 5342 million in 2031; it is expected to grow at a CAGR of 1.2% from 2025 to 2031.

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.

Global Heat Shrinkable Tube key players include TE Connectivity, Sumitomo Electric, DSG-Canus, etc. Global top three manufacturers hold a share over 25%.

North America is the largest market, with a share about 30%, followed by Europe, and China, both have a share over 40 percent.

In terms of product, Polyolefin Type is the largest segment, with a share over 45%. And in terms of application, the largest application is Wire and Cable, followed by Automotive, etc.

LP Information, Inc. (LPI) ' newest research report, the “Heat Shrinkable Tube Industry Forecast” looks at past sales and reviews total world Heat Shrinkable Tube sales in 2024, providing a comprehensive analysis by region and market sector of projected Heat Shrinkable Tube sales for 2025 through 2031. With Heat Shrinkable Tube sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Shrinkable Tube industry.

This Insight Report provides a comprehensive analysis of the global Heat Shrinkable Tube landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Shrinkable Tube portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heat Shrinkable Tube market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Shrinkable Tube and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Shrinkable Tube.

This report presents a comprehensive overview, market shares, and growth opportunities of Heat Shrinkable Tube market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Polyolefin Heat Shrinkable Tube
Fluoropolymer Heat Shrinkable Tube
Chlorinated Polyolefin Heat Shrinkable Tube
Others

Segmentation by Application:
Wire and Cable
Automotive
Appliances
Electronic Equipment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heat Shrinkable Tube market?

What factors are driving Heat Shrinkable Tube market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heat Shrinkable Tube market opportunities vary by end market size?

How does Heat Shrinkable Tube break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.