Plastic Conduit Market

Market Overview:

The global plastic conduit market size reached USD 21.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 34.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.09% during 2024-2032. The market growth is primarily driven by the rising demand for efficient cable management in smart buildings, growing adoption of fire-resistant conduits to meet safety regulations, and increasing focus on developing recyclable, eco-friendly solutions aligning with global sustainability goals in various industries.

Plastic conduits are passages or pipes used to enclose electric wiring and allow fluids to pass through. It includes rigid and flexible conduits that are produced from various materials, such as polyvinyl chloride (PVC), polypropylene, high-density polyethylene (HDPE), and cross-linked polyethylene (PEX). Plastic conduits are primarily manufactured using an extrusion process, where raw material is fed to an extruder, and conduit shape is achieved using a dye. They are widely used for wires and cable protections, drinking water transportation, plumbing, waste management, fire sprinklers, chemical handling, exhausts, and ventilation systems. Plastic conduits are highly durable, lightweight, convenient, fire-proof, and cost-effective products that are easy to install, provide better stability, and require low maintenance. They also offer resistance against corrosion, chemicals, thermal expansion, and contractions. As a result, plastic conduits find extensive applications across the manufacturing, telecommunication, construction, and healthcare industries.

Plastic Conduit Market Trends:

Increased Demand for Cable Management Solutions

Increasing requirements for effective cable organization in commercial and residential areas are augmenting the popularity of plastic conduits. The growth of smart buildings has led to a greater intricacy in electrical and data wiring systems, requiring strong safety and organization measures. Plastic conduits are a less expensive, lightweight option compared to typical materials and offer shielding from physical harm and environmental conditions. This pattern is especially noticeable in sectors such as telecommunications, construction, and IT that rely heavily on wiring infrastructure. The durability and flexibility of plastic conduits render them a preferred choice for projects that involve intricate cabling networks, which is resulting in the steady growth of the plastic conduit market share.

Rapid Adoption of Fire-Resistant Plastic Conduits

The implementation of fire safety rules has caused a rise in the use of fireproof plastic conduits. These channels are specifically created to control the propagation of fires and harmful fumes, proving crucial in environments prioritizing fire protection including offices, factories, and hospitals. Using materials such as polyvinyl chloride (PVC) in fire-resistant plastic conduits guarantees both safety and adherence to strict regulatory requirements. PVC is the sole multipurpose plastic that has more than 50% chlorine and is naturally resistant to fire. Burning PVC results in the release of hydrogen chloride gas, which hinders combustion and restricts fire expansion. This gas can be detected at low levels, allowing for early detection of fires. PVC also generates reduced heat and emits minimal flaming droplets when it burns. Manufacturers are investing in new materials to comply with increasing building safety regulations due to growing global awareness. This continuous change is increasing the attractiveness of flame-retardant plastic conduits, thereby driving their market expansion.

Sustainability Initiatives Driving Recyclable Conduit Development

As per the plastic conduit market analysis report, the demand for these conduits is significantly influenced by environmental sustainability, prompting manufacturers to prioritize the creation of recyclable and eco-friendly options. Regulators and consumers are advocating for more environmentally friendly options, especially in the construction and utilities industries, where significant amounts of plastic waste are produced. Businesses are making substantial investments into research and development (R&D) to create long-lasting, easily recyclable channels that support worldwide sustainability objectives.

Plastic Conduit Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global plastic conduit market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, material, and industry vertical.

Type Insights:

• Rigid Conduits 
• Flexible Conduits
   

The report has also provided a detailed breakup and analysis of the plastic conduit market based on the type. This includes rigid and flexible conduits. According to the report, flexible conduits represented the largest segment.

Material Insights: 

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

A detailed breakup and analysis of the plastic conduit market based on the material has been provided in the report. This includes polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), and others. According to the report, HDPE accounted for the largest market share.

Industry Vertical Insights: 

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

A detailed breakup and analysis of the plastic conduit market based on the industry vertical has been provided in the report. This includes manufacturing, construction, IT and telecom, healthcare, and others. According to the report, construction accounted for the largest market share.

Regional Insights:

• 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
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for plastic conduit. Some of the factors driving the North America plastic conduit market include rising construction activities, rapid industrialization, extensive research and development (R&D) activities, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global plastic conduit market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• 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
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Plastic Conduit Market News:

• September 4, 2024: Legrand, a global electrical and digital infrastructure company, acquired Australian Plastic Profiles (APP), a leading maker of PVC conduits and ducting in Sydney. Legrand's acquisition doubles its size in the Australian market, enhancing its balance between residential and non-residential business, as APP's products are vital for building infrastructure. Legrand plans to leverage APP's strong national footprint and benefit from their international presence and R&D investment.

Plastic Conduit Market Report Scope:

Key Questions Answered in This Report:

• What is the market value of plastic conduit?
• What is the future prospect of plastic conduit?
• What are the drivers, restraints, and opportunities in the global plastic conduit market?
• What are the key regional markets?
• Which countries represent the most attractive plastic conduit markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the industry vertical?
• What is the competitive structure of the global plastic conduit market?
• Who are the key players/companies in the global plastic conduit market?
   

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the plastic conduit market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global plastic conduit market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the plastic conduit industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.