According to a new report from Intel Market Research, the global PVC Heat Shrinkable Sleeve market was valued at USD 463 million in 2024 and is projected to grow from USD 480 million in 2025 to USD 583 million by 2031, exhibiting a CAGR of 3.4% during the forecast period. This steady growth is fueled by robust demand from electrical infrastructure projects, expanding electronics manufacturing, and the rising adoption of cable protection solutions in renewable energy applications.

PVC Heat Shrinkable Sleeves are flexible polyvinyl chloride tubing products designed to contract when heated, providing essential insulation, mechanical protection, and environmental shielding for electrical wiring and cable systems. These components have become indispensable across industries due to their cost efficiency, ease of installation, and ability to meet stringent safety standards.

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