Plastic Conduit Market to Reach $25.67 Billion, Globally, by 2026 at 5.7% CAGR: Allied Market Research

Increase in demand for highly secure and safe wiring system, and growing commercial construction fuel the growth of the global plastic conduit market

News provided by

Allied Market Research

Dec 11, 2019, 07:50 ET

PORTLAND, Oregon, Dec. 11, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Plastic Conduit Market by Type (Rigid Conduit and Flexible Conduit), Material (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), and Industry Vertical (Manufacturing, Construction, IT & Telecom, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026. "As per the report, the global plastic conduit industry was estimated at $16.24 billion in 2018 and is expected to reach $25.67 billion by 2026, growing at a CAGR of 5.7% from 2019 to 2026.

Drivers, restraints, and opportunities-

Rise in demand for highly secure and safe wiring system, and growing commercial construction drive the growth of the global plastic conduit market. On the other hand, high installation cost of conduits and increase in prices of non-metallic raw materials impede the growth to certain extent. Nevertheless, emerging trends toward cable-in conduits system and increasing opportunities in residential buildings are expected to create an array of opportunities in the near future.

The flexible conduits segment to dominate till 2026-

Based on type, the flexible conduits segment contributed to more than two-thirds of the global plastic conduit market share in 2018 and is expected to retain its dominance by the end of 2026. Use of flexible conduits for varied purposes such as wire installation boosts its demand in the market. The rigid conduits segment, on the other hand, would grow at the fastest CAGR of 7.1% throughout the estimated period. Use of rigid conduits for outdoor installation and its increased demand with industrial development have made it the fastest growing segment.

Up to 30% Discount - Offer Valid till 31-Dec-2019

Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/6227

The HDPE segment to rule the roost during the forecast period-

Based on material, the HDPE segment accounted for nearly one-third of the global plastic conduit market revenue in 2018 and is anticipated to retain the lion's share by 2026. The fact that HDPE conduits are highly preferred for electrical power protection and telecommunication cables has augmented the growth of the segment. At the same time, the PP segment would register the fastest CAGR of 7.0% during the study period. Polypropylene is flexible and abrasion resistant in nature. Moreover, it provides resistance to acids and alkalis, which rises its demand in industrial applications.

North America to lead the trail by 2026-

Based on geography, North America held the largest share in 2018, garnering more than one-third of the global plastic conduit market, and is predicted to dominate during 2019–2026. Fast development of infrastructure in the region demands installation of plastic conduits. Simultaneously, the region across Asia-Pacific would cite the fastest CAGR of 7.7% from 2019 to2026. This region has the major percentage of world's population and thus, requires major infrastructure development.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6227

Frontrunners in the industry-

AKG Group
Mitsubishi Corporation
Calpipe Industries
Atkore International
Prime Conduit
Precision Plastic Industry
Eaton Corporation
Cantex Inc.
Duraline holdings Inc.
Allied Tube & Conduit

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Cable Conduit Systems Market Expected to Reach $7.3 Billion, Globally, by 2022

Global Plastic Extrusion Machine Market Expected to Reach $8,244 Million by 2025

Global IP Video Surveillance and VSaaS Market to Reach $52.98 Billion by 2026

Global Optical Fiber Market Expected to Reach $ 8,153 Million by 2025

Pre-book Offer 12% Discount:

Retail Security Tags Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Home Security Solutions Market – Global Opportunities Analysis and Industry Forecasts, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/