The Global Flexible Heat Shrink Tubing Market was valued at USD 2.81 Billion in 2023 and is projected to reach USD 4.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This significant growth is driven by the expanding electronics and automotive sectors, rising demand for high-performance insulation solutions, and the increasing adoption of heat shrink tubing in renewable energy and aerospace applications.

As industries worldwide demand more reliable, durable, and safe solutions for wire and cable management, the companies producing flexible heat shrink tubing are at the forefront of innovation. In this blog, we profile the Top 10 Companies in the Flexible Heat Shrink Tubing Industry—a diverse group of material science specialists and global manufacturers shaping the future of electrical protection.

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🔟 1. TE Connectivity

Headquarters: Schaffhausen, Switzerland
Key Offering: ATUM® Heat Shrink Tubing, Raychem® Spec 55 Products

TE Connectivity is a global industrial technology leader, and its Raychem brand is synonymous with high-performance heat shrink solutions. The company provides a vast portfolio of tubing for applications ranging from aerospace and defense to automotive and industrial equipment, known for its flame-retardant and environmental resistance properties.

Innovation Focus:

• Development of ultra-thin wall and high-temperature resistant tubing

• Expansion of products compliant with stringent aerospace and military standards (e.g., MILSPEC)

• Focus on sustainable materials and manufacturing processes

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9️⃣ 2. Sumitomo Electric Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Sumitube® Heat Shrink Tubing

Sumitomo Electric is a diversified manufacturer with a strong presence in the electronics and energy sectors. Its Sumitube product line offers reliable heat shrink tubing with excellent electrical insulation, mechanical protection, and chemical resistance, serving the automotive, appliance, and telecommunications markets.

Innovation Focus:

• Advancements in halogen-free and flame-retardant materials

• Development of tubing for high-voltage electric vehicle (EV) applications

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8️⃣ 3. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Heat Shrink Tubing, SCOTCHKOTE™ Products

3M is a global science-based company offering a wide array of heat shrink tubing solutions. Its products are engineered for durability and performance in harsh environments, with applications in electronics, aerospace, and heavy machinery. 3M is renowned for its innovation in adhesive-lined, dual-wall tubing.

Innovation Focus:

• Specialization in adhesive-lined tubing for environmental sealing

• R&D in thin-wall, high-recovery ratio products

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Global Flexible Heat Shrink Tubing Market – View in Detailed Research Report

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7️⃣ 4. Alpha Wire

Headquarters: Essex, Connecticut, USA
Key Offering: Alpha FIT Heat Shrink Tubing

Alpha Wire specializes in high-performance wire, cable, and tubing. Its heat shrink tubing is designed for a broad range of industrial and commercial uses, emphasizing ease of installation, reliability, and protection against abrasion, moisture, and chemicals.

Innovation Focus:

• Focus on flexible, lightweight tubing for tight spaces

• Products tailored for robotics, automation, and medical equipment

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6️⃣ 5. ABB Installation Products (formerly Thomas & Betts)

Headquarters: Memphis, Tennessee, USA
Key Offering: ABB Heat Shrink Tubing, T&B® Brand Products

ABB’s Installation Products division, incorporating the legacy Thomas & Betts brand, is a key supplier of electrical components. Its heat shrink tubing is widely used in construction, utility, and industrial markets for splicing, insulating, and protecting electrical connections.

Innovation Focus:

• Development of medium and high-voltage insulation solutions

• Expansion of product lines for renewable energy infrastructure

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5️⃣ 6. HellermannTyton (Aptiv PLC)

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: HellermannTyton Heat Shrink Tubing

HellermannTyton, part of Aptiv, is a global leader in cable management solutions. The company offers a comprehensive range of heat shrink tubing designed for the automotive, aerospace, and data communication industries, known for its consistent quality and performance.

Innovation Focus:

• Automotive-grade tubing for under-the-hood and EV battery applications

• Investment in automated application tooling and systems

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4️⃣ 7. Phillips Industries

Headquarters: Santa Fe Springs, California, USA
Key Offering: Heat Shrink Tubing for Transportation

Phillips Industries is a major manufacturer of electrical and air system products for the commercial vehicle industry. Its heat shrink tubing is specifically engineered to withstand the extreme vibrations, temperatures, and environmental conditions found in trucking and trailer applications.

Innovation Focus:

• Heavy-duty, abrasion-resistant tubing for harsh environments

• Solutions focused on the North American and European commercial vehicle markets

Download FREE Sample Report:
Global Flexible Heat Shrink Tubing Market – View in Detailed Research Report

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3️⃣ 8. Grayline

Headquarters: Valencia, California, USA
Key Offering: Grayline Heat Shrink Tubing

Grayline is a specialist manufacturer of heat shrinkable products, focusing on providing high-quality, cost-effective solutions. The company serves a diverse customer base across electronics, military, and industrial sectors with a wide range of tubing sizes and materials.

Innovation Focus:

• Rapid prototyping and custom tubing solutions

• Emphasis on supply chain reliability and customer service

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2️⃣ 9. Changyuan Group (CYG)

Headquarters: Wuxi, Jiangsu, China
Key Offering: CYG Heat Shrink Tubing

Changyuan Group is one of China’s largest and most prominent manufacturers of heat-shrinkable materials. The company produces a massive volume of tubing for domestic and international markets, competing on both price and quality across consumer electronics, power distribution, and construction.

Innovation Focus:

• Large-scale production of cost-effective standard tubing

• Investment in R&D for higher-value, specialized products

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1️⃣ 10. DEEM ELECTRONIC AND ELECTRIC MATERIAL

Headquarters: Dongguan, Guangdong, China
Key Offering: DEEM Heat Shrink Tubing

DEEM is a specialized manufacturer focusing on electronic and electric insulation materials. The company offers a comprehensive catalog of heat shrink tubing, including thin-wall, dual-wall, and medium-wall products, catering primarily to the Asian electronics manufacturing sector.

Innovation Focus:

• Agile manufacturing for fast-moving electronics segments

• Development of products compliant with international safety standards (UL, CSA)

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Global Flexible Heat Shrink Tubing Market – View in Detailed Research Report

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🌍 Outlook: The Future of Flexible Heat Shrink Tubing Is Smarter and More Specialized

The flexible heat shrink tubing market is evolving beyond basic insulation. The focus is shifting towards high-performance materials, application-specific designs, and integration with smart manufacturing processes.

📈 Key Trends Shaping the Market:

• Rising demand from the Electric Vehicle (EV) sector for high-voltage battery and charging system insulation

• Growth in renewable energy projects (solar, wind) driving need for durable outdoor protection

• Advancements in material science, such as polyolefin blends and thermoplastic elastomers (TPE), for enhanced flexibility and temperature resistance

• Increased automation in application processes, requiring consistent and reliable tubing performance

Get Full Report Here:
Global Flexible Heat Shrink Tubing Market – View in Detailed Research Report

The companies listed above are not only supplying essential components—they are enabling the technological advancements that define modern industry, from electric mobility to connected infrastructure.