Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market was valued at USD 181.4 million in 2023 and is anticipated to grow at a CAGR of 7.6% from 2024 to 2032. Key growth drivers include increasing demand for corrosion-resistant and durable conduits in industrial applications, rising infrastructure development, and stricter safety standards. Additionally, the growing adoption of automation and smart technologies in industries requires reliable conduit solutions for complex wiring needs. The expansion of renewable energy projects, a heightened focus on sustainability, and advancements in conduit materials and manufacturing processes further propel market growth, ensuring robust demand for these conduits in the coming years.

Ongoing innovations in materials and manufacturing processes are boosting market growth. For instance, Atkore Flexicon, in September 2023, introduced new conduit systems and fittings with UL 360 rating, along with zinc-coated conduit, designed for critical applications in food, pharmaceuticals, and electronics. As industries increasingly prioritize safety, efficiency, and durability in electrical installations, the market is poised for sustained growth and continuous innovation to meet evolving industry demands.