As per the latest report by IMARC Group, titled "Plastic Conduit Market by Type (Rigid Conduits, Flexible Conduits), Material (Polyvinyl Chloride (PVC), High-Density Polyethylene (HDPE), Polypropylene (PP), and Others), Industry Vertical (Manufacturing, Construction, IT and Telecom, Healthcare, and Others), and Region 2023-2028," the global plastic conduit market size reached US$ 20.24 Billion in 2022. Plastic conduit is a versatile and widely used piping system designed to protect electrical wiring in various applications. It is made from durable polyvinyl chloride (PVC) material, and provides excellent resistance to moisture, chemicals, and corrosion, making it a reliable choice for electrical installations. The manufacturing process involves extruding molten PVC through a die, which shapes it into the desired conduit size and shape. Plastic conduit is available in different diameters, ranging from small sizes for residential wiring to larger sizes for industrial and commercial projects. Its primary use is to house electrical wires and cables, ensuring their protection and organization. It is commonly installed in buildings to provide a secure pathway for electrical wiring in residential, commercial, and industrial settings. Plastic conduit is particularly beneficial in environments where moisture or chemical exposure is a concern, such as outdoor installations or areas with high humidity. The advantages of plastic conduit extend beyond its protective qualities. PVC conduit is lightweight, making it easy to handle and install, thus saving time and labor costs during the construction process. Its smooth interior surface facilitates effortless wire pulling, minimizing friction and potential damage to the wires. Plastic conduit is also non-conductive, which eliminates the risk of electrical shock during installation or maintenance. Furthermore, it does not require additional grounding, simplifying the installation process further.
Global Plastic Conduit Market Trends:
The global plastic conduit market is influenced by several key factors, such as the increasing demand for efficient electrical wiring solutions across various industries, including construction, telecommunications, and automotive. Additionally, the rising awareness regarding the benefits of plastic conduits, such as lightweight, durability, and resistance to corrosion and moisture, drives the market further. Moreover, strict government regulations pertaining to safety standards and the need for effective cable management systems are bolstering the market growth. Furthermore, rapid urbanization and infrastructure development in emerging economies, coupled with the growing construction industry, are providing significant opportunities for the market growth. Besides this, significant advancements in technology, such as the development of flame-retardant and ultraviolet (UV)-resistant plastic conduits, also contribute to the market growth. Furthermore, the surging awareness about the cost-effectiveness and ease of installation offered by plastic conduits, the increasing demand for telecommunication networks, and the shifting focus on sustainable building practices are propelling the market growth. In line with this, continuous research and development (R&D) efforts by key players to introduce innovative products and meet evolving customer requirements further stimulate the market growth. Other driving factors include burgeoning investments in renewable energy projects, the growing demand for fiber optic cables, and the need for effective cable protection in harsh environments. Looking forward, the market value is projected to reach US$ 28.58 Billion by 2028, expanding at a CAGR of 5.83% during 2023-2028.
- By the type, the market has been bifurcated into rigid and flexible conduits. At present, flexible conduits lead the market.
- Based on the material, the market has been segregated into polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. Currently, HDPE accounts for the largest market share.
- By the industry vertical, the market has been classified into manufacturing, construction, IT and telecom, healthcare, and others. At present, construction segment dominates the market.
- On the basis of the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. At present, North America is leading the market.
- The competitive landscape of the industry has also been examined with some of the key players being AKG Group, Atkore International Group Inc., Bec Conduits Pvt. Ltd., Cantex Inc. (Mitsubishi Corporation), Dura-Line Holdings Inc (Orbia), Eaton Corporation plc, National Pipe and Plastic Inc. (Oldcastle Infrastructure Inc.), Precision Plastic Industries Private Limited, Sanco Industries Limited, Schneider Electric SE, etc.
|Base Year of the Analysis
||Rigid Conduits, Flexible Conduits
||Polyvinyl Chloride (PVC), High-Density Polyethylene (HDPE), Polypropylene (PP), Others
|Industry Verticals Covered
||Manufacturing, Construction, IT and Telecom, Healthcare, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AKG Group, Atkore International Group Inc., Bec Conduits Pvt. Ltd., Cantex Inc. (Mitsubishi Corporation), Dura-Line Holdings Inc (Orbia), Eaton Corporation plc, National Pipe and Plastic Inc. (Oldcastle Infrastructure Inc.), Precision Plastic Industries Private Limited, Sanco Industries Limited, Schneider Electric SE, etc.
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