Global Industrial Liquid Tight Flexible Non-metallic Conduit Market Overview:
As per MRFR analysis, the Industrial Liquid Tight Flexible Non-metallic Conduit Market Size was estimated at 1.77 (USD Billion) in 2022. The Industrial Liquid Tight Flexible Non-metallic Conduit Market is expected to grow from 1.84 (USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Industrial Liquid Tight Flexible Non-metallic Conduit Market CAGR (growth rate) is expected to be around 3.49% during the forecast period (2024 - 2032).
Key Industrial Liquid Tight Flexible Non-metallic Conduit Market Trends Highlighted
Important market trends in the Industrial Liquid Tight Flexible Non-metallic Conduit market include the increasing demand for reliable and flexible electrical connections in various industries, such as manufacturing, automotive, and energy.
Emerging smart building and industrial automation applications are driving the need for advanced solutions that can withstand harsh environments and support data transmission. The growing emphasis on safety and regulatory compliance is fueling the adoption of non-metallic conduits, as they offer excellent insulation and protection against electrical hazards.
Additionally, advancements in material science are leading to the development of conduits with enhanced flexibility, durability, and UV resistance. This market is expected to witness significant growth opportunities in the coming years due to the rise in construction activities, particularly in emerging economies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Liquid Tight Flexible Non-metallic Conduit Market Drivers
Increasing demand for flexible and durable conduits in harsh environments
The growing need for flexible and durable conduits in harsh environments, such as those found in industrial settings, is a major driver of the Industrial Liquid Tight Flexible Non-metallic Conduit Market. These conduits offer several advantages over traditional rigid conduits, including their ability to withstand vibration, bending, and impact.
They are also resistant to corrosion and chemicals, making them ideal for use in a wide range of applications, including power generation, oil and gas, and manufacturing.
In addition, liquid-tight, flexible, nonmetallic conduits are easy to install and maintain, which further contributes to their popularity in industrial settings.
Rising awareness of safety regulations and standards
The increasing awareness of safety regulations and standards is another key driver of the Industrial Liquid Tight Flexible Non-metallic Conduit Market. These regulations and standards are designed to ensure the safety of workers and equipment in industrial environments.
Liquid-tight tight, flexible, nonmetallic conduits play a critical role in meeting these regulations and standards by providing a safe and reliable way to route electrical cables and wires.
They help to prevent electrical fires, shorts, and other accidents that can occur when cables and wires are exposed or damaged.
Technological advancements and product innovations
It is worth noting that along with consumer goods, technological progress and innovation in the production of goods are also factors that have a positive impact on the development of the Industrial Liquid Tight Flexible Non-metallic Conduit Market.
The thing is that new and upgraded types of products are produced by manufacturers. Manufacturers who produce a new type of goods take care of the creation of products with improved characteristics, productivity, safety, and duration of operation with technological improvements.
For example, at the moment, a leading trend is the use of liquid-tight, flexible, non-metallic conduits with built-in grounding wires, which are safe for use in electrical installations.
Finally, another technological innovation is the manufacture of conduits that are resistant to high temperature and chemicals. These technological innovations make liquid tight flexible non-metal conduits even more attractive to industrial consumers.
Industrial Liquid Tight Flexible Non-metallic Conduit Market Segment Insights:
Industrial Liquid Tight Flexible Non-metallic Conduit Market Application Insights
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is segmented by application into power plants, the oil gas industry, the chemical and petrochemical industry, the automotive industry, mechanical engineering, mining, and others.
The market is expected to be dominated by the power plants segment in 2023, as the demand for electricity continues to increase, and reliable and efficient power distribution systems are required in power plants.
At the same time, the oil-gas industry segment is also expected to experience significant growth as the demand for oil and gas continues to increase, and safe and flexible conduits are needed for their transportation.
In addition, the chemical and petrochemical industry segment is expected to grow at a stable pace, as the demand for chemicals and petrochemicals continues to increase, and safe and corrosion-resistant conduits are needed for their transportation.
The automotive industry segment is also expected to contribute to the expansion of the market as the production of vehicles continues to increase, and lightweight and flexible conduits are required for their electrical and electronic systems.
The mechanical engineering segment is expected to grow moderately as the demand for conduits for various mechanical applications remains steady.
At the same time, the mining segment is also expected to contribute to the growth of the market as the demand for minerals and metals continues to increase, and robust and flexible conduits are required for their transportation.
