IMARC Group, a leading market research company, has recently releases report titled “Plastic Conduit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global plastic conduit market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the plastic conduit market?

Report Attributes

Details

Market Size in 2022

US$ 20.24 Billion

Market Forecast in 2028

US$ 28.58 Billion

Growth rate (2023 to 2028)

CAGR of 5.83%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is plastic conduit?

Plastic conduits are specifically designed passageways or pipes used for enclosing electric wiring and facilitating the transportation of fluids. They are available in both rigid and flexible variations and are manufactured using materials such as polyvinyl chloride (PVC), polypropylene, high-density polyethylene (HDPE), and cross-linked polyethylene (PEX). The manufacturing process primarily involves extrusion, where the raw materials are fed into an extruder and shaped into conduits using a die. These plastic conduits serve various purposes, including providing protection for wires and cables, facilitating drinking water transportation, aiding in waste management, enabling fire sprinkler installations, and handling chemicals.

Plastic conduits offer several advantages, such as exceptional durability, lightweight design, convenience, fire resistance, and cost-effectiveness. They are easy to install, provide enhanced stability, and require minimal maintenance. Additionally, plastic conduits are resistant to corrosion, chemicals, thermal expansion, and contraction. As a result, they are extensively used in various sectors, including telecommunications, information technology (IT), construction, healthcare, and more.

Request for a free sample copy of this report: https://www.imarcgroup.com/plastic-conduit-market/requestsample

What are the growth prospects and trends in the plastic conduit?

The growth of the plastic conduit market is primarily driven by its increasing adoption in the construction industry for various applications, including drinking water supply, plumbing, heating and ventilation systems, radiator connections, and electrical installations such as cables, data lines, lighting, and communication lines. The rise in commercial construction activities, encompassing office buildings, restaurants, retail stores, shopping malls, and supermarkets, is a significant factor contributing to market growth. Furthermore, the use of plastic conduits to ensure secure and safe wiring systems for robotics, plant machinery, telecommunication, renewable energy generation, broadband expansion, and mechanical engineering is driving market expansion due to their excellent protection against moisture, heat, cold, abrasion, impact, and noise.

The market is also benefiting from the introduction of recycled plastic conduits that utilize multi-layer extrusion technology, effectively utilizing waste plastic to produce conduit piping for underground electrical wiring, traffic signals, and communication cabling. Additionally, the development of innovative products using low-smoke and halogen-free materials, which enhance safety, building protection, and reduce adverse environmental and health impacts, is further propelling market growth. The increased investment in research and development (R&D) activities is expected to support the plastic conduit market's growth trajectory in the foreseeable future.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights: 

  • Rigid Conduits 
  • Flexible Conduits

Material Insights: 

  • Polyvinyl Chloride (PVC)
  • High-Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Others

Industry Vertical Insights: 

  • Manufacturing
  • Construction
  • IT and Telecom
  • Healthcare
  • Others

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=7064&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: [email protected]

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/