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Heat Shrink Tube Market Share

Report ID: GMI7498
Published Date: Nov 2023
Report Format: PDF

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Heat Shrink Tube Market Share

Major players operating in the heat shrink tube industry include:

3M
TE Connectivity
Sumitomo Electric Industries
HellermannTyton
Alpha Wire
Panduit
Zeus Industrial Products
Qualtek Electronics Corp.
Changyuan Group Limited
ABB Ltd.
Dasheng Heat Shrinkable Material Co., Ltd.
Woer Heat-Shrinkable Material Co., Ltd.
Insultab, Inc.
DSG-Canusa (Shawcor Ltd.)
Salipt Auto Parts Co., Ltd.

3M Company is an American multinational conglomerate corporation headquartered in Saint Paul, Minnesota. The company operates in diversified technology businesses, with a portfolio of over 60,000 products under several brands, including abrasives, adhesives, passive fire protection, laminates, personal protective equipment, etc.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of heat shrink tube was worth USD 1.99 million in 2022 and is expected to reach USD 3683.6 million by 2032, due to the increasing advances across the electronics and electrical sectors worldwide.

The polyolefin material segment of polyolefin heat shrink tube was crossed USD 867.6 million in 2022 and is expected to register appreciable CAGR from 2023 to 2032, due to versatile applications in various industries.

North America heat shrink tube market size recorded USD 801.1 million in 2022 and is expected to register commendable CAGR from 2023 to 2032, due to the developing automotive sector and continuous building of communications infrastructure in the region.

3M, TE Connectivity, Sumitomo Electric Industries, HellermannTyton, Alpha Wire, Panduit, Zeus Industrial Products, Qualtek Electronics Corp., Changyuan Group Limited, and ABB Ltd. are some of the major heat shrink tube companies worldwide.