The Middle East and Africa heat shrink tubing market represents a dynamic industry characterized by the widespread adoption of heat shrink technology across diverse sectors. Heat shrink tubing, a flexible polymeric material that contracts when exposed to heat, finds extensive use in electrical insulation, cable bundling, and component protection applications. With evolving industrial needs, the Middle East and Africa heat shrink tubing market continues to witness innovation, product development, and strategic collaborations, reflecting a resilient and responsive industry catering to the unique demands of the region's diverse economies and sectors.
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Data Bridge Market Research analyses that the Middle East and Africa Heat Shrink Tubing Market is expected to grow at a CAGR of 4.9% in the forecast period of 2023 to 2030 and is expected to reach USD 198.59 million by 2030 from USD 135.44 million in 2022. Heat shrink tubing is vital in aerospace and defense due to its robust protective features in challenging environments. Offering resilience against extreme conditions, it ensures the integrity of critical components, making it indispensable for applications where durability and reliability are paramount.
Key Findings of the Study
An increase in the capacity for power generation is expected to drive the market's growth rate
Increasing power generation capacity prompts the use of heat shrink tubing, created through a two-step process involving standard extrusion and a confidential heat and force application. After expanding and cooling the tubing, it returns to its original size. Upgrading transmission lines and substations along existing corridors offers a cost-effective method for capacity enhancement. Existing lines may be reconducted using advanced materials such as composite conductors capable of carrying higher currents, supporting efficient power transmission.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single Wall and Dual Wall), Product Type (Spools, Pre-Cut Length, and Others), Voltage (Low, Medium, and High), Shrink Ratio (2:01, 3:01, 4:01, 6:01, and Others), Material (Polyolefin, Perfluoroalkoxy Alkanes (PFA), Polytetrafluoroethylene (PTFE), Ethylene Tetra Fluoro Ethylene (ETFE), Fluorinated Ethylene Propylene (FEP), Polyetheretherketone (PEEK) and Others), End User (Utilities, IT and Telecommunication, Automotive, Electronics, Aerospace, Healthcare, Oil and Gas, Marine, Food and Beverages, Construction, Chemical, and Others)
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Countries Covered
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Saudi Arabia, U.A.E., Egypt, South Africa, Israel, and the Rest of the Middle East and Africa
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Market Players Covered
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ABB (Switzerland), Sumitomo Electric Industries, Ltd. (Japan), TE Connectivity (Switzerland), Thermosleeve USA (U.S.), Techflex, Inc. (U.S.), Dasheng Group (China), Shenzhen Woer Heat - Shrinkable Material Co., Ltd.(China), Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.(China), Panduit (U.S.), HellermannTyton (Germany), Alpha Wire (U.S.), 3M (U.S.), SHAWCOR (Canada), Zeus Industrial Products, Inc. (U.S.), Molex (U.S.), PEXCO (U.S.), Prysmain Group (Italy), GREMCO GmbH (Germany), Qualtek Electronics Corp. (U.S.), Hilltop (U.K.), Dunbar Products, LLC. (U.S.), cygia, and Changyuan Electronics (Dongguan) Co., Ltd. (China) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Middle East and Africa heat shrink tubing market is segmented on the basis of type, product type, material, voltage, shrink ratio, and end user.
- On the basis of type, the Middle East and Africa heat shrink tubing market is segmented into single wall and dual wall
- On the basis of product type, the Middle East and Africa heat shrink tubing market is segmented into spools, pre-cut lengths, and others
- On the basis of voltage, the Middle East and Africa heat shrink tubing market is segmented into low, medium, and high
- On the basis of shrink ratio, the Middle East and Africa heat shrink tubing market is segmented into 2:01, 3:01, 4:01, 6:01, and others
- On the basis of material, the Middle East and Africa heat shrink tubing market is segmented into polyolefin, per fluoroalkoxy alkane (PFA), poly tetra fluoro ethylene (PTFE), ethylene tetra fluoro ethylene (ETFE), fluorinated ethylene propylene (FEP), polyether ether ketone (PEEK), and others
- On the basis of end user, the Middle East and Africa heat shrink tubing market is segmented into utilities, IT and telecommunication, automotive, electronics, aerospace, healthcare, oil and gas, marine, food and beverages, construction, chemical, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Middle East and Africa heat shrink tubing market players in Middle East and Africa heat shrink tubing market are Sumitomo Electric Industries, Ltd. (Japan), TE Connectivity (Switzerland), Thermosleeve USA (U.S.), Techflex, Inc. (U.S.), Dasheng Group (China), Shenzhen Woer Heat - Shrinkable Material Co., Ltd.(China)
Market Developments
- In April 2023, TE Connectivity introduced the EV Single Wall (EVSW) tubing tailored for high-voltage applications in electric vehicles. This single wall tube prioritizes electrical insulation and protection, enabling TE Connectivity to expand its product range and address unique challenges in the electric vehicle sector
- In February 2023, Molex's miniaturization report highlighted innovations in product design engineering and connectivity, boosting product effectiveness and safety. This development positively impacted Molex's product line, contributing to the growth of the Middle East and Africa heat shrink tubing market
- In December 2021, Sumitomo Electric Industries, Ltd. unveiled FEX Tape with remarkable wear resistance, marking a significant advancement. This innovation has strategically broadened Sumitomo's product portfolio, particularly supporting sales in heat shrink tubing technology. The enhanced product offering attracted new customers, fostering increased revenue growth for the company
- In September 2021, 3M and Luxshare Technology Co., Ltd., entered a patent license agreement, granting Luxshare access to 3M's Twin Axial Cable technology. This collaboration significantly bolstered Luxshare's financials, leaving a substantial imprint on the global heat shrink tubing market's growth
Regional Analysis
Geographically, the countries covered in the Middle East and Africa heat shrink tubing market report are Saudi Arabia, U.A.E., Egypt, South Africa, Israel, and the Rest of the Middle East and AfricaAs per Data Bridge Market Research analysis:
Saudi Arabia is the dominant region in the Middle East and Africa heat shrink tubing market during the forecast period 2023-2030
Saudi Arabia dominates the Middle East and Africa heat shrink tubing market, leveraging its advanced software sector. The Kingdom's robust software industry contributes to increased demand for heat shrink tubing, particularly in applications such as electronics, telecommunications, and industrial manufacturing. This dominance reflects Saudi Arabia's pivotal role in driving innovation and technology adoption within the region, solidifying its position as a key player in the heat shrink tubing market across the Middle East and Africa.
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