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):
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.