Global Polyester Heat Shrink Tubing Market Growth 2025-2031

The global Polyester Heat Shrink Tubing market size is predicted to grow from US$ 2261 million in 2025 to US$ 3267 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

Polyester heat shrink tubing is a premium high dielectric insulating material that provides a tight, smooth protective layer. Non-toxic and environmentally friendly, it will not cause harm to the human body and the environment.

The global market for heat shrinkable tubing is driven by a wide range of applications across various industrial verticals. Heat shrink tubing is used in a variety of applications, from sterilization protection and packaging to food packaging to laminating wire insulation. It is also used in several applications in the aerospace industry. Heat shrink tubing can be found in almost every space on the aircraft and can be associated with the EWIS components of the aircraft. Heat shrink tubing protects the wire repair from liquids and provides additional protection against abrasion. Demand for EVs will grow faster from 2021 due to increased investment in manufacturing plants, increased demand for low-emission vehicles, and increasing supportive regulations for zero-emission vehicles through subsidies and tax rebates. According to the Global Electric Vehicle Outlook, sales of electric vehicles (including pure electric vehicles and plug-in hybrid vehicles) accelerated to a new record of 6.6 million in 2021. The same report showed that electric vehicle sales in China will surge to 3.3 million in 2021, accounting for about half of the global total. EV sales in Europe also rose strongly by 65%, or 2.3 million, with sales in the US doubling to 630,000 in 2021. Rising demand for corded appliances along with the growing trend of electric vehicles is driving the heat shrink tubing market.

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

This Insight Report provides a comprehensive analysis of the global Polyester Heat Shrink Tubing 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 Polyester Heat Shrink Tubing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyester Heat Shrink Tubing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyester Heat Shrink Tubing 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 Polyester Heat Shrink Tubing.

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

Segmentation by Type:
Thin-Wall Type
Normal Type
Others

Segmentation by Application:
Wire & Cable
Electronic Equipment
Automotive
Medical
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
Alpha Wire
Hellermann Tyton
Qualtek
3M
SUMITOMO
DSG-Canusa
Brother
Insultab
Vinylguard
Thomas&Betts
Burndy
Nordson
WOER

Key Questions Addressed in this Report

What is the 10-year outlook for the global Polyester Heat Shrink Tubing market?

What factors are driving Polyester Heat Shrink Tubing market growth, globally and by region?

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

How do Polyester Heat Shrink Tubing market opportunities vary by end market size?

How does Polyester Heat Shrink Tubing break out by Type, by Application?

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