Plastic Conduit Market to Reach $25.67 Billion, Globally, by 2026 at 5.7% CAGR: Allied Market Research
"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.
- "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.
- Rise in demand for highly secure and safe wiring system, and growing commercial construction drive the growth of the global plastic conduit market.
- 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.
- 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.