- In October 2024, Junkosha, a materials specialist and leader in peelable heat shrink tubing (PHST) technology, introduced six new sizes of its 1.8:1 shrink ratio Translucent PHST solution. This addition provides an expanded range of sizes, both small and large, and reflects Junkosha's dedication to delivering innovative, customer-focused solutions in the medical device industry
- In July 2024, Cortec launched the VpCI-126 Shrink Film, a product combining advanced film technology with effective corrosion protection. Designed to prevent rust, tarnish, stains, white rust, and oxidation on various metals, this shrink film offers up to five years of protection and simplifies product sealing processes
- In February 2024, Medical Extrusion Technologies (MET) launched over thirty sizes of FEP heat shrink tubing for the medical device sector on the Chamfr.com platform. MET’s FEP Heat Shrink is designed to provide controlled elongational growth after recovery, with 2%-5% elongation versus the standard 10%, catering specifically to R&D needs in medical device development
- In April 2023, TE Connectivity introduced its new EV Single Wall (EVSW) tubing, designed specifically for high-voltage applications to provide electrical insulation and protection for conductive components and cables. This product, a single-wall tube, focuses on safeguarding high-voltage components in electric vehicles. By offering this innovative solution, the company aims to diversify its product portfolio and address the unique challenges associated with EV applications
- In April 2021, 3M introduced new silicone adhesives to improve medical devices for individuals with fragile skin, reinforcing its commitment to innovative, patient-centered healthcare solutions
Frequently Asked Questions
The market is segmented based on Segmentation, By 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)– Industry Trends and Forecast to 2031
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The Global Heat Shrink Tubing Market size was valued at USD 2.05 USD Billion in 2023.
The Global Heat Shrink Tubing Market is projected to grow at a CAGR of 6.1% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
