열수축 튜브 시장 예측(-2030년) : 제품 유형별, 재료별, 정격전압별, 수축률별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Heat-Shrink Tubing Market is accounted for $2.5 billion in 2024 and is expected to reach $3.7 billion by 2030 growing at a CAGR of 6.8% during the forecast period. Heat-shrink tubing is a versatile plastic sleeve that contracts when exposed to heat. It's commonly used in electrical and electronic applications for insulation, protection, and organization of wires and cables. When heated, the tubing shrinks to form a tight, protective layer around the enclosed components, providing strain relief, abrasion resistance, and environmental protection. It also helps with color-coding and labeling. Heat-shrink tubing is available in various materials to suit different applications in industries.

According to a report by the World Bank, global infrastructure investment is expected to reach $9.4 trillion annually by 2030. This significant investment in infrastructure projects, including power grids and telecommunications networks, will drive the demand for heat-shrink tubing for cable protection and insulation.

Market Dynamics:

Driver:

Growing infrastructure investment

Growing infrastructure investment drives the heat-shrink tubing market by increasing the demand for electrical and electronic components that require insulation and protection. As infrastructure projects expand, especially in emerging economies, the need for reliable and durable wiring solutions rises. Heat-shrink tubing is essential in safeguarding electrical connections, enhancing system longevity, and ensuring safety, thus boosting its market growth.

Restraint:

Fluctuating raw material prices

Fluctuating raw material prices act as a restraint in the heat-shrink tubing market by creating cost unpredictability for manufacturers. The primary materials, such as polyolefin and fluoropolymers, experience price volatility due to supply chain disruptions and varying crude oil prices. This impacts production costs and profit margins, potentially leading to higher product prices and reduced market competitivenes.

Opportunity:

Development of new materials

Innovations in polymer science are leading to the creation of more durable, flexible, and environmentally friendly materials. These advancements can result in heat-shrink tubing with enhanced properties such as higher temperature resistance, better chemical resistance, and improved electrical insulation. The introduction of bio-based and recyclable materials aligns with growing sustainability trends, potentially opening new market segments and applications for heat-shrink tubing products.

Threat:

Counterfeiting

Counterfeiting poses a serious threat to the heat-shrink tubing market. The presence of low-quality, fake products can undermine consumer trust and damage brand reputation. These counterfeit products often fail to meet safety standards and performance requirements, potentially leading to equipment failures or safety hazards. This threat not only impacts market leaders' revenue but also raises concerns about product reliability in critical applications.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the heat-shrink tubing market due to supply chain interruptions and reduced industrial activity. However, the increased focus on healthcare infrastructure and the surge in demand for electronic devices for remote work and communication have partially offset these negative impacts. The pandemic has also accelerated the adoption of automation and digitalization across industries, potentially driving long-term growth in the market.

The polyolefin segment is expected to be the largest during the forecast period

The Polyolefin segment is expected to dominate the heat-shrink tubing market due to its widespread use in various applications. Polyolefin tubing is favored for its excellent electrical insulation properties, chemical resistance, and cost-effectiveness. Its versatility makes it suitable for automotive, electrical, and consumer electronics industries. The segment's extensive use in insulating cables, wires, and connectors drives its substantial market share.

The automotive segment is expected to have the highest CAGR during the forecast period

The Automotive segment is projected to experience the highest growth in the heat-shrink tubing market due to the increasing demand for advanced wiring solutions in vehicles. Heat-shrink tubing is crucial for protecting and insulating automotive electrical systems, ensuring safety and reliability. The growing adoption of electric vehicles (EVs) and the integration of sophisticated electronic components further drive the demand, boosting the segment's growth.

Region with largest share:

The Asia Pacific region is positioned to dominate the Heat-Shrink Tubing Market. This dominance is attributed to rapid industrialization, extensive infrastructure development, and the presence of major manufacturing hubs in countries like China and India. The region's booming automotive and electronics industries, coupled with significant investments in power generation and distribution networks, drive substantial demand for heat-shrink tubing. Government initiatives promoting energy efficiency and renewable energy projects further contribute to market growth, solidifying Asia Pacific's position as the largest market for heat-shrink tubing products.

Region with highest CAGR:

The Asia Pacific region anticipates rapid growth in the Heat-Shrink Tubing Market. This high growth rate is fueled by ongoing urbanization, increasing electricity consumption, and the expansion of telecommunications networks across developing economies. The region's fast-growing automotive sector, particularly in electric vehicle production, is creating new opportunities for heat-shrink tubing applications. Additionally, the shift towards high-tech manufacturing and the adoption of Industry 4.0 practices are driving demand for advanced wire and cable protection solutions, contributing to the region's accelerated market growth.

Key players in the market

Some of the key players in Heat-Shrink Tubing market include TE Connectivity, Sumitomo Electric Industries, 3M Company, HellermannTyton, Alpha Wire, Panduit, Qualtek Electronics Corp., Zeus Industrial Products, Insultab, DSG-Canusa, Koch Industries, Changyuan Group Limited, Woer, Lubrizol Corporation, Wuxi Dr. Heat Shrink Tubing Co., Ltd., SAB S.p.A., Dasheng Heat Shrinkable Material Co., Ltd., and Nexans.

Key Developments:

In March 2024, Sumitomo Electric Industries, Ltd. presents the achievement of new silica glass optical fiber with an ultra-low loss of 0.1397 dB/km. This work has been accepted as a regular paper at the Optical Fiber Communication Conference (OFC) 2024 to be held in San Diego.

