Thank you for your reply,
I got this info from wikipedia...
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According to the exact material used, there are two ways that heat shrink may work. If the material contains many monomers, then when the tubing is heated the monomers polymerise. This increases the density of the material as the monomers become bonded together, therefore taking up less space. Accordingly, the volume of the material shrinks.
Heat shrink can also be expansion-based. This process involves producing the tubing as normal, heating it to just above the polymer's crystalline melting point and mechanically stretching the tubing (often by inflating it with a gas); finally, it is rapidly cooled. Later, when heated, the tubing will relax back to the un-expanded size.
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The second method is as you mention a mechanical stretch which returns when reheated. However it´s the first method that caught my interest, how does this work and for what kind of materials?
Also, neoprene is mentioned as a material used. Is it a CR-TPE?
/Mathias