South Korea Heat Shrink Tubing Market to 2032
Overview
The South Korea Heat Shrink Tubing Market is expected to reach a 140.98 USD Billion by 2032 and is projected to grow at a CAGR of 9.09% from 2025 to 2032.
Revenue, 2024 (USD Billion)
88.93
Forecast, 2032 (USD Billion)
140.98
CAGR, 2024 - 2032
9.09%
Report Coverage
South Korea
South Korea Heat Shrink Tubing Market 2018-2032 USD Billion
South Korea Heat Shrink Tubing Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 88.93 USD Billion
- Projected Market Size (2032): 140.98 USD Billion
- CAGR (2025-2032): 9.09%
Key Findings of South Korea Heat Shrink Tubing Market
- The South Korea Heat Shrink Tubing Market was valued at 88.93 USD Billion in 2024.
- The South Korea Heat Shrink Tubing Market is likely to grow at a CAGR of 9.09% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Single Wall in Type Segment accounted for the largest share of the market with a revenue of 59.94 USD Billion
- The fastest growing segment 0.0840277777777778 in Shrink Ratio Segment grew Fastest with a CAGR of 10.75% during the forecast period from 2024 to 2032.
South Korea Heat Shrink Tubing Market Scope
South Korea Heat Shrink Tubing Market Segmentation & Scope
End-User
- Chemical
- Others
- Construction
- Food and Beverages
- Marine
- Oil and Gas
- Healthcare
- Aerospace
- Electronics
- Automotive
- IT and Telecommunication
- Utilities
Material
- Polyetheretherketone (PEEK)
- Ethylene Tetrafluoroethylene (ETFE)
- Fluorinated Ethylene Propylene (FEP)
- Polytetrafluoroethylene (PTFE)
- Others
- Perfluoroalkoxy Alkanes (PFA)
- Polyolefin
Shrink Ratio
- 0.250694444444444
- 0.167361111111111
- 0.125694444444444
- Others
- 0.0840277777777778
Voltage
- High
- Medium
- Low
Product
- Pre-cut Length
- Others
- Spools
Type
- Dual Wall
- Single Wall
South Korea Heat Shrink Tubing Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 88.93 USD Billion |
| Market Value in 2032 | 140.98 USD Billion |
| CAGR (2025-2032) | 9.09% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End-User,Material,Shrink Ratio,Voltage,Product,Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 88.93 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 88.93 USD Billion in 2024.
Segments and Scope
-
South Korea Heat Shrink Tubing Market to 2032, By End-User
- Utilities is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 17.14 USD Billion in the year 2024.
- Utilities is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 10.41 % in forecast period 2025-2032.
-
South Korea Heat Shrink Tubing Market to 2032, By Material
- Polyolefin is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 34.35 USD Billion in the year 2024.
- Polyolefin is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 10.08 % in forecast period 2025-2032.
-
South Korea Heat Shrink Tubing Market to 2032, By Shrink Ratio
- 0.0840277777777778 is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 40.69 USD Billion in the year 2024.
- 0.0840277777777778 is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 10.75 % in forecast period 2025-2032.
-
South Korea Heat Shrink Tubing Market to 2032, By Voltage
- Low is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 45.34 USD Billion in the year 2024.
- Low is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 10.05 % in forecast period 2025-2032.
-
South Korea Heat Shrink Tubing Market to 2032, By Product
- Spools is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 48.10 USD Billion in the year 2024.
- Spools is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 10.37 % in forecast period 2025-2032.
-
South Korea Heat Shrink Tubing Market to 2032, By Type
- Single Wall is the largest segment in South Korea Heat Shrink Tubing Market to 2032 with a revenue of 59.94 USD Billion in the year 2024.
- Single Wall is the Fastest growing segment in South Korea Heat Shrink Tubing Market to 2032 with a Growth rate of 9.83 % in forecast period 2025-2032.
South Korea Heat Shrink Tubing Market Company Share Analysis
| Company Name |
|
||
| Molex, LLC | |||
| TE Connectivity | |||
| ABB | |||
| Sumitomo Electric Industries, Ltd. | |||
| Prysmian Group | |||
South Korea Heat Shrink Tubing Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Heat Shrink Tubing Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Heat Shrink Tubing Market is segmented based on Segmentation End-User,Material,Shrink Ratio,Voltage,Product,Type.
South Korea Heat Shrink Tubing Market was valued at USD 88.93(Revenue in USD Billion) in 2020.
South Korea Heat Shrink Tubing Market is projected to grow at a CAGR of 9.09% during the forecast period of 2024 to 2032.
The Single Wall segment is expected to dominate the South Korea Heat Shrink Tubing Market, holding a largest market share of 59.94 USD Billion in 2024
South Korea Heat Shrink Tubing Market Scope
South Korea Heat Shrink Tubing Market Segmentation & Scope
End-User
- Chemical
- Others
- Construction
- Food and Beverages
- Marine
- Oil and Gas
- Healthcare
- Aerospace
- Electronics
- Automotive
- IT and Telecommunication
- Utilities
Material
- Polyetheretherketone (PEEK)
- Ethylene Tetrafluoroethylene (ETFE)
- Fluorinated Ethylene Propylene (FEP)
- Polytetrafluoroethylene (PTFE)
- Others
- Perfluoroalkoxy Alkanes (PFA)
- Polyolefin
Shrink Ratio
- 0.250694444444444
- 0.167361111111111
- 0.125694444444444
- Others
- 0.0840277777777778
Voltage
- High
- Medium
- Low
Product
- Pre-cut Length
- Others
- Spools
Type
- Dual Wall
- Single Wall
Frequently Asked Questions
The South Korea Heat Shrink Tubing Market is segmented based on Segmentation End-User,Material,Shrink Ratio,Voltage,Product,Type.
South Korea Heat Shrink Tubing Market was valued at USD 88.93(Revenue in USD Billion) in 2020.
South Korea Heat Shrink Tubing Market is projected to grow at a CAGR of 9.09% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Heat Shrink Tubing Market for final year is USD 140.98 (USD Billion).
South Korea Heat Shrink Tubing Market Company Profiling
Frequently Asked Questions
The South Korea Heat Shrink Tubing Market is segmented based on Segmentation End-User,Material,Shrink Ratio,Voltage,Product,Type.
South Korea Heat Shrink Tubing Market was valued at USD 88.93(Revenue in USD Billion) in 2020.
South Korea Heat Shrink Tubing Market is projected to grow at a CAGR of 9.09% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Heat Shrink Tubing Market for final year is USD 140.98 (USD Billion).
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