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$1.8 Billion Worldwide Heat-Shrink Tubing Industry to 2027 - Impact of COVID-19 on the MarketDUBLIN, April 15, 2021 /PRNewswire/ -- The "Heat-Shrink Tubing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Amid the COVID-19 crisis, the global market for Heat-Shrink Tubing estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Low, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium segment is readjusted to a revised 5% CAGR for the next 7-year period. In the global High segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$326.7 Million in the year 2020 will reach a projected size of US$438 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$349.8 Million by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period. Select Competitors (Total 35 Featured):
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ltz9ls Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/1-8-billion-worldwide-heat-shrink-tubing-industry-to-2027---impact-of-covid-19-on-the-market-301269781.html SOURCE Research and Markets |