DUBLIN--(BUSINESS WIRE)--The "Plastic Conduit Market by Type Material and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Plastic Conduits Market
3.3. Patent Analysis
3.3.1. Plastic Conduits System, By Region (2018-2019)
3.3.2. Embedded Processor, By Applicants
3.4. Market Dynamics
188.8.131.52. Growing Demand For Highly Secure And Safe Wiring System
184.108.40.206. Growing Commercial Construction
220.127.116.11. High Installation Cost Of Conduits
18.104.22.168. Increase In Prices Of Non-Metallic Raw Materials
22.214.171.124. Emerging Trends Towards Cable-In Conduits System
126.96.36.199. Increasing Opportunities In Residential Buildings
Chapter 4: Plastic Conduits Market, By Type
4.2. Rigid Conduits
4.3. Flexible Conduits
Chapter 5: Plastic Conduits Market, By Material
5.2. Polyvinyl Chloride (Pvc)
5.3. High Density Polyethylene (Hdpe)
5.4. Polypropylene (Pp)
Chapter 6: Plastic Conduits Market, By Industry Vertical
6.4. It & Telecom
Chapter 7: Plastic Conduits Market, By Region
7.2. North America
Chapter 8: Competitive Landscape
8.2. Top Winning Strategies
8.3. Product Polypropylene (Pp)Ing Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heat Map
Chapter 9: Plastic Conduits: - Company Profiles
9.1. Atkore International
9.2. Akg Group
9.3. Bec Conduits Pvt. Ltd.
9.4. Cantex Inc.
9.5. Conduit Pipe Products, Co.
9.6. Dura-Line Holding, Inc.
9.8. Prime Conduit
9.9. Precision Plastic Industries Pvt. Ltd.
9.10. National Pipe And Plastic Inc.
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