Future Prospects of the Heat-Shrink Tubing Market: Insights and Trends
The Heat-Shrink Tubing Market is projected to grow at a CAGR of 5.8% during the forecast period. Geographically, Asia-Pacific is expected to lead, driven by electrification plans and rising grid investments in Vietnam, Indonesia, and the Philippines. India and China are key contributors, with growing investments in electric grids and a shift towards renewable energy sources, fueling market growth.