The heat shrink tubing and sleeves market size has grown strongly in recent years. It will grow from $2.1 billion in 2024 to $2.23 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to electronics industry demand, industrial applications, miniaturization in electronics, market competition and innovation, customization and versatility.
The heat shrink tubing and sleeves market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to industry-specific demand, miniaturization in electronics, global market expansion, demand for customization, rapid industrialization. Major trends in the forecast period include market competition and innovation, customization and versatility, miniaturization trends, environmental and safety regulations, wire and cable protection.
The heat shrink tubing and sleeves market are expected to experience growth due to the increasing demand for electrical and electronics products. This category includes devices and systems utilizing electricity and electronic components. The heightened demand for various electrical and electronic products, such as wires, cables, connectors, and electronic components, necessitates effective insulation provided by heat shrink tubing and sleeves. These materials protect wires and cables from environmental factors such as moisture, chemicals, and abrasion. In 2022, the United Nations COMTRADE database reported that exports of electrical and electronic equipment in the US reached $197.75 billion, showing a 7% increase from $185 billion in 2021. Thus, the growing demand for electrical and electronics products is a key driver for the heat shrink tubing and sleeves market.
The heat shrink tubing and sleeves market are also anticipated to grow due to the increasing demand in household appliances. Household appliances encompass various mechanical or electrical devices used in homes for specific activities. Heat shrink tubing and sleeves play a crucial role in ensuring the safety, reliability, and longevity of household appliances by providing protection and organization for internal components. According to Trend Economy, between 2021 and 2022, sales of washing machines capable of both washing and drying increased by 15.7% in the USA. This surge in demand for household appliances contributes to the growth of the heat shrink tubing and sleeves market.
Technological advancements and innovation are emerging as a significant trend in the heat-shrink tubing and sleeves market. Companies in this sector are utilizing advanced technologies, such as polyetheretherketone (PEEK) extrusion compounds, to enhance thermal stability, chemical resistance, and overall product performance, addressing the growing demands from various industries, including aerospace, automotive, and telecommunications. For example, in May 2023, Solvay, a chemical company based in Belgium, introduced KetaSpire KT-857, a new PEEK extrusion compound. This product is engineered to provide exceptional thermal stability and superior chemical resistance, making it suitable for challenging applications in industries like aerospace, automotive, and telecommunications. This innovative compound improves the performance of heat-shrink tubing and sleeves by ensuring durability and reliability even under extreme conditions.
Major companies in the heat shrink tubing and sleeves market are focusing on introducing innovative products to drive market revenues. These materials, known for their excellent insulating, protecting, and sealing properties, are made from thermoplastic substances that shrink when exposed to heat. For example, in October 2023, Junkosha Inc., a Japan-based company specializing in advanced medical and industrial technologies, launched FEP peelable heat shrink tubing (PHST). This large-size PHST solution expands the applications for peelable heat shrink solutions, facilitating intricate build processes for large diameter constructs more efficiently.
In June 2024, LAPP Tannehill, a U.S.-based provider of wire, cable, and connectivity solutions, formed a partnership with DSG-Canusa to enhance heat shrink tubing solutions. This collaboration seeks to broaden the availability of heat shrink tubing products and improve application support for customers across various industries. By leveraging DSG-Canusa’s expertise alongside LAPP Tannehill’s distribution network, the partnership aims to enhance product availability and provide technical guidance. DSG-Canusa is a Germany-based company specializing in heat-shrink tubing, cold-applied products, and application equipment.
Major companies operating in the heat shrink tubing and sleeves market include HellermannTyton, Molex LLC, Panduit Corp., Shrink Sleeves Ltd., TE Connectivity Inc., ABB Ltd., 3M Company, Wurth Elektonik Company, Techflex Inc., Artilabo International BV, Gremtek SAS, Pexco LLC, DSG-Canusa GmbH, Don-Polymer Ltd., Essentra plc, Zeus Industrial Products Inc., Changyuan Group Ltd., CIAC Corp., Qualtek Electronics Corp., Alpha Wire Company, Sumitomo Electric Industries Ltd., Woer Heat-Shrinkable Material Co. Ltd., Insultab Inc., Yamaichi Electronics Co. Ltd., Cygia Group, Dasheng Heat Shrinkable Material Co. Ltd., SAB North America LLC, Adtech Polymer Engineering Ltd., Amphenol PCD Inc., Carlisle Interconnect Technologies, Covalence Adhesives Corp., Fujikura Ltd.
