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Yes it's thicker then the normal stuff but ain't that what you would rather use then 3 or 4 layers of the normal stuff as it would achieve a similar thickness and look tidier.
You would need to buy about 2 sizes larger then what you normally use.
It achieves a "thicker thickness", actually. 2 sizes larger??? Well, I already have loads of the stuff, so... lol?
I'm not really finding the 3/8" and 1/4" heatshrinks I use to be all that different in thickness. The 3/16" I use is noticeably thinner. I often go 2x 1/4" for the y-split (example), and on a couple of occasions, I tried 2x 1/4" with one 3/8" over that. The latter was quite overkill I think, lol.
This is all working with 24-awg wires and nylon braid.