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Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Trends

Report ID: GMI10003
Published Date: Jun 2024
Report Format: PDF

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Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Trends

The industrial liquid-tight flexible non-metallic conduit industry is experiencing significant trends driven by the demand for robust, corrosion-resistant solutions in industrial settings. Growth in automation, smart technologies, and renewable energy projects is boosting the need for advanced conduit systems. The Industrial LFNC market is evolving with eco-friendly materials and recyclability, exemplified by Electri-Flex's March 2023 introduction of antimicrobial properties in its Liquatite Type LNMP conduit. This innovation boosts protection against microbial growth in food processing and healthcare settings, aligning with greener practices and stringent hygiene standards. These trends underscore the market's dedication to sustainability and enhanced safety.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial liquid-tight flexible non-metallic conduit was worth USD 181.4 million in 2023 and is projected to expand at 7.6% CAGR from 2024 to 2032, owing to the increasing demand for corrosion-resistant and durable conduits in industrial applications.

The industrial liquid-tight flexible non-metallic conduit market share from the 2 ½ to 3-inch trade size segment is projected to grow at over 6.5% CAGR between 2024 and 2032 due to the increasing industrial automation and expansion of the manufacturing sector.

Asia Pacific industrial liquid-tight flexible non-metallic conduit industry is anticipated to garner more than USD 145 million by 2032, on account of the rapid industrialization in key economies such as China and India.

ABB, Atkore, Anamet Electrical, Inc., Dura-Line Corporation, Electri-Flex Company, Eaton, Hangzhou EVT Electrical Co., Ltd., Hangzhou Topele Imp. & Exp. Co.,Ltd, Hubbell, among others are key players operating in the industrial liquid-tight flexible non-metallic conduit industry.