Heat Shrink Tubing and Sleeves Market Report 2026

The heat shrink tubing and sleeves market size has grown strongly in recent years. It will grow from $2.21 billion in 2025 to $2.35 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expansion of electrical and electronics manufacturing, growth in automotive wiring applications, increasing use of insulation in industrial equipment, rising adoption of organized cable systems, availability of diverse heat shrink materials.

The heat shrink tubing and sleeves market size is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing electrification of vehicles, rising demand from renewable energy installations, expansion of aerospace and defense electronics, growing adoption of advanced insulation polymers, increasing customization requirements. Major trends in the forecast period include increasing demand for high-temperature resistant tubing, rising adoption of lightweight insulation materials, growing use of custom-length heat shrink solutions, expansion of fluoropolymer-based sleeves, enhanced focus on cable protection and organization.

The rising demand for electrical and electronics products is anticipated to drive the growth of the heat shrink tubing and sleeves market in the coming years. Electrical and electronic equipment refers to devices and systems that use electricity and electronic components to perform specific functions. An increased need for various electrical and electronic products, including wires, cables, connectors, and electronic components, necessitates heat shrink tubing and sleeves that provide superior insulation, protecting wires and cables from environmental factors such as moisture, chemicals, and abrasion. For example, in 2023, according to the United States International Trade Commission (USITC), a US-based government agency, the total value of U.S. exports of electronic products rose from $303 billion ($303,045 million) in 2022 to $306.2 billion ($306,228 million) in 2023. Thus, the growing demand for electrical and electronics products is contributing to the expansion of the heat shrink tubing and sleeves market.

Major companies in the heat shrink tubing and sleeves market are focusing on introducing innovative products to drive market revenues. These materials, known for their excellent insulating, protecting, and sealing properties, are made from thermoplastic substances that shrink when exposed to heat. For example, in October 2023, Junkosha Inc., a Japan-based company specializing in advanced medical and industrial technologies, launched FEP peelable heat shrink tubing (PHST). This large-size PHST solution expands the applications for peelable heat shrink solutions, facilitating intricate build processes for large diameter constructs more efficiently.

In June 2024, LAPP Tannehill, a U.S.-based provider of wire, cable, and connectivity solutions, formed a partnership with DSG-Canusa to enhance heat shrink tubing solutions. This collaboration seeks to broaden the availability of heat shrink tubing products and improve application support for customers across various industries. By leveraging DSG-Canusa’s expertise alongside LAPP Tannehill’s distribution network, the partnership aims to enhance product availability and provide technical guidance. DSG-Canusa is a Germany-based company specializing in heat-shrink tubing, cold-applied products, and application equipment.

Major companies operating in the heat shrink tubing and sleeves market are HellermannTyton, Molex LLC, Panduit Corp., Shrink Sleeves Ltd., TE Connectivity Inc., ABB Ltd., 3M Company, Wurth Elektonik Company, Techflex Inc., Artilabo International BV, Gremtek SAS, Pexco LLC, DSG-Canusa GmbH, Don-Polymer Ltd., Essentra plc, Zeus Industrial Products Inc., Changyuan Group Ltd., CIAC Corp., Qualtek Electronics Corp., Alpha Wire Company, Sumitomo Electric Industries Ltd., Woer Heat-Shrinkable Material Co. Ltd., Insultab Inc., Yamaichi Electronics Co. Ltd., Cygia Group, Dasheng Heat Shrinkable Material Co. Ltd., SAB North America LLC, Adtech Polymer Engineering Ltd., Amphenol PCD Inc., Carlisle Interconnect Technologies, Covalence Adhesives Corp., Fujikura Ltd.

North America was the largest region in heat shrink tubing and sleeves market in 2025. The regions covered in the heat shrink tubing and sleeves market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heat shrink tubing and sleeves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The heat-shrinking tubing and sleeves market consists of sales of dual wall tubing, single wall tubing, and heat shrink kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.