The global plastic conduit market is expected to generate revenue worth $16.25 billion in 2018, and is projected to reach $25.68 billion by 2026, registering a CAGR of 5.7% during the forecast period. A conduit is referred to as a pipe or passage for fluids or electrical wires to pass through. These pipes enable protection and routing to the materials flowing through these channels. Plastic conduits are widely used across various industry verticals such as construction, manufacturing, telecommunication, and agriculture among others. Recent developments in the manufacturing process of plastic conduits enable them to pass chemicals and other fluids, which would make any other material used to make conduits corrosive.
There is a growing demand for electrical conduits which ensures routing of electric wires all around a building or any premise. An electrical conduit is advantageous since it results in simpler wiring and is safer, permitting easier and frequent alterations in the wiring system, providing protection even in damp and hazardous locations. Moreover, it is an effective way to protect the wiring system from environmental and other conditions such as chemical vapors, electromagnetic interference, moisture, and others.
Emerging technologies and materials are paving way for the plastic conduits market to expand globally. Adoption of enhanced materials such as HDPE is preferred while using these conduits in residential areas. These conduits are used to protect electrical power and telecommunication cables passed within them. It offers unmatched corrosion and chemical resistance, and is flexible, durable, and available in long reel lengths to reduce joints and installation time. HDPE conduit is available in a variety of sizes, colors, dimensions, and lengths.
The plastic conduit market exhibits a phenomenal growth globally, owing to increase in expansion of the construction industry and growth in demand for highly secure and safe wiring system. However, high installation cost of conduits and increase in prices of raw materials restrain the market growth. Furthermore, emerging trends of cable-in conduits system and increase in opportunities of plastic conduits in residential buildings provide lucrative opportunities for the market globally.
The global plastic conduit market is segmented on the basis of type, material, industry vertical, and region. Based on type, the market is bifurcated into rigid conduits and flexible conduits. By material, it is divided into polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. On the basis of industry vertical, the market is divided into manufacturing, construction, IT & telecom, healthcare, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include Atkore International, AKG Group, Cantex Inc., Duraline holdings Inc., Prime Conduit, Precision Plastic Industry, Mitsubishi Corporation, Eaton Corporation, Allied Tube & Conduit, and Calpipe Industries. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY MARKET SEGMENTS
By Type
By Material
By Industry Vertical
By Region
Key Market Players
There is a growing demand for electrical conduits which ensures routing of electric wires all around a building or any premise. An electrical conduit is advantageous since it results in simpler wiring and is safer, permitting easier and frequent alterations in the wiring system, providing protection even in damp and hazardous locations. Moreover, it is an effective way to protect the wiring system from environmental and other conditions such as chemical vapors, electromagnetic interference, moisture, and others.
Emerging technologies and materials are paving way for the plastic conduits market to expand globally. Adoption of enhanced materials such as HDPE is preferred while using these conduits in residential areas. These conduits are used to protect electrical power and telecommunication cables passed within them. It offers unmatched corrosion and chemical resistance, and is flexible, durable, and available in long reel lengths to reduce joints and installation time. HDPE conduit is available in a variety of sizes, colors, dimensions, and lengths.
The plastic conduit market exhibits a phenomenal growth globally, owing to increase in expansion of the construction industry and growth in demand for highly secure and safe wiring system. However, high installation cost of conduits and increase in prices of raw materials restrain the market growth. Furthermore, emerging trends of cable-in conduits system and increase in opportunities of plastic conduits in residential buildings provide lucrative opportunities for the market globally.
The global plastic conduit market is segmented on the basis of type, material, industry vertical, and region. Based on type, the market is bifurcated into rigid conduits and flexible conduits. By material, it is divided into polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. On the basis of industry vertical, the market is divided into manufacturing, construction, IT & telecom, healthcare, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include Atkore International, AKG Group, Cantex Inc., Duraline holdings Inc., Prime Conduit, Precision Plastic Industry, Mitsubishi Corporation, Eaton Corporation, Allied Tube & Conduit, and Calpipe Industries. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY MARKET SEGMENTS
By Type
- Rigid Conduits
- Flexible Conduits
By Material
- Polyvinyl Chloride (PVC)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
By Industry Vertical
- Manufacturing
- Construction
- IT & Telecom
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Atkore International
- AKG Group
- Cantex Inc.
- Duraline Holdings Inc.
