Liquid-Tight Flexible Non-Metallic Conduit Market Size

Liquid-Tight Flexible Non-Metallic Conduit Market Size

Liquid-Tight Flexible Non-Metallic Conduit Market size was valued at USD 501.8 million in 2023 and is anticipated to expand at a CAGR of 8% between 2024 and 2032, propelled by factors including rapid industrialization, infrastructure development, and stringent safety regulations governing electrical installations. Additionally, versatility and ease of installation of these products contribute to their growing popularity among contractors, electricians, and end-users. Moreover, the surge in infrastructure development projects worldwide, particularly in emerging economies, is fueling the need for reliable cable protection systems, thereby contributing to the market's growth trajectory.

Ongoing innovations in materials and manufacturing processes are enhancing the performance and reliability, further fuelling market expansion. For instance, in September 2023, Atkore Flexicon, has expanded its hygienic range with new UL 360 rated conduit systems and fittings including AFC UL-FG LFMC zinc-coated conduit, to meet stringent requirements for critical applications in food, pharmaceuticals, and electronics. As industries prioritize safety, efficiency, and durability in electrical installations, the market is poised for continued growth and innovation to meet evolving industry needs.