Plastic Conduit Market Size, Share, Growth Report 2032

Industry Perspective:

The global plastic conduit market was valued at USD 18.75 billion in 2021 and is anticipated to reach USD 30.01  billion by the end of 2030. The market is projected to grow with a healthy CAGR of 5.7% during the forecast period. The market report is an extensive analysis of emerging growth factors, challenges, opportunities, and restraints in the global landscape. The competitive and geographical landscape is well elaborated in the report.

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Plastic Conduit Market: Overview

A plastic conduit is a passage or pipeline for fluids or electric wires. The pipes passing through these passages allow routing and protection to materials flowing through these pipelines. Plastic conduit is widely used in several end-user sectors like agriculture, telecommunication, manufacturing, construction, among others. However, the tech advancements in recent years in the manufacturing process of plastic conduits have helped them to allow chemicals and other fluids to pass through it.

Key Insights

• As per the analysis shared by our research analyst, the global plastic conduit market is estimated to grow annually at a CAGR of around 5.7% over the forecast period (2022-2030).
•  In terms of revenue, the global plastic conduit market size was valued at around USD 18.75 billion in 2021 and is projected to reach USD 30.01 billion, by 2030.
• The global plastic conduit market is projected to grow as it is widely used for protecting cables against pressure stress, tensile stress, cold, and heat in the electrical and mechanical engineering industry.
• Based on type, the flexible conduit segment accounted for the largest market share in 2021.
• Based on material, the high-density polyethylene segment is expected to dominate the market during the forecast period.
• Based on region, North America is projected to dominate the market during the forecast period.

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COVID-19 Impact:

The global plastic conduit market was largely impacted by the outbreak of the Covid-19 pandemic. The market saw a substantial decline in its CAGR value with the market revenue. However, a speedy recovery is anticipated in the current landscape due to the recovery in the construction sector in different economies. With a fast-growing global market, some delays and halts can be expected in the market dynamics due to the shortage of labor & raw materials along with disruptions in supply chains. Safety regulations issued by the government at state and local levels are further likely to affect the growth of the global market, but the lift of lockdown is expected to again push the growth trajectory of the global plastic conduit market exponentially in the forthcoming years.

Plastic Conduit Market: Growth Drivers

High demand for plastic conduits due to their superior properties will drive market growth.

An electrical conduit is an electrical piping solution widely adopted in the protection of electric wiring. However, it is widely used for protecting cables against pressure stress, tensile stress, cold, and heat in the electrical and mechanical engineering industry. Manufacturers offer different types of conduits for a wide range of applications with different tech requirements. This electrical conduit system is the most reliable and popular wiring system in the market, only known for its safety purposes. The conventional techniques of wiring with the help of a gas pipe lead to many issues as it destroys the insulation of wiring due to the constant friction between the rough interiors of the gas piping and the insulation. Therefore, such a landscape is significantly fueling the demand for safe and secure wiring systems in residential and commercial buildings.

Plastic Conduit Market: Restraints

High installation cost is a major restraining factor in the global market.

High installation cost of optical fiber cables and a very complex installation process restrict users from adopting such inefficient technology, which in turn is likely to hamper the growth of the global market. Also, owing to its high cost, consumers adopt traditional metal wires, thereby decreasing the market value.

Plastic Conduit Market: Opportunities

Surge in commercial construction is likely to create noteworthy opportunities in the global market.

Commercial building has been blooming in recent years with the growing trend of entrepreneurship. The offices and the commercial buildings need to use power consumption, thereby propelling the use of non-metallic flexible conduit systems which are safe and are able to offer high power efficiently. However, such a landscape is likely to create new avenues in the global plastic conduit market in the forthcoming years.

Plastic Conduit Market: Challenges

Volatility in raw material prices is a huge challenge in the global market.

The raw material used for the production of these conduits has volatile prices. Prices are directly proportional to the value chain, operational cost, and procurement cost. Therefore, a sudden decrease or increase in prices largely impacts the profit margin of the companies. Therefore, it has emerged as a key challenge in the global market.

Plastic Conduit Market: Segmentation

The global plastic conduit market can be segmented into type, industry vertical, material, and region.

By type, the market can be segmented into flexible and rigid conduits.

By industry vertical, the market can be segmented into healthcare, IT & telecom, construction, manufacturing, and others.

By material, the market can be segmented into polypropylene, high-density polyethylene, polyvinyl chloride, and others.

Recent Developments

• Atkore International Group Inc., in February 2021, acquired FRE Composites Group. This initiative will help the company to expand its conduit product portfolio. FRE Composites Group is a leading manufacturer of fiberglass conduit solutions for the electrical, transportation, telecommunication, and infrastructure markets.
• ABB, in August 2018, unveiled its plan for the expansion of the Thomas and Betts facility on Dennis Street in Athens. Apart from this, the plant is expected to enhance the production for its 21 product lines.

Plastic Conduit Market Report Scope:

Plastic Conduit Market: Regional Landscape

North America accounts for the largest share in the global plastic conduit market due to the growing demand to replace the traditional electrical equipment in the region with a high-quality system. Furthermore, the growing construction activities in the region will further contribute towards the growth of the regional market.

Asia Pacific is one of the fastest-growing regions in the global market due to the presence of emerging economies like China and Japan.

Plastic Conduit Market: Competitive Landscape

Some of the significant players in the global plastic conduit market include Sanco Industries Ltd., International Metal Hose Company, Premier Conduit Inc., Zekelman Industries Inc., Pipelife International GmbH, D.P. Jindal Group, Nan Ya Plastics Corp., China Lesso Group Holdings Ltd., Astral Polytechnik Limited, Orbia Advance Corporation, Atkore International Group Inc., and National Pipe & Plastics Inc.

Global plastic conduit market is segmented as follows:

By Type

• Rigid Conduits
• Flexible Conduits

By Industry Vertical

• Manufacturing
• Construction
• IT & Telecom
• Healthcare

By Material

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa