Heat Shrink Sleeve Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Heat Shrink Sleeve Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : September, 2021 | Chemical & Materials

Report Digest


Heat Shrink Sleeve Market: Introduction

Heat shrink sleeves are shrinkable plastic tubes that shrink radially when exposed to heat. These have a wide variety of applications such as for providing insulation, abrasion resistivity and environmental protection for standard wire connections. Also, these tubes are used for restoring the insulation of wires or bundle of multi-wires. Poly-olefins such as polyethylene or polypropylene are most commonly used for producing heat shrink sleeve as these have excellent physical and chemical properties. Advancement in technology for formulating heat shrink sleeves such as innovative methods of cross-linking polyolefin and new-generation adhesives that are designed to provide performance under more-demanding pipeline condition are providing an uplift to the market. Global heat shrink sleeve market is anticipated to grow in line with global GDP over the forecast period (2020-2030).

Heat Shrink Sleeve Market: Market Dynamics

The key driving force of the heat shrink sleeve market is its usage in power generation sector. Due to the numerous power projects that are undertaken by several countries, the market for heat shrink sleeve will rise substantially in the coming years. For instance, large scale power generation projects such as Patratu Super Thermal Power Project – 4000MW (May 2018), Shandong Shenglu Coal-Fired Power Project (2016), Fujian Luoyuanwan Power Project (2015), Baihetan Hydropower Station (2013), etc. has been launched. Also, heat shrink sleeve market is expected to escalate swiftly due to its use in various industries such as pipeline, paper, textile, packaging, and electronics industries worldwide. However, on overheating, the heat shrink sleeves release hazardous thermal decomposition and combustion byproducts which is unfavorable for the environment. Also, availability of alternative products such as paper (up to certain temperature) is gaining more attention across the buyers as it is environment-friendly. Hence, the above mentioned reasons along with the non-biodegradable nature of sleeves tend to impede the market growth over the long term forecast.

Heat Shrink Sleeve Market: Segmentations

Based on the materials, the Heat Shrink Sleeve market is segmented as

  • Polyolefin
  • Fluoropolymer
    • FEP (Fluorinated Ethylene Propylene)
    • PTFE (Polytetrafluoroethylene)
  • PVC (Polyvinyl Chloride)
  • Neoprene
  • Silicon Elastomer or Viton
  • Others

Based on end-use industry, the Heat Shrink Sleeve is segmented as:

  • Pipeline
  • Pulp and Paper
  • Textile
  • Packaging
  • Electrical & Electronics
  • Others

Heat Shrink Sleeve Market: Regional Outlook

The global Heat Shrink Sleeve market is divided into six regions including Latin America, North America, South Asia & Oceania, Europe, East Asia and MEA. East Asia accounts for over one-third of the global heat-shrink sleeve market owing to extensive electrical and electronics industry in the region. Moreover, countries like China are inclining towards developing advanced products to gain an advantage and has launched numerous power generation projects. Hence, forecast to witness a high growth by 2029 end. Europe and North America, on the other hand, have a mature heat shrink sleeve market showcasing a moderate growth over a forecast period. However, South Asia & Oceania and Latin America are anticipated to witness notable growth in coming years as the manufacturers are shifting towards low cost manufacturing countries and emerging countries such as Brazil, India, and Indonesia. Middle East & Africa offers great potential for heat shrink sleeve market growth owing to launch of new industrial projects in the region.

Heat Shrink Sleeve Market: Prominent Players

Prominent players for the global Heat Shrink Sleeve market are Raychem Corporation, Domadia (Dali Electronics), Nordson Medical, Sumitomo Electric, Alpha Wire, 3M, ZEUS, Qualtek, TE Connectivity, Thermosleeve, Guanghai Materials, Simaltia Corporation etc.  Heat Shrink Sleeve market consists of numerous global and regional players with the global manufacturers dominating the market.

The research report presents a comprehensive assessment of the heat shrink sleeve market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The heat shrink sleeve market report provides analysis and information, according to market segments such as geographies, application and industry.

Heat Shrink Sleeve Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Heat shrink sleeve report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. Heat shrink sleeve report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. Heat shrink sleeve report also maps the qualitative impact of various market factors on market segments and geographies.

Heat Shrink Sleeve Market Report Highlights:

  • A Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?