The Global Flexible Heat Shrink Tubing Market was valued at USD 2.97 Billion in 2025 and is projected to reach USD 4.35 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024–2030). This robust growth is predominantly driven by rising demand from the automotive, aerospace, and telecommunications sectors, alongside the global acceleration of electronics manufacturing and infrastructure development.

As industries worldwide prioritize cable management, electrical safety, and component protection, the spotlight turns to the key material science innovators supplying advanced polymer solutions. In this blog, we profile the Top 10 Companies in the Flexible Heat Shrink Tubing Industry—industry stalwarts and specialty material leaders shaping the future of insulation and mechanical protection.

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🔟 1. TE Connectivity

Headquarters: Schaffhausen, Switzerland
Key Offering: Raychem-branded heat shrink tubing (Single Wall, Dual Wall, Specialty Tubing)

TE Connectivity, through its Raychem brand, is a global leader in heat shrink technology. Their product portfolio includes a wide range of tubing designed for applications requiring extreme environmental protection, from automotive harnesses to aerospace wiring systems. TE’s solutions are renowned for their reliability and performance under harsh conditions.

Key Innovation Areas:

• Advanced materials for high-temperature and high-voltage applications
• Development of halogen-free and flame-retardant tubing for enhanced safety
• Custom-engineered solutions for the aerospace and defense industries

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

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9️⃣ 2. Sumitomo Electric Industries, Ltd.

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

Sumitomo Electric is a dominant force in the Asian market and a major global supplier. Its Sumitube® product line is widely used in consumer electronics, automotive components, and industrial equipment. The company leverages its extensive expertise in materials science to produce tubing with excellent dielectric strength and chemical resistance.

Key Innovation Areas:

• Focus on miniaturization for compact electronic devices
• Development of ultra-thin wall tubing for space-constrained applications
• Expansion of product lines for electric vehicle (EV) battery harnessing

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8️⃣ 3. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Heat Shrink Tubing, Scotch™ Brand Sleeving

3M’s diversified industrial portfolio includes a comprehensive range of heat shrinkable tubing known for its quality and ease of use. The company serves a broad spectrum of markets, from DIY and maintenance to high-performance industrial applications, utilizing its strong distribution network and brand recognition.

Key Innovation Areas:

• Innovations in adhesive-lined (dual-wall) tubing for superior environmental sealing
• Products compliant with various international safety standards (UL, CSA, MIL)
• Sustainable product development initiatives

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7️⃣ 4. Alpha Wire

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

A subsidiary of Amphenol Corporation, Alpha Wire specializes in high-performance wire, cable, and tubing. Their Alpha FIT heat shrink tubing is engineered for demanding applications in manufacturing, industrial automation, and medical equipment, focusing on durability and consistent performance.

Key Innovation Areas:

• Specialization in tubing for constant flex and motion applications
• Development of medical-grade, biocompatible heat shrink materials
• Solutions for harsh industrial environments requiring oil and chemical resistance

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

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

Headquarters: Memphis, Tennessee, USA
Key Offering: Heat Shrink Tubing for electrical installation and construction

ABB’s Installation Products division, incorporating the legacy Thomas & Betts brand, is a key player in the electrical construction market. Their heat shrink products are essential for splicing, terminating, and insulating cables in utility, commercial, and industrial power distribution systems.

Key Innovation Areas:

• Medium and high-voltage cable accessory systems
• Solutions for renewable energy applications (solar, wind)
• Ruggedized products for the oil, gas, and mining industries

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5️⃣ 6. HellermannTyton (Aptiv PLC)

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Comprehensive range of heat shrink tubing and sleevings

HellermannTyton, part of Aptiv, is a global specialist in cable management solutions. The company provides a vast array of heat shrink tubing optimized for the automotive sector, including specialized types for wire harnessing, abrasion protection, and color coding.

Key Innovation Areas:

• Automation-friendly products for high-volume manufacturing
• Thin-wall tubing for lightweight automotive design
• Integration of identification and protection features

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4️⃣ 7. Phillips Industries

Headquarters: Santa Fe Springs, California, USA
Key Offering: Heat shrink tubing for the commercial vehicle industry

Phillips Industries is a leading manufacturer of electrical and air brake system components for the transportation industry. Their heat shrink tubing is specifically designed to withstand the extreme vibrations, temperature fluctuations, and environmental exposure common in truck, trailer, and bus applications.

Key Innovation Areas:

• Heavy-duty tubing with high abrasion and chemical resistance
• Solutions for sealing connectors against moisture and corrosion
• Focus on reliability and longevity in demanding transportation environments

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3️⃣ 8. Grayline

Headquarters: Waalwijk, Netherlands
Key Offering: Standard and custom-engineered heat shrinkable products

Grayline is a European specialist in heat shrink technology, offering both standard and custom-manufactured tubing. The company serves a diverse clientele across electronics, appliances, and industrial sectors, with a strong focus on customer-specific solutions and technical support.

Key Innovation Areas:

• Flexible manufacturing for custom colors, sizes, and prints
• Development of non-PVC, environmentally friendly alternatives
• Specialization in thin-wall tubing for consumer electronics

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2️⃣ 9. Changyuan Group (CYG)

Headquarters: Wuhan, Hubei, China
Key Offering: Cost-effective heat shrink tubing for mass-market applications

Changyuan Group (CYG) is one of China’s largest manufacturers of heat shrinkable materials. The company leverages its significant production capacity to serve the domestic and international markets, providing a competitive alternative for standard-grade tubing used in appliances, lighting, and general wiring.

Key Innovation Areas:

• Scaling production to meet global demand for cost-sensitive applications
• Expansion into higher-value markets with improved material formulations
• Vertical integration for supply chain resilience

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1️⃣ 10. DEEM ELECTRONIC AND ELECTRIC MATERIAL

Headquarters: Shenzhen, Guangdong, China
Key Offering: Diverse portfolio of heat shrink tubing and related accessories

DEEM is a prominent supplier specializing in electronic and electric insulation materials. The company caters to the booming electronics manufacturing sector in Asia, offering a wide variety of tubing types, including PVC, polyolefin, and Teflon-based products, along with installation tools.

Key Innovation Areas:

• Rapid response to trends in consumer electronics miniaturization
• Expansion of product lines to include heat shrink connectors and terminations
• Focus on serving the growing IoT and smart device markets

Get Full Report Here: 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 experiencing a significant evolution. While standard polyolefin tubing remains the volume leader, the industry is increasingly focused on developing high-performance materials tailored for specific challenges like higher operating temperatures, extreme environments, and sustainability requirements.

📈 Key Trends Shaping the Market:

• Accelerating demand from the Electric Vehicle (EV) sector for high-voltage battery and motor cabling
• Growth in aerospace and defense applications requiring lightweight, flame-retardant solutions
• Rising adoption of halogen-free and low-smoke, zero-halogen (LSZH) materials for improved safety
• Integration of smart features, such as tracing and identification, within tubing materials

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 driving the innovation and specialization required to protect the electrical systems powering our modern world.