A rise in the demand for heat shrink tubes is being noticed over many years; it is connected with the increasing manufacturing of electrical and electronic appliances/equipment. The shrinkable plastic tubes are being used to insulate electrical wires in industrial setups, electricity supply establishments, households, and even in an automobile. As taking the best safety measures against electrical hazards is a priority of all the manufacturers, engineers, and consultants, so the heat-shrink tube market is going to be a multi-million business.