North America was the largest region in heat shrink tubing and sleeves market in 2024. The regions covered in the heat shrink tubing and sleeves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heat shrink tubing and sleeves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Heat shrink tubing and sleeves are products crafted from heat-shrinkable materials, serving the purpose of insulating, safeguarding, and organizing electrical wires, cables, and components. These products undergo a reduction in size when exposed to heat, ensuring a snug and secure fit around the items they encase.
The primary categories of heat-shrink tubing and sleeves include tubes, sleeves, and other accessories. Tubes are cylindrical structures with an empty interior, commonly utilized for transporting fluids, gases, providing structural support, or housing various components. They are manufactured using materials such as polyolefin (POE), polyether ether ketone (PEEK), ethylene tetrafluoroethylene (ETFE), ethylene vinyl acetate (EVA), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), perfluoroalkoxy alkane (PFA), and other materials. These materials are available in different lengths, including spool, standard (1.2 meters), non-standard cut pieces, and custom lengths. Heat-shrink tubing and sleeves are distributed through various sales channels, including original equipment manufacturers (OEM) and the aftermarket. They find application in diverse industries such as automotive, aerospace, railways, telecommunications, energy, electrical engineering goods and components, home appliances, defense and armaments, among others.
The heat shrink tubing and sleeves market research report is one of a series of new reports that provides heat shrink tubing and sleeves market statistics, including heat shrink tubing and sleeves industry global market size, regional shares, competitors with a heat shrink tubing and sleeves market share, detailed heat shrink tubing and sleeves market segments, market trends and opportunities, and any further data you may need to thrive in the heat shrink tubing and sleeves industry. This heat shrink tubing and sleeves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The heat-shrinking tubing and sleeves market consists of sales of dual wall tubing, single wall tubing, and heat shrink kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The heat shrink tubing and sleeves market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to industry-specific demand, miniaturization in electronics, global market expansion, demand for customization, rapid industrialization. Major trends in the forecast period include market competition and innovation, customization and versatility, miniaturization trends, environmental and safety regulations, wire and cable protection.
The heat shrink tubing and sleeves market are expected to experience growth due to the increasing demand for electrical and electronics products. This category includes devices and systems utilizing electricity and electronic components. The heightened demand for various electrical and electronic products, such as wires, cables, connectors, and electronic components, necessitates effective insulation provided by heat shrink tubing and sleeves. These materials protect wires and cables from environmental factors such as moisture, chemicals, and abrasion. In 2022, the United Nations COMTRADE database reported that exports of electrical and electronic equipment in the US reached $197.75 billion, showing a 7% increase from $185 billion in 2021. Thus, the growing demand for electrical and electronics products is a key driver for the heat shrink tubing and sleeves market.
The heat shrink tubing and sleeves market are also anticipated to grow due to the increasing demand in household appliances. Household appliances encompass various mechanical or electrical devices used in homes for specific activities. Heat shrink tubing and sleeves play a crucial role in ensuring the safety, reliability, and longevity of household appliances by providing protection and organization for internal components. According to Trend Economy, between 2021 and 2022, sales of washing machines capable of both washing and drying increased by 15.7% in the USA. This surge in demand for household appliances contributes to the growth of the heat shrink tubing and sleeves market.
Technological advancements and innovation are emerging as a significant trend in the heat-shrink tubing and sleeves market. Companies in this sector are utilizing advanced technologies, such as polyetheretherketone (PEEK) extrusion compounds, to enhance thermal stability, chemical resistance, and overall product performance, addressing the growing demands from various industries, including aerospace, automotive, and telecommunications. For example, in May 2023, Solvay, a chemical company based in Belgium, introduced KetaSpire KT-857, a new PEEK extrusion compound. This product is engineered to provide exceptional thermal stability and superior chemical resistance, making it suitable for challenging applications in industries like aerospace, automotive, and telecommunications. This innovative compound improves the performance of heat-shrink tubing and sleeves by ensuring durability and reliability even under extreme conditions.
