The global plastic conduit market size reached US$ 20.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.58 Billion by 2028, exhibiting a growth rate (CAGR) of 5.83% during 2023-2028. The rising product utilization in the construction industry, increasing product recent development of recycled products, and rapid infrastructural development activities represent some of the key factors driving the market.
Plastic conduits are passages or pipes used to enclose electric wiring and allow fluids to pass through. It includes rigid and flexible conduits that are produced from various materials, such as polyvinyl chloride (PVC), polypropylene, high-density polyethylene (HDPE), and cross-linked polyethylene (PEX). Plastic conduits are primarily manufactured using an extrusion process, where raw material is fed to an extruder, and conduit shape is achieved using a dye. They are widely used for wires and cable protections, drinking water transportation, plumbing, waste management, fire sprinklers, chemical handling, exhausts, and ventilation systems. Plastic conduits are highly durable, lightweight, convenient, fire-proof, and cost-effective products that are easy to install, provide better stability, and require low maintenance. They also offer resistance against corrosion, chemicals, thermal expansion, and contractions. As a result, plastic conduits find extensive applications across the manufacturing, telecommunication, construction, and healthcare industries.
Plastic Conduit Market Trends:
The rising product utilization in the construction industry is one of the primary factors driving the market growth. Plastic conduits are widely used in building constructions for drinking water supply, plumbing, heating and ventilation systems, radiator connections, and various electrical installations, such as cable, data, lighting, and communication lines. In line with this, plastic conduits are non-magnetic, corrosion resistant, easy to deploy, provide long service life, and require low maintenance, which, in turn, is favoring the market growth. Additionally, the rising product demand due to the increasing commercial construction activities, such as office buildings, restaurants, retail stores, shopping malls, and supermarkets, is acting as another growth-inducing factor. Furthermore, the widespread product utilization to provide safe and secure wiring systems for various industrial applications, such as robotics, plant machinery, telecommunication, renewable energy generation, broadband expansion, and mechanical engineering, due to their high strength and excellent protection against moisture, heat, cold, abrasion, impact, and noise, is positively influencing the market growth. Additionally, the recent development of recycled plastic conduits using multi-layer extrusion technology that utilizes waste plastic to produce conduit piping with wide-ranging applications in underground electrical wiring, traffic signals, and communication cabling is providing an impetus to the market growth. Moreover, the introduction of innovative products that are manufactured using low-smoke and halogen-free raw materials, which, in turn, improves safety, enhance building protection, and minimize adverse impact on the environment and human health, is propelling the market growth. Other factors, including rapid infrastructural development activities, extensive investment in research and development (R&D) to introduce innovative products, and rising consumer awareness regarding product benefits, are anticipated to drive market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global plastic conduit market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, material, and industry vertical.
- Rigid Conduits
- Flexible Conduits
The report has also provided a detailed breakup and analysis of the plastic conduit market based on the type. This includes rigid and flexible conduits. According to the report, flexible conduits represented the largest segment.
- Polyvinyl Chloride (PVC)
- High-Density Polyethylene (HDPE)
- Polypropylene (PP)
A detailed breakup and analysis of the plastic conduit market based on the material has been provided in the report. This includes polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. According to the report, HDPE accounted for the largest market share.
Industry Vertical Insights:
- IT and Telecom
A detailed breakup and analysis of the plastic conduit market based on the industry vertical has been provided in the report. This includes manufacturing, construction, IT and telecom, healthcare, and others. According to the report, construction accounted for the largest market share.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include 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. According to the report, North America was the largest market for plastic conduit. Some of the factors driving the North America plastic conduit market include rising construction activities, rapid industrialization, extensive research and development (R&D) activities, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global plastic conduit market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|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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Key Questions Answered in This Report:
- How has the global plastic conduit market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global plastic conduit market?
- What are the key regional markets?
- Which countries represent the most attractive plastic conduit markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the industry vertical?
- What is the competitive structure of the global plastic conduit market?
- Who are the key players/companies in the global plastic conduit market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the plastic conduit market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global plastic conduit market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the plastic conduit industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.