- Prime Conduit
- Precision Plastic Industry
- Mitsubishi Corporation
- Eaton Corporation
- Allied Tube & Conduit
- Calpipe Industries
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Plastic Conduits Market, By Type
Chapter 5: Plastic Conduits Market, By Material
Chapter 6: Plastic Conduits Market, By Industry Vertical
Chapter 7: Plastic Conduits Market, By Region
Chapter 8: Competitive Landscape
Chapter 9: Plastic Conduits: - Company Profiles
Executive Summary
A new report titled, 'Plastic Conduit Market by Type, Material, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,'projects that the global plastic conduit market size was valued $16.25 billion in 2018 and estimated to reach $25.68 billion by 2026 at a CAGR of 5.7% during the forecast period. In 2019, North America dominated the market, contributing more than a 33% share of the overall revenue, followed by Asia-Pacific. Plastic conduit market exhibits a phenomenal growth globally, owing to increase in expansion of the construction industry and growth in the demand for highly secure and safe wiring system.Plastic conduits are the pipes that are used to protect and insulate wire and also provide closed system for fluid transfer. There are two types of plastic conduits, namely, rigid and flexible. The major factors that drive the growth of the plastic conduits market share include growth in demand for highly safe and secure wiring system and rise in demand for commercial construction. However, high installation cost of conduits system and increase in prices of non-metallic raw materials hamper the market growth. Moreover, emerging trends toward cable-in conduit system and increase in opportunities for plastic conduits in residential buildings provide lucrative plastic conduit market size expansion during the forecast period.
Globalization has led to focus on R&D for the development of innovative technologies, which would drive the growth of the market. Presently, manufacturers demand product switching and effective solutions along with flexibility and distributed processes. The demand of customer for smarter and compact solution increases the adoption of plastic conduits products, which assist in the growth of plastic conduit market trends globally.
Construction industry is one of the most booming markets for metallic & non-metallic cable conduits, piping & fittings, mounting equipment, and others. The construction industry mostly seeks a conduit system with the features such as sustainability, durability, compatibility, and flexibility. Inadequate space, predefined standards for size and type of cables, inclusion of HVAC systems, and others are some of the challenges faced by the construction industry.
Information and communications technology (ICT) are one of the rapidly growing sectors that provides potential market for conduit systems. Data centers, cable racks, pathways, and other cable management products play important role in the IT industry. The usage of data centers and pathways have increased, owing to increase in number of IT companies. Cell phones, cameras, and other advanced devices that require continuous and high-quality data transmission and better resolution are greatly demanded in the market.
Among various regions, North America is expected to be the major revenue generator in 2019 and maintain its dominance in plastic conduit market share in the future. This is attributed to rise in residential, commercial, and industrial construction.
North America is projected to grow at the fastest rate throughout the plastic conduit market analysis period, Canada in this region witnessed the highest demand for plastic conduits due to growth of commercial and industrial sectors. Moreover, penetration of electronics and electrical systems in residential sector have strengthened the plastic conduit market growth. Furthermore, emerging trends of cable-in conduit system in these nations offer lucrative plastic conduit market opportunity globally.
The global plastic conduit market share is analyzed by type, material, industry vertical, and region. Based on type, the market is bifurcated into rigid conduits and flexible conduits. By material, it is divided into polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. On the basis of industry vertical, it is categorized into manufacturing, construction, IT & telecom, healthcare, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
Key Findings of the Plastic Conduit Market:
The flexible conduit segment accounted for the highest share of the plastic conduit market growth in 2018 with $10,967.28 million, growing at a CAGR of 5.00% from 2019 to 2026.
The construction industry generated the highest revenue, accounting for $1.1 billion in 2018. Asia-Pacific is expected to dominate the market, garnering 7.70% of the plastic conduit market share during the forecast period.
The key players profiled in the plastic conduit industry include Atkore International, AKG Group, Cantex Inc., Duraline holdings Inc., Prime Conduit, Precision Plastic Industry, Mitsubishi Corporation, Eaton Corporation, Allied Tube & Conduit, and Calpipe Industries.
Companies Mentioned
- Atkore International
- AKG Group
- Cantex Inc.
- Duraline holdings Inc.
- Prime Conduit
- Precision Plastic Industry
- Mitsubishi Corporation
- Eaton Corporation
- Allied Tube & Conduit
- Calpipe Industries.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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