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2019

Plastic Conduit Market

Plastic Conduit Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Material and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2019-2026

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Author's: Shantanu Sachan & Divyanshi Tewari | Sonia Mutreja
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Plastic Conduit Market Outlook - 2026

The global plastic conduit market size was valued $16.25 billion in 2018, and is projected to reach $25.68 billion by 2026, registering a CAGR of 5.7% during the global plastic conduit forecast. 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. 

Plastic Conduit Market

There is a growing demand for electrical conduits that 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.

Segment Overview:

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. 

Plastic Conduit Market
By Type
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Rigid Conduit segment is projected as one of the most lucrative segments.

Based on 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. 

Plastic Conduit Market
By Material
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HDPE segment is expected to secure leading position during forecast period.

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

Plastic Conduit Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia Pacific region would exhibit the highest CAGR of 7.7% during 2019-2026

The type of plastic conduits covered in the study include rigid conduit and flexible conduit. In 2018, the flexible conduit dominated the global plastic conduit market share, in terms of revenue, and is expected to secure a leading position during the global plastic conduit forecast period. 

Top Impacting Factors:

The notable factors positively affecting the global plastic conduits market size include growth in demand for highly safe and secure wiring system and rise in demand for commercial construction globally. However, problems regarding 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 of plastic conduits in residential buildings offers huge market opportunities for the global plastic conduit market expansion during the forecast years.

Some of the major factors impacting the plastic conduit market growth are as follows:

Growth in demand for highly secure and safe wiring system

The conventional method of wiring system using gas piping led to several issues since it ruined the insulation of wiring through constant frictions between the insulation and rough interior surface of the gas piping, fulling the demand for secure and safer systems in either commercial or residential buildings, which drives the plastic conduit market growth globally.  

Rise in commercial construction

With increase in trend of entrepreneurship, the rate of commercial buildings is also booming. Commercial buildings and offices require huge power consumption; thereby, leading to increase in use of non-metallic flexible conduit systems, which are safe and capable of dealing with high power efficiently, which offers lucrative plastic conduit market opportunity.

High installation costs of conduits

High installation costs of optical fiber cables coupled with a complex installation process refrain consumer from utilizing such an efficient technology, which impedes the growth of the market. Due to its high cost, many consumers turn to traditional metal wires, leading to huge loss of data. In addition, fiber optic cables are required to be coated with material to protect it from wear and tear and transmit data without attenuation, which also adds extra costs; thereby, increasing the operating cost.

Competitive Analysis:

The key players profiled in the global plastic conduit industry 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 Benefits for Plastic Conduit Market :

  • This report provides an extensive analysis of the current and emerging global plastic conduit market trends and dynamics in the global plastic conduit market size. 
  • In-depth plastic conduit market analysis is conducted by semiconductor and electronics market estimations for the key market segments between 2018 and 2026. 
  • Extensive analysis of the plastic conduit market forecast is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global plastic conduit market.

Plastic Conduit Market Report Highlights

Aspects Details
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By Type
  • Rigid Conduits
  • Flexible Conduits
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By Material
  • Polyvinyl Chloride (PVC)
  • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Others
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By Industry Vertical
  • Manufacturing
  • Construction
  • IT & Telecom
  • Healthcare
  • Others
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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)
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Key Market Players

Precision Plastic Industries Pvt. Ltd., AKG GROUP, BEC Conduits Pvt. Ltd., Conduit Pipe Products, co., ATKORE INTERNATIONAL, DURA-LINE HOLDING, INC., National Pipe and Plastic Inc., PRIME CONDUIT, Eaton, CANTEX INC.

Analyst Review

The global plastic conduit market possesses a high growth potential, owing to the development of the construction industry. The current business scenario is witnessing an increase in demand for plastic conduits, particularly in developing regions, such as South Korea and India, which propels the growth of the market. Moreover, companies in this industry are adopting various innovative techniques to provide consumers with advanced protection nature of plastic conduits for various industries globally. 

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. 

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 toward cable-in conduits system and increase in opportunities of plastic conduits in residential buildings provide lucrative opportunities for the market expansion.

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.
 

Author Name(s) : Shantanu Sachan & Divyanshi Tewari | Sonia Mutreja

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Plastic Conduit Market

Global Opportunity Analysis and Industry Forecast, 2019-2026