Major companies in the heat shrink tubing and sleeves market are focusing on introducing innovative products to drive market revenues. These materials, known for their excellent insulating, protecting, and sealing properties, are made from thermoplastic substances that shrink when exposed to heat. For example, in October 2023, Junkosha Inc., a Japan-based company specializing in advanced medical and industrial technologies, launched FEP peelable heat shrink tubing (PHST). This large-size PHST solution expands the applications for peelable heat shrink solutions, facilitating intricate build processes for large diameter constructs more efficiently.
In June 2024, LAPP Tannehill, a U.S.-based provider of wire, cable, and connectivity solutions, formed a partnership with DSG-Canusa to enhance heat shrink tubing solutions. This collaboration seeks to broaden the availability of heat shrink tubing products and improve application support for customers across various industries. By leveraging DSG-Canusa’s expertise alongside LAPP Tannehill’s distribution network, the partnership aims to enhance product availability and provide technical guidance. DSG-Canusa is a Germany-based company specializing in heat-shrink tubing, cold-applied products, and application equipment.
Major companies operating in the heat shrink tubing and sleeves market include HellermannTyton, Molex LLC, Panduit Corp., Shrink Sleeves Ltd., TE Connectivity Inc., ABB Ltd., 3M Company, Wurth Elektonik Company, Techflex Inc., Artilabo International BV, Gremtek SAS, Pexco LLC, DSG-Canusa GmbH, Don-Polymer Ltd., Essentra plc, Zeus Industrial Products Inc., Changyuan Group Ltd., CIAC Corp., Qualtek Electronics Corp., Alpha Wire Company, Sumitomo Electric Industries Ltd., Woer Heat-Shrinkable Material Co. Ltd., Insultab Inc., Yamaichi Electronics Co. Ltd., Cygia Group, Dasheng Heat Shrinkable Material Co. Ltd., SAB North America LLC, Adtech Polymer Engineering Ltd., Amphenol PCD Inc., Carlisle Interconnect Technologies, Covalence Adhesives Corp., Fujikura Ltd.
North America was the largest region in heat shrink tubing and sleeves market in 2024. The regions covered in the heat shrink tubing and sleeves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heat shrink tubing and sleeves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Heat shrink tubing and sleeves are products crafted from heat-shrinkable materials, serving the purpose of insulating, safeguarding, and organizing electrical wires, cables, and components. These products undergo a reduction in size when exposed to heat, ensuring a snug and secure fit around the items they encase.
The primary categories of heat-shrink tubing and sleeves include tubes, sleeves, and other accessories. Tubes are cylindrical structures with an empty interior, commonly utilized for transporting fluids, gases, providing structural support, or housing various components. They are manufactured using materials such as polyolefin (POE), polyether ether ketone (PEEK), ethylene tetrafluoroethylene (ETFE), ethylene vinyl acetate (EVA), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), perfluoroalkoxy alkane (PFA), and other materials. These materials are available in different lengths, including spool, standard (1.2 meters), non-standard cut pieces, and custom lengths. Heat-shrink tubing and sleeves are distributed through various sales channels, including original equipment manufacturers (OEM) and the aftermarket. They find application in diverse industries such as automotive, aerospace, railways, telecommunications, energy, electrical engineering goods and components, home appliances, defense and armaments, among others.