The others segment includes such applications as construction, agriculture, and marine, and is expected to expand at a stable pace over the forecast period. Overall, the Industrial Liquid Tight Flexible Non-metallic Conduit Market is expected to enter the phase of significant expansion over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Liquid Tight Flexible Non-metallic Conduit Market Material Insights
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is segmented by material into polyvinyl chloride (PVC), polyethylene (PE), polyamide (PA), polyurethane (PUR), nylon, and others. The segment is expected to grow at the highest rate due to its excellent chemical resistance, flame retardancy, and low cost in 2023.
The Polyethylene segment is expected to grow significantly due to its flexibility, durability, and resistance to UV radiation in the forecasted period. The polyamide segment is also expected to grow at a steady pace because of its high strength, toughness, and abrasion resistance.
The polyurethane segment is estimated to grow at a moderate rate owing to its excellent flexibility, toughness, and resistance against chemicals and abrasion. The nylon segment is likely to have a low market share due to high cost and limited availability.
The other segment is likely to grow at a moderate rate and includes materials such as fiberglass, rubber, and metal.
Industrial Liquid Tight Flexible Non-metallic Conduit Market Voltage Rating Insights
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is segmented by voltage rating into Below 100V, 100 - 500V, 500 - 1000V, 1000 - 1500V, and Above 1500V.
Among these, the 100 - 500V segment is expected to hold the largest market share in 2023, owing to the increasing demand for low-voltage conduits in various industrial applications.
The 500 - 1000V segment is projected to experience significant growth during the forecast period, driven by the rising use of medium-voltage conduits in power distribution systems. The Below 100V segment is expected to witness steady growth, primarily due to its applications in low-power electronic devices and control systems.
Conversely, the Above 1500V segment is anticipated to have a relatively smaller market share, but it is expected to grow at a steady pace due to its use in high-voltage power transmission applications.
Industrial Liquid Tight Flexible Non-metallic Conduit Market Diameter Insights
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is segmented by diameter into 3/8-inch, ½-inch, ¾-inch, 1-inch, 1-1/4-inch, 1-1/2-inch, and Others.
Among these, the 1-inch diameter segment held the largest market share in 2023, accounting for around 32.0% of the global market revenue. This dominance is attributed to its wide application in electrical and industrial settings, including power distribution, control circuits, and lighting systems.
Moreover, the increasing demand for flexible and durable conduit solutions in hazardous and harsh environments is driving the growth of the 1-inch diameter segment.
The 3/8-inch and 1/2-inch diameter segments are also expected to witness significant growth during the forecast period, owing to their use in residential and commercial buildings for low-power applications and data transmission.
Industrial Liquid Tight Flexible Non-metallic Conduit Market Regional Insights
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share during the forecast period of 2024-2032.
The growth in the APAC region can be attributed to the increasing construction activities, particularly in emerging economies like China, India, and Southeast Asian countries. Moreover, the rising demand for industrial automation and electrification projects in the region is further driving the market growth.
North America is another key region in the Industrial Liquid Tight Flexible Non-metallic Conduit Market, and it is expected to witness steady growth in the coming years. The presence of major industrial hubs and the increasing demand for liquid-tight flexible non-metallic conduits in various industrial applications are contributing to the growth in this region.
Europe is also a significant market for Industrial Liquid Tight Flexible Non-metallic Conduits, and it is expected to continue its growth trajectory during the forecast period.
The stringent regulations regarding electrical safety and the growing awareness about the benefits of liquid-tight flexible non-metallic conduits in industries such as chemical processing, manufacturing, and power generation are driving the market growth in this region.
MEA and South America represent emerging markets in the Industrial Liquid Tight Flexible Non-metallic Conduit Market. These regions are expected to witness significant growth in the coming years, owing to the growing construction sector and increasing investments in industrial infrastructure development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Liquid Tight Flexible Non-metallic Conduit Market Key Players and Competitive Insights:
Major players in the Industrial Liquid Tight Flexible Non-metallic Conduit Market are constantly investing in research and development to improve their offerings and gain a competitive edge. Leading Industrial Liquid Tight Flexible Non-metallic Conduit Market players are focusing on expanding their product portfolios by introducing new and innovative products that meet the evolving needs of customers.
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is witnessing a surge in the adoption of advanced technologies, such as automation and digitalization, to enhance production efficiency and reduce costs.
Strategic partnerships and collaborations between key players are becoming increasingly common in the Industrial Liquid Tight Flexible Non-metallic Conduit Market as companies seek to strengthen their market position and gain access to new technologies and markets.
Mergers and acquisitions are also expected to play a significant role in shaping the competitive landscape of the Industrial Liquid Tight Flexible Non-metallic Conduit Market.
