Global Plastic Conduit Market to Grow Around USD 30.01 billion by 2030

The global plastic conduit market size was worth around USD 18.75 billion in 2021 and is predicted to grow around USD 30.01 billion by 2030 with a compound annual growth rate (CAGR) of nearly 5.7% between 2022 and 2030.

Plastic conduit is manufactured from durable PVC and is utilized for routing and protecting electric wiring and cables. Moreover, plastic conduits find a plethora of applications in various industry verticals such as IT & telecommunications, manufacturing, and construction. Apart from this, plastic conduits are also used prominently in the residential and commercial sectors. In addition, plastic conduits offer extreme durability and can be recycled. They are lightweight, resistant to rust, combustion, and chemicals, and easily deployable. The large-scale demand for plastic conduits for transporting drinking water and broadband has enhanced its penetration into public utilities.

The global plastic conduit market is projected to expand notably over the forecast period owing to humungous demand for highly secured and safe wiring systems. Apart from this, plastic conduit provides a slew of benefits that include protection of electric cables against extreme temperatures and moisture resistance. In addition, escalating plastic conduits utilization in commercial and residential spaces & constructions in emerging economies such as China and India will boost the global market growth trends. With firms practicing economies of scale in their production of plastic conduit, the market for plastic conduit is predicted to expand leaps & bounds over the years ahead.

High costs of deploying plastic conduits and a prominent surge in raw material costs will inhibit the growth of the global plastic conduit market. Nevertheless, the growing demand for cable-in conduit systems and plastic conduits across the residential sector will open new opportunities for growth in the global market.

The global plastic conduit market is segmented based on type, material, industry, and region.     

Based on type, the global market segments are rigid conduit and flexible conduit. In 2021, the flexible conduit segment dominated the global market share and is predicted to continue its domination even in the upcoming years. The growth of the segment during the forecast period can be attributed to an increase in demand for flexible conduits for installing cables and wires.

In terms of material, the global market segments include polyvinyl chloride, polypropylene, high-density polyethylene, and others. In 2021, the high-density polyethylene segment led the global market growth due to the large-scale use of high-density polyethylene in telecommunication cables and electrical power protection wires.

North America contributed a major share of the global plastic conduit market owing to escalating demand for the product as a replacement for conventional electrical devices. Apart from this, the presence of strong infrastructure has led to a huge preference for plastic conduits in the region, thereby driving regional market trends. However, the Asia-Pacific plastic conduit industry is anticipated to register the fastest CAGR of about 7.5% during the forecast timeframe. The growth of the regional market over the assessment timeline can be credited to the massive demand for plastic conduits in countries such as Japan and China.

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

Recent Developments:

• In June 2022, Atkore Inc., a key player in the plastic conduit business, declared acquisition of Talon Products, LLC, a key provider of non-metallic injection molded cable cleats used in power distribution sector. The acquisition will help Atkore seamlessly integrate Talon’s assets with the product line of Atkore, thereby helping the firm in providing a strong solution for its cable management requirements. The strategic move will also benefit Atkore’s plastic conduit business.
•  In August 2022, DigitalBridge Investment Management, a division of DigitalBridge Group, Inc., and Columbia Capital, a key investor in digital infrastructure, enterprise technology, and mobility solutions launched Xenith Infrastructure Group, a novel fiber tool in the Asia-Pacific region. For the record, Xenith Infrastructure Group’s major assets include fiber assets and conduit which it acquired from Superloop. The initiative will provide impetus to the demand for plastic conduits in the Asia-Pacific region.

This review is based on a report by Zion Market Research, titled “Plastic Conduit Market by Type (Rigid Conduit and Flexible Conduit), Material (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), By Industry Vertical (Manufacturing, Construction, IT & Telecom, Healthcare, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/plastic-conduit-market

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

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