In January 2024, Panduit, a global leader in innovative electrical and network infrastructure solutions, announces it has successfully complied and received certification for its cable cleats in accordance with the recently published technical standard by the Canadian Standards Association (CSA). CSA C22.2 No.61914:23 Cable Cleats for Electrical Installations, was published in early October 2023. This achievement underscores the company's ongoing dedication to providing cutting-edge, safe, and reliable solutions to meet the ever-evolving demands of the industry.

In June 2022, Zeus, the global leader in advanced polymer solutions, announced a multi-million dollar investment to expand its catheter manufacturing capacity worldwide. The first phase of the expansion program is already underway at the company's San Jose location in California. This initial project will significantly extend the facility's footprint to increase catheter-based design and manufacturing capacity.

Product Types Covered:

• Spools
• Pre-Cut Length
• Other Product Types

Types Covered:

• Single Wall
• Dual Wall

Materials Covered:

• Polyolefin
• Polytetrafluoroethylene (PTFE)
• Fluorinated Ethylene Propylene (FEP)
• Perfluoroalkoxy Alkane (PFA)
• Polyvinylidene Fluoride (PVDF)
• Polyether Ether Ketone (PEEK)
• Other Materials

Voltage Ratings Covered:

• Low Voltage
• Medium Voltage
• High Voltage

Shrink Ratios Covered:

• 2:1 Shrink Ratio
• 3:1 Shrink Ratio
• 4:1 Shrink Ratio
• Other Shrink Ratios

Applications Covered:

• Electrical Insulation and Protection
• Mechanical Protection and Strain Relief
• Cable Bundling and Identification
• Environmental Sealing and Corrosion Protection
• Other Applications

End Users Covered:

• Energy and Utilities
• Aerospace and Defense
• Automotive
• Chemical
• Construction
• Electrical and Electronics
• Food and Beverage
• Healthcare
• Oil and Gas
• Telecommunications
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Heat-Shrink Tubing Market, By Product Type

• 5.1 Introduction
• 5.2 Spools
• 5.3 Pre-Cut Length
• 5.4 Other Product Types

6 Global Heat-Shrink Tubing Market, By Type

• 6.1 Introduction
• 6.2 Single Wall
• 6.3 Dual Wall

7 Global Heat-Shrink Tubing Market, By Material

• 7.1 Introduction
• 7.2 Polyolefin
• 7.3 Polytetrafluoroethylene (PTFE)
• 7.4 Fluorinated Ethylene Propylene (FEP)
• 7.5 Perfluoroalkoxy Alkane (PFA)
• 7.6 Polyvinylidene Fluoride (PVDF)
• 7.7 Polyether Ether Ketone (PEEK)
• 7.8 Other Materials

8 Global Heat-Shrink Tubing Market, By Voltage Rating

• 8.1 Introduction
• 8.2 Low Voltage
• 8.3 Medium Voltage
• 8.4 High Voltage

9 Global Heat-Shrink Tubing Market, By Shrink Ratio

• 9.1 Introduction
• 9.2 2:1 Shrink Ratio
• 9.3 3:1 Shrink Ratio
• 9.4 4:1 Shrink Ratio
• 9.5 Other Shrink Ratios

10 Global Heat-Shrink Tubing Market, By Application

• 10.1 Introduction
• 10.2 Electrical Insulation and Protection
• 10.3 Mechanical Protection and Strain Relief
• 10.4 Cable Bundling and Identification
• 10.5 Environmental Sealing and Corrosion Protection
• 10.6 Other Applications

11 Global Heat-Shrink Tubing Market, By End User

• 11.1 Introduction
• 11.2 Energy and Utilities
• 11.3 Aerospace and Defense
• 11.4 Automotive
• 11.5 Chemical
• 11.6 Construction
• 11.7 Electrical and Electronics
• 11.8 Food and Beverage
• 11.9 Healthcare
• 11.10 Oil and Gas
• 11.11 Telecommunications
• 11.12 Other End Users

12 Global Heat-Shrink Tubing Market, By Geography

• 12.1 Introduction
• 12.2 North America
  • 12.2.1 US
  • 12.2.2 Canada
  • 12.2.3 Mexico
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 Italy
  • 12.3.4 France
  • 12.3.5 Spain
  • 12.3.6 Rest of Europe
• 12.4 Asia Pacific
  • 12.4.1 Japan
  • 12.4.2 China
  • 12.4.3 India
  • 12.4.4 Australia
  • 12.4.5 New Zealand
  • 12.4.6 South Korea
  • 12.4.7 Rest of Asia Pacific
• 12.5 South America
  • 12.5.1 Argentina
  • 12.5.2 Brazil
  • 12.5.3 Chile
  • 12.5.4 Rest of South America
• 12.6 Middle East & Africa
  • 12.6.1 Saudi Arabia
  • 12.6.2 UAE
  • 12.6.3 Qatar
  • 12.6.4 South Africa
  • 12.6.5 Rest of Middle East & Africa

13 Key Developments

• 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 13.2 Acquisitions & Mergers
• 13.3 New Product Launch
• 13.4 Expansions
• 13.5 Other Key Strategies

14 Company Profiling

• 14.1 TE Connectivity
• 14.2 Sumitomo Electric Industries
• 14.3 3M Company
• 14.4 HellermannTyton
• 14.5 Alpha Wire
• 14.6 Panduit
• 14.7 Qualtek Electronics Corp.
• 14.8 Zeus Industrial Products
• 14.9 Insultab
• 14.10 DSG-Canusa
• 14.11 Koch Industries
• 14.12 Changyuan Group Limited
• 14.13 Woer
• 14.14 Lubrizol Corporation
• 14.15 Wuxi Dr. Heat Shrink Tubing Co., Ltd.
• 14.16 SAB S.p.A.
• 14.17 Dasheng Heat Shrinkable Material Co., Ltd.
• 14.18 Nexans