The heat shrink tubing and sleeves market research report is one of a series of new reports that provides heat shrink tubing and sleeves market statistics, including heat shrink tubing and sleeves industry global market size, regional shares, competitors with a heat shrink tubing and sleeves market share, detailed heat shrink tubing and sleeves market segments, market trends and opportunities, and any further data you may need to thrive in the heat shrink tubing and sleeves industry. This heat shrink tubing and sleeves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The heat-shrinking tubing and sleeves market consists of sales of dual wall tubing, single wall tubing, and heat shrink kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Heat Shrink Tubing and Sleeves Market Characteristics3. Heat Shrink Tubing and Sleeves Market Trends and Strategies4. Heat Shrink Tubing and Sleeves Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Heat Shrink Tubing and Sleeves Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Heat Shrink Tubing and Sleeves Market34. Recent Developments in the Heat Shrink Tubing and Sleeves Market
5. Global Heat Shrink Tubing and Sleeves Growth Analysis and Strategic Analysis Framework
6. Heat Shrink Tubing and Sleeves Market Segmentation
7. Heat Shrink Tubing and Sleeves Market Regional and Country Analysis
8. Asia-Pacific Heat Shrink Tubing and Sleeves Market
9. China Heat Shrink Tubing and Sleeves Market
10. India Heat Shrink Tubing and Sleeves Market
11. Japan Heat Shrink Tubing and Sleeves Market
12. Australia Heat Shrink Tubing and Sleeves Market
13. Indonesia Heat Shrink Tubing and Sleeves Market
14. South Korea Heat Shrink Tubing and Sleeves Market
15. Western Europe Heat Shrink Tubing and Sleeves Market
16. UK Heat Shrink Tubing and Sleeves Market
17. Germany Heat Shrink Tubing and Sleeves Market
18. France Heat Shrink Tubing and Sleeves Market
19. Italy Heat Shrink Tubing and Sleeves Market
20. Spain Heat Shrink Tubing and Sleeves Market
21. Eastern Europe Heat Shrink Tubing and Sleeves Market
22. Russia Heat Shrink Tubing and Sleeves Market
23. North America Heat Shrink Tubing and Sleeves Market
24. USA Heat Shrink Tubing and Sleeves Market
25. Canada Heat Shrink Tubing and Sleeves Market
26. South America Heat Shrink Tubing and Sleeves Market
27. Brazil Heat Shrink Tubing and Sleeves Market
28. Middle East Heat Shrink Tubing and Sleeves Market
29. Africa Heat Shrink Tubing and Sleeves Market
30. Heat Shrink Tubing and Sleeves Market Competitive Landscape and Company Profiles
31. Heat Shrink Tubing and Sleeves Market Other Major and Innovative Companies
35. Heat Shrink Tubing and Sleeves Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Heat Shrink Tubing and Sleeves Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on heat shrink tubing and sleeves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for heat shrink tubing and sleeves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heat shrink tubing and sleeves market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Tubes; Sleeves; Other Accessories2) By Material Type: Polyolefin (POE); Polyether Ether Ketone (PEEK); Ethylene Tetrafluoroethylene (ETFE); Ethylene Vinyl Acetate (EVA); Polytetrafluoroethylene (PTFE); Fluorinated Ethylene Propylene (FEP); Perfluoroalkoxy Alkane (PFA); Other Materials
3) By Length: Spool; Standard (1.2 Meter); Non-Standard Cut Pieces; Custom
4) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
5) By Applications: Automotive; Aerospace; Railways; Telecommunication; Energy; Electrical Engineering Goods and Components; Home Appliances; Defense and Armaments; Other Applications
Subsegments:
1) By Tubes: Polyolefin Heat Shrink Tubes; PVC Heat Shrink Tubes; Fluoropolymer Heat Shrink Tubes2) By Sleeves: Adhesive-Lined Heat Shrink Sleeves; Non-Adhesive Heat Shrink Sleeves
3) By Other Accessories: End Caps; Heat Shrink Connectors; Heat Shrink Boots
Key Companies Mentioned: HellermannTyton; Molex LLC; Panduit Corp.; Shrink Sleeves Ltd.; TE Connectivity Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- HellermannTyton
- Molex LLC
- Panduit Corp.
- Shrink Sleeves Ltd.
- TE Connectivity Inc.
- ABB Ltd.
- 3M Company
- Wurth Elektonik Company
- Techflex Inc.
- Artilabo International BV
- Gremtek SAS
- Pexco LLC
- DSG-Canusa GmbH
- Don-Polymer Ltd.
- Essentra plc
- Zeus Industrial Products Inc.
- Changyuan Group Ltd.
- CIAC Corp.
- Qualtek Electronics Corp.
- Alpha Wire Company
- Sumitomo Electric Industries Ltd.
- Woer Heat-Shrinkable Material Co. Ltd.
- Insultab Inc.
- Yamaichi Electronics Co. Ltd.
- Cygia Group
- Dasheng Heat Shrinkable Material Co. Ltd.
- SAB North America LLC
- Adtech Polymer Engineering Ltd.
- Amphenol PCD Inc.
- Carlisle Interconnect Technologies
- Covalence Adhesives Corp.
- Fujikura Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.23 Billion |
| Forecasted Market Value ( USD | $ 2.9 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