Among the leading players in the Industrial Liquid Tight Flexible Non-metallic Conduit Market is a prominent company with a strong global presence and a diverse product portfolio.
The company has a long history of innovation and is known for its high-quality products and excellent customer service. With a focus on sustainability, the company is committed to reducing its environmental impact and promoting responsible manufacturing practices.
It is actively involved in research and development to develop new and improved products that meet the evolving needs of its customers. The company's extensive distribution network and strong relationships with customers allow it to reach a wide range of markets and maintain a competitive edge.
A notable competitor in the Industrial Liquid Tight Flexible Non-metallic Conduit Market is another leading company with a strong reputation for quality and reliability. The company has a global presence and offers a comprehensive range of products to meet the diverse needs of its customers.
It invests heavily in research and development to stay at the forefront of technological advancements and develop innovative products that cater to the changing market demands. With a strong focus on customer satisfaction, the company provides excellent technical support and after-sales service to its customers.
By leveraging its strong brand recognition and established customer base, the company is well-positioned to maintain its competitive edge in the Industrial Liquid Tight Flexible Non-metallic Conduit Market.
Key Companies in the Industrial Liquid Tight Flexible Non-metallic Conduit Market Include:
Industrial Liquid Tight Flexible Non-metallic Conduit Market Developments
The market growth is attributed to the increasing demand for flexible and durable conduits in various industries, including electrical, construction, and manufacturing.
Recent advancements in materials and manufacturing processes have resulted in the development of conduits with enhanced flexibility, corrosion resistance, and flame retardancy, meeting the stringent requirements of these industries.
Key market players are focusing on expanding their product portfolios and adopting sustainable practices to cater to the growing demand for eco-friendly solutions.
Strategic acquisitions and partnerships are expected to shape the market landscape in the coming years as companies seek to strengthen their market positions and gain access to new technologies and markets.
Industrial Liquid Tight Flexible Non-metallic Conduit Market Segmentation Insights
Industrial Liquid Tight Flexible Non-metallic Conduit Market Diameter Outlook
-
-
3/8 inch
-
1/2 inch
-
3/4 inch
-
1 inch
-
1-1/4 inch
-
1-1/2 inch
-
Others
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.77 (USD Billion) |
| Market Size 2023 |
1.84 (USD Billion) |
| Market Size 2032 |
2.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.49% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Southwire Company, LLC, Legrand S.A., Eaton Corporation plc, Atkore International Group Inc., Leviton Manufacturing Co., Inc., Panduit Corp., Schneider Electric SE, Flexco LLC, Ideal Industries, Inc., Alpha Wire, Thomas Betts Corporation, T (Belden), Prysmian Group S.p.A., The Okonite Company |
| Segments Covered |
Application, Material, Voltage Rating, Diameter, Regional |
| Key Market Opportunities |
Growing demand for flexible conduits in industrial automation Increasing adoption in hazardous environments Expansion of the renewable energy sector Rising infrastructure development in emerging economies Government regulations promoting safety in industrial settings |
| Key Market Dynamics |
Rising construction activities, growth in industrial automation, increasing demand for flexible and durable conduits, stringent electrical safety regulations, and the expanding oil and gas industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Industrial Liquid Tight Flexible Non-metallic Conduit Market reached USD 1.84 billion in 2023.
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is projected to grow at a CAGR of 3.49% from 2024 to 2032.
Asia Pacific dominated the Industrial Liquid Tight Flexible Non-metallic Conduit Market in 2023.
Increasing demand for industrial automation and the growing need for flexible and durable conduit solutions are key drivers of growth for the Industrial Liquid Tight Flexible Non-metallic Conduit Market.
Key competitors in the Industrial Liquid Tight Flexible Non-metallic Conduit Market include Alpha Wire, Ancor, Carlon, Eaton, and Flexco.
Major applications of Industrial Liquid Tight Flexible Non-metallic Conduit include machine tools, robotics, and conveyor systems.
The Industrial Liquid Tight Flexible Non-metallic Conduit Market is projected to reach USD 2.5 billion by 2032.
Asia Pacific is expected to have the highest growth rate in the Industrial Liquid Tight Flexible Non-metallic Conduit Market from 2024 to 2032.
Challenges faced by the Industrial Liquid Tight Flexible Non-metallic Conduit Market include rising raw material costs and intense competition.
Opportunities for growth in the Industrial Liquid Tight Flexible Non-metallic Conduit Market include increasing demand from emerging economies and technological advancements.
