Heat-Shrink Tubing Market 2023 - By Size, Share, Industry Growth Analysis Report By 2032

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Heat-Shrink Tubing Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Heat-Shrink Tubing Market Segments
The Business Research Company segments its
Heat-Shrink Tubing market report as
Single Wall, Double Wall
By Type
Polyolefin, Polytetrafluoroethylene, Fluorinated
Ethylene Propylene, Perfluoroalkoxy Alkane,
Ethylene Tetrafluoroethylene, Other Materials
By Material
Low Voltage, Medium Voltage, High Voltage
By Voltage
Chemical, Pharmaceutical, Food And Beverage,
Automotive, Utilities, Other End-Users
By End-User
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Market Statistics
The global heat-shrink tubing market size is
expected to grow from 2.03 billion in 2022 to
2.14 billion in 2023 at a compound annual growth
rate (CAGR) of 5.4. The global heat-shrink
tubing market size is expected to reach 2.67
billion in 2027 at a CAGR of 5.8.
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Key Market Drivers And Trends
Drivers
A continuous increase in global power generation
capacity is expected to propel the growth of the
heat-shrink tubes market going forward.
Trends
Automation of heat shrink tubing is a key trend
gaining popularity in the heat shrinking tubing
market.
Region
North America was the largest region in the
heat-shrink tubing market in 2022. The regions
covered in this report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Key Market Players

• Major players in the Heat-Shrink Tubing market
  are
• ABB Ltd.
• 3M
• TE Connectivity
• Sumitomo Electric Industries Ltd.
• HellermannTyton
• And more.

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