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, 2020 | Chemical & Materials | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.