Report Code: A08986 | Pages: NA | Mar 2023 | 1498 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Heat Shrink Tubing Market
Request Now !Heat shrink tubing is a type of plastic shrinkable tube, which actually shrinks when exposed to heat. Heat shrink tubing provides protection against corrosion, abrasion, cutting, and scuffing. This protection attributes makes the heat shrink tubing apt for areas exposed to moisture, dust, and chemicals. Â Heat shrink tubes are manufactured based on various different chemical compositions, but the manufacturing process mainly depends on the purpose the tubes will be serving. These tubes are generically manufactured from thermoplastics such as polyolefin and polyvinyl chloride. Typically, heat shrink tubes cover the area which needs to be protected. Subsequently, heat is applied externally. The tubes then shrink and turn into a fully fitted covering to protect the underlying surface. Thus, heat shrink tubes are used to protect cables and wires from damage such as corrosion and abrasion.Â
COVID-19 impact:
For complex products or for delicate products, their packaging also gets complex in order to protect the inside materials. Recently, there has been a lot of focus which has been given to the packaging of the products. Also, there is a heavy associated cost with the packaging of products and the weight of the packaging materials play a role. These attributes to traditional packaging has promoted the growth of the heat shrink tubing market. Heat shrink tubing has now been preferred owing it its attributes such as low cost, easy availability and application under various verticals. It is extensively used in various industries such as pharmaceutical, food and beverage, electrical and electronic appliances among others. The heat shrink tubes are proven to be beneficial in electric appliance insulation of low voltage. This increasing usage of heat shrink tubes in the power generation industry is driving the demand for the heath shrink tubing market.
The usage of polyolefin materials in different applications such as manufacturing of aerospace components is likely boost the heat shrink tubing market over the coming years. Increasing usage of heat shrink tubing in the automobile sector is another market driver of the heat shrink tubing market. These tubes are used for the purpose of insulating the engine compartment. Additionally, increasing application of heat shrink tubing the food and beverages industry for packaging and for fire proofing the assets in the military sector is likely to propel the growth of the heat shrink tubing market.Â
Various attributes of heat shrink tubing such as easier production process and increasing adaptability in various industries, heat shrink tubing market is witnessing an increase in the number of market players. Due to this, an increased level of competition can be seen among the players of the heat shrink tubing market.
Recent strategies adopted by the manufacturers have been of mergers, acquisition and partnerships. Market players are entering into mergers and partnerships gain an advantage over the others and to sustain for long in the heat shrink tubing market.Â
Asia-Pacific is expected to grow at a significant rate. This growth is due to the application of heat shrink tubes in the household settings in the developing countries like India and China. Additionally, increasing initiatives taken by the government regarding propelling the usage of heat shrink tubes. These factors are expected to increase the growth rate of heat shrink tubing market over the coming years.
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Questions answered in the heat shrink tubing research report:
Heat Shrink Tubing Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Voltage |
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By Material |
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By End User |
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By Region |
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Key Market Players | TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US), Insultab (US). |
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